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.

Nigerian flag fluttering against a modern city building backdrop, symbolizing national pride.
AfricaBusiness

Nigeria slams the IMF’s tax prescriptions

By
Africaspoint Editorial

A Nigerian think tank, the Alliance for Economic Research and Ethics, has criticised the IMF's 2026 Article IV recommendations including…

A South African passport rests on a detailed map, symbolizing travel and exploration.
AfricaBusiness

Stop checking passports, SA minister warns

By
Africaspoint Editorial

South Africa's Justice Minister Mmamoloko Kubayi warned at an Inter-Ministerial Committee on Migration briefing on June 14 that private citizens…

Skyline view of an industrial factory with tall chimneys against a clear sky.
AfricaBusiness

Dangote’s petrol unit is down 34%

By
Africaspoint Editorial

The Dangote Petroleum Refinery has been running its main petrol-producing RFCCU unit at 34% below capacity since May 21, initially…

Nigeria oil gas energy production offshore industrial petroleum refinery modern
AfricaBusiness

Elumelu named Seplat’s next chairman

By
Africaspoint Editorial

Seplat Energy announced on June 9 that Tony Elumelu will become board Chairman from January 1, 2027, succeeding Senator Udoma…

Endeavour Mining gold West Africa $880m EBITDA Assafou Burkina Faso Cote Ivoire 2026Kenya Airways $2 billion turnaround investor debt equity KQ Kamal 2026

Endeavour Mining posts record $880m EBITDA

Endeavour Mining, West Africa's largest gold producer, reported record adjusted EBITDA of $880 million for…

Africa GDP 4.2 percent growth fastest economies 2025 2026Africa sovereign wealth funds $164 billion mining minerals EIH FONSIS Guinea Simandou 2026

Africa’s $164bn wealth funds eye mining

Africa's sovereign wealth funds now hold combined assets exceeding $164 billion and are being deployed…

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia Addis Ababa Entoto Kebena riverside Beautifying Sheger Abiy urban 2026

Abiy unveils Addis Ababa’s riverside makeover

Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa…

HormuzSouth Africa immigration xenophobia Ramaphosa March deportation crackdown 2026

EU’s steel tariff hits South Africa

The EU's new steel import framework took effect July 1, imposing annual quotas with a…

Nigeria central bank finance banking institution Abuja modern architecture economy
CBN Nigeria Central Bank Year award Cardoso reform FX inflation 2026Nigeria

Cardoso wins Central Bank of the Year

Africa fintech startup funding technology investment digital economy growth chart data
Admaius Capital Virunga II $500 million Africa private equity IFC 2026Africa startup funding $1 billion H1 2026 venture capital

Africa’s startup funding rebounds in May

Kenya digital infrastructure EU connectivity fiber satellite modern city Nairobi technology
AIKenya

Kenya lands €102m EU digital package

Satellite dishes against a cloudy sky create a moody urban scene.
AIAmazon LEO Kuiper Kenya satellite ground station Starlink Africa internet 2026

Kenya Starlink trial produces striking results

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