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News & Opinion·05 Nov 2026

01/05

News & Opinion

Breaking News Today- Thursday 5 November 2026

Breaking Business and African Startup news today which Includes:Brent crude futures fell below $94 per barrel this morning, Yellow Card acquires Brazilian VASP GoMoney, Nigerian health-tech Helium Health has secured a $2.5 million grant from Google, Morocco Lands Major Fuel Deal, Climate Funding Facility Launched, New African Agency AfCRA to Issue first Ratings by March2027.

Greg Stewart05 Nov 2026Read

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Technology

Sold Bitcoin? The Records You Will Need When SARS Comes Knocking

Crypto traders who use different exchanges and wallets may find that working out their tax is not as simple as checking their bank statements.

Vutomi Manzini·05 Nov 2026

Employer Deduction Returns Made Easy For SME’s

Operations & Efficiency

Sage adds Direct SARS Filing for Monthly Payroll Tax Returns

Sage has introduced a new integration that lets employers submit their monthly Employer Declaration (EMP201) returns straight from its payroll software to the South African Revenue Service.

Greg Stewart·05 Nov 2026

fintech

Kenya Introduces 16% VAT on Digital Payment Processing Fees

Banks and fintech companies in Kenya have begun applying a 16% Value Added Tax (VAT) to fees charged for processing and settling digital payments, adding another cost for businesses that rely on card machines, online payment gateways and merchant payment platforms.

Roy Mulenga·05 Nov 2026

start-ups

Six Zambian Startups Selected for GreenCode Programme After Lusaka Hackathon

Six Zambian startup teams have been selected for further development support following the GreenCode Hackathon Zambia 2026, where innovators spent 48 hours building technology-based solutions to environmental and economic challenges.

Roy Mulenga·05 Nov 2026

energy

TotalEnergies Sees Hormuz Oil Disruptions Accelerating Electric Vehicle Adoption

Disruptions to oil supplies through the Strait of Hormuz could accelerate the shift towards electric vehicles and alternative fuels, according to TotalEnergies' Energy Outlook 2026, published on 2 November.

Roy Mulenga·05 Nov 2026

energy

Solarcentury Africa Advances Solar Project to Supply First Quantum's Zambian Copper Mines

Solarcentury Africa is developing a 112 MWp solar power plant in Zambia to supply electricity primarily to First Quantum Minerals' Trident mining complex, which includes the Sentinel copper mine and Enterprise nickel mine in North-Western Province.

Roy Mulenga·05 Nov 2026

motoring

BMW's car business faces possible loss after second profit warning for 2026

BMW has cut its profit forecast again, and this time the company says its car division could end 2026 with an operating loss.

Vutomi Manzini·05 Nov 2026

fintech

Enza raises $6 million as African banks look to strengthen their payment systems

A bank does not have to build its own payment technology every time it wants to introduce a new way for customers to pay. That is the business Enza is targeting with its latest $6 million funding round.

Vutomi Manzini·05 Nov 2026

energy

DYQUE wants Nigerian businesses to replace some of their generator use with solar

A Nigerian business that runs a generator for several hours a day has to factor fuel into its monthly expenses. For a restaurant, workshop or small factory, that money could otherwise go towards stock, wages or equipment.

Vutomi Manzini·05 Nov 2026