Africa Business News – Read economic news today, South Africa business updates, and latest economy trends and developments.
Zambia’s Kwacha and Ghana’s Cedi are both sliding against the U.S. dollar this week, and the reasons behind each currency’s slump are different enough to matter for anyone doing business — or shopping — in either country. Zambia Kwacha and Ghana Cedi slide, Commercial banks have quoted the Kwacha at 18.95 per dollar, down from […]
Africa’s telecom sector turns a new page as Vodacom hikes growth forecasts The Safaricom deal is fast becoming one of the continent’s biggest business stories. The South African telecoms giant has lifted its medium-term financial targets after completing the acquisition of a controlling 55 percent stake in Kenya’s Safaricom, a deal that could transform competition, […]
Kenya will introduce new compliance regulations that will impact all those earning money in the online sphere in 2026. This step will help Kenya enforce its digital taxation framework. Kenya digital tax rules, The new changes will make it possible for the government to collect taxes in a more efficient way in the developing digital […]
The aviation industry of Africa continues with its recovery from the pandemic, recording high numbers of passengers, airline capacity, and international demand. African airlines record highest passenger numbers, Some of the African countries whose airlines are dominating the recovery include Egypt, Nigeria, and Kenya, due to expanding airline networks, improved visa policy, an increase in […]
The U.S.-Africa Business Summit is yet to conclude. The meeting, which had initially been scheduled for July 2026, has been postponed and rescheduled for 6-9 December 2026 in Mauritius. US-Africa Business Summit Mauritius, Since the U.S.-Africa Business Summit is yet to be held, there is no reason to believe there are any reports on any […]
Several African currencies are set to remain under pressure this week amid rising business demand for dollars and growing oil prices globally. African currencies under pressure, Nigerian naira, Ghanaian cedi and Ugandan shilling are among the most vulnerable currencies, whereas other currencies like Kenyan shilling and Zambian kwacha managed to show some resistance to volatility. […]
The coming 31 July deadline for US tariffs may bring a new wave of uncertainty for African exporters, with several nations likely to be subject to increased tariffs. US tariff deadline African exports, The new measures may impact billions of dollars worth of exports from several countries to the US, putting several sectors under pressure. […]
The development of BRICS has provided a lot of possibilities for African countries wishing to establish new trade relationships and seek new ways of financing. BRICS expansion in AfricaWith the further expansion of BRICS from its initial members, a number of African countries have started actively engaging with BRICS either as members or partners. While […]
Ghana and Côte d’Ivoire are making new moves in order to strengthen cooperation in the world cocoa market, improve conditions for farmers, and decrease dependence on the volatile international commodity prices. Cocoa Alliance Ghana and Côte d’Ivoire,The actions, such as the Côte d’Ivoire–Ghana Cocoa Initiative and the extended Cocoa Value Addition Alliance (COPEC), will help […]
Governments in Africa have been implementing measures to increase revenue collection through tax reforms and business regulations. This week, governments in Kenya, Tanzania, and South Africa released important policy updates for businesses and taxpayers. Africa Tax News, The policy announcements, ranging from fuel VAT relief in Kenya, Digital Services Tax update in Tanzania, to tighter […]
Africa’s startup environment continues to evolve in 2026 with the coming of new initiatives like grants, incubation, tax breaks, and entrepreneurship schemes targeting youths. African startup government support, While different countries improve support for innovators, Kenya, Egypt, Nigeria, and South Africa remain the leaders of the continent for entrepreneurs due to their well-established startup ecosystems […]
The problem of fertilizer prices is still among the most important issues that African farmers face due to the emergence of various subsidy programs aimed at improving agricultural production. Cheapest Fertilizer in Africa, By 2026, the governments of Ghana, Kenya, and Nigeria will adopt different strategies regarding the issue of providing fertilizer cheaply to farmers. […]
The digital payment platforms have revolutionized money management and transferring among millions of people in Africa. Best cross-border payment app in Africa, Even though Chipper Cash, PalmPay, and OPay offer similar quick and user-friendly services, they target different types of customers. But if you prioritize cross-border payments, then the differences between these platforms get even […]
Much is happening in the field of critical minerals in Africa, as governments have become more interested in creating value and making strategic partnerships. Africa critical minerals race, As a result of the increased global demand for minerals required for electric vehicles, renewable energy, and manufacturing industries, the policy of countries in this continent concerning […]
Since shipping companies cannot pass through the Suez Canal and Bab al-Mandab Strait due to security concerns, there is an ongoing change in the route of ships that leads them to move through Africa. The increase in the number of ships has brought about opportunities for many African ports since they receive more passengers and […]
According to the ICC International Maritime Bureau (IMB), only two attacks related to piracy occurred during the first half of 2026, which is a big decrease from the previous years, when the Gulf of Guinea maritime security was considered one of the most dangerous locations for maritime operations. The reasons for such improvements include closer […]
Renewable energy projects in Africa have become very popular over the past few years since some of the best renewable energy projects in Africa were set up in July 2026. Top Renewable Energy Projects in Africa, These consist of solar power plants, battery installations, and mini grid projects. These are just some of the largest […]
Continuing Red Sea shipping disruptions have been causing considerable disruptions to international shipping routes, especially for East Africa, a region that heavily relies on maritime shipping for its economic activities. Security issues have made many shipping firms divert their cargo ships from the Bab el-Mandeb Straits and the Suez Canal towards the alternative Cape of […]
East Africa is seeing one of the biggest booms in the development of transport infrastructure, with investments worth billions of dollars being made in the construction of railways, highways, and logistics corridors. East Africa Infrastructure Boom, In particular, such projects such as the expansion of the Standard Gauge Railway (SGR) in Kenya, the upgrading of […]
The manufacturing industry of Africa is entering an era of growth through various changes that include industrial policies, investment, infrastructural developments, and export market expansion. Africa manufacturing industry growth, Besides the well-established manufacturing powers of the continent, the emerging economies are making huge investments in automotive manufacturing, the textile industry, renewable energy generation, electronics, and […]