Africa Business Weekly (ABW) https://validator.w3.org/feed/docs/rss2.html Dangote is the only African in the top 10 richest manufacturing billionaires in the world Telecom Egypt receives offers for network towers up to $250M Ghana: Our partnership with GCB yields first indigenous rubber factory –Narubiz MD South African Airways & SunExpress To Expand Boeing 737 Deal Egypt announces up to 15% increase in transit fees for select vessels Morocco: OCP Group Expected to Remain Resilient in the Face of Market Downturn Unfavourable business regulatory framework hindering entrepreneurial potential in Ghana – World Bank Consultant Guinness Ghana heralds clear Malta Guinness bottles in sustainability push Morocco: Fitch Maintains Rating Unchanged at BB+ Egypt: SCZONE, Hengtong sign $18M optical cables investment agreement Ghana: Access Bank provides high-net-worth individuals with alternative investment avenues South Africa’s nuclear power expansion targets 2,500 MW amidst energy woes Toyota Nigeria launches auto maintenance products Egypt: Raya Holding signs agreement to acquire 27.69% stake in Ostool Africa: Jumia to close down food delivery business World Bank lines up $150m funding for small firms in Kenya Africa: UBA secures $175m AfDB loan TotalEnergies to invest $6 billion in Nigeria’s energyindustry Gold Fields sells its 45% shareholding in Asanko Gold Africa Business News African beer market suffers as inflation and currency devaluation take their toll African countries that spend the most time on social media Tanzania: African Development Bank supports small horticultural businesses with $2.5 million grant Niger to begin oil exports via Benin pipeline in January 2024 Africa Business Weekly – Issue 250 Stephen Blewett takes over as MTN Ghana CEO Nigeria: Equity investors gain over US$210m as market rebounds Africa: Selorm Adadevoh appointed as Chief Commercial Officer for MTN Group Jumia appoints Temidayo Ojo as new Ghana CEO Kenya: Stanbic picks former NMG CEO Joseph Muganda as board chair Kenya: Saccos savings cross Sh1 trillion mark Ghana Stock Exchange gets ISO certifications Ghana: Banks wrote off ¢3.19bn as bad debt in October 2023 Nigeria: Abbey Mortgage Bank appoints new chairman Egypt, East Asia trade exchange hits $34.5B in 2022 Morocco: Royal Air Maroc Unveils New Brand Campaign NextSource Materials ships first graphite from Molo mine in Madagascar Kenya, Côte d’Ivoire, and Rwanda among fastest-growing African economies in 2023 – World Bank Top 10 diamond producing countries in Africa Moroccan Airports Receive Record Number of Visitors in 2023 Nigeria: Naira hits new low, 1060/$ as MAN kicks at policy reversal Ghana Airports introduces self-service check-in Kenya: BasiGo gets Sh766m for electric buses assembly P&G to end manufacturing operations in Nigeria Anglo American shares drop on South Africa challenges, production cut Ivanhoe to start copper exploration in Angola Giyani secures US$16M for Botswana manganese project Home Top 5 largest economies in East Africa ranked Nigeria: Dangote refinery finally receives its first shipment of crude