Africa Business News
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Africa Business News
Daily news insights and analysis of the African business Landscape, covering from emerging startups to macroeconomics from across the 55 African Union member states com.
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BRICS Nations Slam Trump Tariffs, Condemn Strikes On Iran
BRICS leaders at a summit took aim at US President Donald Trump’s “indiscriminate” import tariffs and recent Israeli-US strikes on Iran. The 11 emergi...
Elon Musk Set To Launch New Political Party
Elon Musk says he is launching a new political party, weeks after dramatically falling out with US President Donald Trump. The billionaire announced o...
Namibia Halts All State Funerals Amid Criticism Of The High Cost
The Namibian government has announced a temporary ban on state funerals amid criticism over the rising costs of these burials. Only President Netumbo...
Nigerian Upstream Petroleum Regulatory Commission earns N28bn From Oil Licensing Fees
The Nigerian Upstream Petroleum Regulatory Commission has generated a total sum of N28.11bn in miscellaneous oil revenue tied to licensing fees and re...
Nigerian Communications Commission gives Tower Companies Deadline To Improve Internet Quality
The Nigerian Communications Commission, the regulator for telecom firms and internet service providers, has said it will introduce a portal for tower...
Nigerian Government Fines Multichoice N766m Over Privacy Breaches
The Federal Government, through the Nigeria Data Protection Commission, has imposed a fine of N766million on Multichoice Nigeria for breaching the Nig...
Trump Says He’s Found A Buyer For Tiktok
President Donald Trump says a group of very wealthy people is set to buy short-form video app TikTok. Trump declined to share more details about the...
Ethiopia To Allow Foreign Banks For First Time In 50 Years
Ethiopia’s central bank has issued a long-awaited directive allowing foreign banks and investors to formally enter its financial sector, marking a ma...
DR Congo and Rwanda sign long-awaited peace deal in Washington
Rwanda and the Democratic Republic of Congo have signed a peace deal in Washington aimed at ending decades of devastating conflict between the two n...
Nigerian Health Insurance Authority sanctions 49 Health Facilitie Over Service Breaches
The National Health Insurance Authority has sanctioned 49 healthcare facilities and 47 Health Maintenance Organisations in 2024 over violations of it...
Nigerian Govenor Says Insecurity Is An Elite-Created Problem
Governor Caleb Mutfwang of Plateau State has described Nigeria’s lingering insecurity as a problem created and sustained by the country’s elite. Mutf...
Nigeria’s Government Implements Major Tax Overhaul
Nigeria's President Bola Tinubu has signed four finance bills into law in a set of major reforms aimed at restructuring the tax system in Africa's mo...
Iran Threatens US Bases In Response To Strikes On Nuclear Sites
Iran threatened US bases in the Middle East after massive air strikes that Washington says had destroyed Tehran’s nuclear program, though some officia...
US Asks China To Stop Iran From Closing Strait Of Hormuz
US Secretary of State Marco Rubio has called on China to prevent Iran from closing the Strait of Hormuz, one of the world's most important shipping ro...
Rwanda And DR Congo Agree Draft Peace Deal To End Conflict
Officials from Rwanda and the Democratic Republic of Congo have reached a draft agreement aimed at ending decades of conflict. The breakthrough, media...
Egypt Tightens Payments Rules
The Central Bank of Egypt has dropped a new rule for anyone running a digital payment business in Egyptwhether domestic or foreign company. The regula...
Nigerian Government Backs Plan To Build $400m Minerals Plant In Nasarawa
The Federal Government has pledged full support to a $400 million Foreign Direct Investment plan to build Africa’s largest, rare earth and critical mi...
Nigerian President Orders Security Agencies To Defeat Remnants Of Boko Haram Insurgents
President Bola Tinubu has directed security agencies to redouble their efforts in defeating the remnants of Boko Haram insurgents in the country. The...
Trump Orders Increase In Migrant Deportations
US President Donald Trump has ordered an expansion of the detention and deportation of migrants across the country as protests against his policies co...
New York Passes A Bill To Prevent Ai-fueled Disasters
New York state lawmakers passed a bill that aims to prevent frontier AI models from OpenAI, Google, and Anthropic from contributing to disaster scenar...
Congolese Rebels Want Peaceful Solution To Crisis
The head of the UN peacekeeping mission in the Democratic Republic of Congo has held talks with Rwanda-backed rebels about protecting civilians in are...
FCCPC summons Air Peace over flight cancellations, unpaid refunds
The Federal Competition and Consumer Protection Commission has summoned the management of Air Peace Limited following multiple complaints from passeng...
UN Launches $29b Appeal Amid Uncertain Economic Outlook
The United Nations’ humanitarian agency says that it was seeking $29 billion in funding compared to $44 billion requested in December, in a “hyper-pri...
Nigerian Court Grants Emefiele ₦2bn Bail
Justice Yusuf granted the bail after Emefiele was arraigned on an eight-count charge in which he is accused of among others, unlawfully acquiring a ho...
Dangote Refinery Offers Marketers Free Delivery Of Petrol, Diesel
Dangote petroleum refinery has announced the free distribution of petrol and diesel to marketers, dealers, and other large users across the country....
US-China Talks End With Plan For Trump And Xi To Approve
The US and China say they have agreed in principle to a framework for de-escalating trade tensions between the world's two biggest economies. US Comme...
US Restores Some Medical Research Grants
A senior US health official admitted President Donald Trump’s administration had gone too far in slashing biomedical research grants worth billions of...
World Bank U-turn Ends Loan Ban To Uganda Over Gay Rights
The World Bank says it is lifting a ban on loans to Uganda that it had put in place two years ago when the country passed a draconian new law against...
Rwanda Pulls Out Of Regional Bloc Over DR Congo Row
Rwanda says it is pulling out of a central African regional bloc after a diplomatic row over its involvement in the conflict in the east of the Democr...
World Bank Retains Nigeria’s Growth At 3.6%
The World Bank has reiterated its projection that the Nigerian economy would grow by 3.6 percent in 2025 despite the shift in the global trade dynamic...
Nigerian Government’s Savings After Petrol Subsidy Removal Surge By Over 500%
The National Orientation Agency says the Federal Government’s first quarter 2025 savings following the removal of petrol subsidies increased by more t...
UK Plans $2bn Weapons Upgrade For ‘War Readiness’
Prime Minister Keir Starmer has warned the United Kingdom must be prepared to confront and defeat hostile states with modern military capabilities, as...
Australia Questions China Extraordinary’ Military Build-up
Australia's defence minister Richard Marles has called on China to explain why it needs to have "such an extraordinary military build-up". He says Bei...
Kenya’s Equity Group Fires 1,200 Staff After Internal $15.4 Million Fraud Probe
Equity Group, Kenya’s second-biggest bank by assets, has fired more than 1,200 employees in a sweeping internal purge to crack down on fraud. CEO Jame...
Death Toll In Nigeria Floods Hits More Than 200
Nigerian Officials says the death toll after deadly floods hit the Nigerian town of Mokwa on Thursday has risen to more than 200. There are still 500...
Nigerian State Rolls Out E-hailing Taxi Service, EBOCAB
The Ebonyi State government launched EBOCAB, a ride-hailing platform to provide smart and affordable transportation alternatives for its people. The...
Nigerian Government Plans 77,400 Housing Units Nationwide
The Federal Government has announced a landmark initiative under the Renewed Hope Agenda to deliver 77,400 social housing units across Nigeria and lau...
U.S. Lawmakers Have Concerns About Apple-Alibaba Deal
The Trump administration and congressional officials are scrutinizing a deal between Apple and Alibaba that would bring Alibaba-powered AI features t...
OpenAI’s Planned Data Center In Abu Dhabi Would Be Bigger Than Monaco
OpenAI is poised to help develop a staggering 5-gigawatt data center campus in Abu Dhabi, positioning the company as a primary anchor tenant in what...
Tigray Party Says Ban Threatens Ethiopia Peace Deal
Ethiopia's main opposition party has condemned a ban on its activities, saying it posed a serious threat to the 2022 peace deal that ended two years...