A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed deals worth billions of dollars into Africa’s most industrialized country — and more corporate action is in the pipeline.
The rush of deal-making is part of a broader Gulf drive into Africa, with the United…
Absa Group, one of the largest lenders in South Africa, will enter the UAE market in 2026 to tap into the increasing investment and business interests between the Middle East and Africa, Bloomberg reported.
The company is set to open an office in Dubai during the first quarter of 2026, pending regulatory approval, Yasmin Masithela, CEO…
Saudi Arabia’s Ministry of Industry and Mineral Resources has announced the winning companies for its first mineralised belts licensing round, covering Jabal Sayid and Al-Hajjar sites. The winning companies include Noring Ajlan & Brothers
Mining Company for the Southern Al-Hijjar site and a consortium of ARTAR, Gold and Minerals Ltd. and Jacaranda
for the Northern Al-Hajar site,…
Godwin Atser, Country Director of the Sasakawa Africa Association (SAA), has stressed the urgent need for Nigeria and Africa to embrace agricultural digitization to strengthen food security and avoid the risk of re-colonization.
Speaking at the Annual Stakeholders’ Workshop in Abuja, themed “Transforming The Agricultural Landscape Through Digital Agricultural Extension and Advisory Services,” Atser voiced concerns over…
(Bloomberg) -- Saudi Arabia’s credit rating was upgraded by S&P Global Ratings for the first time in two years, as the kingdom’s efforts to diversify the economy from oil pay off.
The credit assessor moved Saudi Arabia up one level to A+ from A, according to a statement Friday. The outlook on the rating is stable.
“The…
A consortium led by Zahid Group is set to enter a new round of negotiations to acquire a controlling stake in South African construction equipment outfit Barloworld as part of a standby offer, after Barloworld shareholders rejected its initial offer for a full takeover over the pricing, Zahid Group Director of Investments Augostino Sfeir told Bloomberg. The initial offer failed…