investment

Volkswagen is making a significant investment in its South African manufacturing operations, injecting $210 million into its Eastern Cape plant. This move will prepare the facility for the production of …

Nigeria announced plans to cut electricity subsidies for a portion of consumers, aiming to reduce pressure on government finances. This decision follows a series of economic reforms undertaken by the …

Egypt has initiated the process of clearing its outstanding debts to petroleum companies, signaling a positive shift in its economic landscape. The move comes as part of the government’s efforts …

Qatar and Nigeria have agreed to enhance their cooperation and partnership in various fields, including education, mining, tourism, and sports. The two countries signed seven agreements on Sunday during the …

Angola, one of Africa’s largest oil producers, has announced its departure from the Organization of the Petroleum Exporting Countries (OPEC) after a dispute over its output quota. The move could …

Nigeria, Africa’s largest economy, is facing a wave of corporate exits as several multinational companies have announced plans to leave the country or scale back their operations in the second …

Africa is attracting renewed attention from major powers and investors as a fast-growing continent with enormous potential for renewable energy, trade, and development. The G20 Compact with Africa (CwA) conference, …

South Africa’s largest mobile operator, MTN Group Ltd., has boosted its network availability to 95% in its home market despite facing challenges such as power outages, vandalism and a sluggish …

Bolt, a leading ride-hailing company, has reaffirmed its commitment to the Kenyan market and its compliance with the regulations despite facing a possible suspension of its operations by the end …

The Gambia, a small West African nation, plans to launch its first stock exchange to diversify its financial sector and provide more business funding options. The country’s economy has been …