African Business

African Business is a magazine focused on the continent's business landscape, published by IC Publications, which is based in London. The magazine was founded by editor Anver Versi and is released monthly. It features coverage of various business happenings throughout Africa, with in-depth reports on particular sectors and industries. As of 2012, the magazine boasted around 140,000 subscribers and is available in both English and French versions.

International, Trade/B2B

English

Magazine

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Global

#383094

United Kingdom

#108524

Law and Government/Government

#1801

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Articles

Cabo Verde’s ‘tech islands’ vision backed with $50m

2 days ago | african.business | Ben Payton

Cabo Verde officially unveiled its ‘TechPark CV’ this week as the island nation seeks to become a hub for digital services. The project, which is supported by a €45.59m ($50m) investment from the African Development Bank, aims to create up to 1,500 jobs on the island of Santiago and at a smaller campus on São Vicente.
Foreigners and companies to be allowed to buy property in Ethiopia

1 week ago | african.business | Harry Clynch

Ethiopia’s Council of Ministers has passed a draft law rescinding the country’s long-standing ban on foreign nationals or companies owning “immovable property,” a significant move towards establishing firm property rights that officials hope will unlock greater flows of foreign direct investment. Non-Ethiopian individuals and businesses have been banned from owning property, whether for personal or commercial use, since the country’s communist revolution of 1974.
Africa’s Top 250 Companies 2025: the full list

1 week ago | african.business | Neil Ford

This year has seen a partial recovery in the value of Africa’s biggest companies – but market capitalisations are still a lot lower than they were a decade ago (see below for full list). The fluctuating value of African currencies is partly to blame, as is the retreat of international investors from frontier markets because of uncertainty stemming first from the Covid-19 pandemic, then from the Russian invasion of Ukraine and now the ongoing trade war.
SA envoy expelled by Trump says critical minerals could fix US ties

1 week ago | african.business | Mushtak Parker

For a man who sports ‘the badge of honour’ of being the first and hitherto only senior diplomat to be expelled by US President Donald Trump’s administration, former ambassador Ebrahim Rasool cuts a dapper and defiant figure while defending his right to analyse his former host country and preparing his own country for radically new terms of engagement.
SA envoy expelled by Trump says critical minerals could repair ties

1 week ago | african.business | Mushtak Parker

For a man who sports ‘the badge of honour’ of being the first and hitherto only senior diplomat to be expelled by US President Donald Trump’s administration, former ambassador Ebrahim Rasool cuts a dapper and defiant figure while defending his right to analyse his former host country and preparing his own country for radically new terms of engagement.
African producers hope for boost from gold surge

1 week ago | african.business | Harry Clynch

The price of gold has hit record highs as global investors rotate out of the US dollar and into the “safe haven” commodity, raising hopes that Africa’s gold-exporters could see a boost to their economies. Gold is now trading at a historic high of around $3,350 per troy ounce and has strengthened by more than 25% since the start of the year. The price of gold appears to be benefiting from reduced confidence in the US dollar as a result of President Trump imposing sweeping universal tariffs.
Winner of Musk-backed $50m carbon prize plots agri revolution

1 week ago | african.business | Ben Payton

US-based company Mati Carbon collected a $50m cheque last week after winning the grand prize in the XPRIZE Carbon Removal competition. The prize, sponsored by Elon Musk’s philanthropic foundation, is the world’s largest scheme to incentivise technologies that remove carbon from the atmosphere. Mati Carbon picked up the award in recognition for its enhanced rock weathering technology.
New initiative aims to close Africa’s $80bn trade financing gap

1 week ago | african.business | Harry Clynch

Last year the African Development Bank (AfDB) released a report analysing Africa’s “trade finance gap”. This refers to the financial tools, such as letters of credit or guarantees, which businesses need to conduct cross-border trade – but which companies in Africa often struggle to access.
Macron unveils Madagascar deals to counter perception of decline

2 weeks ago | african.business | Harry Clynch

France’s President Emmanual Macron visited the East African island of Madagascar last week, announcing a range of investments and proposed economic partnerships as he seeks to bolster French influence in Africa at a time when it is coming under increased pressure.
South Africa’s Ukraine stance must go beyond Trump contempt

2 weeks ago | african.business | David Thomas

In late April Ukrainian President Volodymyr Zelensky was welcomed to Pretoria’s Union Buildings by South African President Cyril Ramaphosa for a historic visit, the first by a Ukrainian head of state in 33 years since the post-apartheid establishment of diplomatic relations. The visit comes at a pivotal time in the history of Ukraine.