Africa’s private capital market is tilting decisively toward consolidation, with mergers and acquisitions accounting for a significant share of deal activity in early 2026 as companies respond to tighter funding conditions and rising competition. M&A made up nearly 25% of Africa’s deals in Q1 2026 as funding remains tight. MTN’s $6.2bn IHS deal signals a…
Flutterwave has denied reports that it has secured a $75 million investment from the Nigerian government, while also distancing itself from claims that it is preparing for an imminent initial public offering. Flutterwave has rejected claims that it secured a $75 million investment from Nigeria’s government. The fintech firm said recent reports misinterpreted ongoing discussions…
Kenya’s president, William Ruto, recently revealed why Kenya’s fuel prices are reacting more aggressively to the Iranian war than fellow East African countries. Kenyan President William Ruto explained that Kenya’s higher fuel prices compared to its neighbors are due to its status as a middle-income country, unlike its low-income neighbors. Ruto stated that fuel taxes…
The United States is stepping up efforts to secure critical mineral supplies from Africa, focusing on uranium-rich Namibia as competition with China intensifies across the continent. The US is increasing efforts to secure uranium and other critical minerals from Namibia amid competition with China. US officials aim to boost uranium imports and support local production…
Reports that the Nigerian federal government has approved a $75 million investment in Flutterwave, Africa’s largest fintech company, remain unconfirmed by the company itself, despite widespread media coverage and an initial social media post by a presidential aide that has since been deleted. Reports of a $75 million investment by the Nigerian government in Flutterwave…
African finance ministers and central bank governors are turning to global lenders as the economic fallout from the US–Iran war threatens to reverse recent stabilisation gains across the continent. African policymakers are seeking support from global lenders as the US-Iran conflict disrupts recent economic gains across the continent. Rising energy costs and supply chain issues…
Burkina Faso has told West African Resources Limited it plans to raise its stake in the Kiaka gold mine to 40%, up from 15%, in a move that comes as the Australian-listed producer projects a sharp increase in output from its West African operations. Burkina Faso plans to increase its stake in the Kiaka gold…
Cape Town will receive its first electric bus for MyCiTi network in August, marking a major milestone in Africa’s transition to cleaner public transport as cities seek to cut fuel costs, reduce emissions and modernise ageing transit systems. Cape Town receives first electric bus in August MyCiTi fleet to add 30 e-buses by 2027 Cape…
Global commodities trader Trafigura has agreed to purchase future gold output from Ghana’s Bogoso-Prestea mine while extending a $65 million financing facility to its owner, Heath Goldfields, in a deal aimed at restarting production at the troubled asset. Trafigura has signed a gold offtake agreement with Heath Goldfields, tied to a $65 million financing package.…
