Business News Africa – Latest Updates

If you want to keep a finger on the pulse of Africa's economy, you’re in the right place. Here we bring you straight‑to‑the‑point stories that matter for investors, entrepreneurs, and anyone curious about what’s driving growth across the continent.

Why does this matter? Because business trends shape jobs, prices, and opportunities you see every day. A policy shift in one country can ripple through supply chains, affect your grocery bill, or open new market doors. That’s why staying updated isn’t just for CEOs – it’s for anyone who wants to make smarter choices.

Right now two stories are grabbing attention. First, the BRICS nations have spoken about the US dollar at a high‑profile forum, and second, a heated dispute is unfolding in Nigeria’s oil sector involving NNPCL’s chief executive. Both illustrate how politics and economics intersect on the ground.

BRICS and the US Dollar

During the Doha Forum, India’s External Affairs Minister S Jaishankar made it clear that BRICS countries aren’t chasing a de‑dollarisation agenda. He pushed back against US President‑elect Donald Trump’s tariff threats, saying the group wants stability in global markets.

The minister also dismissed rumours of a new BRICS currency. Instead, he highlighted India’s strong trade ties with the United States and stressed that any move away from the dollar would need careful coordination, not sudden jumps.

What does this mean for everyday business? If the dollar stays stable, companies can continue planning cross‑border deals without fearing sudden exchange rate shocks. It also signals that major economies prefer cooperation over confrontation, which bodes well for trade flows across Africa and beyond.

Energy Sector Spotlight

In another corner of African business news, NNPCL chief Mele Kyari has publicly denied Aliko Dangote’s claim that he owns a blending plant in Malta. Kyari says his only foreign interest is a small agricultural venture, and no NNPCL staff are involved.

The dispute isn’t just personal – it touches on national energy security. Kyari warned of severe penalties for anyone compromising the country’s oil infrastructure, reinforcing the government’s zero‑tolerance stance on sabotage or illicit deals.

For investors and industry watchers, this episode underscores how quickly rumors can affect market confidence. Clear communication from top executives helps calm nerves and keeps the sector moving forward.

Both stories show that Africa’s business environment is dynamic and often linked to global politics. Whether you’re tracking currency trends or energy policy, these updates give you a practical snapshot of what’s happening now.

Keep coming back for fresh analysis, quick takeaways, and the kind of insight that helps you stay ahead in a fast‑changing market. Your next smart decision could start with one of these headlines.