African Business was first published in January 1982. Anver Versi was the founding editor of the magazine. Its headquarters is in London. The monthly magazine covers business events across Africa. Special reports discuss specific sectors and industries. As of 2012, the magazine had about 140,000 subscribers. The magazine is published in English and French editions. The magazine organizes the annual "African Business Awards" event in collaboration with the Commonwealth Business Council. The 2011 event was held in London, England.