Africa Business News Headlines, Business Breaking News
Top 10 Business News Headlines from major African news sources aggregated in one place
South African trade delegation gets support from Biden Administration, Congress for AGOA renewal
A top-level South African trade delegation to the US led by the government says it has garnered support from President Joe Bidens administration and members of Congress for a renewal of the Africa Growth and Opportunity Act (AGOA). A
South African billionaire Stephen Saad gains $34.1 million from Aspen stake
South African billionaire and pharmaceutical mogul Stephen Saad has seen his stake in Aspen Pharmacare increase by $34.1 million, now exceeding $750 million, due to a recent uptick in the company's share price on the Johannesburg Stock Exchange (
Nigeria's richest banker Jim Ovia's Zenith Bank seeks approval for $117 million rights issue
Zenith Bank Plc, under the leadership of Nigeria's richest banker, Jim Ovia, is seeking approval from the Nigeria Exchange (NGX) to issue 5.23 billion shares through a rights issue, aiming to raise N188.37 billion ($117 million). Zenith
Nigerian entrepreneur Tobi Olatunji's AI firm lands $1.6 million in seed funding
Intron Health, an artificial intelligence (AI) startup led by Nigerian entrepreneur Tobi Olatunji, has raised $1.6 million in pre-seed funding to enhance its African language speech recognition technology. The investment will support the company'
A journey bigger than basketball: South Sudan? dreams of Olympic glory
?The underdog teams astonishing journey to Paris has inspired the country and fans across Africa with hopes the Bright Stars will light the way for the next generation A huge cheer erupts as South Sudan pull ahead for the first time against Great Bri
Cocoa farmers write EU, appeal for extension on EUDR implementation
The Cocoa Farmers Association of Nigeria (CFAN) has written an open letter to the European Union (EU) Commission requesting an extension of the European Union Deforestation Regulation (EUDR) implementation. The European market, which takes up about 7
INSIGHT-Western miners push for higher metals prices to ward off Chinese rivals
The only US cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global markets with cheap supplies of the bluish metal used in
Tips to get on top of your tax return
Tax filing season has officially begun and individual taxpayers have until 21 October 2024 to submit their tax returns to Sars. Whether you like it or not, you have to deal with the taxman. If you are not one of the lucky ones who do not
Foreign Registered Aircraft Use For Illegal Charter Operation - Taskforce Investigation
LAGOS A Ministerial Taskforce on Illegal Air Charter Operations and Related Matters has uncovered a huge gap in the civil aviation industry in Nigeria. The committee in a preliminary report, obtained by Daily Independent exposed the use of private fo
Elumelu upbeat as Transcorp Group grows half year revenue by 114%
The board chairman of one of Nigerias leading listed conglomerate, Transnational Corporation Plc, Mr. Tony Elumelu on Friday struck an upbeat note as the company reported its Half-Year (H1) 2024 unaudited results, showing revenue growth from N82.
Three Years After Demolition, NSIB Re-Opens New Office In Lagos
LAGOS Three years after the demolition of its headquarters at the Murtala Muhammed International Airport (MMIA), Lagos, the Nigerian Safety Investigation Bureau (NSIB) has commissioned another office in Lagos This is as the bureau lamented the failur
Have a complaint about your bank? This is what can go wrong and how you can resolve it
The Banking Ombudsman put R25 735 594.17 back into consumers pockets after resolving 8 008 complaints against banks last year about current accounts, personal loans, savings accounts, credit cards and home loans. What is even more intere