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.

AfricaBusiness

Africa’s DJ economy: Black Coffee leads $60m music empire

By
Africaspoint Editorial

Black Coffee has built a $60 million empire from DJing, Grammy-winning production, tech equity and catalogue ownership. He is the…

A large jetliner sitting on top of an airport runway
AfricaBusiness

Airbus hails Ethiopian Airlines as Africa’s aviation blueprint

By
Africaspoint Editorial

Airbus's Africa director publicly praised Ethiopian Airlines as the definitive continental aviation success story at the Africa Forward Summit week,…

Kenya family conglomerate corporate debt stress DL Group tea holdings business restructuring
AfricaBusiness

Kenya’s DL Group denies tea sale as debt pressure mounts

By
Africaspoint Editorial

Kenya's DL Group has denied reports of a tea asset sale but Billionaires.Africa's analysis reveals multiple live debt actions across…

shallow focus photography of Taxi signage
AfricaBusiness

Cape Town taxis go cashless from June 1

By
Africaspoint Editorial

Cape Town's Codeta taxi association launches a cashless payment system from June 1, replacing cash fares with prepaid cards and…

Africa fintech unicorn public listing 2026Africa startup funding Q1 2026

Airtel Africa profit triples to $813m as data beats voice

Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…

Africa fintech unicorn public listing 2026Africa telecom infrastructure consolidation

Safaricom FY2026: record KSh80bn dividend, profit up 67%

Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…

Enoch Godongwana Treasury fiscal policySouth Africa energy transition load shedding end

South Africa unemployment hits 32.7% as 345,000 jobs lost

South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…

Dangote Mombasa refinery Kenya East Africa 2026Dangote Refinery IPO 2026

Dangote picks Mombasa for $17bn East Africa refinery

Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…

Africa mobile money credit scoring device financeFlutterwave

Somalia’s Hormuud finances 100,000 smartphones for poor

Africa agricultural finance capital markets securitisationAfrica startup funding Q1 2026

Kenya’s first private agri-securitisation at $2.1m

Africa telecom infrastructure consolidationKenya Finance Bill 2026 digital tax

Safaricom doubles home fibre speeds as rivals enter

Africa outpaces Asia growth FDI 2026Africa startup funding Q1 2026

Shiprazor raises $2.65m to fix Africa e-commerce logistics

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