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Amazon’s satellite internet venture, Amazon Leo, is drawing growing scrutiny from financial analysts in South Africa as the company prepares to enter one of Africa’s most important broadband markets. While Amazon has secured a distribution partnership with South African broadband provider Herotel, industry observers are questioning whether the service can compete with SpaceX’s Starlink, which already dominates the global low Earth orbit satellite internet market. South Africa is...
Namibia has approved TotalEnergies’ acquisition of operatorship of Galp Energia’s giant Mopane discovery in the Orange Basin, marking another major milestone in the country’s emergence as one of the world’s most promising offshore oil frontiers. The approval clears the way for TotalEnergies to assume operatorship of the highly prospective Mopane complex from Portugal’s Galp Energia. As part of the agreement, Galp will also acquire a minority stake in...
Nigeria’s cement industry is entering a new phase of competition following Huaxin Cement’s $1 billion acquisition of Holcim’s majority stake in Lafarge Africa, a move that is reshaping one of the country’s most strategic manufacturing sectors. When the Chinese cement producer completed the landmark transaction in August last year, many industry observers viewed it as another chapter in the long running rivalry between market leaders Dangote Cement and...
Accra is strengthening its position as one of Africa’s emerging creative industry hubs as the inaugural Ghana Creative Economy Initiative brings together globally recognized filmmakers, producers, investors and policymakers to accelerate growth across the continent’s creative economy. The initiative features acclaimed television creator Aaron Rahsaan Thomas, best known for creating S.W.A.T., alongside veteran producer Paul Garnes, the longtime producing partner of filmmaker Ava DuVernay. Their participation signals growing...
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