Sunday, July 19, 2026

News

Libya Declares 195 Million-Barrel Oil Discovery Commercially Viable

Libya has declared Austrian energy company OMV's Essar oil discovery commercially viable, marking another step in the country's drive to revive its oil sector...

Canva Founders Commit $150 Million to Malawi Cash Transfer Programme

Canva founders Melanie Perkins and Cliff Obrecht have committed $150 million to expand an ambitious cash transfer programme in Malawi, backing what is now...
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Ethiopian Airlines Nears Order for Up to 50 New Aircraft

Africa’s largest airline, Ethiopian Airlines Group, is in the final stages of deciding on a major order for up...

Kenya’s Car Market Shifts as Local Vehicle Assembly Gains Momentum

For decades, the roads in Kenya have been dominated by imported second-hand vehicles, particularly from Japan. Today, however, the...

Afreximbank Officially Launches $1 Billion Pan-African Film Fund

Africa's creative economy has received one of its biggest financial commitments to date after the African Export-Import Bank (Afreximbank)...

Tanzania’s Richest Man Eyes $100 Million Stake in Dangote’s Kenya Refinery

Mohammed Dewji, Tanzania's richest businessman, has announced plans to invest $100 million in Nigerian billionaire Aliko Dangote's proposed oil...

Burkina Faso Secures $300 Million for Largest-Ever Power Plant

Burkina Faso has secured $300 million to build what will become the country's largest power plant, marking a significant...

Mnangagwa Signs Law Extending His Rule to 2030 as Zimbabwe Ends Direct Presidential Elections

Zimbabwe has entered a new political era after President Emmerson Mnangagwa signed into law sweeping constitutional amendments that extend...