1+ day, 23+ hour ago   (416+ words) American venture capitalist and bitcoin investor Tim Draper’s plan to sell his luxury resort investment in Tanzania for $7.9 million is attracting a wave of unusual offers, including gold mines, houses and cattle. The development comes weeks after Tanzania’s government clarified…...

5+ day, 6+ hour ago   (399+ words) Johann Rupert, the South African billionaire who has long kept a tight grip on luxury group Richemont, is finally giving investors a clearer picture of what comes next. The 76-year-old chairman has appointed his 39-year-old son, Anton Rupert, as non-executive…...

1+ week, 4+ hour ago   (357+ words) The cable-making company from China, Wuxi Xinhongye Wire & Cable Technology, recently relayed plans to form a joint venture in Morocco with French automotive supplier ACOME as part of its global growth strategy. The Chinese cable-maker intends to establish a wholly…...

1+ week, 4+ hour ago   (269+ words) South Africa’s agricultural exports hit a record $4.1 billion in the second quarter, up 10% from a year earlier, as stronger volumes and prices boosted shipments. South Africa’s agricultural exports rose 10% in the second quarter from a year earlier, reaching a record…...

1+ week, 18+ hour ago   (599+ words) Kenya is moving to end the export of raw minerals as East Africa’s largest economy pushes to process more of its natural resources locally, create jobs and retain a greater share of their value. President William Ruto said on September…...

1+ week, 2+ day ago   (371+ words) Only six African countries have been included in the 2026 IMD World Competitiveness Ranking, with South Africa reclaiming its position as the continent’s most competitive economy and Nigeria ranking near the bottom of the 70 economies assessed globally. IMD said its 2026 edition…...

1+ week, 4+ day ago   (619+ words) Barrick, which owns major shares in some of Africa’s largest gold and copper mines, has decided to hold off on taking its North American gold business public. The company, which was set to list its North American gold business by…...

1+ week, 5+ day ago   (354+ words) Continental Reinsurance Holdings Ltd. is looking to execute the first initial public offering on the Botswana Stock Exchange since 2017, as it seeks capital acquisition to facilitate its regional expansion. Approximately 20% of the 2.13 billion pula ($155 million) capital raised will be allocated…...

1+ week, 4+ day ago   (435+ words) Seychelles, a prominent African island nation recognized as Africa's richest nation is preparing to launch a financial initiative to revolutionize its public services. Finance Minister Pierre Laporte announced that the country aims to transfer approximately $2 billion into a brand-new sovereign…...

1+ week, 5+ day ago   (646+ words) Uber is pulling out of Nigeria and Uganda as the ride-hailing giant restructures its global operations, cuts about 3,300 jobs and shifts more investment toward autonomous vehicles and robotaxis. The company said it would discontinue operations in Nigeria and Uganda from…...