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 vibrant city street scene with people walking among urban architecture and buildings.
AfricaBusiness

South Africa’s June 30 shutdown arrives

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Africaspoint Editorial

Anti-immigration protesters marched across South Africa's major cities on June 30, the deadline set by the March and March movement…

Strait of hormuz between iran and oman
AfricaBusiness

US-Iran truce sends oil crashing

By
Africaspoint Editorial

A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent crude crashing from a peak…

AfricaBusiness

MTN’s MoMo is going super app

By
Africaspoint Editorial

MTN Group Fintech has partnered with Ant International, the global payments firm behind Alipay, to transform its MoMo mobile money…

A modern glass skyscraper reflecting the cityscape in Porto Alegre, Brazil.
AfricaBusiness

AfDB backs Arua airport in Uganda

By
Africaspoint Editorial

The African Development Bank has approved $180 million to upgrade Uganda's Arua Airport into an international-standard facility capable of handling…

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…

Nigerian flag fluttering against a modern city building backdrop, symbolizing national pride.
Africa GDP 4.2 percent growth fastest economies 2025 2026CBN Nigeria Central Bank Year award Cardoso reform FX inflation 2026

Nigeria slams the IMF’s tax prescriptions

A South African passport rests on a detailed map, symbolizing travel and exploration.
HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

Stop checking passports, SA minister warns

Skyline view of an industrial factory with tall chimneys against a clear sky.
Aliko DangoteDangote refinery 700000 barrels day capacity expansion 1.4 million 2026

Dangote’s petrol unit is down 34%

Nigeria oil gas energy production offshore industrial petroleum refinery modern
Africa fastest growing economies 2026 IMFAspen Pharmacare R27 billion APAC sale BGH Capital Stephen Saad JSE 2026

Elumelu named Seplat’s next chairman

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