MTN Full Control of IHS Towers in $2.2 Billion Deal MTN Group has agreed to complete its acquisition of IHS Towers, taking full ownership of the telecom infrastructure company through a 2.2 billion dollar deal to purchase the remaining 75 percent stake it does not already own. The transaction is part of a broader move...
Patrice Motsepe and the Rumour of an ANC Presidential Bid South African billionaire Patrice Motsepe has become the centre of political speculation after a new website associated with him appeared online, fuelling talk about a potential ANC presidential bid ahead of the party’s next leadership conference in 2027. The site, launched with little prior notice,...
Zimbabwe Rejects $350m US Health Deal Over Sovereignty Concerns Zimbabwe has officially withdrawn from negotiations over a proposed health funding agreement with the United States after concluding that the terms threatened national sovereignty. The decision to rejected $350m US health deal has stirred debate over how far the country should go in accepting foreign assistance...
New Scramble for Africa: Power, Profit and the Battle for Influence Africa is once again at the centre of global attention. Major powers are competing for access to its resources, markets and strategic geography. The United States, China, Russia, France and several European and Gulf countries are investing heavily across the continent. This has revived...
South Africa Expands Production and Distribution of Foot-and-Mouth Disease Vaccines South Africa has intensified efforts to contain recurring outbreaks of foot-and-mouth disease through expanded production and deployment of foot-and-mouth disease vaccines, as authorities move to protect livestock, stabilize food supply chains, and limit further economic losses in the agricultural sector. Government veterinary services confirmed that...
EU Sanctions on Zimbabwe Shift The European Union has taken a significant step in reshaping its long-running EU sanctions policy toward Zimbabwe, lifting travel bans and asset freezes on all previously listed individuals and entities while maintaining its arms embargo for another year. This decision means that, for the first time in decades, no Zimbabwean...
Dangote $400 Million Equipment Deal Drives Nigeria Refinery Expansion The Dangote $400 million equipment deal with China’s Xuzhou Construction Machinery Group (XCMG) represents a major investment aimed at accelerating the expansion of the Dangote Petroleum Refinery and Petrochemicals complex in Lagos, Nigeria. The agreement will see Dangote Group acquire advanced construction and heavy machinery valued...
MTN Group South Africa Alleged Unauthorised Operations in DRC Telecommunications giant MTN Group South Africa is under scrutiny after authorities in the DRC accused the company of operating mobile and internet services in Congolese territory without a proper licence. The dispute has escalated to the point where regulators have publicly alleged violations of national law,...
Patrice Motsepe Retires as ARM Founder In a major leadership transition, Patrice Motsepe retires from his long-held executive role at African Rainbow Minerals (ARM), the mining company he founded more than two decades ago. The decision follows updated governance requirements by the Johannesburg Stock Exchange, which now require a clear separation between executive management and...
Sanlam Medhold Acquisition The Sanlam Medhold acquisition marks an important development in Southern Africa’s healthcare and private equity landscape. South African billionaire Patrice Motsepe through Sanlam Private Equity has acquired a majority stake in Medhold, a long established medical devices and services company. The deal places one of the region’s most strategic healthcare suppliers under...