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 1,400bps rate cut leads Africa

Ghana's Bank of Ghana cut its benchmark rate by a cumulative 1,400 basis points from 28% in January 2025 to…

Kenya revives $1.2bn JKIA expansion

Kenya has appointed the Trade and Development Bank and Africa Finance Corporation to arrange $1.2 billion in financing for the…

DStv sets World Cup streaming record

DStv Stream recorded over 900,000 concurrent viewers for South Africa's opening World Cup 2026 match against Mexico on June 12,…

Nigeria slams the IMF’s tax prescriptions

A Nigerian think tank, the Alliance for Economic Research and Ethics, has criticised the IMF's 2026 Article IV recommendations including…

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…

South Africa braces for June 30

South Africa's police service has activated joint operations in all nine provinces at a projected…