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.

AfricaBusiness

NUM strikes at Implats in union recognition battle

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Africaspoint Editorial

About 1,800 NUM members are on indefinite strike at Impala Platinum's No.1 Shaft in Rustenburg after the union exceeded the…

Nigeria Dangote refinery oil petrochemical industrial energy Lagos IPO Africa
AfricaBusiness

Dangote hits $30bn as refinery eyes world record

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Africaspoint Editorial

Forbes has valued Dangote at $30.3 billion for the first time; he has pledged 95,000 jobs as the refinery expands…

AfricaBusiness

Axian buys five Letshego banking units across Africa

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Africaspoint Editorial

Madagascar's Axian Group has signed binding agreements to acquire 100% of Letshego's banking subsidiaries in Ghana, Tanzania, Nigeria, Rwanda and…

Africa trade finance supply chain business agriculture manufacturing IFC
AfricaBusiness

IFC and StanChart launch $300m Africa supply chain fund

By
Africaspoint Editorial

The IFC and Standard Chartered launched a $300 million risk-sharing supply chain finance facility today covering eight African markets: Ivory…

Africa fintech unicorn public listing 2026Africa startup funding Q1 2026

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…

Africa fintech unicorn public listing 2026Africa telecom infrastructure consolidation

Safaricom FY2026: record KSh80bn dividend, profit up 67%

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

Enoch Godongwana Treasury fiscal policySouth Africa energy transition load shedding end

South Africa unemployment hits 32.7% as 345,000 jobs lost

South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…

Dangote Mombasa refinery Kenya East Africa 2026Dangote Refinery IPO 2026

Dangote picks Mombasa for $17bn East Africa refinery

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

Nigeria banking finance corporate Lagos business earnings results
Africa banking revenue McKinsey 2026African Development Bank 2026

UBA profit halves as FX windfall evaporates

Kenya banking finance East Africa corporate business headquarters Nairobi
Co-op Bank Kenya holding company 2026East Africa banking consolidation 2026

Co-op Bank Kenya restructures for regional push

South Africa bank retail banking digital finance customers branch Capitec
Africa banking revenue McKinsey 2026Capitec Bank results 2026

Capitec crosses $1bn profit with 26 million clients

Africa telecom digital infrastructure towers mobile network Nigeria
Africa telecom infrastructure consolidationFlutterwave

MTN buys back its towers in $6.2bn deal

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