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BUSINESS BRIEF
BY BUSINESS INSIDER AFRICA
AUG 28, 2026
5-MINUTE READ
Africa’s daily intelligence on business, policy and power—what changed, what it means and what to watch next.
OPENING SIGNAL
Kenya’s traders are pushing back against higher import costs

Kenyan riot police fired tear gas to disperse small-scale traders protesting in downtown Nairobi on Friday, forcing hundreds of local businesses to close.

The demonstrations erupted after the Kenya Revenue Authority increased import duties on August 20, raising the minimum customs valuation benchmark for a consolidated 40-foot container from 2.5 million to 3.2 million Kenyan shillings ($24,700).

While tax authorities argue the price adjustment curbs import under-declaration and protects compliant local manufacturers, small-scale traders contend that the higher clearing costs threaten businesses reliant on consolidated shipments to lower expenses.

READ THE FULL STORY →
THE DAILY NUMBER ONE NUMBER BEHIND THE NEWS
700%
NORTHAM'S PROFIT SURGE
Platinum prices help drive a major turnaround
South Africa's Northam Platinum reported a near eight-fold increase in annual profit, helped by record production and stronger platinum group metals prices.
WHY IT MATTERS: Higher commodity prices can rapidly change the outlook for mining companies when production is also moving in the right direction.
ACROSS AFRICA RETAIL · ENERGY · BUSINESS
RETAIL · SOUTH AFRICA
Truworths feels the pressure from a weaker consumer
South African fashion retailer Truworths reported a decline in full-year profit, reflecting the continued pressure on consumers despite improvements in other parts of the economy.
ENERGY · SOUTH AFRICA
South African miners are looking beyond Eskom
Mining companies are accelerating investments in renewable energy as they try to reduce costs, cut their reliance on Eskom and meet growing pressure to lower emissions.
MARKETS · SOUTH AFRICA
Mining's profit boom is spreading
Northam's results add to a growing picture of how higher commodity prices are improving the fortunes of parts of South Africa's mining sector.

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THE AFRICA BOARD MARKETS AT A GLANCE
SOUTH AFRICAN RAND
R16.03/$
● HOLDING STEADY
NIGERIAN NAIRA
₦1,340/$
▲ OFFSHORE FLOWS OFFER SUPPORT
BRENT CRUDE
$88.39
▼ DEMAND FEARS WEIGH ON PRICES
SPOT GOLD
$4,584/oz
▲ SAFE-HAVEN DEMAND BUOYS GAINS
AUG 28, 2026 · MARKET FIGURES ARE SNAPSHOTS AND SHOULD BE REFRESHED BEFORE SEND.
WORLD → AFRICA THE GLOBAL STORY, MADE LOCAL
GLOBAL MARKETS · MONETARY POLICY
Global markets are waiting for the Fed
Investors are focused on the next signals from the U.S. Federal Reserve as they assess the outlook for interest rates, inflation and global capital flows.
For African economies, a shift in U.S. interest-rate expectations can quickly affect the dollar, borrowing costs and the flow of capital into emerging markets.
THE AFRICA ANGLE: A change in U.S. monetary policy can influence how much African governments and businesses pay to borrow—and how attractive their markets look to foreign investors.
WHAT WE’RE WATCHING THE NEXT 72 HOURS
01
Kenya's import-duty protests
The dispute could test how far the government is willing to go with tougher import enforcement.
WATCH: WHETHER THE BENCHMARKS ARE REVIEWED
02
Northam's next move
Record output and stronger prices have significantly improved the company's financial position.
WATCH: WHETHER BUYER INTEREST DEVELOPS FURTHER
03
The Fed's next signal
Global investors are looking for more clarity on the outlook for U.S. interest rates.
WATCH: INFLATION AND RATE EXPECTATIONS

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EXECUTIVE TRIVIA
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JOIN THE NEWSROOM YOUR VIEW MATTERS
TODAY'S QUESTION
Should governments protect small businesses from tougher tax enforcement?
Governments need to collect taxes and stop businesses from abusing the rules. But stricter enforcement can also increase costs for smaller operators that may have fewer resources to adapt.
Where should governments draw the line between stronger enforcement and protecting small businesses?
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