Business

African business news: M&A activity, earnings reports, leadership changes, expansion moves, and corporate developments across all 54 nations. Essential intelligence for investors and executives.

Kenya’s $4bn railway breaks free of China

Kenya has restarted construction of the SGR extension stalled since 2019, raising up to $4bn through revenue securitisation rather than…

South Africa turns to Dangote for fuel

South Africa has lost half its refining capacity and gets 75% of its fuel from the Middle East. With the…

Botswana’s $3.7bn reserve loss forces a rethink

Botswana's foreign exchange reserves have collapsed from $7.5bn in 2017 to $3.2bn today. Diamond revenues are down 50%. GDP contracted…

Eid al-Fitr and 1,400 years of Islam in Africa

Africa has the largest Muslim population of any continent by share of global Islam. It arrived here before it reached…

Egypt opens Africa’s longest monorail line

President Sisi inaugurated the 56.5km East Nile Monorail on March 20, connecting Cairo Stadium in…

Ghana’s lithium problem isn’t geology. It’s people.

Ghana's Ewoyaa lithium project is set to produce 3.6 million tonnes of spodumene concentrate over…

From Alexandra township to running Africa’s biggest bank

Mary Vilakazi grew up in Alexandra township, sold sweets for pocket money, financed her education…

All four SA banks are chasing Kenya

All four of South Africa's biggest banks are targeting Kenya simultaneously. Nedbank is buying NCBA.…