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.

Safaricom doubles home fibre speeds as rivals enter

Safaricom doubled its entry-level Home Fibre speed from 15 Mbps to 40 Mbps at no extra cost and raised speeds…

Shiprazor raises $2.65m to fix Africa e-commerce logistics

Cape Town logistics startup Shiprazor raised $2.65 million in seed funding, bringing total capital to $3.3 million, to expand its…

Cybervergent launches v3 across four African markets

Lagos-based Cybervergent, Africa's first AI-native posture management platform, launched its third version and expanded into Kenya, Ghana and South Africa…

Africa startup funding hits $600m as exits double

Africa's startup ecosystem raised $600 million in Q1 2026, up 27% year on year, with exits doubling and debt overtaking…

Airtel Africa profit triples to $813m as data beats voice

Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…

Safaricom FY2026: record KSh80bn dividend, profit up 67%

Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…

Dangote picks Mombasa for $17bn East Africa refinery

Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…