African markets and business updates

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.

South Africa's president promised Sunday to act on what he called concerns over illegal migration following a rise in anti-immigrant protests and sentiment in Africa's most advanced economy, with other nations claiming their citizens have been targeted in xenophobic attacks.

The European Union’s crisis commissioner Hadja Lahbib arrived in Bunia on Sunday, capital of Ituri province and the epicenter of eastern DR Congo’s ongoing Ebola outbreak. She urged a ceasefire in the conflict-hit region, calling it a "health emergency."

A powerful 7.8-magnitude earthquake struck off the southern Philippines on Monday, killing at least four people, injuring more than 200 and triggering a tsunami. Buildings were damaged, flights were canceled and authorities warned coastal residents to move to higher ground.

Kenyan startup Calculate Fuel has launched a platform that helps users estimate fuel costs before travelling. Founded earlier this year by Kevin Kihara, Calculate Fuel allows users to calculate trip fuel expenses based on route, vehicle type, fuel consumption, and fuel prices. Beyond calculations, the platform is building mobility intelligence tools using anonymised route and usage data to help understand transport behaviour, vehicle trends, and commonly used travel routes across Africa.…

Nigerian realtor and journalist Alefia Friday James, based in Abuja,...

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