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.

Tinubu’s three-year reform scorecard is mixed

Three years into Tinubu's reforms, Nigeria's GDP averages 3.46% quarterly growth, external reserves stand at $49.26 billion and federal revenues…

Zimbabwe’s NRZ wins $150m Afreximbank rescue

Zimbabwe's National Railways of Zimbabwe is finalising a $150 million short-term loan from Afreximbank to rehabilitate railway infrastructure and refurbish…

Yango bets on Africa’s AI market

Yango Group launched Yango Tech on May 18 in Namibia, entering the B2B AI and digital infrastructure market across Africa.…

Absa Kenya smashes Q1 profit record

Absa Bank Kenya posted Q1 2026 profit after tax of KSh 5.3 billion ($41 million), with a 20.3% return on…

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…