African business, finance, and economic stories covering the companies, deals, and leaders shaping the continent’s economic rise.
Satellite internet in Africa has become the most contested technology market on earth, and in 2026, there is a new player on the market. Amazon has secured an operating licence in Nigeria for Amazon Leo, its low-Earth orbit broadband service, placing it in direct competition with Elon Musk’s Starlink. At the same time, Meta and.
The Alliance of Sahel States, a defense pact and confederation formed by Burkina Faso, Mali, and Niger, recently sent one of its most direct messages yet to the President Donald Trump administration – we are open to doing business with you, but on our terms. Mali’s ambassador to the United States, Sékou Berthe, on March.
Zimbabwe lithium processing has reached a turning point. The government has banned raw ore exports, forced mining companies to refine the mineral on home soil, and positioned the country as one of the most important lithium producers outside Australia and Latin America. On paper, that is exactly the kind of industrial policy Africa has needed.
Canada’s Lucara Diamond has recovered a 36.92-carat blue diamond from stockpiled ore at its Karowe mine in Botswana, one of the rarest gemstone discoveries on the continent in years. Classified as a Type IIb diamond, the stone gets its blue colour from traces of boron, placing it among the most valuable gems on earth. What.
Nigeria and the UK have agreed to a £746 million ($990 million) export finance deal to redevelop the Lagos Port Complex and TinCan Island Port Complex, two ports that together handle more than 70 per cent of Nigeria’s cargo trade, Reuters reports. The deal was signed during President Bola Tinubu‘s state visit to Britain, and.
BUA Foods Plc, the consumer staples giant controlled by billionaire Abdul Samad Rabiu, posted a sharp rise in earnings for the year ended Dec. 31, 2025, as Nigerians’ demand for everyday food items pushed revenue higher despite inflationary pressure. The company’s unaudited financial statements show profit after tax of ₦507.7 billion (about $366.6 million), nearly.
OpenAI says it will remove GPT-4o and three other older models from ChatGPT on February 13, 2026, as it shifts more users to its newer GPT-5.2 experience. The change affects model options inside ChatGPT, not the company’s developer API. In its January 29 announcement, OpenAI said GPT-4o, GPT-4.1, GPT-4.1 mini, and OpenAI o4-mini will be.
Nigeria’s industrial goods counters had a strong 2025 on the Nigerian Stock Exchange, with the NGX Industrial Goods Index climbing 58.91% to finish as the market’s third-best performing sector. The index moved from 3,572.2 to 5,676.5, beating the NGX All-Share Index return of 51.19%. The sector’s hottest stretch was mid-year – July rose 34.28%, Q3.
PayPal has gone live in Nigeria through a new partnership with local fintech Paga, giving Nigerians a feature many have waited years for, which is the ability to receive international payments and access the money locally. Under the arrangement, users can link their PayPal accounts to their Paga wallets, receive funds through PayPal-supported markets, and.
Elon Musk has reignited the privacy fight around Meta-owned WhatsApp, posting on X that the messaging app “is not secure” and urging people to use X Chat instead. His comment followed fresh whistleblower-linked claims and a lawsuit that challenges WhatsApp’s long-running pitch that end-to-end encryption keeps messages private from the company itself. DON’T MISS THIS:.