South Africa’s Capitec expects 20% earnings leap on massive client surge

Capitec Bank, one Africa’s biggest lenders, expects its half-year profit to rise by as much as 20 percent, relying on double-digit customer growth and a fast-expanding merchant network to weather the pinch of sticky living costs and high interest rates. The Stellenbosch-based lender said Thursday that headline earnings per share for the six months ended Aug. 31 will likely land…

Omokolade Ajayi September 11, 2026

Business Hot News

South Korea’s Hyundai eyes Africa expansion in clean energy deal with AfDB

Hyundai Motor Group and the AfDB seal a clean energy pact to finance green industrial ventures, EV manufacturing, and infrastructure across Africa.

Omokolade Ajayi September 11, 2026

Business Technology

Africell secures $100 million U.S. loan to expand networks in Africa

Africell’s $99.6 million loan will expand telecom networks in Africa, with Angola at the center of its U.S.-backed investment.

Timilehin Adejumobi September 11, 2026

Business Hot News

Kenya’s Merali family expands empire with $2.6 million pharma plant

Kenya’s Merali family is expanding its industrial footprint with a $2.6 million pharmaceutical glass manufacturing plant in Mombasa’s Dongo Kundu SEZ.

Omokolade Ajayi September 11, 2026