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African electric-mobility startup Spiro raised $215 million backed by European and African investors as it nears $1 billion in value, or so-called unicorn status, founder Gagan Gupta said....

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South African gasoline prices are set to reach a record high this month after the government rolled back some temporary relief measures that had cushioned consumers against fuel-cost increases sparked by the Iran war....

South Africa's manufacturer sentiment worsened slightly in May as demand slumped and supply disruptions due to the Iran war continued....

More African countries are likely to regain or achieve investment-grade credit ratings by next year as reforms begin to deliver results and economic growth accelerates, African Development Bank President Sidi Ould Tah said....

South Africa's antitrust watchdog has accused pharmaceutical company Adcock Ingram Holdings Ltd. of profiteering from the Covid-19 pandemic, according to people familiar with the matter....

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South Africa is moving to tighten oversight of crypto after High Court ruling exposes potential gap in exchange-control framework by finding such assets don't qualify as conventional currency....

Morocco overtook South Africa as the continent's most industrialized economy last year as it upgrades its offering, diversifies exports and implements growth policies, a report showed....

Could Africa's long-misunderstood population boom become its greatest economic advantage? Economist and author Joe Studwell joins host Merryn Somerset Webb to discuss his book, How Africa Works: Success and Failure on the World's Last Developmental Frontier. He argues that rising population density is already transforming the continent by creating deeper markets, boosting agricultural productivity, supporting urbanization and making manufacturing more viable. While governance, debt and commodity dependence remain risks, he sees a more diverse, locally driven growth story emerging across Africa. (Source: Bloomberg)...

World Cup delegation held up as players await visas for Mexico, whom South Africa face in the opening game in 11 days....

Uganda said the African Development Bank has tentatively allocated about $650 million to partly fund the construction of a railway linking the capital, Kampala, to Malaba at the Kenyan border....

Foreign workers in South Africa are again facing violence and protests by anti-immigrant groups....

Rwanda turns to Russia for nuclear training and research, advancing ambitions in technology, healthcare and diplomacy....

On this edition of Next Africa, we bring you Bloomberg's 2026 African startups to watch list. From Egypt to Mauritius, these companies are racing to solve some of the continent's toughest challenges. Plus, we hear from Moniepoint co-founder and CTO, Felix Ike, on building one of Africa's leading fintech platforms. We also speak with venture capital investors on opportunities and challenges of investing in the continent. (Source: Bloomberg)...

Africa demonstrates resilience despite tighter global financial conditions and supply chain disruptions, supported by improved macroeconomic management, agricultural output, and higher commodities prices....

Als Burkina Fasos Präsident Traoré forderte, Demokratie in Afrika zu "vergessen", war das mehr als Provokation. Es ist ein Signal für politische Verschiebungen auf dem Kontinent. Steht Demokratie in Afrika vor dem Aus?...

South African Impeachment Committee To Hold First Meeting On President's "Farmgate" Scandal South Africa's parliament has scheduled for Monday the first meeting of an impeachment committee ​that will probe allegations around President Cyril Ramaphosa's "Farmgate" scandal, Reuters reported citing the Democratic Alliance ‌party.  The meeting is the next stage in an impeachment process against Ramaphosa that was revived by the Constitutional Court this month, in a setback for the leader for whom the ​affair has been a major embarrassment during his presidency.  South African President Cyril Ramaphosa speaks to lawmakers in parliament, in Cape Town, South Africa, May 14, 2026 Ramaphosa has denied wrongdoing ​in the scandal, in which bundles of cash were stolen from ⁠a sofa on his farm in 2020, raising questions about where he had ​acquired the money and why it was hidden in furniture. "The good thing is that ​parliament seems to be moving forward," ...