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.

Egypt’s FDI hits $9.3bn, economy grows

Egypt's net FDI reached $9.3 billion in H1 FY2025/26 (July to December 2025), up 55% from $6 billion a year…

SARB cuts repo to 6.5 percent

South Africa's MPC cut the repo rate by 25 basis points to 6.5% on May 29, effective May 30, resuming…

Africa’s startup funding races toward $1bn

African startups raised $887 million across 84 transactions in the first four months of 2026, putting the continent on course…

OCP backs $150m Africa agro-industrial fund

Morocco's OCP Group and France's Bpifrance launched the $150 million Seed of Africa Investment Fund at the Africa Forward Summit…

Airtel Zambia joins the $1bn club

Airtel Networks Zambia Plc crossed US$1 billion in market capitalisation on the Lusaka Securities Exchange…

Spiro bets on batteries, not motorcycles

Spiro co-founder Gagan Gupta told TechCabal that batteries and energy infrastructure, not motorcycles, drive the…

Tanzania self-funds its $24bn budget

Tanzania's Finance Minister Khamis Mussa presented the Tsh62.33 trillion ($24 billion) 2026/27 budget on June…

Cardoso wins Central Bank of the Year

Nigeria's Central Bank was named Central Bank of the Year 2026 at the Central Banking…