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.

China embeds deeper in Africa’s ports

China holds stakes in roughly one-third of African ports, has invested $50 billion in port infrastructure since 2013, and accounts…

Standard Bank backs Dangote refinery IPO

Standard Bank Group CEO Sim Tshabalala visited the Dangote Petroleum Refinery in Lagos on June 10 and pledged that Standard…

Uganda Airlines orders 10 Boeing aircraft

Uganda Airlines signed a commitment with Boeing on June 10 to acquire 10 aircraft including 8 passenger planes and 2…

Kenya wins the ICA-Africa chair

McLoud Malonza, Chair of Co-operative Bank Holdings and the Co-operative Alliance of Kenya, was elected Chairperson of ICA-Africa in Maputo…

Abiy unveils Addis Ababa’s riverside makeover

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

EU’s steel tariff hits South Africa

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