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.

Africa is the world’s new shipping hub

The Hormuz closure and Red Sea insecurity have converted Africa's coastline into the world's primary shipping corridor, with Tanger Med,…

Nigeria banks hit record N20.2tn capital

Nigeria's five largest banks crossed N20.2 trillion ($13.9 billion) in combined shareholders' funds, the highest equity base in Nigerian banking…

Richest people in Africa 2026

Africa's wealthiest individuals in 2026 span oil refining, mining, telecoms, retail and financial services. This is the definitive guide to…

Africa startup investors at five-year low

Only 162 unique investors participated in African startup deals in the first four months of 2026, down 26% year on…

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…