Prime Highlights: Kieran Whyte joins Pinsent Masons South Africa as a partner, bringing over 40 years of experience in energy, mining, and infrastructure. His appointment strengthens the firm’s capabilities across…
Prime Highlight Woolworths expects half-year headline earnings to grow 7–12%, driven by strong Black Friday and Christmas sales. Robust demand across premium food, clothing, beauty, and home products contributed to positive…
Prime Highlights Leading African minigrid CEOs released a 17-step action plan calling for faster delivery and stronger coordination to meet the continent’s electrification targets. The plan supports Mission 300, aiming to provide…
Prime Highlight Kanona Power plans to invest $100 million in a high-voltage transmission line connecting Zambia and Tanzania to strengthen the electricity supply. The project aims to support Zambia’s copper mining…
Prime Highlight Kenya is set to raise 106.3 billion shillings ($824.1 million) through the IPO of Kenya Pipeline Company, the country’s first public offering in over a decade. The move…
Prime Highlight South Africa’s Cullinan Mine has uncovered a rare 41.82-carat blue diamond, reinforcing its status as one of the world’s most important diamond sources. The exceptional find is expected to…
Prime Highlight Caledonia Mining plans to invest $132 million to develop the Bilboes gold project, set to become Zimbabwe’s largest gold mine. The project is expected to produce its first gold in…
Prime Highlight Hashgraph Ventures committed $1 million to the Hedera Africa Hackathon, supporting Web3 and AI-driven innovation across the continent. The initiative aims to empower developers with funding, mentorship, and global network access to…
Prime Highlights: South Africa introduces Siyanda, the first travel planning tool in Africa, helping travelers explore the country easily. The tool also supports travel advisors, allowing them to give better advice and…
Prime Highlight Uganda and Tanzania plan to export crude oil through EACOP by October 2026, a major step for East Africa in global energy markets. The pipeline is expected to…
Prime Highlight Ghana has brought the new J-74 well online at the Jubilee offshore field, pushing the country closer to becoming a regional oil hub in West Africa. The production…
Prime Highlights: Solar energy in South Africa has grown rapidly, now making up about 10% of the country’s electricity, with businesses and households investing in rooftop panels and batteries. Companies…
Prime Highlights South Africa’s successful hosting of the G20 Summit has inspired local entrepreneurs to expand beyond domestic markets. Experts say the event opens major growth opportunities for SMEs across Africa, especially in…
Prime Highlights: Morocco has launched a new support framework to strengthen very small, small, and medium enterprises, with a clear focus on boosting investment and creating jobs nationwide. The initiative places special emphasis…
Prime Highlight MMC 7.0 in Lagos brought together entrepreneurs, investors, and policymakers to strengthen fair trade and industrial growth across Africa. The summit featured panels, networking, and contests like Pitch2Scale…
Prime Highlights: AFREXIMBANK is securing land in Cameroon to build a modern regional headquarters and a reference medical centre. The projects aim to boost financial services, healthcare, and regional development, creating…
Prime Highlights Heirs Energy has secured a $750 million financing facility from Afreximbank, one of the largest Africa-backed energy deals completed this year. The funding will help expand oil and…
Prime Highlights: Tanzania is strengthening its energy infrastructure to support industrial growth and attract both local and foreign investment. The country is using natural gas, renewable energy, and regional cooperation…
Prime Highlights: Royal Air Maroc will start the first-ever nonstop flight connecting Los Angeles and Casablanca, cutting travel time to 11 hours. The new route strengthens tourism, business, and cultural ties between…
Prime Highlights: Abdul Samad Rabiu gifted $20.7 million to 1,768 long-serving employees of BUA Group, rewarding loyalty across all levels of the company. Earlier in 2025, BUA Group also gave employees a 50%…
Prime Highlights: The first-ever G20 Summit on African soil is driving action to expand energy access across the continent. Programs like REIPPPP and direct power purchase agreements are boosting investor…
Prime Highlights: Morocco will open Nador West Med in 2026 and the Dakhla Atlantic port in 2028, strengthening its position as a major African and Mediterranean trade hub. The ports…
Prime Highlights: Africa is emerging as a major hub for solar energy, with growth driven by affordable costs and strong agricultural demand. The Africa Solar Facility and other initiatives are…
Prime Highlight: Vodacom will increase its ownership in Safaricom to 54.9% by acquiring stakes from the Kenyan government and Vodafone. The deal aims to strengthen Vodacom’s mobile payments, digital wallets,…
Prime Highlights SwiftVEE secured $10.1 million in Series A funding to expand beyond livestock auctions into financial services like credit and insurance. The startup aims to close long-standing financing gaps…
Prime Highlights: Gulf nations are rapidly expanding their footprint in Africa by investing heavily in renewable energy and critical mineral projects. Qatar’s $500 million investment in Ivanhoe Mines marks a…
Prime Highlight Moroccan startup iAvicenne secured first place at the QABF 2025 Startup Competition, earning a $40,000 prize. The company’s medical superintelligence platform is gaining recognition for easing doctors’ cognitive…
Prime Highlight Pepkor received regulatory approval to enter the banking sector, planning to launch a new venture, potentially named “Pep Bank,” in partnership with Investec. The move strengthens Pepkor’s mission…
Prime Highlights: The UAE announces a $6 billion investment plan to boost Africa’s tourism and hospitality sector. The investment is expected to create 70,000 new jobs and open opportunities for…
Prime Highlights Morocco has introduced a $7.8 billion plan to modernize public transport and advance clean mobility, aiming to cut emissions and improve travel in both urban and rural areas…
Prime Highlight Lesaka Technologies is set to acquire app-only bank Bank Zero, with the Competition Commission recommending approval without conditions. The acquisition is seen as transformative, integrating a trusted neobank into Lesaka’s fintech platform to enhance digital banking offerings. …
Prime Highlights: L’Oréal opens its first dedicated ‘shop-in-shop’ in Africa, introducing a premium beauty experience in Abuja. The store features luxury and dermatology brands, including La Roche-Posay, Vichy, and CeraVe, for the first…
Prime Highlight Google and Cassava Technologies collaborate to make AI more affordable and accessible in Africa, removing barriers like high data costs and limited access to advanced tools. The initiative…
Prime Highlights: South Africa pushes for climate finance reforms tailored to African development at COP30. Renewable energy is growing, with plans to double capacity, cut coal use, and attract $126.8…
Prime Highlight: Libya’s National Oil Corporation (NOC) and its subsidiary ACOGO announced a significant oil and gas discovery in the Ghadames Basin, signaling renewed foreign interest in the country’s energy…
Prime Highlights: Pepkor strengthens its retail footprint by acquiring 469 stores from Retailability for R1.7 billion, bringing its total store count across Southern Africa to over 1,000. The acquisition supports…
The Nigerian government has so far set aside N22.89 billion to 29 manufacturing businesses through the Bank of Industry (BOI) as part of the N75 billion Manufacturing Sector Intervention Fund,…
Manufacturing activity in Nigeria's economy, measured by the confidence of its manufacturers, fell in the third quarter of 2024, losing 1.7 points. The Manufacturers Association of Nigeria said aggregate Manufacturers…
The most prominent British lifestyle brands, Timothy Oulton, has finally marked its entry into the Nigerian market with the opening of its flagship gallery in Victoria Island, Lagos. This is…
The proposed Nigerian budget for 2025 at N47.9 trillion is the new high in nominal terms, while in dollar terms, it marks the lowest point since 2018, according to the…
South Africa's Pay-TV operator Multichoice Group has taken a write-off of N31.6 billion, about $21 million in deposits held with the recently liquidated Heritage Bank of Nigeria. The financial adjustment…
The first trade shipment of Nigeria’s hair products to Kenya, which is under the African Continental Free Trade Area (AfCFTA) came as a success for Nigeria. This was done by…
Nigeria's foreign reserves have risen to $40.2 billion, up from $38.4 billion in the previous month, said Central Bank of Nigeria Governor Olayemi Cardoso speaking at an investor meeting in…
The development finance institution for the UK government today announced that it has entered into a $25 million risk-sharing facility with Ecobank Sierra Leone. This deal-the facility is to step…
Winich Farms, a Nigerian Ag-tech start-up that streamlines the supply chain for agriculture produce into efficient movements, has raised $3 million in pre-series A funding. The capital will be used…
Deputy Senate Minority Leader, Dr. Lere Oyewumi, has called on women and youth of the Osun West Senatorial District to embrace entrepreneurship, which will afford them financial independence. Speaking on…
The Labadi Beach Hotel, the iconic five-star facility, demonstrated its commitment to excellence at its third consecutive victory as the best hospitality facility for 2023 at the CIMG awards. This…
The Federal Government of Nigeria has announced a significant 30% growth in the financial sector for the first half of 2024. This positive development was highlighted by Wale Edun, the…
During President Bola Tinubu’s official visit to Beijing, Nigeria and China signed several Memoranda of Understanding (MoUs) to enhance bilateral cooperation in various sectors. The agreements were finalized on Tuesday…
The International Monetary Fund (IMF) has forecasted that Nigeria’s Gross Domestic Product (GDP) could experience a significant increase to five percent, contingent upon a reduction in governance and business regulation…
On August 16th, 2024, the town of Naivasha, Kenya, hosted a major gathering of over 400 entrepreneurs and business leaders from Africa and beyond at the BNI Convention organized by…
TikTok Live selling has transformed the way users showcase and sell their products by allowing them to interact with potential buyers in real-time and complete transactions instantly during live sessions.…
Jason Quinn, the newly appointed CEO of Nedbank Group, expressed cautious optimism about South Africa's economic prospects in the latter half of 2024 and beyond, driven by the emergence of…
KoBold Metals is a startup which is backed up by billionaires Bill Gates and Jeff Bezos is bullish on the discovery potential of some of the most sought-after energy transition…
CarePay International has announced the appointment of Rita Okuthe to the Supervisory Board, highlighting the company’s commitment to incorporating Kenyan leadership and expertise in its strategic decisions. Additionally, Pieter Prickaerts,…
The Federal Government has announced plans to disburse N5 billion to empower at least 5,000 members of the National Youth Service Corps (NYSC) for entrepreneurial ventures upon completing their service…
The International Air Transport Association (IATA) has urged African governments to use the expanding aviation industry to boost economic and social development. Recently, IATA announced that African airlines are projected…