Africa Business News
Pan-African business and economic news - trade, investment, markets and the deals shaping growth across the continent.
Royal Air Maroc Secures Groundbreaking Starlink Fleet Deal in African Aviation First
Morocco’s national carrier has confirmed an agreement to equip 41 aircraft with Elon Musk’s Starlink internet service, marking a major milestone as the first African airline to introduce the satellite technology onboard. The rollout forms part of a broader push to modernize passenger services and fleet operations.
By SHAHID YAKUB
Isuzu Motors South Africa Elevates Johan Vermeulen to Executive Vice President and Board Member
Isuzu Motors South Africa has appointed veteran executive Johan Vermeulen as Executive Vice President of Manufacturing and Product Engineering, effective September 1, 2026. This appointment reinforces enterprise leadership continuity and aligns technical operations with long-term corporate governance.
By SHAHID YAKUB
South Korea and Egypt Formalize Strategic Partnership to Deepen Industrial and Defense Ties
South Korea and Egypt have elevated their diplomatic and economic relations to a strategic partnership, sealing multiple agreements across defense, clean energy, and advanced technology. The pact builds on existing military collaboration and opens pathways for a Comprehensive Economic Partnership Agreement.
By SHAHID YAKUB
Subsea Cable Operator Seacom Places CEO Alpheus Mangale on Special Leave
The board of directors at subsea cable operator Seacom has placed Group CEO Alpheus Mangale on special leave following allegations regarding company operations. Chief Financial Officer Charl Slabbert steps into the interim role as an independent investigation gets underway.
By SHAHID YAKUB
Strive Masiyiwa's Cassava Recruits Dan Kwach to Accelerate Pan-African AI Data Centre Expansion
Cassava Technologies has rehired industry veteran Dan Kwach as executive for AI Data Centres to lead its artificial intelligence infrastructure expansion across the continent. The strategic move supports the technology group's deployment of NVIDIA-powered AI factories in multiple key regional markets.
By SHAHID YAKUB
FOYA Global 2026 Announces 1,797 Continental Nominees as Public Voting Opens for Decennial Milestone Edition
Commemorating a decade of recognizing continental entrepreneurship under the theme "10 Years of COBI: Consistency, Believing, Innovating," FOYA Global has officially unveiled 1,797 nominees advancing to public voting for its 2026 edition. Selected from over 5,000 regional submissions across 12 African nations, the shortlisted founders and businesses represent 15 core economic categories—spanning fintech, AI, manufacturing, agribusiness, and social impact.
By SHAHID YAKUB
East Africa Foods Secures $40 Million to Scale Agribusiness Infrastructure and Regional Logistics
Dar es Salaam-headquartered agritech and food distribution company East Africa Foods has raised approximately $40 million to expand its food supply chain infrastructure. The capital injection features a $26 million Series B equity round backed by major institutional investors to tackle agricultural supply bottlenecks across the region.
By SHAHID YAKUB
Rwanda and Senegal Formalize Eleven Bilateral Pacts to Accelerate Continental Trade
Rwanda and Senegal have formalized 11 cooperation agreements covering development, trade, and bilateral relations during the inaugural Joint Permanent Commission in Kigali. The accord aligns state political commitments with private sector execution under the framework of the African Continental Free Trade Area.
By SHAHID YAKUB
Africa Improved Foods Promotes Daniel Nyange to Managing Director to Drive Regional Nutrition Strategy
Africa Improved Foods Rwanda has appointed Daniel Nyange as its new Managing Director, succeeding Abraham Mathai. Nyange steps into the top leadership role after serving as Chief Operations Officer, where he spearheaded initiatives that delivered US$1 million in savings.
By SHAHID YAKUB
Zimbabwe Engages India's NPCI to Overhaul National Payments Infrastructure and Cut Transfer Costs
Zimbabwe is currently engaged in advanced negotiations with India's NPCI International Payments to adopt shared real-time transaction technology. The proposed agreement aims to bridge banks, mobile money operators, and fintech firms to accelerate transfers and lower financial friction.
By SHAHID YAKUB
Afreximbank and East African Business Council Forge Digital Trade Pact to Scale Regional Commerce
The African Export-Import Bank and the East African Business Council have signed the Africa Trade Gateway Agency Agreement in Nairobi. This digital trade pact connects enterprises to the 300-million-strong EAC Common Market and the wider AfCFTA market.
By SHAHID YAKUB