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.

Equity’s Congo goldmine: 58% profit surge

Equity Group CEO James Mwangi confirmed plans to establish two insurance businesses in the DRC as Equity BCDC posted a…

Aspen dumps Asia for R27bn windfall

Aspen Pharmacare completed its R27 billion ($1.65 billion) sale of its Asia Pacific pharmaceutical business to Australian PE firm BGH…

Mauritius bank plugs Africa’s $92bn trade hole

Mauritius Commercial Bank announced a $1 billion trade finance facility on June 1, to be deployed over four years to…

Mulilo’s $884m solar push adds 716MW

Mulilo Renewable Energy pledged nearly R15 billion ($884 million) at the South Africa Investment Conference on March 31, 2026, to…

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…