Good Morning Africa
Good Morning Africa is your daily source of Economy and Business news from the continent. It is a product of @TheKFinancial, hosted by Ruth Adong.
Management Buy-Out of Oryx Energies Approved
Afreximbank has disbursed a landmark US$975 million financing facility to part-finance the Management Buy-Out of Oryx Energies SA, bringing one of Africa’s largest and longest-established independent energy providers under majority African ownership for the first time.
AI Is Moving Faster Than Its Guardrails
Artificial intelligence is advancing faster than the systems designed to govern it. As governments struggle to keep pace with the technology, questions of accountability, safety and ethical oversight are becoming increasingly urgent.
Rwanda F1 2030: Building an African Sports Economy
Formula 1 is coming to Rwanda. But beyond the race itself, what ecosystem of opportunities could it bring to Africa?
From tourism and aviation to infrastructure, investment, technology and jobs, we explore what Rwanda’s F1 ambitions could mean for the wider economy, and how African businesses, talent and investors can position themselves to benefit.
Africa’s largest IPO comes to a close
Africa’s largest initial public offering is set to close on Tuesday, ending a 44-day window for investors to bid for a stake in the Dangote refinery in Nigeria. The share sale caps the company’s rapid two-year rise to become one of the continent’s most valued firms.
Africa's Largest IPO Comes To A Close
Diversifying Uganda’s Growth Finance
Uganda has accumulated substantial domestic savings, but how much of that money reaches productive businesses and infrastructure? Josephine Okwui-Ossia explains why capital markets matter to the country’s growth ambitions.
Uganda’s 10x Ambition- Who will finance it ?
Uganda wants to grow its economy from about US$ 50 billion in 2023 to US$ 500 billion by 2040. But can taxes, government borrowing, and development grants finance that ambition?
With development assistance shrinking, debt payments absorbing public resources and private-sector credit remaining limited, the country faces a fundamental financing challenge.
Dr Francis Mwesigye, Chief Economist at the Uganda Development Bank and co-author of a policy paper on financing the tenfold growth target, argues that Uganda must rethink its financial architecture and mobilise capital through markets and new financing instruments.
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Reform Is Not Enough
Africa has the potential to grow, but reforms must deliver jobs and investment. What separates economic policy announcements from results
AfCFTA: The Egyptian and Nigerian Journey To Easing Intra Africa Trade.
Why can it still be easier for an African business to buy from outside the continent than from another African country?
The African Continental Free Trade Area promises a single market, but turning that ambition into reality requires more than signing agreements. Countries must simplify customs procedures, harmonise standards, recognise rules of origin and invest in transport, logistics and energy infrastructure.
Egypt is upgrading trade infrastructure and positioning itself as a bridge between regions, while Nigeria is working on a national single window to make border processes more seamless.
Now, we ask what...
The Business of Protecting Nature
When competing land uses promise quicker returns, can carbon credits and nature-based businesses make conservation pay for the communities protecting Uganda’s ecosystems?
Meet The CEO Eugene Tawiah - (Re-Run)
Microsoft winding down ADC in Nairobi,
Microsoft is winding down its Africa Development Centre (ADC) in Nairobi, putting nearly 400 jobs at risk and reversing a seven-year effort to make Kenya a hub for building technology for global markets.
Global Diesel Crisis Looms
The International Energy Agency is urging governments to accelerate emergency oil stock releases and prioritise diesel supplies as disruptions to global oil trade tighten refined petroleum markets.
The agency says disruptions in the Strait of Hormuz, coupled with reduced Russian supplies following Ukrainian attacks on oil refineries, have created unprecedented tightness in global diesel markets.
South Africa’s Spam Calls Reach 17.5 billion
South Africa’s spam calls reached 17.5 billion in the first half of 2026. Now, the government wants companies to prove they have checked who they call before they press send.
Meet The CEO : Ken Njoroge, Co-CEO, Cellulant
In this episode of "Meet the CEO," we feature Ken Njoroge, Co-Founder and Co-CEO of Cellulant.
Ken is not a man who shies away from the challenges of entrepreneurship. In this episode, he discusses what it truly takes for an African business to scale across a fragmented continent. He shares his journey, from surviving the collapse of a major banking partner to launching a digital platform in 35 markets within just 90 days.
Africa Finally Has Its Own Credit Rating Agency
Africa now has its own credit rating agency. But can AfCRA bring an African perspective to sovereign risk while earning the independence and rigour global markets demand?
Financing Africa's Aviation Future III
Africa needs more aviation connectivity, but is access to capital really the biggest constraint?
With airlines earning much of their revenue in local currencies while paying for aircraft, fuel, maintenance, and other costs in dollars or euros, how should financing structures respond to that currency mismatch?
What role should African banks, pension funds, and development finance institutions play in financing aviation without simply providing rescue capital?
There is also a regulatory question: can stronger implementation of the Cape Town Convention and IDERA give financiers greater confidence...
Financing Africa's Aviation Future II
National airlines are often expected to do more than make money from supporting tourism and trade to maintaining strategically important routes.
But who pays when those routes are not commercially viable?
Should governments formally separate commercial routes from public-service obligations, rather than allowing national mandates to weaken an airline’s balance sheet and creditworthiness?
Financing Africa's Aviation Future
Africa’s aviation sector is often framed as a financing problem. But is the bigger issue actually whether airlines are ready for the capital they are seeking?
What are financiers looking for beyond the need for more aircraft and how do governance, credible financial reporting, foreign exchange risk and regulatory certainty affect the cost of capital?
In the first part of this financing series, Derek Nseko, Airspace Africa, lays the groundwork as he asks the hard questions.
Meet The Ceo : Daniel Yu-Africa Jobs Fund
We bring you Daniel Yu of the Africa Jobs Fund in our beloved series, Meet The CEO. He answers tough questions and challenges the stereotypical view of Africa's Job market.
Can Africa's next phase of economic growth be financed locally?
From Code To Companies
What happens when women move from learning to code to actually building businesses?
This episode of Good Morning Africa takes us inside Girl Code from the challenges women face entering tech, to the ideas being built, the money behind them, and the bigger ambition of turning those ideas into real businesses.
Because getting women into tech is one thing.
Getting them to build the future with it is another.
Meet The CEO: Pauline Nantongo Kalunda, Executive Director at ECOTRUST
Welcome to our episode of Meet the CEO episode of the month!
This time, we feature Pauline Nantongo Kalunda, Executive Director at ECOTRUST, whose journey in conservation is as inspiring as it is impactful.
Passionate about empowering smallholder farmers, Pauline shares the story behind ECOTRUST's 27 years of work and the investments that have transformed lives across Uganda.
Meet The CEO : Kanessa Muluneh, Founder Nyle
Welcome to the first Meet the CEO episode of the month.
This time, we feature Kanessa Muluneh, founder of Nyle
. Her vision is clear — unlocking Africa’s investment potential through profitable, high-impact ventures.
For 2026 alone, Nyle is targeting investments in more than 270 real estate and agriculture projects, 210 entertainment projects, 55 manufacturing ventures, and 37 mining and trade projects.
Buckle up as Kanessa dives into mentorship, scaling businesses, and navigating successful exits.
Meet Kanessa Muluneh — Founder, Nyle.
UEFA Is On Course To Generate More Than $5.9 billion
When building businesses across Africa, there’s a clear split between traditional and digital sectors.
Traditional businesses—like agriculture, construction, and mining—serve everyday needs. They’re resilient, even in tough economies, but often operate informally with limited systems and documentation.
Digital ventures are more structured and data-driven—but scaling them brings its own challenges.
For investors, one key lesson stands out: it’s not just about money.
Access to networks, mentorship, and knowledge is critical—especially for businesses looking to expand beyond their h...
Rising Fuel Prices Could Affect MTN Nigeria's profitability
MTN Nigeria has warned that rising fuel prices could affect its profitability this year, even as the country’s largest telco operator delivers record revenue growth and rebounds from last year’s currency shocks.
In its Q1 2026 results released on Wednesday, the company said it expects a 1.8 to 2.0% decline in full-year Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) margins if diesel prices average ₦2,000 ($1.45) per litre in the second half of the year.
Based on current revenue levels at ₦1.5 trillion ($1.09 billion), an expected decline of 2.0% w...
Uganda Airlines' Inflection Point
Uganda Airlines may be at a real turning point.
With the recent recapitalisation, the government has essentially given the airline the breathing room it needs—and for new CEO, Gima Wake, that space is critical. He’s taken on a very difficult job, inheriting years of mismanagement and operational instability.
But early signs suggest a shift. The focus so far has been on restoring reliability—fewer disruptions, more predictability—and that’s already improving passenger confidence.
The bigger challenge now is financial discipline: fixing inefficiencies and building a...
South Africa withdraws draft AI policy over AI citations hallucinations
South Africa withdrew a draft artificial intelligence policy after discovering that several of its academic citations were apparently AI hallucinations, raising questions about the state’s ability to regulate the fast-growing technology.
Communications Minister Solly Malatsi admitted that the department failed to spot the fabricated references before releasing the draft policy for public comment: “It’s a major embarrassment.”
Uganda has more power—but why is access still a problem?
Uganda is generating more electricity than ever before—but if that’s the case, why do so many households and businesses still lack reliable, affordable, and safe energy?
Is the real challenge no longer supply, but access—and affordability?
That’s what ABSA Bank Uganda and the Uganda Energy Credit Capitalization Company are now trying to address through a new green energy line of credit.
With up to 11 billion shillings in concessional financing, the facility will support clean energy companies to scale solar and other solutions, especial...
Rwanda and Mozambique to bear the brunt of the Middle East war
Financial markets remain resilient despite tensions driven by the Middle East conflict, according to the latest Global Financial Stability Report.
While the conflict has caused periods of volatility, markets have avoided major disruptions such as sharp losses, margin calls, or forced sell-offs. This stability is supported by central bank liquidity measures, improved market structures, and well-capitalized banks.
However, risks remain. Rising public and private debt, along with the growing role of leveraged non-bank investors, are increasing pressure on bond markets. Emerging markets are particularly exposed to sudden shifts in global...
Meta's acquisition of AI start-up Manus blocked
"Uganda's oil story is no longer just a promise — it's steel in the ground, wells being drilled, and processing facilities taking shape. But behind the headline numbers is a quieter revolution — local companies that started with nothing and can now lift 200 tons, move equipment across borders, and compete regionally. Our guest today is one of those witnesses — someone who has been inside this industry, moving the rigs, navigating the geopolitics, absorbing the shocks — and still believes the biggest chapter hasn't been written yet. This, he says, is just the tip of the iceberg."
Uganda's First Oil Drops This Year
Uganda is entering the final stretch toward its first oil, with government and industry leaders emphasising readiness, partnerships, and long-term value.
Officials say significant progress has been made on key projects, including Tilenga, Kingfisher, and the East African Crude Oil Pipeline, all critical to unlocking production.
But beyond infrastructure, Gloria Sebikari, Public Relations Officer at the Petroluem Authority of Uganda, says the focus is now shifting to institutional readiness—ensuring the country has the skills, regulatory frameworks, and private sector capacity to manage oil production sustainably.
Entry Level Jobs Are At Risk
Anthropic CEO Dario Amodei has warned that artificial intelligence (AI) would take over a large number of entry-level white-collar jobs within the next one to five years, raising concerns about a possible employment crisis in sectors such as finance, consulting and technology.
Speaking in an interview with Fox News, Amodei said AI systems are advancing at a pace that many people, businesses and policymakers may be underestimating.
According to him, tasks traditionally assigned to junior employees, including summarising documents, brainstorming ideas and preparing financial...
Regulation Is Stiffling Pension Fund Potential
Iran has reopened the Strait of Hormuz to all commercial vessels, ending a seven-week disruption that has upended economies and societies across the globe, the country's foreign minister said on Friday.
The announcement immediately triggered a tumble in global oil prices which had spiked as demand outstripped supply across the globe.
Tehran's announcement comes after Israel and Lebanon announced a 10-day ceasefire in a conflict where more than 2, 000 people in Lebanon, and 15 Israelis have been killed since late February.
<...Meet Samantha Musoke:INPAS Adoption and Engagement Director
What if non-profits could spend less time on paperwork and more time creating impact?
In our Friday series, we explore all things International Non-Profit Accounting Standard—INPAS—breaking down how it’s set to transform financial reporting across the sector, simplify complex donor requirements, and ease the burden on organisations.
Welcome to Meet the CEO. Today’s guest is none other than Samantha Musoke, INPAS Adoption and Engagement Director.
For more information on this, visit www.inprf.org
Absa Uganda Posts a 222bn Profit
Absa Bank Uganda has released its financial results, showing a huge UGX 222 billion net profit, which was up 25.1 percent compared to the 2024 performance.
David Wandera, Absa Uganda Managing Director, noted that the growth was a result of understanding the customers deeply, investing in digital capability, and being precise in how capital is deployed
Meet The Ceo: Faustin Rukundo Byishimo, CEO of Access Bank Rwanda
On this episode of Meet the CEO, we feature Mr. Faustin Rukundo Byishimo, Country Managing Director and CEO of Access Bank Rwanda. He shares insights on the evolving relationship between banks and fintechs, access to credit, and what it all means for women-led businesses.
This special episode is hosted by KFinancial CEO Arnold Kwizera and syndicated from our sister platform Pivot and Profit. Be sure to check them out for more compelling CEO conversations you may have missed.
From Rooms to Results:The Real Impact of Diaspora Symposiums
What happens after the conversations end at diaspora symposiums? Do these gatherings actually lead to real opportunities—or just more networking?
For the African Diaspora Network, success isn’t measured by who shows up, but by what people walk away with. So what kind of impact are we really seeing?
How many entrepreneurs are securing funding? What partnerships are being built behind the scenes—and how long do they take to translate into real growth?
In 2025 alone, more than seven founders reportedly received investment from a single investor. So what does that say about...
Climate risk is reshaping long-term investment decisions
How is climate risk reshaping long-term investment decisions—especially for pension funds?
What happens when floods, droughts, and extreme heat begin to threaten the very infrastructure these funds invest in?
Are governments and planners doing enough to factor climate risk into infrastructure that is meant to last 30 to 50 years?
And with over 600 billion dollars in pension assets across Africa—what will it take to unlock that capital for resilient, future-proof projects?
Are current regulations too restrictive—or simply too cautious?
A...
Global music revenues reach $31.7 billion in 2025
The African Diaspora Investment Symposium kicks off this week in Santa Clara under the theme Bridging Africa & Silicon Valley: Shaping the Future of Innovation, Investment, and Inclusive Growth
We speak to Almaz Negash, the CEO of the African Diaspora Network, on why the symposium will be moving to Africa.
