Africa markets

Shares in Dangote Petroleum Refinery and Petrochemicals officially went on sale on Monday as Africa's largest oil refinery launched what is expected to become the continent's biggest initial public offering (IPO). The offering marks a…

Egypt is accelerating the development of a $1 billion phosphate fertiliser complex in a strategic move to strengthen its position in the global fertiliser market as supply constraints and geopolitical disruptions reshape international…

Botswana's extraordinary 2,488.32 carat Motswedi diamond, the second largest gem quality rough diamond ever discovered, has finally been sold after spending nearly two years on the market, marking a significant milestone for one of Africa's…

Chinese state-owned construction companies have emerged as the dominant contenders for Ethiopia's landmark $12.5 billion Bishoftu International Airport, while no major independent U.S. contractor has secured a place on the main construction…

South Africa has secured Chinese backing for an ambitious R2.2 trillion ($122 billion) energy investment programme aimed at expanding electricity generation, modernising transmission infrastructure and rebuilding the country's manufacturing…

Leaders at the 29th St. Petersburg International Economic Forum said the balance of global economic power is increasingly shifting toward emerging markets, with Africa expected to play a major role in future growth. The discussions came as…

Foreign investors poured approximately $453 million into Saudi Arabia’s stock market in the second week after Riyadh opened its exchange to all categories of global investors — a move that could have wider implications for African capital…