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Millions of people across Africa live beyond the reach of mobile networks. Two companies are now betting they can fix that from space.
AXIAN Telecom, parent of pan-African telecom group Yas, has announced a partnership with AST SpaceMobile to deliver what both companies are calling Africa's first direct-to-device satellite broadband service. The deal means voice calls, ...
Two years of punishment from the naira's collapse may finally be loosening their grip on Dangote Sugar Refinery.
The Lagos-based sugar refiner published its audited 2025 results this week, and the numbers tell a story of a company that has been hit hard but is learning to absorb the blows. Net loss narrowed to N64.1 billion ($41.7 million) from N192.6 billion ($125.2 mi...
Elon Musk has been talking about turning X into a financial platform for years. This week, it stopped being just talk.
X Money, the long-gestating payments feature embedded inside Musk's social media platform, has entered limited external beta testing, with early screenshots revealing a consumer product that looks more like a polished fintech app than a side experiment....
Adidas wants one of Africa's richest men to run its boardroom.
The German sportswear giant is looking to replace supervisory board chairman Thomas Rabe with Egyptian billionaire Nassef Sawiris, a long-standing board member and one of the company's largest shareholders. The move, if confirmed, would hand Sawiris one of the most prominent corporate chairmanships in global...
African Rainbow Minerals delivered a sharp turnaround in the first half of its 2026 financial year, swinging back to R1.9 billion ($113.9 million) in operating profit after posting a R409 million ($24.5 million) operating loss in the same period a year earlier — a result that signals the miner is gaining traction after a bruising stretch of weak commodity prices and rising co...