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.

AfricaBusiness

Zenith and GTCO earn $183m from digital fees

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Africaspoint Editorial

Nigeria's two largest banks by market cap, Zenith Bank and GTCO, collectively earned N283 billion ($183 million) from account maintenance…

AfricaBusiness

Nigeria’s oil birthplace runs on solar now

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Africaspoint Editorial

Oloibiri, the Nigerian village where Shell struck the country's first commercial oil in 1956, now runs on solar after 15…

AfricaBusiness

Kenya seals $2.9bn in deals at KIICO 2026

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Africaspoint Editorial

Kenya secured $2.9 billion in investment commitments across 20 deals at the KIICO 2026 conference in Nairobi, targeting 63,000 new…

AfricaBusiness

SA mining hits 2-year high on platinum surge

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Africaspoint Editorial

South Africa's mining output surged 9.7% year-on-year in February, the fastest pace since February 2024, driven by a 52.3% jump…

Africa fintech unicorn public listing 2026Africa startup funding Q1 2026

Airtel Africa profit triples to $813m as data beats voice

Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…

Africa fintech unicorn public listing 2026Africa telecom infrastructure consolidation

Safaricom FY2026: record KSh80bn dividend, profit up 67%

Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…

Enoch Godongwana Treasury fiscal policySouth Africa energy transition load shedding end

South Africa unemployment hits 32.7% as 345,000 jobs lost

South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…

Dangote Mombasa refinery Kenya East Africa 2026Dangote Refinery IPO 2026

Dangote picks Mombasa for $17bn East Africa refinery

Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…

Diageo EABL AsahiEast African Breweries

Diageo’s $2.3bn EABL sale clears Kenya court

Africa AIAfrica defence technology

Palantir co-founder bets $11.8m on Nigerian drone maker

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Benin election 2026Patrice Talon

Benin votes tomorrow as Talon picks his successor

Africa 5G technologyAfrica AI

GITEX Africa opens in Marrakech with $5bn deals expected

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