The South African rand has hit a three-month low and stocks of property firms and retailers dropped as much as 7% in a single day, following the nation’s worst civil unrest in years which has resulted in more than 70 deaths. Rioting initially linked to...
African markets investment platform Invest Africa and South African financial services firm Absa Group have unveiled a strategic partnership aimed at supporting the development of business and investment across Africa. The collaboration combines Absa’s position as experts in providing a gateway to opportunities in Africa with...
A recently signed trade deal between the UK and Kenya will be extended to Burundi, Uganda, Rwanda, South Sudan and Tanzania, according to multiple media reports in Kenya. For several weeks, the UK-Kenyan Economic Partnership Agreement faced threats of not being ratified from both members of the...
African Development Bank president Akinwumi A. Adesina has reiterated that the fundamentals for strong economic growth are still in place in Africa, despite of the impacts of the COVID-19 pandemic. Adesina was joined last week by several international business executives and representatives of the UK government...
British long-distance runner Mo Farah has been appointed ambassador of Djibouti Ports and Free Zones Authority (DPFZA). Farah, who’s family hail from neighbouring Somaliland, was part of the ceremony that launched the redevelopment of the historical port into an East African business district. “We are delighted to...
US-based Aptive Capital has chosen to invest in three early stage African businesses following an application period for US$10,000 in equity capital from its $1 million portfolio fund. The Africa-focused venture capital firm will invest in digital marketing agency Skyfire Digital, Ugandan Bitcoin payment solution service...
Eight of the top 10 most valuable firms in Africa are located in South Africa, according to African Business magazine’s latest ranking of the continent’s top 250 companies by market capitalisation. The 2020 edition of the survey revealed that the total market cap of firms is...
Dangote Group has become the first African company to be accepted on to the Global Executive Council (GEC) of the Project Management Institute (PMI). PMI is one of the world’s largest not-for-profit membership associations for the project management profession, and its members include Airbus, Ali Baba...
Mauritius has been ranked as the highest performing African economy in the World Bank Group’s latest Doing Business report, but Nigeria came out as one of the most improved nations in the 2020 edition. The annual research looks at 190 nations and evaluates the business environment...
Safaricom is one of 30 global corporate heavyweights that will work together to free up trillions of dollars of private sector funds for sustainable development, in conjunction with the United Nations. The Kenyan telecoms giant's leader will join the Global Investors for Sustainable Development (GISD) Alliance,...