Africa
Everything Africa’s Point publishes on Africa, written for professionals who need the decision and the number, not the noise.
Endeavour Mining posts record $880m EBITDA
Endeavour Mining, West Africa’s largest gold producer, reported record adjusted EBITDA of $880 million for Q1 2026, up 29% quarter-on-quarter, with record free cash flow of $613 million ($2,176 per ounce), driven by a…
Africa’s $164bn wealth funds eye mining
Africa’s sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed as active financiers of the continent’s…
Addis Ababa unveils 10.5km river project
Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa on June 28, spanning 87.6 hectares…
EU’s steel tariff hits South Africa
The EU’s new steel import framework took effect July 1, imposing annual quotas with a 50% tariff on volumes above the thresholds, under regulation…
Safaricom’s OneApp hits 4.7 million users
Safaricom’s unified My OneApp platform reached 4.7 million registered users as of June 29, with 1.3 million daily active users, as the telecom moves…
Family Bank’s NSE debut surges 44%
Family Bank listed on the Nairobi Securities Exchange by introduction on June 23, the largest private-sector listing in over 17 years. Its 1.66…
Kenya awards JKIA rebuild to China
Kenya signed a Ksh154.2 billion ($1.2 billion) contract with China Road and Bridge Corporation on June 23 to modernise Jomo Kenyatta International…
South Africa’s fiscal turnaround gathers pace
South Africa’s National Treasury reported a primary budget surplus of R86.7 billion (1.1% of GDP) for 2025/26, exceeding the 0.9% Budget estimate…
South Africa’s June 30 shutdown arrives
Anti-immigration protesters marched across South Africa’s major cities on June 30, the deadline set by the March and March movement for undocumented…
US-Iran truce sends oil crashing
A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent crude crashing from a peak above $120 per barrel in April to…
MTN’s MoMo is going super app
MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to transform its MoMo mobile money platform into a…
AfDB backs Arua airport in Uganda
The African Development Bank has approved $180 million to upgrade Uganda’s Arua Airport into an international-standard facility capable of handling…
South Africa braces for June 30
South Africa’s police service has activated joint operations in all nine provinces at a projected cost of R600 million ahead of the June 30 national…
Ghana’s 1,400bps rate cut leads Africa
Ghana’s Bank of Ghana cut its benchmark rate by a cumulative 1,400 basis points from 28% in January 2025 to 14% by March 2026, the most aggressive…
Kenya revives $1.2bn JKIA expansion
Kenya has appointed the Trade and Development Bank and Africa Finance Corporation to arrange $1.2 billion in financing for the expansion of Jomo…
DStv sets World Cup streaming record
DStv Stream recorded over 900,000 concurrent viewers for South Africa’s opening World Cup 2026 match against Mexico on June 12, nearly double its…
Nigeria slams the IMF’s tax prescriptions
A Nigerian think tank, the Alliance for Economic Research and Ethics, has criticised the IMF’s 2026 Article IV recommendations including excise…
Stop checking passports, SA minister warns
South Africa’s Justice Minister Mmamoloko Kubayi warned at an Inter-Ministerial Committee on Migration briefing on June 14 that private citizens…
Dangote’s petrol unit is down 34%
The Dangote Petroleum Refinery has been running its main petrol-producing RFCCU unit at 34% below capacity since May 21, initially due to feedstock…
Elumelu named Seplat’s next chairman
Seplat Energy announced on June 9 that Tony Elumelu will become board Chairman from January 1, 2027, succeeding Senator Udoma Udo Udoma. Effiong…
Rabiu buys $81m jet, nears $20bn
BUA Group Chairman Abdulsamad Rabiu has taken delivery of an $81 million Bombardier Global 8000, becoming the first African to personally own the…
Airtel Zambia joins the $1bn club
Airtel Networks Zambia Plc crossed US$1 billion in market capitalisation on the Lusaka Securities Exchange on June 8, 2026, becoming one of the most…
Spiro bets on batteries, not motorcycles
Spiro co-founder Gagan Gupta told TechCabal that batteries and energy infrastructure, not motorcycles, drive the long-term growth strategy.…
Tanzania self-funds its $24bn budget
Tanzania’s Finance Minister Khamis Mussa presented the Tsh62.33 trillion ($24 billion) 2026/27 budget on June 11, targeting 75% domestic funding, up…