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.

Business jet aircraft luxury aviation private modern terminal ultra long range fleet
AfricaBusiness

Rabiu buys $81m jet, nears $20bn

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Africaspoint Editorial

BUA Group Chairman Abdulsamad Rabiu has taken delivery of an $81 million Bombardier Global 8000, becoming the first African to…

AfricaBusiness

Airtel Zambia joins the $1bn club

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Africaspoint Editorial

Airtel Networks Zambia Plc crossed US$1 billion in market capitalisation on the Lusaka Securities Exchange on June 8, 2026, becoming…

electric vehicle battery energy storage technology modern infrastructure charging clean power
AfricaBusiness

Spiro bets on batteries, not motorcycles

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Africaspoint Editorial

Spiro co-founder Gagan Gupta told TechCabal that batteries and energy infrastructure, not motorcycles, drive the long-term growth strategy. Motorcycles generate…

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AfricaBusiness

Tanzania self-funds its $24bn budget

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Africaspoint Editorial

Tanzania's Finance Minister Khamis Mussa presented the Tsh62.33 trillion ($24 billion) 2026/27 budget on June 11, targeting 75% domestic funding,…

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 modern business district finance investment trade commerce bilateral partnership
HormuzNigeria

UK launches £15m Nigeria growth programme

Ghana oil gas offshore petroleum energy industrial West Africa investment upstream
Ghana FDI $2.61 billion GIPC 2025 investment China petroleumGhana Voltaian Basin oil gas Canada investors Global Energy Show Petroleum Commission 2026

Ghana pitches Voltaian Basin to Canada

Zimbabwe gold mine open pit mining operations extraction Africa mineral resources
Africa sovereign wealth funds $164 billion minerals mining 2026Zimbabwe

Zimbabwe’s gold miner doubles output target

Africa GDP 4.2 percent growth fastest economies 2025 2026Ethiopia IMF ECF fifth review $468 million reform 2026

Rwanda’s Rwf7.8tn budget hits parliament

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