Africa

Pan-African business news covering all 54 nations. Continental trade, AfCFTA developments, multi-country investment, and business intelligence spanning the entire African continent.

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AfricaFinance

AFC closes record $2bn syndicated loan

By
Africaspoint Editorial

Africa Finance Corporation raised a record $2 billion syndicated loan on June 4, upsized from $1.6 billion after strong demand…

Cape Town South Africa affordable housing urban development construction residential
AfricaBusiness

Salt River Market transformed into 970 homes

By
Africaspoint Editorial

Cape Town's Salt River Market site was formally handed to developer Communicare on June 8 after more than a decade…

AfricaFinance

Rwanda locks in $250m IMF credit facility

By
Africaspoint Editorial

The IMF Executive Board approved Rwanda's $250 million, 38-month Extended Credit Facility on June 9, with an immediate $35.7 million…

Nigeria crude oil export tanker ship trade surplus commerce Atlantic petroleum
AfricaBusiness

Nigeria’s trade surplus triples to N7.55tn

By
Africaspoint Editorial

Nigeria's Q1 2026 merchandise trade surplus surged 341% to N7.55 trillion ($4.1 billion) from N1.71 trillion in Q4 2025, driven…

Endeavour Mining gold West Africa $880m EBITDA Assafou Burkina Faso Cote Ivoire 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…

Africa GDP 4.2 percent growth fastest economies 2025 2026Africa sovereign wealth funds $164 billion mining minerals EIH FONSIS Guinea Simandou 2026

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia Addis Ababa Entoto Kebena riverside Beautifying Sheger Abiy urban 2026

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…

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Ghana AgriConnect World Bank IFAD IFC 2.6 million jobs agriculture 2026Ghana FDI $2.61 billion GIPC 2025 investment China petroleum

Ghana-Jamaica pact ends two-decade silence

HormuzKenya

Six pacts as Ruto visits Pretoria

a building with a dome on top
Admaius Capital Virunga II $500 million Africa private equity IFC 2026Africa startup funding $1 billion H1 2026 venture capital

$1.25bn backs African startup incubation push

Africa AI technology voice digital phone communication network automation
AethexAI voice AI Africa $3 million 4DX Ventures Kora pre-seed 2026Africa data centre construction market Nigeria $4.58 billion 2031

AethexAI’s $3m backs Africa voice AI

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