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 […]
Google introduces its new African cloud center through its March 19th launch. South African businesses rely heavily on this development particularly the companies using AI and data systems. This development brings cutting-edge computer processing directly within the African region. Through their partner Digicloud Africa Gregory MacLennan reveals numerous companies want Google’s cloud innovation and their […]
The UAE has called for a humanitarian ceasefire in Sudan during the holy month of Ramadan. The appeal came as regional leaders met in Ethiopia on February 14 to discuss the conflict that has been raging on for nearly a couple of years. Reem al-Hashimy, the UAE’s Minister of State for International Cooperation, highlighted that […]
The latest SU7 Ultra electric vehicle emerges from Chinese phone manufacturer Xiaomi at a high speed. This car achieves 0 to 60 mph acceleration in less time than Tesla offers in its fastest model. Customers will need to pay $73,000 for the SU7 Ultra since it enables 385-mile trips per charge and achieves 201 mph […]
Hassan al-Mansoori, the UAE’s Under-secretary for Infrastructure and Transport Affairs at the Ministry of Energy and Infrastructure, and South Africa’s Dean Macpherson, Minister of Public Works and Infrastructure, recently engaged in meticulous discussions. Both sides highlighted the longstanding bilateral relations and explored strategies to further enhance cooperation in sustainable infrastructure and transport. They also highlighted […]
On August 3, 2023, Somali President Hassan Sheikh Mohamud welcomed Ethiopian Prime Minister Abiy Ahmed for official diplomatic talks. The senior officials held their meeting because Ethiopia and Somalia made peace after their major conflict burst in January 2024 when Ethiopia proposed leasing Somaliland beachfront property. A diplomatic crisis developed between Ethiopia and Somalia when […]
Gen Z are shifting their priorities, no longer choosing retirement as the time to start enjoying life but taking intentional breaks. Micro-retirement has turned into the next big thing as the younger generation chooses this break to travel or take up other passions. Younger people prioritise mental health, personal fulfillment and meaningful experiences. Social media […]
The African Union commits to boost local vaccine production across the continent to cover more than 60% of its needs by 2040. The initiative emerged because Africa received only one vaccine dose for every three doses available worldwide by July 2022. Creating local vaccine production in Africa faces major barriers because this work needs 500 […]
Nearly a couple of years into a brutal conflict, Sudan is seeing an “unprecedented” humanitarian crisis. Half of the population is facing acute hunger. The fighting has already killed more than 20,000 people and displaced more than 14 million people from their homes, as per UN. The Sudan crisis represents malnutrition, population displacement and chronic […]
The US Secretary of State Marco Rubio and Kenyan President Ruto recently discussed the long-running conflict in the eastern Democratic Republic of Congo during a phone call and urged an immediate ceasefire, according to the State Department. M23 rebels recently made progress, marking the most serious escalation in more than a decade of the fighting. […]
The African Development Bank shows its leadership by supporting AGES25 as its top sponsor and working towards developing the continent sustainably. At AGES25 in Cape Town South Africa in 2025 the event will start businesses and new ideas for green and blue economic growth in Africa alongside climate adaptation strategies. Vuka Group creates a four-day […]
The destruction of USAID by President Donald Trump led South African scientists to stop their important research work. The BRILLIANT research initiative moved forward with its $45 million USAID funding to become a vital Africa-managed program against HIV. The Antiviral Gene Therapy Research Unit at the University of Witwatersrand located in Johannesburg witnessed promising research […]
The U.S. Embassy in Pretoria witnessed hundreds of white South Africans demonstrating their support for former president Donald Trump together with his assertions about racial mistreatment. The protesters mainly belonging to the Afrikaner community carried signs that supported Trump while expressing their disapproval of South African discriminatory laws. The rally happened after Trump issued an […]
The Italian G7 Presidency and UNDP help African entrepreneurs lead significant improvements in artificial intelligence technology creation through a powerful new approach. From 2024 the AI Hub for Sustainable Development helps both national and international innovation grow in Africa while resolving major AI development barriers. Following the Startup Accelerator Pilot’s launch the African AI innovators […]
Hyundai Motor Group offers students a broad scholarship opportunity through a partnership with SOAS University of London. Hyundai Motor Group established a scholarship program on February 10, 2025, when they signed the agreement at the SOAS Senate Chamber to develop young African leaders. Through the Hyundai Motor Group Scholarship system, the company provides £1.5 million […]
Volkswagen’s African unit exported a new high record of 131,485 ‘Polo’ automobiles to European and Asia Pacific countries in 2024 as per the firm said on Wednesday. This was a big increase from Volkswagen’s old year record of 108,422 vehicles manufactured in 2019. These are being manufactured at the Kariega factory in South Africa’s Eastern […]
Following US President Donald Trump’s announcement that he would stop providing funds to South Africa, the country’s stocks, government bonds and rand all declined on Monday. In South Africa, Trump said Sunday that “certain classes of people” were being treated “very badly” and that he would halt funding until the issue was looked at but […]
The newly elected Donal Trump had put a post on the Truth Social page stating that “I will be cutting off all future funding to South Africa until a full investigation of this situation has been completed! ” He put allegations on “South Africa” that it “is confiscating land, and treating certain classes of people […]
The artisanal gold mine in southern Mali experienced a landslip on Wednesday. A group of female gold miners in Mali died in a landslide that engulfed them, the office of the governor of the Koulikoro area of the West African nation reported Thursday. The number of casualties was not specified however it was stated that […]