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The Death of the Retail Mall — Or Not
While Globally Retail Developments are Stalling, In Africa Retail is Flourishing
Breaking News Today - Monday 31 August 2026
Your Daily Breaking Business News and Market Update
Abu Dhabi's power play: 90% of Azura Power acquired
Abu Dhabi's TAQA-linked investors have taken a 90% stake in Azura Power, the gas plant that supplies a chunk of Nigeria's grid. Here's what the deal signals about who's really bankrolling Africa's energy infrastructure.
Lagos event shows Nigerian founders can tap global networks without leaving home
Nigerian founders are being given more opportunities to meet investors, business operators and professionals from the diaspora without having to leave the country to access those networks.
The Mining Wrap
From autonomous rigs replacing drill-and-blast in South African reefs to battery-electric kit going underground, this week's mining wrap tracks where the industry is actually putting its money.
AFC Capital Launches Climate Resilient Infrastructure Fund in Nigeria
Kenyan startup Flowt has raised undisclosed pre-seed funding to expand its AI-driven financial intelligence platform and provide working capital to climate-smart businesses.
Djibouti Launches Digital Platform to Connect Job Seekers and Employers
Djibouti Emploi was created to bring job seekers and employers onto the same platform while giving public agencies a central point for employment services.
Nigerian Voice AI Startup Intron Launches Sahara v2.5 for African Languages
Nigerian voice AI startup Intron has launched Sahara v2.5, an updated voice AI platform designed to handle conversations where people switch between English, French and African languages.
WorkKE is building a marketplace for Africa’s freelancers and skilled workers
There are plenty of skilled people in Africa looking for work. The problem is that having a skill does not always mean you know where to find the next customer. That is the gap Kenyan startup WorkKE is trying to address.
Breaking News Today – Thursday 27 August 2026
African Start-up News Headlines: Business News Today South African Business Liquidations Continue to Slow Business Liquidations in South Africa have continued to see lower numbers with the latest data from Statistics South Africa indication a year-to-date decrease of 4,9%, from 1 684 to 1 601 companies, recorded in the first seven months of 2026. In
No Free Lunch Podcast – Bringing Smart Phone Access to Africa
In this episode of No Free Lunch, Greg Stewart chats with Shaun Durandt, Head of Business Development at PayJoy, about how affordable smartphone access can help unlock earning potential, Learning access and business opportunity across African markets. The discussion explores the scale of the smartphone gap in Africa, the business model behind PayJoy’s responsible lending
Breaking News Today – Tuesday 25 August 2026
African Start-up News Headlines: Business News Today Bitcoin Rally Continues with Crypto Markets Following Bitcoin has surged in the last week hitting a more than 3-month high this morning above the $80 000 mark. The market signature crypto, has surged by over 23% in the last week and has seen a 3-day rally, the likes
Breaking News Today – Monday 24 August 2026
African Start-up News Headlines: Business News Today African Private Equity Group Gains Controlling Stake in Global Edu-Tech Group Alterra Capital Partners, a Private Equity group that has already invested roughly $1.9–2 billion across 20 odd companies in Africa, is set to acquire control of Unicaf, an online and blended learning platform focused on sub-Saharan Africa.
Former British soldier builds a $1 billion lending business in Kenya
Wayne Hennessy-Barrett arrived in Kenya in 2013 with little experience in finance and no loan book to speak of. What he did have was a question for the small traders he met in the country's informal markets: what do you need? The answer was simple. “I walked around and asked people what they needed,” Hennessy-Barrett
Former Goldman Sachs banker turns to Africa's funding gap
Grace Legodi has worked on both sides of the finance industry. She studied finance at the University of Cape Town, worked in mergers and acquisitions at Goldman Sachs in New York and Johannesburg, and later moved into venture capital and entrepreneurship development. She is now using that experience to fund early-stage businesses in Southern Africa
Founder Fridays : Booi Industries
Certain engineering problems can be solved on paper. Others demand years of understanding what happens when people, machines and rock meet underground. For Delisile Booi, that challenge began in 2007, when he started researching the limitations of conventional mining methods and looking at how engineering could make underground operations safer and more productive. That early
Geely launches its Riddara electric bakkie in South Africa
Geely has launched its Riddara electric bakkie in South Africa, with prices starting at R611,900. The Chinese brand is bringing three versions of the double cab to the local market, with one rear wheel drive model and two all wheel drive models. The range topping Riddara Apex RD6 4WD produces 315kW and 595Nm. This makes
African startups are making money by solving everyday business problems
African startups are increasingly building products for other businesses instead of trying to get millions of individual consumers to use their apps. The shift is showing up across areas such as payments, accounting, payroll, procurement, logistics and business software. For a startup, selling to another business can mean fewer customers are needed to build a
Cameroon Seeks US Capital for $3bn Hydropower and Digital Projects
Cameroon is using its first bilateral Economic and Commercial Dialogue with the United States to seek US capital and expertise for major infrastructure projects. The portfolio includes the $3 billion Grand Eweng hydropower project, a proposed new airport for Douala and large-scale data and cloud infrastructure. The meeting is taking place in Yaoundé on August
Kenyan fintech Flowt is using AI to help small businesses get working capital
Kenyan fintech startup Flowt is using AI to assess small businesses for working-capital loans, using the financial information they already generate through banks, accounting systems and M-Pesa. The Nairobi-based startup has raised an undisclosed pre-seed round from Delta40 Fund I and Impacc, with grant support from the Argidius Foundation. Flowt was founded by Elana Laichena