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.

A large building of the central bank of nigeria.
AfricaBusiness

Five nations split Africa’s $3.6 trillion

By
Africaspoint Editorial

Five African economies, Nigeria, South Africa, Egypt, Ethiopia and Algeria, account for approximately half of the continent's $3.6 trillion GDP…

Oil rig in action during sunset, featuring heavy machinery and a lone worker on site.
AfricaBusiness

Dangote exposes the oil mafia

By
Africaspoint Editorial

Aliko Dangote publicly described a coordinated "oil mafia" that he says tried to prevent his $20 billion Lekki refinery from…

AfricaBusiness

Canal Plus hits JSE June 3

By
Africaspoint Editorial

Canal Plus will list on the Johannesburg Stock Exchange on June 3, 2026 under code CNP, becoming the first French…

Luxury jewellery watches gold display elegant craftsmanship Richemont Cartier
AfricaBusiness

Rupert’s Richemont posts record $26bn sales

By
Africaspoint Editorial

Richemont reported revenue of €22.4 billion ($26 billion) for FY2026, up 11% at constant exchange rates, with net profit surging…

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…

Colleagues brainstorming and writing on a glass board in modern office.
Africa startup funding $1 billion H1 2026 venture capitalAfrica tech ecosystem energy logistics fintech investment 2026

Bloomberg names Africa’s top 25 startups

Egypt Cairo Nile River skyline urban cityscape investment finance economic
EgyptEgypt FDI 9.3 billion GDP growth 5.3 percent IMF 2026

Egypt’s FDI hits $9.3bn, economy grows

South Africa rand currency money banking financial monetary policy
SARB MPC repo rate decision South Africa 6.75 percent 2026SARB repo rate cut 6.5 percent MPC South Africa May 2026

SARB cuts repo to 6.5 percent

Africa digital technology data innovation startup code screen laptop
Africa startup funding $1 billion H1 2026 venture capitalAfrica tech ecosystem energy logistics fintech investment 2026

Africa’s startup funding races toward $1bn

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