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.

Lagos Nigeria urban skyline city commercial business district economy
AfricaBusiness

Tinubu’s three-year reform scorecard is mixed

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Africaspoint Editorial

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 railway train locomotive infrastructure tracks freight transport
AfricaBusiness

Zimbabwe’s NRZ wins $150m Afreximbank rescue

By
Africaspoint Editorial

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

Africa smart city technology AI digital urban infrastructure innovation
AfricaBusiness

Yango bets on Africa’s AI market

By
Africaspoint Editorial

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

Nairobi Kenya bank finance building skyscraper modern city tower
AfricaBusiness

Absa Kenya smashes Q1 profit record

By
Africaspoint Editorial

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

Endeavour Mining gold West Africa $880m EBITDA Assafou Burkina Faso Cote Ivoire 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…

Africa GDP 4.2 percent growth fastest economies 2025 2026Africa sovereign wealth funds $164 billion mining minerals EIH FONSIS Guinea Simandou 2026

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia Addis Ababa Entoto Kebena riverside Beautifying Sheger Abiy urban 2026

Abiy unveils Addis Ababa’s riverside makeover

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

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

EU’s steel tariff hits South Africa

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

Pharmacy medicine healthcare retail products shelf South Africa
Dis-Chem South Africa pharmacy healthcare expansion 2026 2027National Health Insurance South Africa universal healthcare

Dis-Chem accelerates with 34 new pharmacies

Africa startup funding $1 billion H1 2026 venture capitalAfrica tech ecosystem energy logistics fintech investment 2026

Nala raises $50m for stablecoin push

Africa tech ecosystem energy logistics fintech investment 2026South Africa Infrastructure

Yoco snaps up AI startup Dyner

Ethiopia telecommunications mobile technology digital network infrastructure Africa
Africa GDP 4.2 percent growth fastest economies 2025 2026Ethio Telecom ESX Ethiopian Securities Exchange TELE IPO 2026

Ethio Telecom hits Ethiopia’s stock exchange

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