Business
African business news: M&A activity, earnings reports, leadership changes, expansion moves, and corporate developments across all 54 nations. Essential intelligence for investors and executives.
$1.25bn backs African startup incubation push
Investment firms Treadway and Invasion have committed $1.25 billion to a new incubation and investment platform backing early and growth-stage…
AethexAI’s $3m backs Africa voice AI
AethexAI has closed a $3 million pre-seed round led by 4DX Ventures with Enza Capital, Dorm Room Fund and Stanford…
Dangote refinery powers past 700,000bpd
The Dangote Petroleum Refinery has validated crude processing capacity of 700,000 barrels per day, surpassing its 650,000 bpd nameplate design…
Museveni: Uganda will hit 50,000MW
Museveni's June 4 State of the Nation Address set a target for Uganda to expand electricity generation to 50,000 megawatts,…
Newsletter
South Africa’s June 30 shutdown arrives
Anti-immigration protesters marched across South Africa's major cities on June 30, the deadline set by…
US-Iran truce sends oil crashing
A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…
MTN’s MoMo is going super app
MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…
AfDB backs Arua airport in Uganda
The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…