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.

Safaricom’s OneApp hits 4.7 million users

Safaricom's unified My OneApp platform reached 4.7 million registered users as of June 29, with 1.3 million daily active users,…

Family Bank’s NSE debut surges 44%

Family Bank listed on the Nairobi Securities Exchange by introduction on June 23, the largest private-sector listing in over 17…

Kenya awards JKIA rebuild to China

Kenya signed a Ksh154.2 billion ($1.2 billion) contract with China Road and Bridge Corporation on June 23 to modernise Jomo…

South Africa’s fiscal turnaround gathers pace

South Africa's National Treasury reported a primary budget surplus of R86.7 billion (1.1% of GDP) for 2025/26, exceeding the 0.9%…

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…