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Egypt to pay $1.3 billion in oil company arrears by June amid energy crunch

By June 30, 2024, Egypt owed $6.1 billion to foreign oil companies, a gap driven by a persistent shortage of foreign currency.

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IFC Somalia microfinance loan
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IFC plans $1 million loan for KIMS Microfinance to expand financial inclusion in Somalia

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Boto Gold Mine Site
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Wärtsilä secures five years power plant deal at Senegal gold mine

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U.S. 2025 aid tops $8.5 billion for 20 African nations, led by Ethiopia, DRC, and Nigeria

U.S. allocates billions in 2025 aid to 20 Sub-Saharan nations,…

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Co-op Bank Kenya half-year profit hits $109.1 million

Co-op Bank of Kenya posted $109.1 million H1 profit, lifted…

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Seychelles’ elite 10 luxury restaurants serving World-class cuisine

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US supports $10 billion Bishoftu Airport project
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US backs $10 billion Bishoftu International Airport in Ethiopia

US backs Ethiopia’s $10 billion Bishoftu International Airport, set to become Africa’s largest aviation hub by 2029.

Feyisayo Ajayi Feyisayo Ajayi

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Glencore to reopen Alumbrera copper mine, lifting Argentina mining

Glencore plans to reopen the Alumbrera copper mine in 2028, supporting Argentina’s…

Timilehin Adejumobi

Jubilee gets $10 million second payment after selling South African chrome assets

Jubilee Metals Group, Zambia copper, chrome assets, African mining, Global copper demand,…

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10 youngest African billionaires

Africa’s 10 youngest billionaires built empires in telecom, cement, energy and real…

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Globacom counts down to 22 years of reshaping telecoms
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Globacom counts down to 22 years of reshaping telecoms in Nigeria

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MAG Group, Chad signing event
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MAG Group bets big on Africa mining and infrastructure expansion

MAG Group targets Africa mining and regional infrastructure expansion

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Tamer El Mahdi, Telecom Egypt’s managing director and CEO
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Telecom Egypt completes 2Africa cable, predicts $36.9 billion GDP  boost

Telecom Egypt expands high-speed access with massive 2Africa cable.

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