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Jumia’s revenue rises 39% as Q1 2026 hits $50.6M

Techpoint Africa • 12 May 2026, 07:00

On Techpoint Digest, we discuss Jumia's 39% revenue increase in Q1 2026 to $50.6 million, Vodacom Group's 12.2% increase to R167.7 billion, and KCB's drop of the Pesalink fee to a flat KSh 20.

KAV.vx Additional Fund Raise in Zimbabwe

Victoria Falls Stock Exchange • 12 May 2026, 06:48

Issuer: KAVANGO

Oil extends gain as Trump casts doubt over ceasefire with Iran

Moneyweb • 12 May 2026, 06:45

Oil pushed higher as US President Donald Trump cast doubt over the ceasefire with Iran after rejecting Tehran’s latest peace offer, prolonging the effective closure of the vital Strait of Hormuz. Brent crude traded near $105 a barrel after rising 2.9% in the previous session, while West Texas Intermediate was close to $99. Trump told reporters in the Oval Office that the truce was on “massive life support” while deriding the Iranian response to his proposal to end the 10-week war. A ceasefire has been in place since early April and has held even after a series of flare-ups in violence recently, including attacks on ships. The nea

Ongwe élargit la découverte d'or de Manga sous une couverture de calcrète.

Mining Review Africa • 12 May 2026, 06:30

Ongwe Minerals étend la minéralisation aurifère de Manga vers l'est sous la couverture de calcrète, révélant des teneurs plus élevées et un potentiel important. Carte régionale illustrant l'emplacement de la cible Manga et du gisement d'or de Kokoseb (WIA Gold). continue d'étendre l'empreinte de Les résultats confirment une minéralisation plus forte et plus étendue vers l'est sous d'épaisses couches. À Manga, la minéralisation se prolonge vers l'est sous une épaisse couverture de calcrète, la minéralisation actuellement définie s'étendant sur plus de La minéralisation s'élargit et reste ouverte vers l'est, avec une au

Motsepe says partnerships boosting South Africa’s mining sector

Moneyweb • 12 May 2026, 06:18

South Africa has regained competitiveness in mining because of partnerships between the public and private sector to tackle regulatory issues and structural bottlenecks, according to billionaire Patrice Motsepe. Policy uncertainty together with vandalism, power outages and logistics bottlenecks have weighed on South Africa’s mining industry for more than a decade. President Cyril Ramaphosa’s government partnered with business groups including B4SA to address the nation’s sub-standard transport and energy infrastructure and operations. “They’ve done very well over the last few years in ensuring” South Africa becomes a destination

US asks to keep collecting Trump’s tariffs after court loss

Moneyweb • 12 May 2026, 06:00

The Trump administration asked the US trade court to pause a ruling that declared the president’s latest 10% global tariffs unlawful while the government appeals, meaning importers would keep paying the levies while the legal fight continues. In a 2-1 decision last week, a US Court of International Trade panel found that President Donald Trump’s use of Section 122 of the Trade Act of 1974 to impose the tariffs was invalid, although the court only immediately blocked enforcement for two companies that sued and Washington state. Despite the limited scope of the court’s order for now, the Justice Department argued in a Monday filing th

NESG raises fresh concern over Nigeria’s debt burden

Vanguard Nigeria • 12 May 2026, 05:48

By Babajide Komolafe Fresh concerns have emerged over Nigeria’s debt burden with the outlook for 2026 indicating new borrowings at about N29 trillion. Giving its verdict on the debt situation, the Nigerian Economic Summit Group (NESG), Nigeria’s foremost economic think-tank, in the May 2026 edition of its Debt Burden Monitor released yesterday, said that debt pressure […]

Boosting efficiency in Northern Canada’s gold mining with AutoNav Lite Technology

African Mining Market • 12 May 2026, 05:44

RCT – Powered by Epiroc is proud to have supported the rapid deployment of AutoNav Lite (semi-automation) on two dozers, helping to accelerate stabilisation and remediation activities at a major gold mining operation in Northern Canada. The project involved the commissioning two remotely operated dozers to undertake critical works within controlled areas of the operation, …

Trump says US Iran ceasefire on ‘massive life support’

Moneyweb • 12 May 2026, 05:34

Trump says US-Iran ceasefire on ‘massive life support’ The ceasefire between the US and Iran reached a particularly precarious moment Monday as President Donald Trump said the agreement was on “massive life support” after he rejected Tehran’s latest peace offer. Speaking to reporters in the Oval Office, Trump called Iran’s response to his proposal a “piece of garbage” and said he “didn’t even finish reading it.” Iran responded to last week’s US peace proposal by demanding a lifting of Washington’s naval blockade and sanctions relief, while maintaining a degree of control over traffic through the Strait of Hormuz, according to a person familiar with the matter, who asked not to be identified

Chronique hebdomadaire des marchés africains 8 Mai 2026

African Markets • 12 May 2026, 05:18

Chronique hebdomadaire des marchés africains - 8 Mai 2026 Une semaine globalement positive pour les marchés africains, avec 11 places sur 16 dans le vert, dans un contexte d'actualité boursière dense : relèvement de note souveraine au Ghana, nouvelles cotations à la BRVM et à la BVMAC, projet de dual listing pour Dangote Cement, et un sommet France-Afrique à Nairobi qui remet sur la table la question du coût du capital sur le continent. Le TUNINDEX signe la meilleure performance hebdomadaire avec +2,92 %, portant son avance annuelle à +22,88 % en monnaie locale, l'une des progressions les plus régulières du continent depuis janvier. Dans son sillage, le ZSE zimbabwéen gagne +2,73 % et confir

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