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, […]
In a welcome change for consumers and businesses in Nigeria, seven banks in Nigeria have now restored international dollar payments using Naira-denominated debit cards. After almost three years of restrictions, these seven banks have revived the option for users to now perform foreign purchases and subscriptions directly, without the need of a domiciliary account or […]
Nigeria has begun its landmark tax reform process with the creation of four new laws such as Nigeria Tax Act, Nigeria Tax Administration Act, Nigeria Revenue Service Act and Joint Revenue Board Act which will come into force on the 1st January 2026. Consolidated and Simplified Tax System The Nigeria Tax Act consolidates over 50 […]
The Federal Government of Nigeria is about to launch its ‘Africans for Africa’ Fund, a new financing programme that is designed to support African-led investment that will revolutionize Africa’s mining and natural resources sectors. The announcement was made in advance of the 2025 African Natural Resources and Energy Investment Summit (AFNIS), scheduled to be held […]
During the 32nd Annual Meetings of Afreximbank recently held in Abuja, Nigeria, the continent of Africa launched PAPSSCARD, the first Pan African card payment scheme. PAPSSCARD is a new Pan African payment scheme developed by the African Export Import Bank (Afreximbank) in partnership with the Pan African Payment and Settlement System (PAPSS) and Mercury Payment […]
By 2025, virtual dollar cards have become indispensable for Nigerians as they shop globally, pay for streaming platforms, manage subscriptions and freelance work abroad. Here are the best seven notable dollar cards based on exchange rate, low fees and ease of use. 1. Eversend A multi currency wallet that offers virtual USD cards along with […]
Kigali will become the first city in sub-saharan Africa to develop an urban cable car transit system, through a significant endorsement from the African Development Bank (AfDB) which has granted a $500,000 to support a full and complete feasibility study for the planned Kigali Urban Cable Car Project which is expected to transform public transportation […]
In 2025, renewing your motor vehicle license in South Africa carries more importance and potential cost than it has in the past. The prices of license renewal differ greatly across provinces like Gauteng, the Western Cape and KwaZulu-Natal show significant differences. According to BusinessTech, Gauteng and the Western Cape had increases of between 6–7% and […]
In 2025, a growing number of Nigerian students are taking advantage of various methods of the internet to earn money while also pursuing their studies. There are many legitimate ways to make money online if you have the right abilities and tools. It doesn’t matter whether it’s freelancing, affiliate marketing, etc. In this guide, we […]
Business and Arts South Africa (BASA) has revealed that Beth Arendse has been appointed as BASA’s new Chief Executive Officer, effective from 1 July 2025. As an experienced, innovative leader with over 25 years of accomplishments in South Africa’s creative and cultural sector, Arendse brings visionary, experiential industry knowledge coupled with a commitment to inclusive […]
Astron Energy, one of the leading fuel companies in South Africa is embroiled in legal proceedings with the South African Revenue Service (SARS) that relates to a tax assessment of R2.7 billion. The dispute relates to a customs and excise audit that SARS completed between May 2015 and March 2017 before Astron was acquired by […]
In this digital age, safeguarding your money is extremely important. If you lose your UBA ATM card or have a suspicion that your account might be compromised, you need to take swift action to prevent any possible fraud. There will be a few steps on how to block your UBA account and even your debit […]
During early Friday trading on the 13th of June, the South African rand fell 1.6% to 18.04 per USD, as global risk aversion rose amid Israeli military action concerning Iran. As investors shifted their focus to safe-haven assets, the rand’s well-documented rally—based on the resolution of a budget dispute and elevated commodity prices—came to a […]
Nigeria has paid off the full principal of its $3.4 billion loan from the International Monetary Fund (IMF), with the last payment made on April 30, 2025. This loan, given in April 2020 as part of IMF’s Rapid Financing Instrument (RFI), was meant to help mitigate the negative effects of the COVID-19 pandemic on the […]
This Friday the Economic Freedom Fighters (EFF) will lead a march against Kleinfontein located in eastern Pretoria which remains a controversial settlement. The demonstration intends to confront the segregationist activities that critics accuse Kleinfontein of practicing since the end of apartheid in South Africa. The Pretoria area contains the investigated police operation of Kleinfontein which […]
BLACKPINK‘s vocalist Rosé prepares to release her movie soundtrack “Messy” for the Formula 1 film featuring Brad Pitt as announced by Formula1.com. Through her social media Rosé announced her movie soundtrack for F1 THE MOVIE which gets released on June 27. Rosé joins an impressive lineup of musical talent on the 17-track album, including: The […]
The South African Social Security Agency (SASSA) informs its beneficiaries that Workers’ Day on May 1st will push the May 2025 grant payments to begin on May 3rd. The South African Social Security Agency (SASSA) follows particular instructions while confirming that their payments will start one day after the public holiday on May 3rd. Older […]
A team from the West African group ECOWAS (Economic Community of West African States) has left Guinea-Bissau after the country’s president, Umaro Sissoco Embalo, reportedly threatened to kick them out. The ECOWAS team had arrived last month to help local leaders agree on how and when to hold elections this year. They even prepared a […]
MultiChoice and NBCUniversal have given $145 million to support Showmax Africa. This money will help with running the business and growing it. The money was shared between the two companies based on how much of Showmax Africa each one owns. They agreed to provide funds regularly to Showmax. The mode of fund transfer will be […]