Africa
Pan-African business news covering all 54 nations. Continental trade, AfCFTA developments, multi-country investment, and business intelligence spanning the entire African continent.
Mozambique signs $537m US compact that survived Trump cuts
Mozambique signed a $537.5 million MCC Compact II with the US on April 30 covering coastal resilience, rural transport and…
Ghana plans 1,200MW plant after Akosombo fire crisis
Ghana's President Mahama announced on May 2 that construction will begin before end-2026 on a state-owned 1,200-megawatt gas power plant,…
Kenya Finance Bill 2026 hits KQ and fintech hard
Kenya's Finance Bill 2026 ends Kenya Airways' withholding tax exemption on overseas technical payments, expands the royalty definition to cover…
UAE quits OPEC, squeezing Africa’s oil producers
The UAE formally left OPEC on May 1, targeting production of 5 million barrels per day by 2027 unencumbered by…
Newsletter
Airtel Africa profit triples to $813m as data beats voice
Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…
Safaricom FY2026: record KSh80bn dividend, profit up 67%
Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…
South Africa unemployment hits 32.7% as 345,000 jobs lost
South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…
Dangote picks Mombasa for $17bn East Africa refinery
Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…