Africa

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

MTN buys back its towers in $6.2bn deal

MTN Group agreed to acquire the 75% of IHS Towers it did not already own in an all-cash deal valuing…

Ivory Coast launches strategic sovereign wealth fund

Ivory Coast approved its Strategic Sovereign Fund for Development on April 15, establishing a three-component state vehicle to channel mining…

IDC saves Tongaat Hulett from liquidation for now

South Africa's IDC injected R200 million into Tongaat Hulett on April 17, raising its total rescue funding to R2.5 billion…

IMF cuts Africa growth to 4.3% as war hits imports

The IMF has cut Sub-Saharan Africa's 2026 growth forecast to 4.3%, warning that the Hormuz conflict and collapsing official development…

DStv sets World Cup streaming record

DStv Stream recorded over 900,000 concurrent viewers for South Africa's opening World Cup 2026 match…

Stop checking passports, SA minister warns

South Africa's Justice Minister Mmamoloko Kubayi warned at an Inter-Ministerial Committee on Migration briefing on…

Dangote’s petrol unit is down 34%

The Dangote Petroleum Refinery has been running its main petrol-producing RFCCU unit at 34% below…