Africa economic development Archives

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

Shell is in talks to sell about 600 South African fuel outlets to UAE's ADNOC in a $1 billion deal, ending a century-long presence.

Omokolade Ajayi April 15, 2026

Business Hot News

Nigeria-Morocco $25 billion gas pipeline nears deal as 13 nations join

Africa’s 6,900-km Nigeria-Morocco gas pipeline nears agreement, boosting supply, power growth and exports to Europe.

Omokolade Ajayi April 15, 2026

Business Hot News

Kenya’s biggest opposition leader, Raila Odinga family shifts Be Energy stake offshore

Odinga family shifts 35% Be Energy stake offshore to BVI entity, signaling ownership restructuring and regional investment strategy shift.

Feyisayo Ajayi April 14, 2026

Mobica plans $20 million Egypt auto investment as local rules reshape supply chains

Business Technology

Mobica targets $20 million investment as Egypt’s auto manufacturing expands

Egypt’s effort to build a stronger domestic auto industry is moving beyond policy statements as new private investment begins to flow into local supply chains. The government has been working to reduce reliance on imported vehicle parts while encouraging manufacturers to produce more components inside the country. The shift is becoming more visible as companies start to adjust their long-term…

Oluwatosin Alao April 14, 2026

Business Global News Hot News

IFC weighs $30 million trade finance backing for Nitron to boost global fertilizer flows

IFC weighs $30 million backing for Nitron trade facility to boost fertilizer supply chains, food security, and agricultural resilience.

Feyisayo Ajayi April 14, 2026

Tag: Africa economic development

Why African tycoons are increasingly investing in logistics and ports

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

Nigeria-Morocco $25 billion gas pipeline nears deal as 13 nations join

Kenya’s biggest opposition leader, Raila Odinga family shifts Be Energy stake offshore

Mobica targets $20 million investment as Egypt’s auto manufacturing expands

IFC weighs $30 million trade finance backing for Nitron to boost global fertilizer flows

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

Nigeria-Morocco $25 billion gas pipeline nears deal as 13 nations join

Kenya’s biggest opposition leader, Raila Odinga family shifts Be Energy stake offshore

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

Nigeria-Morocco $25 billion gas pipeline nears deal as 13 nations join

Kenya’s biggest opposition leader, Raila Odinga family shifts Be Energy stake offshore

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