Sponsored by

Business Brief
By Business Insider Africa

Stop overpaying for wireless. Get a Tello plan for under $25

Unlimited everything. No contract. Just $25/mo. With Tello, you get reliable 5G coverage, zero hidden fees, and none of the bundles you never wanted.

From the Editor

The movement of people across Africa has long been seen as a key part of regional integration. But when citizens feel unsafe or businesses are lost because of violence, those ideals are put to the test.

Ghana's decision to pursue compensation after the recent attacks in South Africa shows how governments are increasingly willing to seek formal remedies rather than limit their response to diplomatic statements.

As trade, investment, and migration continue to connect African economies, protecting citizens across borders is becoming an issue that carries both economic and political weight.

Victor Inusa
Victor Inusa,
Newsletter Editor.

Today’s Must Read

Ghana becomes second African nation to demand legal compensation from South Africa following anti-foreigner violence

Ghana’s foreign affairs minister. Samuel Okudzeto Ablakwa. (Photo Credit: Getty Images)

Ghana has established an official register of claims to document lost businesses, investments, and property following recent xenophobic attacks in South Africa.

The documentation aims to support legal and diplomatic compensation efforts for affected citizens.

Following a similar push by Nigeria, Ghana has evacuated over 1,000 nationals from Johannesburg and introduced reintegration packages, including grants and health insurance.

Accra has also petitioned the African Union and secured ECOWAS backing, warning that anti-foreigner violence undermines regional integration. Read more…

The Big 3

(Photo Credit: Ethiopian Airlines Cooperation)

🇪🇹 Ethiopia's $12.5 billion airport has become the latest investment battleground between the U.S. and China in Africa

The United States is actively lobbying to secure roles for American companies in Ethiopia’s new $12.5 billion Bishoftu International Airport project.

As Chinese state-owned firms compete for major construction contracts, Washington is pushing to supply Boeing aircraft and GE Aerospace engines.

Set for completion in 2030, the four-runway hub will handle up to 110 million passengers annually. Read more…

🇬🇭 Nigeria and the United States have one thing in common, and that's their love for Ghana

Nigerians formed the second-largest international tourist group in Ghana with over 176,000 arrivals in 2025, trailing only the United States.

Ghana welcomed 1.3 million foreign visitors overall and saw domestic travel reach 1.79 million tourists. Despite total international tourism revenue dropping from $4.83 billion in 2024 to $4.34 billion in 2025, visitor numbers continue to rise. Read more…

🇿🇦 Nigerian-owned Caribbean bank takes Zambia to court in $40 million fight over failed bank investment

Michael Prest’s Bank of Nevis International has launched legal action against the Zambian government and central bank, demanding $40 million in compensation.

The Caribbean lender claims regulators failed to recognize its legally acquired 24.8% stake in Investrust Bank before liquidating the insolvent firm in 2024.

The lawsuit challenges regulatory oversight and investor protection standards in the country. Read more…

See the whole platform. No guided tour.

Skip the sales call. Walk through Gladly's interface yourself — the AI suggestions, the unified customer view, the full conversation thread. 15 minutes, no installation, no commitment.

Quote Of The Day

Africa's position in the global economy will not be determined by what we consume, but by what we build, innovate, and export.

— Akinwumi Adesina,

Listicles

(Photo Credit: Adobe)

10 African countries with the weakest currencies in July 2026

Weak currencies raise import costs and fuel inflation across African nations reliant on imported food, fuel, and machinery. Driven by rising US dollar demand, currencies like South Africa's rand, Nigeria's naira, and Ghana's cedi continue to face severe economic pressure.

S/N Country Exchange Rate (per US$1)
1 São Tomé & Príncipe 🇸🇹 Central Africa • Dobra (STN)
22,281.80
2 Sierra Leone 🇸🇱 West Africa • Leone (SLE)
20,969.50
3 Guinea 🇬🇳 West Africa • Guinean Franc (GNF)
8,776.57
4 Madagascar 🇲🇬 East Africa • Malagasy Ariary (MGA)
4,285.37
5 Uganda 🇺🇬 East Africa • Ugandan Shilling (UGX)
3,774.85
6 Burundi 🇧🇮 East Africa • Burundian Franc (BIF)
2,990.67
7 Tanzania 🇹🇿 East Africa • Tanzanian Shilling (TZS)
2,646.50
8 DR Congo 🇨🇩 Central Africa • Congolese Franc (CDF)
2,312.26
9 Malawi 🇲🇼 Southern Africa • Malawian Kwacha (MWK)
1,733.85
10 Rwanda 🇷🇼 East Africa • Rwandan Franc (RWF)
1,465.00

Source: Forbes

Geopolitics & Power

(Photo Credit: Club Of Mozambique)

🇲🇿 Mozambique awards Chinese firms a 25-year contract to build and operate a one-stop border post linking it to Zimbabwe

Mozambique awarded a 25-year concession to Chinese firms Union Portlink Capital and Zhongmei Engineering Group to build and run a $30 million one-stop border post at Machipanda.

The Chinese firms hold a 75% stake, Mozambique's government owns 15%, and local businesspeople hold 10%.

Construction begins in October to streamline customs, reduce trade congestion, and boost access to the Port of Beira. Read more…

Global Trends, African Impact

(Photo Credit: CNBC)

🇨🇳 China’s $4 billion bid for African gold assets collapses, but Zijin keeps a $295 million foothold

China's Zijin Gold terminated its C$5.5 billion takeover of Allied Gold after remaining conditions could not be met. Instead, Zijin will invest $295 million for a 9.2% stake in the miner.

The investment will fund Allied's Kurmuk project in Ethiopia, the Sadiola mine expansion in Mali, and operations in Côte d'Ivoire.

Allied remains independent while preserving Zijin's foothold in African gold. Read more…

Executive Trivia

Finish the slogan: Think _ _ _ _

Login or Subscribe to participate

Hundreds of creators. Zero new hires.

partnerUP is the creator team your Shopify brand can't afford to hire. You guide the brief, the AI reaches hundreds of creators, ranks them by fit, handles contracts and payment, and tracks what each drives back to your store. Your first two creators are on us.

Did You Know?

(Photo Credit: MDPI)

Despite the oil palm tree being native to West and Central Africa—and palm oil being a major everyday culinary ingredient across the continent—Indonesia is actually the world's largest producer. Together with neighboring Malaysia, the two countries control over 80% of the entire global palm oil supply!

Know someone who'd enjoy this briefing?