HOF Capital, a fund co-founded by Onsi Sawiris of Egypt’s billionaire Sawiris family, and BlueFive Capital are in talks to acquire Porsche AG’s stake in the company that owns the Bugatti supercar brand. HOF Capital and BlueFive Capital are reportedly negotiating a joint acquisition of Porsche’s share in Bugatti Rimac. Discussions also include acquiring Porsche’s…
The African economy is powered by large commercial centers. They serve as entry points for trade, investment, and innovation by concentrating resources, talent, infrastructure, and opportunity. Large commercial hubs in Africa are pivotal to the continent’s trade and innovation development. Safety perceptions significantly influence urban economic competitiveness and international reputation. Insecurity leads to increased operational…
UK-listed Europa Oil & Gas has moved closer to drilling a large shallow-water gas prospect off Equatorial Guinea after sealing a farm-in agreement with a Chinese investor, strengthening momentum behind one of its most promising African assets. UK-listed Europa Oil & Gas has secured a Chinese partner for its high-impact EG-08 gas block offshore Equatorial…
Africa experienced the highest global tourism growth rate in early 2025, with North Africa and Sub-Saharan Africa showing notable increases. A ranking by Insider Monkey highlights ten African nations poised to dominate the global tourism market, driven by natural beauty, cultural depth, wildlife, and improving infrastructure. Africa experienced the highest global tourism growth rate in…
Long coasts, key sea lanes, and a strong reliance on maritime trade make naval might an essential component of national security and economic stability for many African countries. Maritime security is vital for African nations due to their high reliance on sea trade. Many countries face challenges with outdated or insufficient naval capabilities. Inadequate naval…
Israel on Friday became the first country to formally recognise Somaliland as a sovereign state, triggering a wave of condemnation from countries across Africa and the Middle East. Israel has formally recognised Somaliland as an independent state, making it the first nation to do so. This recognition has sparked widespread opposition from countries in Africa,…
Indonesia’s trade relationship with Egypt reached a new high in 2025, with Indonesian exports to the North African country valued at $1.59 billion in the first 10 months of the year, according to data from Statistics Indonesia. Indonesia’s exports to Egypt hit a record $1.59 billion in the first ten months of 2025. The milestone…
Axis International Ltd has filed a $28.9 billion arbitration claim against Guinea at a World Bank tribunal after the West African country revoked its permit to operate a bauxite mine earlier this year, the United Arab Emirates-based company said. Axis International Ltd has filed a $28.9 billion arbitration claim against Guinea due to the revocation…
Nigerian billionaire Femi Otedola has sold his controlling stake in Geregu Power Plc, one of Nigeria’s key electricity producers, in a $750 million deal. The transaction concludes a 12-year investment journey and signifies a massive profit of $618 million for Otedola. Femi Otedola finalized a $750 million divestment from Geregu Power Plc, marking a significant…
