Africa

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

Brent drops 6% on ceasefire hopes after Iran clashes

Brent crude fell roughly 6% over the week to settle near $101 per barrel on Friday as Trump insisted the…

Somalia’s Hormuud finances 100,000 smartphones for poor

Somalia's Hormuud Telecom is financing 100,000 smartphones for low-income subscribers through deposit and instalment payments via its EVC Plus mobile…

Kenya’s first private agri-securitisation at $2.1m

Fintech Kaleidofin has completed Kenya's first private-sector agriculture-focused securitisation at $2.1 million, converting smallholder farmer loans into tradeable securities and…

US invites Kenya to lead Africa minerals trade zone

The US has invited Kenya to lead a preferential critical minerals trade zone as East Africa's AI market grows rapidly,…

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…

Dangote picks Mombasa for $17bn East Africa refinery

Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…