Nigeria is poised to save over $200 million each year through a strategic partnership with Boeing and the United Kingdom's Cranfield University. The U.S. aircraft manufacturer is set to establish one of the continent's most advanced maintenance, repair, and overhaul (MRO) facilities. President Bola Tinubu says the collaboration aims to reduce the country’s current reliance on costly overseas aircraft servicing.

Thami Ngubeni spoke to Aviation Analyst Phuthego Mojapele.

Nigeria is poised to save over $200 million each year through a strategic partnership with Boeing and the United Kingdom's Cranfield University. The U.S. aircraft manufacturer is set to establish one of the continent's most advanced maintenance, repair, and overhaul (MRO) facilities. President Bola Tinubu says the collaboration aims to reduce the country&rsquo;s current reliance on costly overseas aircraft servicing.
Thami Ngubeni spoke to Aviation Analyst Phuthego Mojapele.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

Boeing to establish maintenance, repair, and overhaul facilities in Nigeria

Algeria's Ambassador to South Africa, Ali Achoui, says the country is opening up major investment opportunities, particularly in infrastructure, mining, and energy. He noted that stronger partnerships with African countries will be central to accelerating this growth. The Ambassador delivered the message at the Annual Algeria Investment Summit, which is currently underway in Johannesburg.

Channel Africa's economics reporter, Innocent Semosa, attended the summit and filed this report.

Algeria's Ambassador to South Africa, Ali Achoui, says the country is opening up major investment opportunities, particularly in infrastructure, mining, and energy. He noted that stronger partnerships with African countries will be central to accelerating this growth. The Ambassador delivered the message at the Annual Algeria Investment Summit, which is currently underway in Johannesburg.
Channel Africa's economics reporter, Innocent Semosa, attended the summit and filed this report.

Algeria opens up major investment opportunities in infrastructure, mining, and energy

Kenya is selling its 15% stake in telecom operator Safaricom to South Africa's Vodacom in a deal worth around $1.6 billion. Facing high public debt, limited room to raise taxes, and annual debt repayments that absorb 40% of government revenues, the country is divesting some of its assets to bolster its finances. The East African nation is also set to divest from other state-owned firms, including the sale of shares in Kenya Pipeline Company, in an initial public offering on the Nairobi Securities Exchange scheduled for next year.

Thami Ngubeni spoke to Channel Africa's Correspondent in Kenya, Daniel Ominde.

Kenya is selling its 15% stake in telecom operator Safaricom to South Africa's Vodacom in a deal worth around $1.6 billion. Facing high public debt, limited room to raise taxes, and annual debt repayments that absorb 40% of government revenues, the country is divesting some of its assets to bolster its finances. The East African nation is also set to divest from other state-owned firms, including the sale of shares in Kenya Pipeline Company, in an initial public offering on the Nairobi Securities Exchange scheduled for next year.
Thami Ngubeni spoke to Channel Africa's Correspondent in Kenya, Daniel Ominde.

Kenya sells 15% stake in Safaricom to Vodacom to bolster its finances

South Africa's financial markets are heading for a shake-up as the country officially enters the final phase of one of the biggest benchmark reforms in decades. The South African Reserve Bank has confirmed that the Johannesburg Interbank Average Rate, known as JIBAR, will be discontinued at the end of next year. It will be replaced with ZARONIA, a newer and more accurate method of measuring the true cost of money in the banking system, starting at the end of December 2026.

Dimakatso Leshoro has the details.

South Africa's financial markets are heading for a shake-up as the country officially enters the final phase of one of the biggest benchmark reforms in decades. The South African Reserve Bank has confirmed that the Johannesburg Interbank Average Rate, known as JIBAR, will be discontinued at the end of next year. It will be replaced with ZARONIA, a newer and more accurate method of measuring the true cost of money in the banking system, starting at the end of December 2026.
Dimakatso Leshoro has the details.

Boeing to establish maintenance, repair, and overhaul facilities in Nigeria

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