Business

African business news: M&A activity, earnings reports, leadership changes, expansion moves, and corporate developments across all 54 nations. Essential intelligence for investors and executives.

Salt River Market transformed into 970 homes

Cape Town's Salt River Market site was formally handed to developer Communicare on June 8 after more than a decade…

Nigeria’s trade surplus triples to N7.55tn

Nigeria's Q1 2026 merchandise trade surplus surged 341% to N7.55 trillion ($4.1 billion) from N1.71 trillion in Q4 2025, driven…

Berbera’s rise reshapes East Africa trade

Berbera Port in Somaliland has expanded to 500,000 TEUs annually and is positioning itself as a major trade gateway for…

Ruto wins Sh20.7bn EU digital deal

President Ruto secured Sh20.7 billion ($160 million) in EU digital investments during his Brussels visit on June 8: Sh15.3 billion…

South Africa’s June 30 shutdown arrives

Anti-immigration protesters marched across South Africa's major cities on June 30, the deadline set by…

US-Iran truce sends oil crashing

A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…

MTN’s MoMo is going super app

MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…

AfDB backs Arua airport in Uganda

The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…