Africa Business News – Read economic news today, South Africa business updates, and latest economy trends and developments.
A wide-ranging crackdown against organised cybercrime gangs has led to the arrest of 58 individuals in 22 countries and six continents, as Interpol targets criminal gangs accused of conducting romance, cryptocurrency, investment and other financial scams. This particular crackdown, dubbed Operation Jackal IV, targeted West African crime syndicates, particularly the Nigerian-based Black Axe syndicate, which, […]
Nigeria is one step away from making one of the most significant discoveries in its offshore oil sector as the $21 billion Bonga Southwest/Aparo deep-water development is getting closer to Final Investment Decision. According to the deal between Nigerian National Petroleum Company Limited (NNPC Ltd), Shell, and their international partners, the development would have a […]
African content is getting more attention around the world. While Nigerian films (Nollywood) are already well-known, East Africa—especially Kenya—is starting to shine too. Kenya is now creating shows that people everywhere want to watch. Companies like D&R Studios are leading the way. They’ve made popular shows like The Real Housewives of Nairobi, Sol Family, This […]
South Africa’s very first multiple-party government from the post-apartheid period deals with critical threats as ANC and DA leaders fight about the national spending plan while South African money struggles in unstable political times. The ANC Secretary General Fikile Mbalula confirmed on Tuesday that his party sticks to the multiparty government plan even though the […]
Police shot and killed a protected witness in South Africa’s Wynberg Magistrate’s Court in Cape Town on the morning of Tuesday. The National Prosecuting Authority of Western Cape confirmed the murder while protecting investigation facts until experts complete their work. “The deceased served as an official State witness, yet we cannot discuss which prosecution matter […]
The 2025/26 season marks the start of the new Proteas Men’s contracted squad as CSA has given 18 national contracts plus 2 hybrid contracts to its players across June 2025 and May 2026. CSA created hybrid contracts so that David Miller and Rassie van der Dussen can participate in specified bilateral tours and ICC events […]
Low-cost European airline companies started flying directly to Western Sahara even though Morocco and Polisario Front keep fighting for its territorial rights. Ryanair and Transavia began airline flights that link Madrid and Paris air routes to Dakhla Airport in the disputed territory. The low-cost €20 flights received strong support from travelers when Spanish hotel developer […]
Through their joint venture with Nvidia, Cassava Technologies creates the first African AI production facility to help local inventors. Cassava Technologies revealed its AI factory initiative at the Global AI Summit on Africa Kigali before the event began. Nvidia supercomputers will enter data centers across Africa with South Africa receiving them first in June under […]
On Friday, South Africa’s government leaders warned that President Trump’s wide trade tariff policies have zeroed out Africa’s AGOA benefits. Since its start in 2000 the trade initiative has connected US markets with eligible sub-Saharan African countries but its ending date is set for September. The chances of AGOA extension decline strongly due to Trump’s […]
The International Finance Corporation gives Raxio Group $100 million to accelerate their data center building efforts throughout Sub-Saharan African regions. Raxio plans to quickly open data centers across Africa twice as fast during next three years thanks to this major investment. The company looks to grow its presence in Ethiopia, Mozambique, the Democratic Republic of […]
Starting April 2, South African drivers will get lower costs when filling their tanks as fuel prices decrease for all gas and diesel types according to unaudited CEF data. Based on latest estimates petrol types 93 Unleaded receive a drop of 64 cents and 95 Unleaded experiences a decrease of 78 cents in price per […]
The U.S.-based driver training company Zutobi analyzed road safety worldwide and found South Africa stays last in driving danger since its first ranking. South Africa kept its position as the last ranked country on the safety indicators list for driving safety two years running according to data in the comprehensive annual report. India stands among […]
The Somali president supports their military forces to eliminate the threats from Al-Shabaab, ISIS, and Al-Qaeda. The Somali National Army successfully recovered important regions while damaging extremist bases. President Hassan Sheikh Mohamud visits military outposts to boost the fighting spirit of his forces and demonstrate that the government fights terrorism. Together with outside partners, these […]
In 2025 the South African Social Security Agency (SASSA) announced its designated dates for social grant payments that benefits millions of vulnerable people nationwide. SASSA has chosen specific dates to send social aid money on time and maintain smooth operations. Key Payment Dates for Different Grant Categories The arrival schedule of your social grant payment […]
Two mobile telecom leaders, MTN Group and Airtel Africa, joined forces to create a new digital infrastructure system throughout African nations, as reported by Reuters. The two companies formed their strategic partnership on Wednesday, and they started by sharing network infrastructure in Uganda and Nigeria with future potential expansion across the area. Through this partnership […]
South African President Cyril Ramaphosa defended his nation against claims of white discrimination made by tech magnate Elon Musk. After his birth in South Africa, Musk took to social media to assert that a main political group pushes for killing white people. The Economic Freedom Fighters party gained notice when its members sang “Kill the […]
Hilton launched Signia by Hilton for its first appearance in Egypt and Africa through its hotel expansions. These hotels at Signia by Hilton Cairo Skywalk will become the first of their kind when they start operating in West Cairo’s newest development. Two properties placed in an active business and leisure park will provide 200 guest […]
UNICEF reported that, nearly 2900 people died of cholera across Eastern and Southern African countries while children suffer most greatly from this outbreak. UNICEF recorded 178000 cholera cases across 16 countries during the last 14 months. South Sudan experienced its most severe cholera outbreak in twenty years, where patients increased to 40,000 while 694 people […]
Enza, based in the United Arab Emirates, obtained $6.75 million in initial investment funding from Algebra Ventures and Quona Capital. Since its founding in 2023 by Hany Fekry the company received its initial financial support through this investment. Enza wants to build its business in additional African nations with new investment funds. The business supplies […]
Creative Africa Nexus (CANEX) is running the Book Factory Prize for Publishing in Africa again to award $28,000 to African publishing excellence in 2025. From March 17 to April 30, 202,5, African publishers can apply for the competition by sending published trade books from the past year. The $20,000 first prize goes to a winner, […]