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.

Co-op Bank Kenya restructures for regional push

Co-operative Bank of Kenya announced on April 21 it will restructure into a non-operating holding company renamed Co-opbank Group PLC,…

Capitec crosses $1bn profit with 26 million clients

Capitec Bank posted R16.8 billion ($1.02 billion) in headline earnings for FY2026, crossing the billion-dollar profit mark for the first…

MTN buys back its towers in $6.2bn deal

MTN Group agreed to acquire the 75% of IHS Towers it did not already own in an all-cash deal valuing…

IDC saves Tongaat Hulett from liquidation for now

South Africa's IDC injected R200 million into Tongaat Hulett on April 17, raising its total rescue funding to R2.5 billion…