2+ day, 13+ hour ago   (153+ words) A joint operation between the US, UK, and Norway thwarted a Russian operation to sabotage undersea cables with a “secret weapon” near the Arctic’s Svalbard archipelago. A joint operation between the US, UK, and Norway foiled a Russian operation to…...

2+ day, 21+ hour ago   (155+ words) China remains by far the world’s coal heavyweight: Its power sector alone consumes one-third of the world’s coal. Rising natural gas prices wrought by the Iran war will boost global coal consumption to a new record of nearly 9 billion metric…...

3+ day, 22+ hour ago   (167+ words) Abu Dhabi tech vehicle MGX, which closed its first fund in July at $49 billion, is the largest, according to ADGM. Abu Dhabi’s financial hub ADGM says entities licensed there now hold more than $100 billion in AI-focused investment, as it…...

3+ day, 23+ hour ago   (149+ words) The Casablanca-based fund has backed more than 30 projects in 32 countries across multiple sectors. African infrastructure investor Africa50 plans to raise the value of its portfolio to $20 billion over the next five years, an executive told Reuters The Casablanca-based fund has backed…...

3+ day, 23+ hour ago   (198+ words) The shift was driven by a fall in fuel imports and a rise in the exports of crude oil and raw materials. Nigeria’s trade surplus grew to $9.5 billion in the second quarter, doubling in size compared with the same…...

4+ day, 4+ hour ago   (590+ words) Kenya’s crackdown on foreign small-scale traders is exposing a tension at the heart of President William Ruto’s economic agenda in trying to protect jobs for Kenyans while keeping the country open to overseas capital and regional trade. Hundreds of Burundians…...

5+ day, 22+ hour ago   (181+ words) Kenya’s government sought to reassure foreign traders that they have legal protection to operate in the country. Kenya’s government sought to reassure foreign traders that they have legal protection to operate in the country after President William Ruto raised…...

5+ day, 22+ hour ago   (160+ words) The company, which began offering new cars to Nigerian Uber drivers five years ago, is set to leave the country as Uber’s shock exit makes its business untenable. Moove, the Nigeria-born unicorn that has been Uber’s vehicle financing partner…...

5+ day, 22+ hour ago   (194+ words) The company, whose 700,000 barrels-a-day oil plant is Africa’s largest, is set to raise about $1.6 billion. The Dangote Refinery has secured the approval of Nigeria’s securities regulator to launch an initial public offering on the stock exchange in Lagos The…...

5+ day, 22+ hour ago   (160+ words) The rating decision drops the West African nation deeper into junk territory and underscores its vulnerability. S&P Global Ratings downgraded Senegal’s long-term foreign currency rating, citing a high chance that the country will default on its debt following…...