Africa Business News
Pan-African business and economic news - trade, investment, markets and the deals shaping growth across the continent.
Globeleq and LHPC Commission Zambia's First Solar Hydro Hybrid Facility to Combat Drought and Bolster Grid Reliability
Globeleq and Lunsemfwa Hydro Power Company Limited have commissioned Zambia's first solar hydro hybrid power plant in Central Province. The innovative facility integrates a 27 MWp solar photovoltaic plant with existing hydropower operations to improve electricity supply reliability and mitigate climate risks.
By SHAHID YAKUB
Seychelles and Kenya Airways Partner to Capture North American Tourism Market Through Twin-Centre Packages
Seychelles and Kenya Airways are launching a collaborative promotional campaign to attract North American travelers with combined safari and beach vacation packages. The initiative leverages direct aviation links and shifts in global travel routes to boost visitor arrivals for both destinations.
By SHAHID YAKUB
Adnoc Distribution Secures Empowerment Partner for Shell South Africa Acquisition
Adnoc Distribution has signed a definitive agreement with South African investment group Reatile Group for a minority stake in Shell Downstream South Africa. The partnership aligns the broader acquisition with national economic participation frameworks and local growth priorities.
By SHAHID YAKUB
Wildcat Gold Elevates Dr Diallo to Executive Director to Fast-Track Processing Facility
Wildcat Gold plc has promoted Dr Diallo from technical advisor to Executive Director to drive the commissioning of its first gold processing plant. The leadership change leverages his extensive African mining expertise to accelerate operational targets amid rising gold markets.
By SHAHID YAKUB
Public Investment Corporation and British International Investment Forge Continental Capital Alliance
Africa's largest asset manager has joined forces with the world's oldest development finance institution to co-invest and pool resources across regional markets. The partnership unites deep capital availability with extensive continental origination capacity.
By SHAHID YAKUBWSO2 Establishes Johannesburg Hub to Capitalize on African Enterprise Modernization
Enterprise digital infrastructure provider WSO2 has opened its first Africa-based office in Johannesburg, South Africa, establishing a permanent regional hub to support surging demand for system upgrades and artificial intelligence integration. The expansion follows a 30 percent year-on-year revenue increase across the continent as public and private sector clients accelerate digital transformation.
By SHAHID YAKUB
Ahmed Farah Advances Regional Trade Integration Agenda at East African Business Council
Ahmed Farah leads strategic trade facilitation and regional integration initiatives as Executive Director of the East African Business Council. His extensive background spans leadership roles at TradeMark Africa, the Kenya National Chamber of Commerce and Industry, and the National Investment Council.
By SHAHID YAKUB
DP World and WFP Deliver 5,000 Tonnes of Rice to East Africa
DP World and the United Nations World Food Programme have successfully delivered 5,000 metric tonnes of rice to support humanitarian operations across Burundi, the Democratic Republic of Congo, and Rwanda. This joint operation highlights the growing operational role of private sector logistics in strengthening supply chain efficiency for vulnerable regions.
By SHAHID YAKUBUnited Bank for Africa Restructures Board as Industry Veteran Ibrahim Puri Returns
United Bank for Africa Plc has announced the appointment of Ibrahim Ajimasu Puri as a Non-Executive Director following formal disclosure to the Nigerian Exchange Limited. The strategic board addition arrives alongside leadership succession preparations as the major financial institution navigates recent earnings adjustments.
By SHAHID YAKUB
NACCIMA Secures EUR 200 Million European Capital Pool to Revive Nigeria-Germany Trade Corridor
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture has launched a strategic initiative to revive the Germany-Nigeria industrial corridor using a EUR 200 million fund. The move signals a decisive shift toward long-term European patient capital to stabilize foreign exchange reserves and drive sustainable infrastructure development.
By SHAHID YAKUB
South Africa and Zimbabwe Advance Strategic Trade, Infrastructure, and Industrialisation Initiatives
South Africa and Zimbabwe have concluded the Ministerial Segment of the Fourth Session of the Bi-National Commission in Pretoria, identifying critical infrastructure and industrial projects. The talks emphasize implementation, border efficiency, and regional integration across the Southern African Development Community.
By SHAHID YAKUB