Oluebube Elechi

JOHANNESBERG, June 2 – Africa’s Largest Electric mobility company Spiro has raised $215 million in new equity funding to support the expansion …

JOHANNESBERG, June 2 – The European Union has launched its first investment roadshow in South Africa, bringing together around 200 companies seeking …

LAGOS, June 2 – Nigeria’s banking sector has recorded a rise in non-performing loans (NPLs), with the ratio climbing to 8.03% in …

JOHANNESBERG, June 1 – Diamond producer Petra Diamonds has announced plans to reduce its workforce and place its Finsch mine in South …

LUSAKA, June 1 – Zambia has launched an offer to buy back part of its $1.36 billion bond due in 2053, as …

ABUJA, June 1 – Prices of Liquefied Petroleum Gas (LPG), commonly used for cooking, have continued to rise across Nigeria even as …

LAGOS, May 29 – Nigeria’s electricity generation dropped by nearly 20% on Thursday, adding to concerns over the country’s unstable power supply …

JOHANNESBERG, May 29 – South Africa’s Transnet has signed a 25-year terminal operator agreement with Ukwanda LNG to develop a liquefied natural …

JOHANNESBERG, May 28 – South Africa’s central bank is widely expected to raise interest rates for the first time since 2023 as …

KINSHASA, May 28 – Moody’s Ratings has revised the Republic of Congo’s outlook to “positive” from “stable,” pointing to easing short term …