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.

Dangote supplies jet fuel to Ethiopian Airlines

Dangote Petroleum Refinery has made its first jet fuel delivery to Ethiopian Airlines, marking the Lagos facility's first cross-border aviation…

Flutterwave opens Africa payment rails to the world

Flutterwave and Yuno announced a partnership on April 28 that gives global merchants single-API access to African payment rails across…

SA manufacturing bounces to 52.6 but rally in doubt

South Africa's Absa PMI rebounded to 52.6 in April 2026 from 49.0 in March, returning to expansion for the first…

MTN Nigeria Q1 profit surges 166% to N355bn

MTN Nigeria posted N355.5 billion profit after tax in Q1 2026, up 166%, on N1.498 trillion in revenue as data…

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…