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.

Kenya’s $4bn railway breaks free of China

Kenya has restarted construction of the SGR extension stalled since 2019, raising up to $4bn through revenue securitisation rather than…

South Africa turns to Dangote for fuel

South Africa has lost half its refining capacity and gets 75% of its fuel from the Middle East. With the…

Botswana’s $3.7bn reserve loss forces a rethink

Botswana's foreign exchange reserves have collapsed from $7.5bn in 2017 to $3.2bn today. Diamond revenues are down 50%. GDP contracted…

Eid al-Fitr and 1,400 years of Islam in Africa

Africa has the largest Muslim population of any continent by share of global Islam. It arrived here before it reached…