Business

Powerful Indian tycoon faces backlash in Kenya

Court halts a US$1.85bn airport lease deal and a US$736m power transmission line contract with Adani

Published on 17 Oct 2024

Start-up investments in Africa rebound

Q3 turns out to be the best quarter for African start-up funding since mid-2023

Published on 25 Oct 2024

Africa’s US$90bn power plan holds promise for Singaporean investors

Mission 300 initiative seeks to connect 300m Africans to power grids by 2030

Published on 25 Sep 2024
concept of investment

Tanzania records a dramatic surge in FDI

Dar es Salaam records a 22% bump in investments as Asian money piles in

Published on 24 Aug 2024

Start-ups in Africa record the lowest quarterly performance since 2020

They raised just over US$300 million in Q2 2024

Published on 28 Aug 2024

Chinese fast-fashion platform Shein to open pop-up store in South Africa

Online retail sales in South Africa grew by 29% in 2023

Published on 29 Jul 2024

AirAsia becomes the first low-cost carrier from South-East Asia to fly to Africa

Asians account for 17% of international arrivals to Kenya

Published on 29 Jul 2024

Tolaram acquires Guinness Nigeria for US$69m

For the first time in history a Singapore-based conglomerate will bottle and sell a legendary Irish beer brand in Africa

Published on 23 Jun 2024

India becomes the top foreign investor in Rwanda

Indian investments crossed US$175m in 2023

Published on 28 May 2024

Tax treaty changes to impact India investments via Mauritius

Mauritius is the second most significant source of foreign direct investment in India

Published on 29 Apr 2024

Surbana Jurong to develop blueprint for Libyan Special Economic Zone

The Misurata Free Zone set to power an economy bouncing back from a civil war

Published on 27 Mar 2024

Ethiopian Airlines launches e-commerce logistics hub to serve Alibaba, Shein

New US$55m facility to handle 150,000 tonnes of cargo annually

Published on 22 Mar 2024

Singaporean distiller wins recognition for his ‘made in Rwanda’ rum

Rohan Shah makes Imizi Rum out sugarcane grown by smallholder farmers in Rwanda

Published on 28 Feb 2024

Start-up investments in Africa face serious slowdown in 2023

Equity investments contracted by -57% YoY last year, while a rise in debt financing helped soften the blow

Published on 26 Jan 2024

Africa set to be the second fastest-growing region in the world in 2024

Niger set to lead African growth with an annual GDP growth of 12.8%

Published on 29 Jan 2024

Procter & Gamble halts manufacturing in Nigeria amid economic headwinds

Multinationals are reassessing their presence in Nigeria

Published on 27 Dec 2023

Ethiopia's foreign investor drive facing headwinds

Security risks and forex challenges deter offshore businesspeople

Published on 21 Nov 2023

Singapore Rwanda MoU to focus on carbon trading, urban planning, and more

Rwanda seeks to position itself as a marketplace for carbon offset

Published on 24 Oct 2023
clean energy landscape, solar power station and wind farm

Ghana net-zero plan offers US$500bn worth of investment opportunities

Energy transition roadmap targets a wide range of industries

Published on 25 Oct 2023

Nigeria receives US$14.3 bn in investment pledges from Indian businesses

Commitments span multiple sectors, including power, manufacturing and defence

Published on 26 Sep 2023

Indian low-cost carrier begins daily flights to Kenya

The direct Mumbai-Nairobi connections promises to boost tourism and trade

Published on 28 Aug 2023

African start-ups face a funding winter

VC funding in African start-ups drops 62% this year

Published on 20 Jul 2023

Pan Pacific breaks into Africa with its first investment in Kenya

The brand-new 175 room serviced apartment offers world class accommodation in the heart of Nairobi

Published on 26 Jun 2023

Singapore PM's Africa visit highlights potential business opportunities

Prime Minister Lee Hsien Loong prods Singapore firms to put Africa in their portfolio as he makes his first visit to South Africa and Kenya

Published on 29 May 2023
Business Corporate People Working Concept

Start-ups in Africa raise US$1.3bn in Q1 2023 even as funding becomes scarce

VC funding contracts but there is no meltdown

Published on 18 Apr 2023
concept of AI

South African private equity launches fund in Singapore to back AI

AI Capital will invest in businesses that use and integrate artificial intelligence for growth

Published on 23 Mar 2023

Petronas sells its stake in African fuel station chain Engen

The undisclosed deal will make British firm Vivo one of the biggest petrol retailer in Southern Africa

Published on 27 Feb 2023
Business team meeting

African start-ups raised almost US$5bn in 2022 despite global slump

The slowdown of the second half of the year could not wipe out gains made in the first half of the year

Published on 30 Jan 2023

Singapore commodity major secures US$600m financing for DRC cobalt

Trafigura signs financing agreement to develop the third largest cobalt mine in the world

Published on 26 Dec 2022

Singapore’s GIC increases stake in African retail group Shoprite

South Africa’s biggest retailer embraces digitalisation as it zooms in on its home market

Published on 21 Nov 2022
Traders team making stock market analysis inside hedge fund office

VC funding in Africa slows down

Yet African start-ups succeed in raising US$4bn in the first three quarters of 2022

Published on 25 Oct 2022

Accelerator aims to help Singaporean start-ups enter South African market

Enterprise Singapore backed initiative to select 10 ventures for eight-week programme

Published on 26 Sep 2022

Olam-backed port terminal to boost mining exports out of Côte d'Ivoire

San Pedro multipurpose bulk terminal offers a more competitive commodities import-export gateway

Published on 22 Aug 2022

VC funding in Africa reaches new heights despite global turmoil

African start-ups have raised over US$1.3bn in Q2, taking the total raised in 2022 so far to US$3.1bn+

Published on 18 Jul 2022
Airliner captain controlling airplane in cockpit.

West African airlines court international partners as aviation sector revives

Opportunity for the likes of Singapore Airlines and Emirates to acquire strategic stakes

Published on 15 Jun 2022

Emirati fast-food chain to open multiple outlets in Kenya

Highlights the growth of the fast-food market in the country and Africa more broadly

Published on 24 May 2022

A very strong start for VC funding in Africa this year

African start-ups raise US$1.8bn in Q1

Published on 18 Apr 2022

South Africa to offer remote working visas

The new class of visa aims to attract skilled, high-spending workers

Published on 19 Mar 2022

2021 – a record year for Venture Capital funding in Africa

The continent outpaced global VC growth last year

Published on 13 Jan 2022

The battle for supremacy over East Africa's skies

Rwanda, Tanzania, and Uganda are competing against Ethiopia and Kenya in the aviation sector

Published on 27 Dec 2021

Telecom players in Africa sell mobile phone towers to raise capital

MTN is the latest to join a string of telecom operators who have decided to put up their tower assets for sale

Published on 21 Dec 2021

Ethiopian Airlines steps up its domination of African skies

The continent’s leading carrier goes on an expansion spree through acquisitions and strategic partnerships

Published on 08 Dec 2021
increasing chart made of coins with white arrow, financial growth concept

East African CEOs bullish about business in the region

KPMG study says 82% of CEOs in East Africa are positive about their region's growth prospects.

Published on 08 Nov 2021

TikTok gaining ground as a marketing platform in Africa

The Chinese social media platform is giving Facebook a run for its money.

Published on 25 Oct 2021
Clay factory and handmade pottery in Marrakesh, Morocco (thumbnail)

Pandemic prompts Moroccan handicraft industry to go online

Authorities turn to Jumia for help.

Published on 24 Sep 2021
Shopping cart with small carton boxes near laptop

The impact of technology, consumer behaviour and purchasing capacity on African retail

Africa is beginning the see the emergence of a middle-class that wants to shop in malls. But technology and consumer behaviour are not the only factors that will change the face of retail here.

Published on 31 Mar 2021
Man working with leather using crafting tools

African leather starts to shine

Africa exports raw hides and imports leather products. But now its leather industry is slowly turning a corner.

Published on 14 May 2021