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Dangote seeks $1.6 billion from investors to finance a $14.3 billion expansion and thus double the oil refinery's capacity. The offer could give millions of Nigerians a stake in the company. But who can truly afford it?
The threat of catastrophic danger as artificial intelligence develops at high speed has sparked a global debate on how it should be regulated. And Africa is no exception. As governments and businesses look to harness the technology, concerns are growing over jobs, misinformation and the need for safeguards.
The owner of the Banyan Tree brand has taken a majority stake in a Cape Town safari and lodge operator. The deal is asset-light, adding fee income instead of bricks, and gives Banyan a foothold in safari and nature hospitality.
Nigerian authorities launched an investigation Thursday after 37 suspected illegal miners died in a civil defence detention facility in central Niger state, with conflicting accounts blaming either a disease outbreak or overcrowding and poor ventilation.
Bodies of nine women have been found in a Johannesburg neighbourhood in two months, as worries grow over women's safety.
Many Nigerians buy their first ever shares - in the oil refinery owned by Africa's richest man, Aliko Dangote.
