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.
OPay hits $3.1bn as Opera flags 85% IPO probability
Opera's FY2025 SEC filing values OPay at $3.1 billion and assigns an 85% probability of an IPO within two years.…
NUM strikes at Implats in union recognition battle
About 1,800 NUM members are on indefinite strike at Impala Platinum's No.1 Shaft in Rustenburg after the union exceeded the…
Dangote hits $30bn as refinery eyes world record
Forbes has valued Dangote at $30.3 billion for the first time; he has pledged 95,000 jobs as the refinery expands…
Axian buys five Letshego banking units across Africa
Madagascar's Axian Group has signed binding agreements to acquire 100% of Letshego's banking subsidiaries in Ghana, Tanzania, Nigeria, Rwanda and…
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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…