TikTok Plans U.S. Shutdown Ahead of Potential Ban
TikTok is preparing to shut off its app for U.S. users on Sunday, as a federal ban could go into…
Category: Business
Engen Closes Three Petrol Stations in Kigali Over Wetland Concerns
Engen has permanently closed three of its petrol stations in Kigali—Engen Gitikinyoni 1, Engen Gitikinyoni 2, and Engen Poids Lourds—effective…
Chinese Companies Expand in Africa’s Booming Cement Market
Africa’s cement market is experiencing a surge, fueled by rapid urbanization, expanding infrastructure projects, and rising construction activity. The boom…
Senegal and Mauritania Begin Gas Production from Joint Field
Senegal and neighboring Mauritania have officially launched gas production from the Grand Tortue Ahmeyim (GTA) field, which straddles the maritime…
Nigeria to Launch National Credit Guarantee Company in May 2025
Nigeria will establish a National Credit Guarantee Company in May 2025 to improve access to credit for businesses and individuals,…
Eskom Reports R55 Billion Loss, Expects Profit by 2025
South Africa’s state-owned utility, Eskom, posted a massive R55 billion ($3 billion) loss for the fiscal year ending March 2023,…
DRC Files Criminal Case Against Apple Over Alleged Use of Conflict Minerals
The Democratic Republic of Congo (DRC) has filed a criminal case against Apple Inc. over allegations the tech giant used…
IMF Approves $182 Million in Support for Rwanda
The International Monetary Fund (IMF) has approved a new disbursement of $181.7 million to Rwanda following the completion of its…
African Development Bank Approves $108 Million Loan to Support Zambia’s Economic Reforms
The African Development Bank Group’s Board of Directors has approved a $108 million loan to Zambia to improve the country’s…
Cameroon Becomes First Foreign Buyer of Dangote Petroleum
Cameroon has become the first foreign buyer of refined petroleum from the Dangote Refinery in Nigeria. The first shipment, totaling…