Spanish banking group CaixaBank is preparing to leave Angola after its Portuguese subsidiary agreed to sell a one-third interest in one of the country’s biggest banks for at least $452 million.
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Air France-KLM and Lufthansa have been asked to improve their bids for a major interest in TAP Air Portugal, intensifying the contest for an airline operating approximately 80 weekly flights to Africa.
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Angola is offering investors shares worth as much as $261 million in Standard Bank de Angola, turning part of a stake seized from a former insurance tycoon into publicly traded stock.
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The North African country of Algeria has, this year, expanded its military arsenal from Russia, strengthening a defence pact with Moscow centered around the Kremlin’s supply of fighter jets.
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The recent migration crisis that affected the Spanish enclaves of Ceuta and Melilla seems not to have affected the Schengen Visa, Europe’s most important travel document.
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Read full article on Business Insider Africa → https://urly.ing/Pqz5oYAZ?ext=1
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China’s biggest steelmaker is considering buying up to a quarter of one of BHP’s largest Australian iron-ore mines, months after securing control of the company operating half of Guinea’s Simandou project.
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Read full article on Business Insider Africa → https://urly.ing/GBLTMCjV?ext=1
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Nigeria could at least double the investment flowing into its energy industry within five years as wars involving Iran and Ukraine force governments to search for more dependable suppliers, according to the head of the International Energy Agency.
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Read full article on Business Insider Africa → https://urly.ing/z7sZNCjq?ext=1
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Africa’s commercial aircraft fleet will more than double over the next two decades, creating demand for 1,165 new planes and 75,000 additional aviation workers, according to a new forecast from Boeing.
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Porsche executive Christiane Zorn will take charge of Volkswagen’s African business as the German carmaker confronts the rapid expansion of lower-priced Chinese brands in South Africa, its most important market and manufacturing base on the continent.
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A remote-controlled drone targeted a major fuel depot in the Libyan capital, Tripoli, weeks after a series of drone attacks destroyed a 4.5-million-litre petrol tank and threatened operations at the country’s largest functioning oil refinery.
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US travel executives have asked President Donald Trump to help attract 100 million international visitors annually, even as a visa-bond programme introduced by his administration makes travel considerably more expensive for applicants from 30 African countries.
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Burkina Faso’s gold industry is attracting fresh interest from Saudi investors after the West African country’s gold exports surged to roughly $10 billion in 2025, highlighting the growing economic importance of its mining sector.
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China has recently stepped in to support Egypt's water security after United States peace talks failed. This major development comes as Egypt and Ethiopia are locked in a tense argument over the Nile River, Africa's longest river. Cairo worries that Ethiopia’s giant new dam will take away its drinki...
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The Initial Public Offering (IPO) for the Dangote Refinery, a subject of significant interest within financial markets throughout the year, is scheduled to launch in the coming days.
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Read full article on Business Insider Africa → https://urly.ing/jRv5jvsH?ext=1
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