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.
African banks cross $107bn revenue for first time
African banks crossed $107 billion in revenues in 2025 for the first time, with a 19% return on equity nearly…
DRC to overtake Ethiopia as Africa’s 5th economy
The IMF forecasts the DRC's GDP reaching $123 billion in 2026, edging past Ethiopia's $122 billion to become Sub-Saharan Africa's…
Ramaphosa offers Starlink a BEE workaround
President Ramaphosa offered Starlink an equity-equivalence compliance path on April 15, but SA's telecoms licensing rules require specific regulatory changes…
ADNOC eyes Shell’s 600 SA fuel stations for $1bn
ADNOC is in advanced talks to acquire Shell's 600 South Africa fuel stations for about $1 billion, ending 120 years…
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…