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Mozambique Wants Local SMEs to Supply Its Gas Industry
Mozambique is looking for ways to get more of its own businesses involved in the country's growing gas industry. Representatives of the Mozambican business community recently met with the Texas Africa Chamber of Commerce, with discussions covering how US companies could help local small and medium-sized businesses work with gas projects.
Lesaka posts first profit, but its biggest business is going backwards
Lesaka Technologies has finally moved into the black, but its biggest source of revenue is going the other way. The company made $2.8-million in profit for FY2026, a big change from the $91-million loss it reported a year earlier.
Angola has $395m in British investment projects — but who gets the work?
Angola has 18 investment projects involving British companies worth about $395 million, according to Finance Minister Vera Daves de Sousa. The projects include telecommunications, technology, energy, mining, services and non-bank financial businesses.
The Cost of an Empty Desk: What Happens When an SME Cannot Fill a Job
A small business can leave a job vacant for a month without immediately seeing a problem in its accounts. There is no salary to pay. No new laptop needs to be bought. No office space is needed for another employee.
Mota-Engil gets $62.6 million guarantee for Angola's Lobito railway
Mota-Engil has secured $62.6 million in guarantees from the World Bank Group for its investment in Angola's Lobito Atlantic Railway.
TotalEnergies bets another $10 billion on Angola's offshore oil
TotalEnergies is planning to put $10 billion into Angola over the next five years, adding to the money it is already spending on one of Africa's biggest offshore oil operations.
Twiga Foods enters administration as Kenya startup runs out of room to restructure
Twiga Foods has entered administration in Kenya, putting one of the country's best-funded startups under the control of an administrator after several years of job cuts, funding problems and changes to its business.
South Africa builds cars. So why are imported cars cheaper?
South Africa has been building cars for years. Toyota, Volkswagen, Ford, Isuzu and Mercedes-Benz all have manufacturing operations in the country.
PressOne grew quickly. Then it had to figure out why customers were leaving
When Mayowa Okegbenle started PressOne, the problem was easy to understand. Small businesses were using personal mobile numbers to deal with customers.
Namibia is putting another $82 million into uranium
Namibia is attracting another major investment into its uranium industry, at a time when nuclear power is becoming more important in the global energy market.
Electric motorcycles are changing the economics of two-wheel transport in Africa
Electric motorcycles and three-wheelers are finding buyers across Africa, with imports from China rising this year.
Shine 2027 opens funding for Cape Town startups solving climate problems
A Cape Town startup working on electricity, waste, transport, buildings or other urban problems now has another funding option to consider.
Effective Sales: How [Founder/Salesperson] Gets Customers to Buy
Getting customers to buy is one of the hardest parts of running a business. You can have a good product and people can tell you they like it, but that does not mean they will pay for it.
Ethiopia, Djibouti and Sudan are building another route for internet traffic
Ethiopia, Djibouti and Sudan are working on a fibre connection that could give telecom operators another way to move internet traffic across the region.
Drive45 gets $3 million to expand corporate transport in Nigeria
For many companies in Nigeria, getting employees to work is part of the cost of doing business. A company with a large workforce may have to pay for buses, drivers, fuel, insurance and maintenance.
Africa has millions of women running businesses. Getting money to grow is still the problem
For many women running small businesses in Africa, the problem is not finding something to sell or finding customers. It is having enough money to keep the business moving.
Botswana launches national eKYC project to make bank verification easier
If you have ever opened a bank account in Botswana, you probably know the paperwork that comes with it. You may need your Omang, proof of address and other documents before the bank can verify who you are.
Mach Industries doubles valuation to $3.7 billion after $600 million funding
Defense technology startup Mach Industries has raised $600 million in new funding, taking its valuation to $3.7 billion just three months after its previous funding round.
Tether launches $400m fund targeting underserved SMEs
For many small businesses, getting a loan from a bank is not straightforward. They may not have enough assets to use as security or the financial history a bank wants to see.
WapiPay expands its African to Caribbean payment network
If an African business needs to send money to a company in Jamaica, it has to deal with more than just changing one currency into another.