Algeria opens up major investment opportunities in infrastructure, mining, and energy

Algeria's Ambassador to South Africa, Ali Achoui, says the country is opening up major investment opportunities, particularly in infrastructure, mining, and energy. He noted that stronger partnerships with African countries will be central to accelerating this growth. The Ambassador delivered the m…

Kenya sells 15% stake in Safaricom to Vodacom to bolster its finances

Kenya is selling its 15% stake in telecom operator Safaricom to South Africa's Vodacom in a deal worth around $1.6 billion. Facing high public debt, limited room to raise taxes, and annual debt repayments that absorb 40% of government revenues, the country is divesting some of its assets to bolster…

Boeing to establish maintenance, repair, and overhaul facilities in Nigeria

Nigeria is poised to save over $200 million each year through a strategic partnership with Boeing and the United Kingdom's Cranfield University. The U.S. aircraft manufacturer is set to establish one of the continent's most advanced maintenance, repair, and overhaul (MRO) facilities. President Bola…

SA Reserve Banks confirms Johannesburg Interbank Average Rate, JIBAR, will be discontinued

South Africa's financial markets are heading for a shake-up as the country officially enters the final phase of one of the biggest benchmark reforms in decades. The South African Reserve Bank has confirmed that the Johannesburg Interbank Average Rate, known as JIBAR, will be discontinued at the end…

Central Bank of Nigeria to Limit Cumulative Weekly Withdrawals from 1 January, 2026

Starting from January 1, 2026, Nigerians will be limited to cumulative weekly withdrawals of 500,000 naira (345 dollars) for individuals and a maximum of 5 million naira (3,450 dollars) for corporate entities. This follows the Central Bank of Nigeria’s introduction of stricter withdrawal limits and…

Concerns over declining trust in financial reporting raised at the ACCA Africa Members' Convention

Global concerns over declining trust in financial reporting are rising, with the 2024 ACFE Report estimating that organisations lose 5% of annual revenue to fraud, while Deloitte’s 2024 Ethics Survey warns that public confidence in corporate disclosures continues to weaken. These issues come into s…

Strong calls for accountants to build tech-driven skills and enhance public influence at ACCA Africa Members’ Convention The Association of Chartered Certified Accountants (ACCA) Africa Members’ Convention opened in Mombasa, Kenya, with strong calls for accountants to build tech-driven skills, enhance their public influence, and adapt to Africa’s shifting economic landscape. These themes shaped the first day of deliberations, with the convention running in Kenya until Friday, 5 December. Channel Africa’s Lebogang Mabange is attending and filed this report.

The Association of Chartered Certified Accountants (ACCA) Africa Members’ Convention opened in Mombasa, Kenya, with strong calls for accountants to build tech-driven skills, enhance their public influence, and adapt to Africa’s shifting economic landscape. These themes shaped the first day of delib…

SA President highlights Mozambique’s growing significance as country's leading economic partner

During a working visit to Mozambique, SA President Cyril Ramaphosa highlighted Mozambique’s growing significance as South Africa’s leading economic partner on the continent. Ramaphosa was in Mozambique to deepen cooperation in sectors such as energy, infrastructure, transport, tourism, agriculture,…

Systemic rail infrastructure challenges continue to affect SA’s coal exports

South Africa’s coal exports in 2025 were forecast to be slightly lower than, or close to, last year’s figures despite some operational improvements at the state-owned logistics company Transnet. Projections by key miners indicated that persistent, systemic rail infrastructure challenges continue to…

AU's inaugural conference on digital agriculture wraps up in Addis Ababa

The African Union’s inaugural Conference on Digital Agriculture has wrapped up in Addis Ababa, Ethiopia. The gathering focused on how advanced technologies can be harnessed to drive agricultural transformation and build resilient, sustainable food systems across the continent. Addressing delegates…