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.

Ghana’s FDI quadruples to $2.61bn

Ghana attracted $2.61 billion in FDI in 2025, more than four times the $652 million in 2024, according to provisional…

Spiro banks $215m to electrify Africa

Spiro raised $215 million in equity financing on June 1, the largest equity raise in African electric mobility history, backed…

Ghana’s AgriConnect plan targets 2.6m jobs

Ghana launched the AgriConnect Compact on June 3 with World Bank, IFAD and IFC support, targeting 2.6 million jobs by…

Ethiopia lures Kenya’s EV makers north

Ethiopia's target for EVs to represent 80% of new vehicle registrations by 2030 is drawing Kenya's top electric mobility companies…

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…