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.

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…

BHP’s $246bn warning to South Africa

The world's largest miner, about to be led by a South African, is delivering a pointed message to Pretoria: fix…

Can Africa own its social media layer?

Africa has 385 million social media users and a creator economy headed for $30 billion, yet every dollar spent on…

Nigeria health sector records major gains

IN SHORT: Nigeria's health minister Prof. Muhammad Ali Pate says the sector is recording significant…

Namibia rejects Starlink licence application

IN SHORT: Namibia's communications regulator CRAN has formally rejected Starlink's application for both a telecommunications…

Stanbic launches women’s banking in Ghana

IN SHORT: Stanbic Bank Ghana has launched Obaa Sima, a dedicated women's banking proposition targeting…

Ghana makes UN history on slavery

IN SHORT: Ghana tabled a resolution at the UN today declaring the transatlantic slave trade…