Industry Moves
Top stories
Nigeria’s biggest businesses rarely outlive their owners. Some owners are finally learning from the past, but most are still one death away from collapse.
The AfCFTA Secretariat has signed a 20-year, $3.1 billion concession with Nigeria’s Bergmans to build a continent-wide digital customs platform, targeting fragmented border systems that hinder intra-African trade.
Tolaram bought Diageo’s 58% Guinness Nigeria stake for $70m in 2024. With the brewer back in profit and paying dividends, that holding is now worth over $350m.
S&P Global Ratings has acquired a majority stake in Nigeria-based rating agency Agusto & Co., a move aimed at expanding its coverage of Africa’s credit market.
Angola has raised 300.3 billion kwanzas ($321 million) through the sale of a 15% stake in state-owned wireless operator Unitel, marking the country’s biggest initial public offering to date.
South Africa’s competition watchdog has recommended approval of Coca-Cola HBC’s planned takeover of Coca-Cola Beverages Africa, clearing a key hurdle for the $2.6 billion transaction.
ESL has cut Turkey-to-Ethiopia cargo transit from over 40 days to nine, moving 150 FCL shipments in three months and saving 500 million birr in operating costs.
French pay-TV group Canal+ began trading on the Johannesburg Stock Exchange on Wednesday, becoming the first French company ever to list on South Africa’s bourse.
For decades, moving money across Africa has often taken a strange and long-winding route. A Kenyan entrepreneur paying a supplier in Ghana might see the payment leave Nairobi, pass through banks in Europe or the United States
Nigeria is developing the Lagos International Financial Centre to attract global banks, deepen capital markets and position Lagos as a regional hub for international investment flows. Here’s all you need to know.
The last time female billionaires appeared on the list was in 2020, when Angolan tycoon Isabel dos Santos and Nigerian oil magnate Folorunsho Alakija were included.
For a long time, Africa’s investment landscape has been framed as a market-size problem. Over time, it appeared that the solution was simply to scale up: bigger populations, faster urbanisation, rising consumption. Yet capital inflows remained uneven.
The funding will allow the lender to issue more letters of credit, guarantees, and collections, helping clients navigate Ethiopia’s foreign-currency-constrained market.
Revolut has appointed banking veteran Gaby Magomola and applied for a South African banking licence, signalling a shift from payments to regulated digital banking.
Prateek Suri, Chairman of Maser Group and the Richest Indian in Africa, has seen his wealth leap to $1.9 billion following the clearance of ownership rights to an island in West Africa
he move makes JPMorgan the first US bank to re-enter the Angolan market since major international lenders withdrew in the mid-2010s over compliance concerns.
The new representative office in Cairo underscores Standard Bank’s long-term view of Egypt as a key node for intra-African commerce and Gulf–Africa connectivity.
The Bank of Zambia has reduced its key lending rate for the first time in over five years, citing slowing inflation in Africa’s second-largest copper and cobalt producer.
The decision comes three days after S&P Global Ratings upgraded the country’s sovereign rating outlook to “positive” from “stable,” citing stronger growth prospects and rising per capita income.
Nigeria’s latest Eurobond issuance could keep the country’s external debt-to-total debt ratio slightly above the Debt Management Office (DMO) threshold of 45% by year-end, according to analysts at CSL Research.
