Tag: Africa

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Egypt raises electricity prices as energy costs surge

Egypt raises electricity prices for heavy users as energy import costs surge, while shielding lower-income households from tariff increases.

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UN urges Africa to borrow, boost revenue to fund AI infrastructure gap

UN urges African governments to borrow, boost revenue, and invest in data centers and power to close the artificial intelligence infrastructure gap.

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Fuel costs jump across Africa as governments rush to shield households

Fuel costs surge across Africa, forcing governments to cut taxes and adjust prices to ease pressure on households amid global supply shocks.

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Air Algerie fleet expansion with new aircraft.
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Just as Uganda Airlines gets $113 million, Air Algerie orders 10 Boeing 737 MAX 8

Uganda Airlines secures $113 million funding as Air Algerie orders 10 Boeing 737 MAX 8, signaling African aviation expansion.

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Dangote refinery fuel price increase
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As petrol rises 84% in Nigeria, Dangote refinery sends fuel to Ghana, 4 others

As petrol rises 84% in Nigeria, Dangote refinery boosts regional exports, shipping 456,000 tonnes of refined fuel to five African nations.

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ADvTECH’s Africa expansion lifts operating profit past $120 million in 2025

ADvTECH Group, Africa’s largest private education provider, reported its strongest results to date, crossing the $120 million mark in operating profit for the year ended Dec. 31, 2025. The company said operating profit rose 14 percent to R2.04 billion ($120.7 million), up from R1.8 billion ($106.5 million) a year earlier, as steady enrollment gains and measured fee increases supported growth…

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Cameroonian tech investor Eunice Ajim seeks $20 million to back Africa’s next fintech winners

Cameroonian tech entrepreneur and investor Eunice Ajim seeks $20 million to back Africa’s next generation of fintech startups.

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Dangote refinery fuel price increase
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Aliko Dangote’s refinery becomes key as Europe, Africa face fuel supply strain

Aliko Dangote’s $20 billion Lagos refinery becomes a key jet fuel source amid global supply chain pressures.

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Nigerian President praises Tony Elumelu on 63rd birthday as TEF lifts 2.1 million Africans out of poverty

Nigerian President hails Tony Elumelu as TEF lifts 2.1 million Africans out of poverty and creates 1.5 million jobs.

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Shoprite enters community banking, while Nigerian franchise shuts down

Shoprite acquires R&A Cellular, expanding neighborhood financial services, while its Nigerian operation under Tayo Amusan’s Ketron shuts down.

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Aliko Dangote, president of Dangote Group
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Africa turns to Aliko Dangote’s $20 billion refinery as Middle East crisis deepens

Africa turns to Aliko Dangote’s 20 billion refinery as fuel risks rise amid Middle East tensions, with countries seeking more reliable supply options.

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AfDB backs billion-dollar aviation push as Africa becomes fastest-growing market

AfDB launches billion-dollar program to boost Africa’s aviation and attract long-term investment.

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