African markets and business updates
Latest headlines from African markets, companies, and business sources.
Nigeria methanol poisoning outbreak kills at least 49
Nigeria methanol poisoning outbreak kills at least 49
Residents have told the Associated Press that a locally made herbal alcoholic drink known as “Monkey Tail” is suspected of being linked to the outbreak. Authorities have not yet confirmed the drink as the source, and investigations are continuing.
Terra Industries leads $1m round in Aeon to build Africa’s cyber defence layer
Terra Industries leads $1m round in Aeon to build Africa’s cyber defence layer
Aeon will use the funding to develop its cybersecurity products, expand business development, and turn existing pilots with financial services and cloud infrastructure companies into commercial deployments.
Zambia regulator cancels Beeline licence over regulatory breaches
Zambia regulator cancels Beeline licence over regulatory breaches
Zambia’s Information and Communications Technology Authority (ZICTA) has cancelled the operator licence of Beeline, which operated under the Z-Mobile brand, for failing to meet several regulatory obligations.
The banker helping FNB Connect turn cellphones into gateways to everyday life
The banker helping FNB Connect turn cellphones into gateways to everyday life
As a boy growing up in Empangeni, a small town in South Africa’s KwaZulu-Natal Province, Sashin Sookroo had already decided that he wanted to be an engineer.
Nigerian startup Drive45 Mobility secures $3m debt facility to drive growth
Nigerian startup Drive45 Mobility secures $3m debt facility to drive growth
Nigerian startup Drive45 Mobility has secured a US$3 million debt facility from TLG capital to support the company’s next phase of growth. Founded in 2021, Drive45 Mobility is transforming access to vehicle ownership through a flexible rent-to-own vehicle subscription model, enabling individuals and businesses to access vehicles with manageable payments and minimal upfront capital. Its [...]
Nigerian startup Drive45 Mobility secures $3m debt facility to drive growth
Nigerian startup Drive45 Mobility secures $3m debt facility to drive growth
Nigerian startup Drive45 Mobility has secured a US$3 million debt facility from TLG capital to support the company’s next phase of growth. Founded in 2021, Drive45 Mobility is transforming access to vehicle ownership through a flexible rent-to-own vehicle subscription model, enabling individuals and businesses to access vehicles with manageable payments and minimal upfront capital. Its [...] Nigerian startup Drive45 Mobility has secured a US$3 million debt facility from TLG capital to support the company’s next phase of growth.…
G-NEXID's 21st Annual General Assembly calls for stronger cooperation to accelerate sustainable development and trade financing
G-NEXID's 21st Annual General Assembly calls for stronger cooperation to accelerate sustainable development and trade financing
The Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) successfully held its 21st Annual General Assembly (AGA) on 14 September 2026 in Geneva, Switzerland, under the theme "Scaling South-South Trade and Development Finance through Strategic Partnerships."
Bankit transitions to WayvePay, unveiling a new era of digital banking and payments
Bankit transitions to WayvePay, unveiling a new era of digital banking and payments
Bankit Microfinance Bank has announced its transition to WayvePay, marking a significant new chapter in its ambition to build a smarter, faster, more secure and accessible digital banking and payments platform for Nigerians. The transition goes beyond a change of name and visual identity, representing the evolution of the bank’s digital banking proposition and its broader […]
Tunis hit by torrential rain, school and university classes suspended
Tunis hit by torrential rain, school and university classes suspended
Torrential rain hit the Tunisian capital on Thursday, raising fears of flooding and forcing the city to suspend classes at schools and universities.