Africa in Business
In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.
Botswana has secured the right to host the 2026 World Athletics Relays
Botswana has secured a momentous achievement, earning the right to host the 2026 World Athletics Relays in Gaborone. This marks the first time the country will stage a World Athletics Series event, solidifying its growing reputation as a key player in global athletics. The event will take placed between the 2nd and the 3rd of 2-3 May, and will not only showcase Botswana's sporting capabilities, but also provide a significant boost to sports tourism, attracting elite athletes, international media, and visitors from around the world. Sport Presenter, Mosibusi Makura speaks to Botswana Athletics Association Vice President Oabona Theetso about how much is needed to host an event of this magnitude...
Members of Rwanda's Mines, Petroleum and Gas Board arrested
Rwanda has arrested three top officials from the country's Mines, Petroleum and Gas Board along with four businessmen suspected of corruption and abuses of power. According to Rwanda's Investigation Bureau the trio; Augustin Rwomushana, John Kanyangira and Richard Niyongabo were being jailed in the capital, Kigali, without giving a date for their arrests. Thami Ngubeni spoke to Channel Africa correspondent in Rwanda Sylivanus Karemere...
"Lack of diplomatic culture within Africa costing the continent investments and partnerhips," communication experts
Communication experts say the underappreciation of diplomatic culture within Africa is costing the continent lost investments, broken partnerships, and weakened international relevance- this was said over the weekend at the inaugural 'Diplomacy and Corporate Communications Conference' (DCCC) hosted at the American Corner in the University of Port Harcourt, Nigeria. The communicators met to review diplomatic communications in Nigeria and the rest of the continent and the impact they are having on economic and investment opportunities. Thami Ngubeni spoke to the Convener of the Diplomacy and Corporate Communications Conference (DCCC), John Best Uche..
South African consumers hit by an increase in beef prices
South African supermarkets have seen an increase in beef prices as they battle a shortage of slaughter-ready cattle. The shortage has been attributed to the weather conditions that have pushed up livestock feeding costs. There have been concerns that the Foot and Mouth disease in some parts of the country may also push up prices. Thami Ngubeni spoke to Dewald Olivier, the CEO of Red Meat Industry Services...
Can SA's economic hub Johannesburg improve service delivery and rebuild public trust?
During a recent visit to Johannesburg's Central Business District, South Africa's President Cyril Ramaphosa acknowledged the city's state of dysfunction and announced the formation of a working group to assist the Mayor. However, there is widespread public scepticism about the move, given a history of government promises that have failed to deliver real change. The key question now: how can the city of Johannesburg improve service delivery and rebuild public trust, all while grappling with severe financial pressures and governance challenges?Channel Africa's business reporter, Innocent Semosa, has more...
Ethiopia's state-owned telecommunications company makes the e country's first IPO
The Ethio Telecom, Ethiopia's state-owned telecommunications provide made the country's first initial public offering (IPO) and the National Bank of Ethiopia has introduced a new loan classification system. Thami Ngubeni spoke to Mered Fikireyohannes, Founder & CEO of Pragma Investment Advisory...
Business round up with Victor Kgomoeswana, author of "Africa Is Open For Business" and "Africa Bounces Back"
Innocent Semosa and Victor Kgomoeswana, author of "Africa Is Open For Business" and "Africa Bounces Back" discussed business stories that made headlines in the week.
DTIC and MTN to host SA-Nigeria Private Sector Engagement Session
South Africa's Department of Trade, Industry and Competition, in partnership with MTN Group, is set to host the South Africa-Nigeria Private Sector Engagement Session next week. The event will be held at MTN's Head Office in Johannesburg, South Africa and is positioned as a strategic platform to strengthen economic cooperation between South Africa and Nigeria, two of Africa's most powerful economies. Innocent Semosa spoke to Dianna Games CEO of Africa At Work; executive director, SA-Nigeria Business Chamber (Jhb); and Professor of Practice, Johannesburg Business School.
Zambian government count repair costs after 500 seats were damaged at a stadium
Over 500 chairs at the Levy Mwanawasa were damaged over the weekend by unruly Nkana Football Club supporters after their team drew one all with town rivals Power Dynamos in the Zambian derby. Fikile Lengoathi spoke to Namuchana Namuchana
Mining giant Goldfields reaches an agreement with Ghanain government after its mining license was not renewed
South African gold mining giant Goldfields, has reached a deal with the government of Ghana to continue its mining operations at the Damang mine. This after its mining license was abruptly not renewed, breaking a tradition of automatically renewing licenses. This has created uncertainty about the company's other operations in that country. Ghana assumed operational control of the mine after it rejected an application from Goldfields, but has now agreed to a transitional period that allows some operations before parliament votes on this issue in the coming weeks. Innocent Semosa spoke to Mining Analyst, Peter Major..
Zimbabwe's lecturers union threated to escalate strike to 14 state universities
The Zimbabwe Association of University Teachers (AUT), has threatened to escalate industrial action to all 14 state universities if the University of Zimbabwe (UZ) and government continues to ignore their grievances regarding poor wages. The lecturers staged their first job boycott on April 16, but police arrived and arrested three union leaders. They are demanding at least $2,500 US dollars per month for a junior lecturer - the same level as what they earned before October 2018. Innocent Semosa spoke to Zimbabwe Association of University Teachers (AUT) spokesperson Professor Obvious Vengeyi
Mered Fikireyohannes, Founder & CEO of Pragma Investment Advisory unpacks the latest in the Ethiopian business stories
Thami Ngubeni and Mered Fikireyohannes, Founder & CEO of Pragma Investment Advisory looked at the latest business and financial markets developments in the Ethiopian markets . They discusses the Ethiopian Finance Ministry Anticipates Spending Less on Debt Service following the country's recent debt restructuring agreement. Ethiopia set to become 4th African member of BRICS New Development Bank and U.S. Secretary of State Marco Rubio cancelled his planned visit to Kenya and Ethiopia
SA's DA calls for Godongwana to resign over value-added tax saga
South Africa's second biggest party the Democratic Alliance says finance minister Enoch Godongwana should resign. This after the minister withdrew a proposed increase to the value-added tax which was meant to come into effect next Thursday. In a court battle over this issue the minister and Parliament were accused of lying members of Parliament in order to get them to agree to a VAT increase. In a statement issued early morning on Thursday, the minister says not increasing VAT will cost the country 4 billion USD over 3 years. Chief Executive of Business Unity South Africa, Khulekani Mathe.
G20 Agriculture Working Group looks at solution in addressing food insecurity
The G20 Agriculture Working Group under South Africa's 2025 Presidency, says international trade is key in addressing food insecurity. Addressing the Agriculture Working Group, South Africa's Minister of Agriculture John Steenhuisen, sounded an alarm about the continued threats against the stability of global food systems due to climate volatility. The members of the working group called on international development banks to play an important role in mobilizing resources and increasing and improving the quality of investments towards more sustainable and productive agricultural models. For more on this, we are joined on the line by the Deputy Director General for Economic Development, Trade and Marketing of the Department of Agriculture, Kwena Komape..
SA, Ukraine to discuss potential trade opportunities in the agricultural sector
South Africa's Minister of Agriculture, John Steenhuisen, has expressed support for the country's peace efforts in the ongoing Ukraine-Russia conflict. Speaking on the margins of the Ukrainian President Volodymyr Zelensky's historic visit to South Africa, Steenhuisen highlighted potential trade opportunities in the agricultural sector between the two nations. He also commended President Cyril Ramaphosa's peace initiatives and commented on the recent decision to retract the Value Added Tax (VAT) increase. Channel Africa's reporter Micheal Mbewe spoke to Minister Steenhuisen
PODCAST- TANZANIA BAN (Africa In Business)
Tanzania has officially imposed a trade ban on food and agricultural products from Malawi, intensifying a diplomatic and economic standoff that began with trade restrictions on Tanzanian produce by the two nations. A similar ban has also been imposed on any agricultural produce from South Africa into the Tanzanian market. Tanzania's Minister of Agriculture Hussein Bashe announced the decision on Wednesday. This after both countries failed to lift their embargoes on Tanzanian goods like a consignment of bananas that was recently blocked at the borders. Malawi's Trade Ministry spokesperson Patrick Botha says they have not received official communication on the ban. George Mhango reports from Blantyre.
Ruto in China on a four-day state visit amid US trade war
Kenya's president, William Ruto is in Beijing, China on a four-day state visit. The Kenyan government says the visit by Ruto will be used to attract more trade, investment, and infrastructure opportunities to the East African country. On the sidelines of the state visit, there will be a Kenya-China Business Forum, that brings together over 100 companies from both countries. Ruto is the first African leader to visit China after the announcement of worldwide tariffs by the US President, Donald Trump. Thami Ngubeni spoke to Dr Alex Kamau, a lecturer and a business consultant.
Kenya's long distance runner, Sharon Lokedi to earn $150,000
Sharon Lokedi of Kenya won the women's pro race at the Boston Marathon in 2:17:22, the fastest time ever on the course by more than two minutes. Lokedi, who is sponsored by Under Armour and trains with the Arizona-based UA Mission Run Dark Sky Distance team will be paid handsomely. Fikile Lengoathi spoke to Channel Africa's Correspondent in Kenya, Francis Mutegi
Invest in African Energy Forum puts a spotlight on Africa's resurgence in exploration activity
Invest in African Energy Forum (IAE), is scheduled to take place in Paris, France in about a month. The event brings together the global investment community and showcases Africa's most dynamic energy and infrastructure projects. IAE 2025 is set to put a spotlight on Africa's resurgence in exploration activity, with over 150 oil and gas blocks on offer across more than 10 countries on the continent. Thami Ngubeni spoke to the Account Executive at Energy Capital & Power, Kaltouma Naseh
Bretton Woods institution downgrades SAs economic outlook
The International Monetary Fund has once again downgraded South Africa's economic outlook, trimming its 2025 growth forecast by 0.5 percentage points to just 1.0%. The revised figures come from the IMF's April update to its World Economic Outlook, released on Tuesday, amid rising global uncertainty driven by escalating trade tensions initiated by the United States. The IMF warns that the ripple effects of the US tariff war will be widespread, with no economy left untouched. Thami Ngubeni spoke to an Independent Economic Analyst, Professor Bonke Dumisa.
Save video to ...
