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AfricInvest Begins Exit From Centaures
AfricInvest is beginning to cash out of Centaures, the Ivorian logistics and transport group it backed in 2018. The private equity investor said it has reached an agreement with the Delsuc family, which founded the business, and expects to complete its exit from SIPO Holding, Centaures' parent company, by the end of 2026. The investment
Operational Efficiencies: Cutting Costs in High-Inflation Environments
In high-inflation environments such as you commonly find in Africa, the pressure on founders and CEOs to cut costs can be intense and a constant need. There are multiple causes such as currency volatility, rising input prices, and margins squeezed by competition, and reducing expenses can feel like an episode of survival. However, there is
Startup Mondays: How to Track startup performance
A common pitfall for startup founders is prioritizing growth metrics that lack real business value. Website traffic, social media followers, and app downloads can create a sense of momentum, but they do not capture the underlying health of the company. Without clear, relevant performance indicators, decisions are driven by assumptions and not data. Tracking startup
Nigeria's new telecom operators face uphill battle
Every few days, Ewoma Okweni buys another internet bundle. The Lagos-based audit officer spends most of her working day online. There are spreadsheets stored in the cloud, PowerPoint presentations, video meetings and a growing collection of Chrome tabs she never quite gets around to closing. Twenty gigabytes barely lasts half a week. Data has become
Breaking News Today – Monday 8 June 2026
African Start-up News Headlines: Business News Today South Africa Kenya Summit Misses Major Mile-stone Status While forums held alongside President William Ruto’s state visit to South Africa last week resulted in six new Memoranda of Understanding (MoUs) signed, bringing the total bilateral agreements between the two countries to 34. The questions remains if they will
Global Fragmentation Accelerating Resilience in Africa
The World Economic Forum’s June 2026 report – Deepening Divides: The Cost of a More Fragmented Financial System, paints a sobering picture of the risks facing emerging markets and developing economies (EMDEs). It warns that in a severe escalation scenario, fragmentation could shave up to 10.7 percentage points off GDP growth for Neutral blocs, which
Mental Health Support for African Founders Under Pressure
Building a company in Africa as a founder means your name is on the lease, the payroll, and the loan your cousin took because you “run a tech startup.” It means explaining to your board why growth stalled during a fuel crisis, then going home to explain to everyone why you still can’t pay yourself.
The Mining Wrap
Several notable developments emerged across Africa's mining sector this week, spanning artificial intelligence, automation, equipment innovation, strategic acquisitions, and critical minerals development. From AI-powered exploration in Zambia to autonomous mining operations in Mali. Mining startup KoBold Metals continues advancing its Mingomba Copper Project in Zambia while expanding the use of artificial intelligence in mineral exploration.
Breaking News Today – Friday 5 June 2026
African Start-up News Headlines: Business News Today Nigeria’s Dangote Refinery Hits a Major Operational Milestone. The Dangote Petroleum Refinery in Lagos has successfully processed over 700,000 barrels per day (bpd) during recent tests, exceeding its original 650,000 bpd nameplate capacity. This solidifies its position as the world’s largest single-train refinery. It marks a significant step
Smartphone price hikes loom for Nigerian consumers
The days of buying a budget smartphone without worrying about the price may be ending. Research firm Omdia says smartphone prices in Nigeria could rise by up to 30% before the end of the year. Manufacturers are facing higher costs for memory chips and other components. For a market built on affordability, that presents a
Business School – Building Efficient Distribution Networks for African Products
Distribution should no longer just be considered a backend operation, rather it is a core strategic advantage, especially for African businesses. Whether selling physical goods like agricultural produce, fashion, artisanal crafts, or digital products such as software, e-books, and creative content, an efficient distribution network can determine the difference between a struggling startup and a
Uber expands electric motorcycle fleet in Kenya
Uber will double its electric motorcycle fleet in Kenya by the end of 2026. The move follows the growth of its e-boda service in Nairobi. The ride-hailing company launched the service in 2023 as an alternative to petrol-powered motorcycles. These bikes dominate Kenya's boda boda industry. Since then, electric motorcycles have attracted riders looking to
Tanda Brings Informal Market Traders Into Nigeria's Digital Economy
Nigerian startup Tanda is looking to bridge the gap between traditional market trading and digital commerce by helping informal merchants sell products online through a platform designed around existing market structures. Launched last month, the platform enables traders, many of whom have never sold products online before, to create digital listings and reach customers beyond
Dangote Refinery Eyes Global Jet Fuel Markets as Supply Pressures Grow
Nigeria's Dangote Refinery is looking to expand aviation fuel exports as tightening global supplies create new opportunities in international markets.The 650,000-barrel-per-day refinery, located in Lekki near Lagos, is currently operating at full capacity and producing more kerosene than the domestic market can absorb. According to Chief Executive David Bird, the refinery has a sustained surplus
AI demand drives sharp rise in chip prices
The artificial intelligence boom is creating winners and losers across the technology sector. Memory chip manufacturers are among the biggest beneficiaries. According to Morgan Stanley, memory chip prices have increased sixfold over the past year. Demand from AI companies continues to outstrip supply. The surge is creating challenges for manufacturers of smartphones, PCs and gaming
Libya's Oil Revenue Hits Decade High as Production and Prices Rise
Libya's state-owned National Oil Corporation (NOC) generated approximately $4 billion in revenue during May 2026, marking its strongest monthly performance in more than a decade. The figure was announced by NOC Chairman Masoud Suleiman during an event at the company's headquarters in Tripoli on June 1. Suleiman attributed the result in part to reforms introduced
Is African Debt Mis-priced? Questioning the Persistent Interest Rate Bias Against the Continent
Recent comments by Ghana’s President John Dramani Mahama and Finance Minister Cassiel Ato Forson have reignited debate about how international markets price African sovereign debt. Speaking at an investor conference in London in early June 2026, they described African debt as “mispriced” and called for faster, fairer restructuring tools. Ghana is aiming for investment-grade status
Breaking News Today – Thursday 4 June 2026
African Start-up News Headlines: Business News Today African Debt Mis-Priced – Ghana Yesterday, 3 June 2026, at an investor conference in London (Ghana-UK Investment Summit / Africa Debate), President John Dramani Mahama and Finance Minister Cassiel Ato Forson argued that African debt is “mispriced”. This is not a new statement, however Ghana are concerned about international
BMW IT Hub Celebrates 20 Years of Tech Innovation
BMW Group South Africa is celebrating 20 years of their BMW IT Hub, a milestone that recognises two decades of investing in South African people, IT skills development and world-class digital capability. The BMW IT Hub, one of four BMW business entities in South Africa, was established in 2006 as a specialised support unit, and
Microsoft Announces New Tools and Devices at Build 2026
Microsoft announced a series of new workplace tools, hardware products and healthcare initiatives at its Build developer conference in San Francisco as competition in the artificial intelligence market heats up. The company detailed a range of new products and projects, including software designed to handle routine tasks, a Nvidia-powered computer for developers, connected devices built