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.

shallow focus photography of Taxi signage
AfricaBusiness

Cape Town taxis go cashless from June 1

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Africaspoint Editorial

Cape Town's Codeta taxi association launches a cashless payment system from June 1, replacing cash fares with prepaid cards and…

AfricaBusiness

Otedola gains $36.5m in a day on First HoldCo surge

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Africaspoint Editorial

Femi Otedola made $36.5 million in paper gains in a single trading day as First HoldCo surged 10% on the…

AfricaBusiness

Africa CEO Forum opens May 14 in Kigali

By
Africaspoint Editorial

The 13th Africa CEO Forum opens in Kigali on May 14 and 15, 2026 with over 2,500 private and public…

AfricaBusiness

Somalia’s Hormuud finances 100,000 smartphones for poor

By
Africaspoint Editorial

Somalia's Hormuud Telecom is financing 100,000 smartphones for low-income subscribers through deposit and instalment payments via its EVC Plus mobile…

Africa gold mining JSE market cap 2026Airtel Zambia $1 billion market capitalisation LuSE Lusaka Securities Exchange 2026

Airtel Zambia joins the $1bn club

Airtel Networks Zambia Plc crossed US$1 billion in market capitalisation on the Lusaka Securities Exchange…

Ethiopia EV electric motorcycle Spiro Roam BasiGo Kenya 80 percent 2026Nala stablecoin Tanzania fintech $50m Liquidity MUFG 2026

Spiro bets on batteries, not motorcycles

Spiro co-founder Gagan Gupta told TechCabal that batteries and energy infrastructure, not motorcycles, drive the…

Africa minerals railway DRC Zambia AngolaRwanda

Tanzania self-funds its $24bn budget

Tanzania's Finance Minister Khamis Mussa presented the Tsh62.33 trillion ($24 billion) 2026/27 budget on June…

CBN Nigeria Central Bank Year award Cardoso reform FX inflation 2026Nigeria

Cardoso wins Central Bank of the Year

Nigeria's Central Bank was named Central Bank of the Year 2026 at the Central Banking…

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Africa startup funding Q1 2026 exits debt equityAfrica venture debt equity shift 2026

Africa startup funding hits $600m as exits double

South Africa real economy SME growth investment agriculture manufacturing energy startup fund
Africa private equity venture capital 2026Energy

Secha Capital closes on $40m to back SA’s real economy

Africa diaspora remittance fintech LondonFintech

LemFi commits £100m to go global from London

BankingEast Africa banking consolidation 2026

Equity Bank sweeps Kenya awards as Mwangi takes CEO prize

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