Kenya clears path for Dangote refinery IPO investment
Economic integration across Africa has long been undermined by the continent’s disconnected financial markets.
Semafor Tech4 min read
Africa
42 stories
OPay readies $4B New York IPO
The fintech firm has seen its lending business overtake payments as its revenue more than doubled in the first half of the year.
Semafor Tech3 min read
Ecobank agrees to join Chinese payment platform
The move follows increasing demand from African businesses to settle deals using China’s currency.
Semafor Tech1 min read
Mercenaries suffer losses in DR Congo
A battlefield clash highlights the role of US private security contractor Erik Prince as his country seeks greater access to minerals.
Semafor Tech1 min read
Tanzania seeks investment to tackle youth job pressure
Efforts to partner with private companies are part of a bid to create jobs, said the country’s prime minister.
Semafor Tech2 min read
Dangote's Kenya refinery triggers political battle
President William Ruto lauds the benefits of this huge investment but opponents see it as part of a pattern of opaque deals.
Semafor Tech4 min read
AI's uncertain opportunity for Africa
The absence of African languages from large language models has become a major concern for the continent’s policymakers and tech leaders.
Semafor Tech2 min read
Rwanda on track to host F1 Grand Prix
It would mark the first Grand Prix to be held in Africa in more than 30 years and boost government efforts to raise the country’s profile.
Semafor Tech1 min read
Nigeria's fuel discount reignites subsidy debate
High energy prices are among the key campaign issues ahead of January’s presidential election.
Semafor Tech1 min read
Zambia agrees health deal with US after resolving dispute
Africa’s second largest copper producer got better terms than its neighbors, and still has a minerals deal to settle with Washington.
Semafor Tech2 min read
The fight to uncover the Nigerian president’s FBI files
President Tinubu has enlisted US lawyers to keep records from a 1990s Chicago drug probe sealed, but a lone California activist has been a thorn in his side.
Semafor Tech5 min read
Ethiopia renews push for Red sea access
After being sworn in for a second full term, Prime Minister Abiy Ahmed said his government would work diligently to ensure Ethiopia had “an outlet to the sea.”
Semafor Tech1 min read
South Africa under pressure to provide $600M fuel relief
The Iran war drove petrol prices to record highs in the continent’s biggest economy.
Semafor Tech1 min read
DR Congo uncovers $20B in payments to ineligible mining suppliers
The country is courting new mining investment and seeks to ensure that Congolese partners have a genuine stake in the businesses supplying its mines.
Semafor Tech5 min read
Nigeria's $8B oil security costs spark controversy
State oil company NNPC said it incurred the cost to protect oil facilities.
Semafor Tech3 min read
Africa’s first credit rating agency set to launch
African Union’s new rating agency promises to add a fresh voice in a market dominated by the Big Three credit rating agencies.
Semafor Tech4 min read
Zambia to sign revised U.S. health deal without patient data and specimen-sharing clauses
The U.S. has signed new bilateral health agreements with around two dozen African nations since last year, but some have pushed back on requirements to provide patient data.
Fortune AI4 min read
Bridging Africa's data gap
For decades, a lack of data has held back economic development in countries across Africa.
Semafor Tech2 min read
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