African markets and business updates

A growing Ebola outbreak in Central Africa could surpass 20,000 cases within months if efforts to isolate infected people fail, according to new U.S. health projections. Experts warn the spread of a rare virus strain and ongoing conflict could fuel a major health crisis.

MTN Group has appointed three executives from within its own ranks to fill roles across its group committee and two country operations, signalling confidence in its internal leadership bench.

Vuka Group’s Mining Review Africa ( ), a leading source of mining industry news and insights, is expanding its editorial coverage to include major mining developments from around the world. While Mining Review Africa remains firmly committed to reporting on the opportunities, challenges and successes shaping Africa's mining sector, readers will now also benefit from coverage of international projects, investments, technologies, commodity markets and policy developments influencing the global mining industry.…

A new undersea cable connecting Tunisia to France has gone live, adding to the wave of subsea infrastructure projects reshaping internet connectivity across Africa and the Mediterranean

Heirs Energies Limited, Africa’s leading indigenous-owned integrated energy company, has been recognised on the global stage after its landmark US$750 million dual-tranche Senior Secured Reserve-Based Lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026. The award was presented on 3 June 2026, in …

Oil prices jumped more than 3% on Monday after Iran launched missiles at Israel, raising fears of a wider regional conflict and renewed disruption to energy supplies. The gains came despite an OPEC+ decision to increase production quotas for July.

South Africa’s Kloset Klub, a fast-growing circular fashion platform, has secured a round of seed funding to help it expand operations. Founded by Phumi Körber, Kloset Klub helps people buy and sell quality pre-loved clothing through curated resale, peer-to-peer shopping, and managed closet services. The platform helps sellers unlock value from their wardrobes while giving [...]

Kenyan businesses cut jobs in May for the first time in 15 months as weakening demand and rising costs spill into the labour market, pushing companies to tighten spending and scale back expansion plans. Private sector firms reduced staffing levels after more than a year of continuous job creation, according to data from Stanbic Bank Kenya’s latest Purchasing Managers’ Index (PMI) , with many companies citing cuts to temporary contract workers amid deteriorating business conditions.…

Mr Abdulsalam speaks candidly about the structural failures that leave small firms, NHS trusts, and civil society groups exposed.

Israel said Monday that Iran had launched missiles targeting it, hours after Israel launched airstrikes targeting central and western Iran in response to missile fire from Tehran. The exchange of strikes threatened to drag the wider Middle East back into a regional war.