Africa Business News – Read economic news today, South Africa business updates, and latest economy trends and developments.
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 Central African Stock Exchange wants to accelerate economic diversification of the sub-region following a listing operation on the Central African Stock Exchange. After the merger-absorption of the Douala stock exchange a little more than 8 months ago and the hosting of its very first listing last February, the Central African Stock Exchange wants to […]
Odum Chijioke John, the Founder and Chief Executive Officer of Chiji14xchange, a leading Nigerian e-commerce company in the business of crypto currency trading and Gift cards exchange has decried the lack of government support in their evolving sub-sector of the e-commerce industry. Odum, who made this known in a recent interview accused the government of […]
Aero Contractors on Tuesday suspended all their flights for two weeks, beginning from 26 March. The Chief Executive Officer of the airline, Captain Ado Sanusi announced the decision in Lagos Sanusi said the suspension is meant to support the effort of the Federal Government to stop the Coronavirus pandemic from spreading further. “This is also […]
As most business owners world wide grapple with the economic effect of the coronavirus, Moroccan casual workers say the virus is threatening workers in the country’s , without contracts and without social protection. The situation is particularly critical in the North African country marked by great inequalities and where the rate of informal employment reaches […]
United Bank for Africa (UBA Plc), Transcorp and all affiliated companies have announced the cancellation of their 2019 Annual General Meetings (AGMs) to prevent the spread of COVID-19. The companies stated this in a statement to their shareholders and stakeholders posted on the Nigerian Stock Exchange (NSE) web site. UBA’s 58th AGM was initially slated […]
Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has lauded President Muhammadu Buhari for reducing fuel pump price from N145 per litre to N125 per litre. The National President of NOGASA, Mr Beneth Okorie who made the commendation at a news conference in Owerri on Saturday, said the measure would help reduce inflation. He […]
Mobile phone giants, MTN, are tweaking their tariffs in the area of mobile money transfers in some African countries with the aim of reducing contact with cash amid the coronavirus pandemic. The latest developments are in Uganda and Cameroon where the operator is waiving costs on transfers done with their mobile money platform. The MTN […]
A glut of unsold, high quality Nigerian crude continues to build up with weak global demand caused by coronavirus and surplus supplies by Saudi Arabia, UAE, Russia and other OPEC nations. Nigeria, which produces some of the easiest-to-refine crude that typically commands a premium, has 30 or more unsold April-loading cargoes, traders say, equal to […]
The coronavirus epidemic continues to disrupt life across the world. The disruption is all but gathering steam in affected even virus-free African countries. The rate of infection is lower on the continent as compared to Europe, Asia and parts of the Americas, where lockdowns are in place. The impact on gatherings is an area that […]
The Johannesburg Stock Exchange (JSE) announces the primary listing of Ninety One Limited (NY1) and the secondary listing of Ninety One Plc (N91) on its Main Board. Ninety One Limited and Ninety One Plc will list on the JSE under the Asset Managers sub-sector. Ninety One has changed its name from Investec Asset Management. The […]
The U.S. Trade and Development Agency awarded a grant to Kalahari Energy Botswana for a feasibility study of a power plant that will generate up to 100 megawatts of electricity using indigenous coalbed methane. The project, located in the Central Kalahari Karoo Basin, will bring critically important additional power to Botswana’s electrical grid. Kalahari Energy […]
Amid instability in the oil markets and sharp losses for other commodities such as copper, you may be tempted to think gold is the best option for a positive return. But coal beats the metal. Coking coal futures on the Singapore Exchange, which mirror The Steel Index price for Australian free-on-board cargoes, ended at $159.98 […]
The Department of Trade, Industry and Competition has invited companies to participate in the second Intra-African Trade Fair (IATF) set to take place in September in Rwanda’s capital, Kigali. The IATF provides a strategic platform to access an integrated African market of more than 1 billion people joined together by the African Continental Free Trade […]
The Nigerian National Petroleum Corporation has shut down oil pipelines around Abule Ado area of Lagos following multiple explosions that rocked the community on Sunday morning, leading to fire outbreak. The incident also led to the destruction of several houses with residents seen hurriedly removing personal items from some of the affected buildings. Various sources […]
The African Economic Research Consortium (AERC), with support from the Bill and Melinda Gates Foundation since 2016, has implemented a number of activities under the “Analysis of the Impact of Agricultural, Food and Nutrition Policies on Nutrition Outcomes in Africa” (AFPON) programme. The AFPON project seeks to contribute to the recent interest in leveraging agricultural […]
The Ministry of Home Affairs in Lagos state has said government was planning to review the Laws on money lending activities in the state. Commissioner for Home Affairs Olanrewaju Elegushi made this known on Friday, during a stakeholders’ forum with money lenders in Ikeja. Elegushi said there was need for the review as the laws […]
OPEC’s decision to cut oil production worldwide is yet another blow for oil-producing countries. The organization now forecasts a global demand of 0.99 million barrels per day, compared to more than a million. This slash they say is because of the Coronavirus outbreak in China. The first victim of this downward revision is the aviation […]
