Business

Eskom doubles profit to $1.9bn but a $6.9bn municipal debt hole looms

South Africa's state power utility posted its second consecutive annual profit after nearly a decade of losses, yet unpaid bills from municipalities now threaten to swallow the entire turnaround.

1 Sept · 4 min read · eskom · south africa · energy
Business

African airlines grow capacity fastest but cargo weakest in July

IATA's July 2026 data reveals a sharp split: African carriers led the world on passenger seat expansion at 9% while posting the slowest air cargo demand growth of any region at just 1.1%.

Global

University of Reading Bets on Nigeria's Business Talent Pipeline

The UK university is formalising partnerships with Nigerian institutions and companies to export executive education and business leadership programmes to one of Africa's largest graduate markets.

Politics

AfCFTA's Broken Promise: Why Africa Still Trades More With the World Than Itself

Intra-African trade languishes below 15% of the continent's total commerce — far behind Europe's 60%-plus — while a lorry stuck at a border crossing tells the deeper story of why.

The Brief

The Money

Deal Tracker →
Pre-seed
Undisclosed
SecVite
Software · Nigeria
Funding
Undisclosed
Lisk
Web3
Growth
$84M
Ventures Platform
Venture Capital · Nigeria
Growth
$84M
Ventures Platform
Venture Capital · Nigeria
Debt
$3.93M
ThriveAgric
Agritech · Nigeria
Undisclosed
$1.2M
Verascient
HRtech · South Africa
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