The Iran war has damaged as much as $58 billion worth of energy infrastructure, according to an estimate published by consulting firm Rystad Energy on Wednesday. Iran has attacked the oil and gas infrastructure of its Gulf Arab neighbors including production facilities, refineries and pipelines among other targets. Israel has bombed natural gas and petrochemical…
SAMRO ensures composers, authors and publishers are fairly compensated for the use of their musical works. The Southern African Music Rights Organisation (SAMRO) has reaffirmed its core mandate of administering and distributing royalties to music creators, announcing total distribution allocation of R630.2 million for the 2025 financial year. The 2025 distribution marks a 1.3% increase…
Forward-Looking Statements African Export-Import Bank (Afreximbank) Group makes written and/or oral forward-looking statements, as shown in this release and other communications, from time to time. Likewise, officers of the Bank may make forward-looking statements either in writing or during verbal conversations with investors, analysts, the media, and other members of the investment community. Statements regarding…
Cairo, Egypt — African Export-Import Bank (Afreximbank) is proud to announce that it is supporting Dangote Group, as it seeks to expand its operations and grow its turnover to US$100 billion by 2030. The Group’s leadership presented its long-term growth strategy “Vision 2030: Supercharging Dangote Group for Long Term Success” to the Afreximbank Board of…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest growing large economy. Just as India’s textile industry was beginning to stabilize after U.S. tariffs, it received another blow. Industry leaders tell me the Iran…
To counter the severe economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impacts of the ongoing Gulf crisis. The conflict, which…
Luanda — Around 1.2 billion dollars have already been secured for 13 priority projects in Africa, within the framework of Angola’s leadership in the African Union Development Agency Heads of State Orientation Committee (AUDA-NEPAD). The information was given, on Thursday, in Luanda, by the agency’s executive director, Nardos Bekele-Thomas, at the end of a hearing…
A sign of Swiss pharmaceutical giant Novartis is seen on the top of a building at Novartis Campus in Basel, northern Switzerland, on Sept. 9, 2025. Fabrice Coffrini | AFP | Getty Images Novartis is planning to buy U.S.-based biotech Excellergy for up to $2 billion, betting on a next-generation allergy treatment that may prove…
Elon Musk arrives at federal court on March 4, 2026 in San Francisco, California. Josh Edelson | Getty Images A jury in California found that Elon Musk defrauded Twitter shareholders during the runup to his $44 billion acquisition of the social media company, according to a verdict issued on Friday. Total damages could reach up…
Nakuru — Africa’s heavy reliance on imported livestock products is costing the continent billions of dollars annually, prompting calls for stronger political commitment to enhance local production and regional trade. Despite possessing significant livestock resources, the region imported over $10 billion (KSh1.3 trillion) worth of livestock products last year, while exporting only $3.8 billion (KSh490.2…
