Business Africa Magazine – Page 2 – BUSINESS AFRICA MAGAZINE

DANGOTE INDUSTRIES CRISES COMPOUNDED BY NEGATIVE FITCH RATING

In a shocking move, Fitch Ratings has downgraded Dangote Industries Limited’s (DIL) credit rating to B+ and placed it on ratings watch negative, citing concerns about its liquidity and...

"I WANT MY OWN SHOE LINE" WORLDS FASTEST MAN TELLS ADIDAS

NOah Lyles The newly crowned world’s fastest man, made history on Sunday by winning the 100-meter sprint at the Paris 2024 Olympics. This victory marks a milestone in...

Amazon Accelerates Electric Vehicle Revolution. Aims to fully electrify its 100,000+ delivery van fleet by 2030

Amazon has reached a remarkable milestone in its electric vehicle (EV) initiative, deploying 15,000 EVs since co-founding The Climate Pledge in 2019. The company has accelerated its timeline to...

Nigeria Unveils Radical Plan to Stabilize Fuel Prices Amid Chronic Shortages

Nigeria, Africa’s largest oil producer, has struggled with fuel shortages and price volatility for decades. The country’s refining capacity has been crippled by years of underinvestment, corruption, and mismanagement,...

DANGOTE -SINO TRUCK PARTNERSHIP SET TO ASSEMBLE 13,000 TRUCKS ANNUALLY

In a significant move to boost Nigeria’s industrialization and economic development, Dangote Sinotruk West Africa Limited has announced plans to expand its production capacity to 13,000 trucks annually....

Angolan Cabinda Refinery Set To Commence production

Located in the oil-rich province of Cabinda, Angola, the new Cabinda crude oil refinery is poised to transform the country’s energy landscape. With a price tag of $473 million...

NIGERIAN GOVERNMENT DEMANDS DANGOTE REFINERY'S DIESEL REPORT AMID QUALITY DISPUTE

The Federal Government of Nigeria, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has requested a fresh report from Dangote refinery to confirm the sulphur content of...

JC BROOKS, FORMER BBC AFRICAN CORRESPONDENT, LAID TO REST

In a sorrowful and reflective ceremony, the remains of the late veteran journalist Joel Chulo Brooks were laid to rest on July 20, 2024, at his family cemetery in...

Vedanta Resources Ltd. Pays $246m To Regain Control of Zambia's Konkola Copper Mines

In a landmark resolution, Vedanta Resources Ltd. has reasserted its dominance over Zambia’s Konkola Copper Mines (KCM) following a protracted five-year conflict. The pivotal moment came with a substantial...

African Development Bank Approves $46.2m Grant for South Sudan's Agricultural Transformation

In a significant move to bolster South Sudan’s agricultural sector, the African Development Bank Group has approved a $46.2 million grant. This funding will support the first phase of...