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

Kenya sells $1.6bn Safaricom stake to Vodacom

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Africaspoint Editorial

Kenya's parliament approved a $1.6bn sale of a 15% Safaricom stake to South Africa's Vodacom, raising Vodacom's control to 55%…

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AfricaBusiness

South Africa manufacturing contracts for fourth straight month

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Africaspoint Editorial

South Africa's manufacturing output fell 2.8% year-on-year in February 2026, the fourth consecutive monthly contraction and worst since April 2025,…

BusinessEast Africa

Diageo’s $2.3bn EABL sale clears Kenya court

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Africaspoint Editorial

A Kenyan court cleared Diageo's $2.3bn sale of East African Breweries to Japan's Asahi Group on April 10, dismissing a…

AfricaBusiness

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

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Africaspoint Editorial

Nigerian defence startup Terra Industries raised $11.8m from Palantir co-founder Joe Lonsdale's 8VC and Anduril backers to expand autonomous drone…

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…

Bola TinubuFirstRand Aldermore

FirstRand dumps UK bank after $993m car loan hit

Kenya data sovereigntyMTN Ghana

Vodacom takes control of Safaricom in $1.6bn deal

Afreximbank NigeriaBola Tinubu

Dangote secures $4bn loan to power Africa’s biggest refinery

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Kenya tea exportsKTDA Kenya

Kenya tea breaks Sh219bn in export surge

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