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Economy & Business
Moroccan billionaire Anas Sefrioui shifts millions into Africa with major Gabon cement expansion
Moroccan billionaire Anas Sefrioui is expanding his industrial footprint in Gabon with a $45 million investment through CIMAF, reinforcing a growing shift toward African-led manufacturing and infrastructure development.
The move comes as…
Elohor Ebieroma builds digital marketplace to transform Africa’s agriculture
Elohor Ebieroma, a former executive at Jumia and M-KOPA, is building an agri-tech marketplace designed to improve trust, transparency, and efficiency across Africa’s agricultural value chains.
As Co-Founder and Chief Product Officer of…
Richemont Overtakes Walmart in North America Jewellery Market as Luxury Demand Surges
Johann Rupert’s Richemont has overtaken Walmart to become North America’s second-largest jewellery and watch retailer by sales, marking a major shift in the region’s retail landscape. The development highlights the growing dominance of…
Nigeria Could Become World’s 5th Richest Economy as West Africa Eyes Global Shift
Nigeria could emerge as the world’s fifth richest and most powerful country within the next 50 years, according to projections from the Economic Community of West African States Commission. The forecast was presented by Dr Kalilou Sylla,…
Egypt’s Mohamed Salah Stands Alone on Forbes 2026 Highest-Paid Athletes List as Africa’s…
Egypt’s Mohamed Salah has emerged as the only African athlete to secure a place on the 2026 Forbes list of the world’s highest-paid athletes, ranking 47th with estimated earnings of 55 million dollars. His inclusion highlights a broader gap…
Burkina Faso Tightens Control Over $7 Billion Gold Industry as Foreign Firms Lose Ground
Burkina Faso is tightening its grip on one of Africa’s most valuable industries as the military-led government moves to reduce foreign dominance in the country’s gold sector. The West African nation, a leading gold producer on the…
Morocco’s Diaspora Remittances Hit $12.4 Billion as African Economies Navigate Opportunity and…
Morocco continues to benefit from strong financial inflows from its global diaspora, with remittances exceeding $12.4 billion by the end of 2025, according to data from the Exchange Office.
The figures highlight the growing importance of…
Royal Air Maroc Expands U.S. Flights Ahead of 2026 World Cup as Demand from Moroccan Fans Surges
Royal Air Maroc is ramping up its transatlantic operations ahead of the 2026 FIFA World Cup, adding 32 special flights to transport Moroccan supporters traveling to the United States for the tournament’s group stage.
The airline said the…
Femi Otedola’s Memoir Shortlisted for Major African Business Book Award
Nigerian billionaire Femi Otedola is drawing renewed international attention after his memoir, Making It Big: Lessons from a Life in Business, was shortlisted for the 2026 BCA African Business Book of the Year award.
The nomination places…
Zambia Expands Mining Strategy With New Gold Joint Venture to Diversify Beyond Copper
Zambia’s state-backed investment firm ZCCM Investments Holdings has launched a new gold-focused joint venture as part of efforts to expand the country’s mining sector beyond copper.
The initiative marks a strategic shift for Africa’s…