World News by Wild Rose

Oil tycoon Aliko Dangote says he believes the continent will will largely supply its own refined fuel needs by 2030.

The Brics-founded New Development Bank could help launch a fund by the end of the year to guarantee cheap loans for poor families in Africa and Latin America, Brazil’s social development minister said. The scheme would be the Shanghai-based lender’s first financial commitment to Brazil’s global anti-hunger alliance, an initiative sidelined by Washington’s presidency of the G20 this year. Wellington Dias told the South China Morning Post on the sidelines of the United Nations General Assembly in...

Dangote is expanding its energy business across Africa, putting local capital and cross-border infrastructure at the centre of the continent’s refining future. South Sudan’s small businesses turn to solar as unreliable electricity grid leaves entrepreneurs facing blackouts, rising costs and lost in

Dangote Industries President and Chief Executive Aliko Dangote discusses business, investment and Africa’s economic outlook with Bloomberg's Francine Lacqua at the Qatar Economic Forum UNGA Special Edition in New York in 2026. (Source: Bloomberg)

The answer lies less in geography or resources than in the institutions that shape power, legitimacy and opportunity.

Africa's largest share sale opened on 14 September. The minimum ticket is under four US dollars, and analysts say the price is the problem. The post The Dangote Refinery Share Offer Is Cheap to Enter and Expensive to Own appeared first on The Rio Times.

Africa’s richest man, Aliko Dangote, hailed Monday’s share sale of his Nigerian oil refinery as an opportunity to create value for millions of people across Africa.

Africa’s richest man Aliko Dangote on Monday launched an IPO for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion and has drawn both strong investor interest and concerns over its high valuation.

Jamaicans abroad sent home US$3.49bn last year, and nearly all of it came from North America. A Nairobi company wants a share of that flow. The post The Jamaica Remittance Market Takes In US$3.5 Billion a Year. Africa Sends Almost None of It. appeared first on The Rio Times.

Canadian explorer adds four decades of capital-markets and offshore investment experience as it targets upstream opportunities across Africa

Canadian explorer adds four decades of capital-markets and offshore investment experience as it targets upstream opportunities across Africa

Ethiopia · AVIATION Key Facts —What happened Non-African airlines carry about 80% of intercontinental passengers to and from Africa, funnelling traffic through Dubai, Doha, Abu Dhabi and Istanbul. —How big Africa had 25.8 million seats in September 2026, up 9.4% from a year earlier, with international routes accounting for 78% of capacity. —The counterweight Ethiopian […] The post Are Africa’s Airlines Destined to Feed Foreign Hubs? appeared first on The Rio Times.

Africa’s imports of electric motorcycles and three-wheelers from China rose sharply in the first half of 2026, underscoring a divide in the continent's transition to electric vehicles.

Gulf states Africa investment surged into ports, mining and farmland by 2026, with UAE logistics and Saudi deals reshaping trade corridors for investors. The post DP World and AD Ports Drive Gulf States Africa Investment as Saudi Deals Follow appeared first on The Rio Times.

Africa China debt stock nears $181bn as Beijing slashes new loans 46% and shifts to small-and-beautiful projects. Here is what investors must watch in 2026. The post China Slashes Africa Lending 46% as Kenya and Angola Race to Refinance Old Debts appeared first on The Rio Times.

Carbon credit financing is making clean cooking affordable and accessible to households across Africa, boosting efforts to reduce pollution.

Cost appears to be a deciding factor for most African countries when it comes to energy as they observe the factors that influence US and Chinese policy decisions. In a sign of the contrasting energy strategies pursued by Washington and Beijing, US President Donald Trump says “drill, baby, drill” while China drives a leap towards renewable energy. With China’s advances in solar generation and battery technologies making acquisitions cheaper, a consensus is coalescing across the continent around...

Foreign investors pour record funds into African markets in 2026. Here is how non-residents invest in African stocks, access exchanges and manage FX risk. The post Foreign Investors Pour Record Funds Into African Stocks as NGX Sees N2.03 Trillion appeared first on The Rio Times.

The New Scramble for Africa shifts as China's lending collapses and Russia's Africa Corps absorbs Wagner. Here is what investors must watch now. The post China Slashes Africa Lending 90 Percent as Russia Africa Corps Takes Over Wagner appeared first on The Rio Times.

In tonight's programme, a UN report says foreign fighters and support networks are fuelling Sudan’s war and worsening violence against civilians. Also, Uber is pulling out of Nigeria and Uganda, leaving thousands of drivers scrambling for new sources of income. And finally, we discuss the festival with co-director Diarah N’Daw-Spech and Laurence Cole, co-producer of the Nigerian film "Shadow of Greed".

Nigerian billionaire Aliko Dangote said an initial public offering for his refinery, Africa’s largest, will open within two weeks.

Horizons Middle East & Africa is your daily spotlight on one of the world's fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg. (Source: Bloomberg)

Nigeria - Africa's most populous country - is proving a tough market for ride-hailing services.