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.
Capitec crosses $1bn profit with 26 million clients
Capitec Bank posted R16.8 billion ($1.02 billion) in headline earnings for FY2026, crossing the billion-dollar profit mark for the first…
MTN buys back its towers in $6.2bn deal
MTN Group agreed to acquire the 75% of IHS Towers it did not already own in an all-cash deal valuing…
IDC saves Tongaat Hulett from liquidation for now
South Africa's IDC injected R200 million into Tongaat Hulett on April 17, raising its total rescue funding to R2.5 billion…
African banks cross $107bn revenue for first time
African banks crossed $107 billion in revenues in 2025 for the first time, with a 19% return on equity nearly…
