In the second week of March, Africa’s second richest man, Johann Rupert, through Remgro, his investment firm, sold 52 million shares (worth a little over $200 million) in one of Africa’s largest listed financial services groups, FirstRand. Johann Rupert’s investment firm, Remgro, sold its remaining shares in FirstRand, divesting a non-core asset worth over $218…
Comments from the president of Kenya, William Ruto, on fuel prices in East Africa may have engendered some friction in the region, as Tanzania recently gave a dramatic response. Kenyan President William Ruto commented that higher fuel prices in Kenya are due to its middle-income economy and extensive road network. Ruto asserted that Kenya’s road…
Africa’s aviation industry is facing mounting pressure as the economic fallout from the war in Iran drives up fuel costs, disrupts flight routes, and threatens the financial stability of several carriers. Africa’s aviation sector is under pressure as the war in Iran drives a sharp rise in global oil and jet fuel prices. Airlines face…
Africa’s private capital market opened 2026 with a surge in value, even as the number of deals slowed, pointing to a shift in how investors are approaching the continent. Africa’s private capital market hit $16.1 billion in Q1 2026 despite a drop in deal volume. Mega deals in Nigeria, including MTN–IHS and Dangote Refinery financing,…
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…
