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BUA Foods Plc has announced impressive financial results for the first half of 2025, reporting significant growth in revenue, profit, and operational performance. The company posted ₦912.5 billion in revenue (approx. $613 million), marking a 36% increase from ₦672.4 billion in H1 2024. In a filing with the Nigerian Exchange Group (NGX), BUA Foods also…
The Democratic Republic of Congo (DRC) has signed a high-profile sponsorship agreement with Spanish football club FC Barcelona worth over €40 million ($46.4 million), in a bold move to boost its international tourism appeal. The four-year deal, which began in late June, will see the slogan “The Heart of Africa” displayed on the training and…
Namibia has officially launched its participation in the African Continental Free Trade Area (AfCFTA) with the shipment of 45,000 tonnes of salt to Nigeria, marking a historic milestone in the continent’s efforts to build a unified African market. The shipment, produced by Walvis Bay Salt Holdings, departed from Namibia’s main port city of Walvis Bay…
Milk is more than just a dietary staple—it’s a global industry worth hundreds of billions of dollars. In 2025, worldwide milk production continues to surge, driven by population growth, rising incomes, and increasing demand for dairy products. According to the latest data, these are the Top 10 Milk-Producing Countries in 2025, measured by annual production…
Africa is on track to end its dependence on fertiliser imports within just 40 months, according to Nigerian billionaire and industrialist Aliko Dangote. Speaking at the Afreximbank Annual Meeting in Abuja on Friday, Dangote outlined an ambitious expansion plan for his $2.5 billion fertiliser plant located outside Lagos. “In the next 40 months, Africa will…
In a bold move signaling Ethiopia’s ongoing shift toward market-driven reforms, the government is proposing a landmark change that would allow foreign nationals and companies to own property in the country for the first time in decades. The reform, which still requires parliamentary approval, is part of Prime Minister Abiy Ahmed’s broader economic liberalization agenda…
ABIDJAN, April 17, 2025 — African Development Bank (AfDB) President Dr. Akinwumi Adesina has issued a strong call to action, urging African nations to stop exporting raw materials and instead build economies that thrive on value-added production. According to Adesina, this shift is critical for breaking the continent’s cycle of poverty and underdevelopment. In a…
In 2015, Apple launched an aggressive campaign to crush Spotify, leveraging its control over the App Store to create unfair advantages for its own music streaming service, Apple Music. But instead of backing down, Spotify fought back with a bold and strategic counterattack that not only ensured its survival but also cemented its position as…
Aliko Dangote, Africa’s richest man, has reclaimed his position among the world’s top 100 billionaires following a massive surge in his net worth. According to Forbes’ real-time ranking of billionaires, Dangote’s wealth climbed to approximately $23.9 billion from $13.4 billion last year—an increase of $10.5 billion (78.4 percent). The remarkable growth was driven by the…
Dangote Peugeot Automobiles Nigeria Limited (DPAN), the official manufacturer and marketer of Peugeot vehicles in Nigeria, has launched the GT model of the Peugeot 3008 SUV at its state-of-the-art assembly plant in Kaduna. This move is a significant milestone in Nigeria’s automotive sector, reinforcing DPAN’s commitment to boosting local vehicle production and reducing the country’s…