CFAO Healthcare accelerates its expansion in Southern Africa with the acquisition of Medswana in Botswana
CFAO Healthcare, the healthcare division of the CFAO Group, announces the acquisition of a 75% stake in Medswana, one of Botswana’s leading pharmaceutical wholesalers. Following the launch of its operations in South Africa in 2024, CFAO Healthcare reaches a new milestone in the deployment of its regional platform in Southern Africa. This acquisition illustrates its…
AI Infrastructure Investment To Exceed $1.3 Trillion By 2027, S&P Global Ratings Says
S&P Global Ratings published new research examining how the world’s largest hyperscalers are financing rapid AI infrastructure expansion and the implications for future credit quality. The report, “S&P Global Ratings’ View On Artificial Intelligence And Hyperscalers”, examines how Alphabet, Amazon, Microsoft, Meta, Oracle and SpaceX are funding this investment cycle. “As AI infrastructure investment accelerates, the…
ExxonMobil Mozambique, Limitada and Area 4 co-venturers award US$1.1 billion in pre-investment contracts
Maputo, Mozambique – ExxonMobil Moçambique, Limitada, on behalf of the Area 4 co-venturers, (ENH, CNPC, ENI, KOGAS and XRG), has awarded approximately US$1.1 billion in pre-investment contracts for critical long-lead upstream equipment supporting the Rovuma LNG Phase 1 development in Cabo Delgado. The award marks a significant milestone in the continued advancement of the Rovuma LNG…
Middle East Energy Powers Up with New Features, Product Sectors, and Industry Conferences
The expanded 2025 edition of Middle East Energy, the region’s leading energy exhibition bringing together the leading lights of the industry, will feature a host of new shows, product sectors and conferences when it takes place at Dubai World Trade Centre (DWTC) next year. The 49th Middle East Energy trade show will run from 7-9…
Anglo American and Teck announce future Anglo Teck Executive Leadership Team
Anglo American plc (“Anglo American”) and Teck Resources Limited (“Teck”) announce the composition of the future Executive Leadership Team (“ELT”) of Anglo Teck plc (“Anglo Teck”), the combined company that will be formed through the merger announced on 9 September 2025. These future ELT roles will take effect immediately following completion of the merger which…
FAO strengthens brucellosis diagnosis to protect livestock, wildlife and communities in KAZA
Victoria Falls, Zimbabwe – FAO has strengthened regional capacity to detect and respond to brucellosis through specialised laboratory training on the Complement Fixation Test (CFT) at the Victoria Falls Wildlife Trust Veterinary Laboratory, a strategically located facility at the wildlife–livestock interface in the Kavango-Zambezi Transfrontier Conservation Area (KAZA). The five-day training, held from 20 to 24…
Shell to sell interest in South African downstream business to ADNOC Distribution
Johannesburg − Shell South Africa Holdings (Pty) Ltd, a subsidiary of Shell plc (Shell), has agreed to sell its equity interest in Shell Downstream South Africa (Pty) Ltd (SDSA) to Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution). The sale is part of Shell’s strategy to transform its Downstream portfolio and focus on key markets,…
IATA Calls on African Governments to Prioritize Aviation for Long Term Economic Growth
Addis Ababa – The International Air Transport Association (IATA) called on African governments to prioritize aviation as a strategic enabler of economic and social development. “Aviation is economic infrastructure for Africa. Its value lies in the long‑term benefits it delivers. An aviation strategy focused on safety, cost-competitiveness, energy security/sustainability, and ease of doing business will create…
Binghatti Holding Limited H1 2026 Financial Results
Binghatti Holding continues to exhibit record profitability with H1 2026 net profit rising to AED 3.0 billion (USD 810 million), up by 64% year-on-year, driven by strong project execution. Dubai, UAE, 27 July 2026 – Binghatti Holding Limited today announced record financial results for the six months ended 30 June 2026, supported by strong project execution,…
Riyad Mahrez Tops Africa’s Highest-Paid Footballers in 2026
Saudi Pro League stars occupy the three leading positions, while Victor Osimhen emerges as the highest-paid African footballer playing in Europe. African football’s biggest names continue to command exceptional salaries across Europe and the Middle East, with Riyad Mahrez leading the continent’s highest earners in 2026. The Algerian international is estimated to earn approximately US$60.8…
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