Africa Business News – Read economic news today, South Africa business updates, and latest economy trends and developments.
Senegal’s debt troubles just received another official stamp. The Senegal credit rating has been cut for a fifth straight time, with Moody’s downgrading the country’s foreign-currency ratings on Thursday. What the downgrade says Moody’s lowered Senegal’s foreign-currency senior unsecured and long-term issuer ratings to “Ca” from “Caa2”. It also changed the outlook to stable from […]
South Africa’s economy took another knock this week. The South Africa private sector contraction in the September 2026 PMI was the sharpest since December, and businesses are blaming rising fuel costs, weak demand and logjams at the ports. Africa’s most industrialised economy ended the third quarter on a sour note. The Numbers Behind the Slump […]
Aliko Dangote is taking his industrial empire east, and Africa wants to know how he does it. Dangote’s secret to business success in Africa 2026 looks surprisingly simple: find what governments cannot deliver, then build it at enormous scale. His companies now operate in at least 17 African countries, spanning cement, fertiliser, petrochemicals, logistics, ports […]
Every founder from Lagos to Nairobi knows the feeling of having a solid idea and an empty bank account. The good news is that business grants for African entrepreneurs in 2026 do exist, and some of them are backed by serious institutions. The catch is that they are competitive, and several big deadlines for this […]
Ask any market woman in Kumasi, Kampala or Kano how she started, and the answer is rarely a business plan. The challenges facing women entrepreneurs in Africa are real and stubborn, yet the continent still has some of the most entrepreneurial women anywhere on earth. A Story Centuries in the Making Women in business are […]
Walk through Lagos, Nairobi, Kinshasa or Abidjan today and you are standing inside the biggest demographic shift in human history. The link between rapid urbanization and security challenges in Africa is no longer a topic for conference panels alone, because it now decides who is safe, where violence lands, and how governments must protect their […]
LAMU, Kenya: A patch of coastal land near Lamu Port became the centre of East Africa’s industrial ambitions on Wednesday. The Dangote Lamu refinery groundbreaking set construction in motion for a plant that Aliko Dangote says will cost between $15 billion and $16 billion, with President William Ruto leading the ceremony. What Will Be Built […]
The story of Houphouët-Boigny Stadium creative infrastructure returns begins with a football tournament, but it does not end there. Côte d’Ivoire won the right to host the 2023 Africa Cup of Nations, and Abidjan’s Félix Houphouët-Boigny Stadium needed a major rebuild to stage the final. Afreximbank backed the renovation, which finished in time for the […]
According to the man selling the shares, Dangote refinery IPO investor demand is running hot. Speaking in Nairobi on Tuesday, Aliko Dangote described demand for his Lagos refinery share sale as “enormous”. He gave no figures, and the offer is due to close on October 13. The Share Offer The scale of the offering is […]
Airtel Money, the financial services arm of Airtel Africa, plans an IPO on the main market of the London Stock Exchange. The move gives investors a direct stake in a large African fintech and gives the City a much-needed new listing. What is being offered Airtel Africa mobile money listing what it means for investors […]
LUSAKA, Sept 28: Zambia wants its economy to grow by an average of 7% over the next three years, building on progress in restructuring its external debt, according to the finance ministry. Growth Projections Through 2029 In a statement issued Sunday, the ministry projected growth of 6.0% in 2027, 7.5% in 2028 and 7.1% in […]
NEW YORK/LAGOS. The MTN Group Foundation and the Gates Foundation have committed about $25 million to cut maternal deaths in Nigeria through 2030. The partnership is called the Nigeria Maternal Health Multiplier. It was announced at a Semafor event on the sidelines of the 81st UN General Assembly. What the programme will do The programme […]
Industrialist from Nigeria, Aliko Dangote, has announced a $ 660 million pipeline project between Ethiopia and Djibouti for refined petroleum products, meant to enhance fuel transportation through one of East Africa’s critical trade routes. The 120-kilometer-long project will link Damerjog in Djibouti and Dewele in eastern Ethiopia, connecting Djibouti’s coastline fuel infrastructure to its inland […]
Oil production in Libya has been affected by another serious disruption following the sabotage of a valve in the pipeline transporting crude oil from the Sharara oilfield to Zawiya, leading to a drop in production by 200,000 barrels per day (bpd). This development is bound to cause additional worries for the Libyan government as far […]
South Africa-US relations have hit rock bottom again, following an announcement by Washington of new visa restrictions against some South African officials. The restrictions were announced by US Secretary of State Marco Rubio on September 15, stating that they will be against foreign nationals involved in any policies that Washington claims enable uncompensated land grabs, […]
Kenya has unveiled a new digital platform that seeks to connect millions of Kenyans residing in foreign countries with opportunities for investment and business in their home country. The new Diaspora Impact Platform was launched by President William Ruto in New York on September 20, 2026, as part of his meeting with Kenyans in America […]
Total exports by Nigeria to other African countries grew to ₦10.72 trillion in the first six months of 2026, compared to ₦4.82 trillion in the same period of 2025, based on an analysis of trade data released by Nigeria’s National Bureau of Statistics. While the increase has cemented Nigeria’s status as one of the biggest […]
The Dangote Petroleum Refinery has started the largest initial public offering (IPO) that allows retail investors to get a part of one of Africa’s largest industrial projects. 4.1 billion shares of the refinery will be offered at a price of ₦525 each, which means that the deal should bring ₦2.15 trillion (approximately $1.6 billion) if […]
