Nigerian billionaire Aliko Dangote reportedly threatened to abandon his acquisition of a 24.76% stake in Kenya Pipeline Company after state backed pension funds demanded a higher share price. Nigerian billionaire Aliko Dangote came close to abandoning a $327 million investment…
African producer and entrepreneur Oyinkansola Owoyemi will speak at the African Entrepreneurship & Business Summit (AEBS) 2026, where she will explore the business of African storytelling, intellectual property ownership and the global commercial potential of original African content. Oyinkansola Owoyemi,…
Namibia has appointed its first nuclear commissioner as the country takes steps towards exploring nuclear power as a potential source of electricity and strengthening its energy security. Prime Minister Elijah Ngurare appointed John Titus, a director in the Ministry of…
Nigeria’s Dangote Petroleum Refinery and Petrochemicals has extended its $1.6 billion initial public offering (IPO) by two weeks, giving investors more time to participate in a share sale designed to broaden ownership of one of Africa’s largest industrial assets. The…
Prime Minister Abiy Ahmed announced the development over the weekend, stating that the facility would process gold sourced from Ethiopia and neighbouring countries. The project aims to strengthen the country’s position in the gold value chain by bringing more refining…
Ethiopia has restricted participation in Dangote Petroleum Refinery and Petrochemicals’ $1.6 billion initial public offering (IPO) to qualified investors, excluding ordinary retail investors from the proposed share sale under the conditions outlined by the country’s capital markets regulator. The decision…
Africa’s richest man, Aliko Dangote, plans to open his Ethiopian fertiliser business to investors through a proposed stock market listing, potentially expanding African participation in the ownership of major industrial enterprises. The billionaire industrialist disclosed the plan at an investor…
Burkina Faso has acquired the Chinese made Sky Dragon 30 air defense system as the West African country continues efforts to strengthen its military capabilities and expand its access to modern defense technology. The system, manufactured by China North Industries…
Yibrah Tesfazghi, former President and CEO of GE Africa, will bring nearly four decades of global corporate leadership experience to the African Entrepreneurship & Business Summit (AEBS) 2026, where he will lead a Masterclass on building African businesses and leaders…
Russian President Vladimir Putin and South African President Cyril Ramaphosa held talks on the sidelines of the BRICS summit in India, reaffirming the importance of their bilateral relationship and identifying opportunities to deepen economic, educational and diplomatic cooperation. The meeting…