Moove, the Lagos-founded mobility company positioning itself as an operating platform for autonomous transportation, has raised $250 million in a Series C funding round that values the business at $2.1 billion.
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Africa’s richest man, Aliko Dangote, says his organization is getting closer to breaking ground on the planned oil refinery in Kenya, indicating that the long-awaited project might soon move from planning to building.
Africa’s largest stock exchange is positioning itself to host a secondary listing of Dangote Petroleum Refinery, as interest grows across the continent ahead of what could become one of Africa’s biggest initial public offerings.
Despite not being home to any of Africa’s five largest economies, East Africa has proven itself to be one of its most exciting economic hubs.
When British explorer Hugh Clapperton reached Lake Chad in 1823, he encountered one of Africa’s largest inland lakes, but two centuries later, it has lost about 90% of its surface area, putting millions of livelihoods at risk and prompting renewed calls for a $50 billion plan to redirect water from the Congo River Basin.
Yesterday, Boeing published its half-year financial update showing a record backlog growing to $715 billion, or around $33 billion more than the $682 billion backlog this time last year.
Airtel Africa has finally settled on where it wants to take one of Africa’s biggest fintech businesses public. The bigger question is whether that market can still deliver what the company is looking for.
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The United States is providing its first federal backing for a green energy project in Western Sahara, supporting a proposed $4.5 billion green ammonia facility in the disputed Moroccan-controlled territory.
