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OmniRetail, M-KOPA, Sabi, TymeBank make FT’s Africa fastest-growing companies list

TechCabal • 12 May 2026, 16:51

Financial Times’ 2026 ranking of Africa’s Fastest-Growing Companies, an annual list that features 130 high-growth businesses across the continent, has featured 30 startups in its rankings.

Uganda's President Yoweri Museveni sworn in to seventh consecutive term

Africanews EN • 12 May 2026, 16:21

Uganda's president Yoweri Museveni was sworn in for a seventh five-year term on Tuesday, cheered by a crowd of thousands at the event outside Kampala. The 81-year-old won January's election with 72 percent of the vote, according to official results rejected by the opposition.

EIB presents credit risk information in the Middle East and North Africa

European Investment Bank / EIB - Africa • 12 May 2026, 16:15

The European Investment Bank (EIB) on Monday hosted a half-day seminar focused on the Global Emerging Markets Risk Database (GEMs), the world’s largest credit risk database for emerging markets, and its role in supporting investment in Emerging Markets and Developing Economies (EMDEs).

Macron and Ruto pledge mutal respect and co-investment at Africa Forward summit in Nairobi

Africanews EN • 12 May 2026, 16:11

This week's two-day Africa Forward summit has been billed as a milestone in relations between France and the African continent. Co-hosted by Nairobi and Paris, President Macron said the event was "based on a shared agenda." Kenya's President Ruto hailed the start of a new era of mutual respect.

Ethiopia Energy Project: China’s Ming Yang Secures License for $15 billion Renewables

Construction Review Online - Africa • 12 May 2026, 16:09

Ethiopia Energy Project advances after China’s Ming Yang secures a $15 billion renewable energy investment license in Ethiopia. Moreover, the program integrates 2.8GW solar, wind power, green hydrogen, and ammonia production systems. The investment rose from $10 billion agreement to nearly $15 billion after expansion approval. It strengthens Ethiopia’s industrialization and energy security goals across […]

85-year-old French woman describes ordeal in Louisiana ICE facility

Africanews EN • 12 May 2026, 15:57

Marie‑Thérèse Ross thought she was building a quiet life in Alabama with the man she loved. Instead, the 85‑year‑old French widow of a U.S. veteran found herself handcuffed in her pajamas, held for 16 days in an immigration facility where she says she heard babies crying in the night.

Stats SA data shows manufacturing uptick not enough to stave off first quarter contraction

BusinessLIVE / Business Day South Africa • 12 May 2026, 15:53

Stats SA data shows manufacturing uptick not enough to stave off first-quarter contraction Annual growth of 0.9% in March driven mainly by food and beverages after 2.3% shrinkage in February A 0.9% year-on-year expansion in manufacturing output in March was not enough to avert a contraction during the first quarter of the year, which is likely to be a damper on economic growth for the period. The sector — the fourth-largest contributor to GDP, accounting for about 13% — fell 1% in the first three months of the year compared with the same period in 2025, Stats SA said. Five of the 10 divisions reported lower production levels, led by petroleum, chemical products, rubbe

Fidelity Bank’s annual revenue up 46%

Premium Times Nigeria • 12 May 2026, 15:39

The lender recorded gross earnings of N1.5 trillion in the period, up from N1 trillion.

Why Nigerian Breweries and Nestlé are recovering faster than expected

Nairametrics • 12 May 2026, 15:19

… Is it still time to Buy and/or Hold? Nigerian Breweries Plc and Nestlé Nigeria Plc, two consumer goods giants listed on the Nigerian Stock Exchange (NGX), have released their 2025 audited results, showing impressive recoveries in 2025, with strong momentum carrying into Q1 2026. After struggling through the Naira devaluation-induced crisis of 2023 and 2024, the companies have returned to profitability, and investors are taking notice. But the big question is: Is this recovery sustainable, and is it still time to buy and/or hold these stocks? First, let us look at the crisis years, recovery, and what led to them. Both com

Updates on the 2026 Islamic Development Bank (IsDB) Prize for Impactful Achievement in Islamic Economics

Africa Energy Chamber • 12 May 2026, 15:11

The Islamic Development Bank Institute (IsDBI) (www.IsDBInstitute.org) announces that the IsDB Prize for Impactful Achievement in Islamic Economics will be awarded every two years, alternating between the Knowledge Contribution and Development Solutions categories. The next cycle of the Prize will be launched

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