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 South African passport rests on a detailed map, symbolizing travel and exploration.
AfricaBusiness

Stop checking passports, SA minister warns

By
Africaspoint Editorial

South Africa's Justice Minister Mmamoloko Kubayi warned at an Inter-Ministerial Committee on Migration briefing on June 14 that private citizens…

Skyline view of an industrial factory with tall chimneys against a clear sky.
AfricaBusiness

Dangote’s petrol unit is down 34%

By
Africaspoint Editorial

The Dangote Petroleum Refinery has been running its main petrol-producing RFCCU unit at 34% below capacity since May 21, initially…

Nigeria oil gas energy production offshore industrial petroleum refinery modern
AfricaBusiness

Elumelu named Seplat’s next chairman

By
Africaspoint Editorial

Seplat Energy announced on June 9 that Tony Elumelu will become board Chairman from January 1, 2027, succeeding Senator Udoma…

Business jet aircraft luxury aviation private modern terminal ultra long range fleet
AfricaBusiness

Rabiu buys $81m jet, nears $20bn

By
Africaspoint Editorial

BUA Group Chairman Abdulsamad Rabiu has taken delivery of an $81 million Bombardier Global 8000, becoming the first African to…

Angola GDP growth 5.3 percent non-oil diversification Q1 2026Dangote Refinery IPO

US-Iran truce sends oil crashing

A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent…

Africa startup funding May 2026 $259 million Bima NALA LemFi fintech reboundAI

MTN’s MoMo is going super app

MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to…

Africa GDP 4.2 percent growth fastest economies 2025 2026Uganda Airlines Boeing 10 aircraft fleet expansion Museveni 2026

AfDB backs Arua airport in Uganda

The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an…

South Africa immigration xenophobia Ramaphosa March deportation crackdown 2026South Africa Infrastructure

South Africa braces for June 30

South Africa's police service has activated joint operations in all nine provinces at a projected…

Africa fintech startup funding technology investment digital economy growth chart data
Admaius Capital Virunga II $500 million Africa private equity IFC 2026Africa startup funding $1 billion H1 2026 venture capital

Africa’s startup funding rebounds in May

Kenya digital infrastructure EU connectivity fiber satellite modern city Nairobi technology
AIKenya

Kenya lands €102m EU digital package

Satellite dishes against a cloudy sky create a moody urban scene.
AIAmazon LEO Kuiper Kenya satellite ground station Starlink Africa internet 2026

Kenya Starlink trial produces striking results

Nigeria modern business district finance investment trade commerce bilateral partnership
HormuzNigeria

UK launches £15m Nigeria growth programme

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