Glencore Faces $2 Billion Lawsuit and $480 Million Loss
Commodities giant Glencore — roughly a tenth owned by South African billionaire Ivan Glasenberg — is facing a $2 billion lawsuit filed in Singapore, alongside a reported $480 million loss,…
African Bank Resets Leadership After Weak Results and Executive Exits
South Africa’s African Bank is undergoing a significant leadership reset following a difficult first half of the year and a string of executive departures. Former Group CEO Kennedy Bungane left…
World Bank Mobilises Record $112 Billion in Private Capital for Developing Economies
The World Bank Group says it mobilised a record $112 billion in private capital during fiscal year 2026, more than triple the $35 billion it recorded just four years earlier.…
TotalEnergies Commits $10 Billion to Angola After Fresh Oil Discovery
TotalEnergies has committed $10 billion to expanding its operations in Angola, following a new oil discovery that is expected to come online within roughly three months. The investment marks one…
First Bank Nigeria Spends ₦6bn Annually Fighting Cyber Threats
First Bank of Nigeria’s Chief Executive says the bank now spends approximately ₦6 billion every year defending against cyber threats, underscoring how seriously Nigerian banks are treating digital security as…
Europe’s Gas Ban Opens a Door for African Energy Producers
As the European Union moves to formally ban Russian LNG imports from 2026 and pipeline gas from 2027, African gas producers are being handed a rare strategic opening. Industry leaders…
Africa Emerging as Next Frontier for AI Data Centers
A growing number of analysts and U.S. officials now see Africa as one of the next major frontiers for AI infrastructure and data-centre development, as power constraints, grid congestion, and…
Can Africa’s Power Grids Handle the AI Data Centre Boom?
As global demand for AI infrastructure accelerates, a key question is emerging for Africa: can the continent’s power grids actually support the coming wave of data-centre investment? Unlike more mature…
Masdar signed a collaboration agreement with Azerbaijan Green Energy Company
In the presence of HH Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, and HE Ilham Aliyev, President of the Republic of Azerbaijan,…
Kenya, Ethiopia Test 1,600km Cross Border Electric Bus Route
Kenya and Ethiopia are testing whether electric buses can run across borders, with a 1,600km trip from Nairobi to Addis Ababa (Sept 10–18) checking if regional charging infrastructure can support…