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…
Newsletter
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…