Business

African Business News: Latest Updates, Deals, and Market Trends

Stay ahead with the latest African business news, covering major deals, corporate movements, economic trends, and investment opportunities shaping the continent. At Shore Africa, we deliver timely and insightful reporting on the companies, industries, and leaders driving growth across Africa’s rapidly evolving business landscape.

From high-profile acquisitions and cross-border investments to emerging startups and policy shifts, our business coverage is designed to keep investors, entrepreneurs, and decision-makers informed. Whether it’s developments in banking, energy, fintech, manufacturing, or consumer markets, we break down complex stories into clear, actionable insights.

Recent highlights include major transactions such as the Minkama Capital takeover of Chococam in Cameroon, alongside broader coverage of Africa’s expanding private equity activity and strategic corporate restructuring across key markets. These stories reflect a wider trend of increasing investor confidence and deal-making momentum across the continent.

Our African business news section also tracks macroeconomic shifts, including inflation trends, currency movements, and government policies that impact businesses and investors. By connecting these developments to real-world corporate outcomes, we help you understand not just what is happening, but why it matters.

Explore our latest business stories below to stay informed on Africa’s most important commercial developments. For deeper insights, you can also read our coverage on:

Whether you are an investor, founder, or business enthusiast, this page serves as your hub for the latest business news in Africa.

Kenya Airways posts $132 million 2025 loss as aircraft shortages hit Africa routes

The setback comes a year after the airline posted its first profit in more than a decade, reflecting how fragile…

Omokolade Ajayi Omokolade Ajayi

South Africa’s Purple Group posts $18 million revenue in H1 2026

Purple Group posts $18 million revenue as EasyEquities drives growth, lifting profit 33% on rising clients, assets and strong cost…

Feyisayo Ajayi Feyisayo Ajayi

African Bank’s $343 million Eskom home loan deal collapses

South Africa’s banking expansion ambitions hit a fresh hurdle.

Timilehin Adejumobi Timilehin Adejumobi
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Latest Business News

Alcazar Energy lands $420 million deal on Egypt wind farm expansion

Alcazar Energy Egypt wind farm deal worth $420M expands Gabal El Zeit project, boosting Egypt’s renewable energy transition.

Timilehin Adejumobi Timilehin Adejumobi

Wanatu ride-hailing app rolls out major upgrade across Africa

Wanatu upgrades its ride-hailing app in South Africa with new features, improved UX, and expanded mobility services.

Oluwatosin Alao Oluwatosin Alao

South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

South Africa’s economy grew 0.5 percent in Q1, beating survey estimates despite a sharp drop in consumer spending and rising fuel costs.

Omokolade Ajayi Omokolade Ajayi

Pepkor chair Wendy Luhabe to step down after nearly six years in role 

Pepkor chair Wendy Luhabe will step down June 2026 after six years, as the retailer begins succession planning and expansion push.

Timilehin Adejumobi Timilehin Adejumobi

IMF warns Nigeria over $5 billion Abu Dhabi Bank swap deal

IMF warns Nigeria over a $5 billion Abu Dhabi Bank swap deal, citing transparency, debt risks and fiscal concerns.

Timilehin Adejumobi Timilehin Adejumobi

Nigerian billionaire Abdul Samad Rabiu takes delivery of Bombardier Global 8000, world’s fastest business jet

Abdul Samad Rabiu takes delivery of Bombardier's Global 8000 jet to boost BUA Group's global business travel.

Omokolade Ajayi Omokolade Ajayi

Glencore ties with Australia’s Larvotto as it signs 7-year gold offtake deal ahead of production

Glencore signs seven-year gold offtake deal with Australia’s Larvotto ahead of 2026 production start in New South Wales mine agreement deal

Feyisayo Ajayi Feyisayo Ajayi

Kenyan businessman Suresh Bhagwanji Shah’s stake in I&M Group tops $70 million

Suresh Shah I&M Group stake tops $70 million as NSE rally and strong earnings lift investor confidence across East Africa markets

Timilehin Adejumobi Timilehin Adejumobi

Nigerian billionaire Tony Elumelu named chairman of Seplat Energy

Tony Elumelu will become chairman of Seplat Energy in January 2027, succeeding Senator Udoma Udo Udoma.

Omokolade Ajayi Omokolade Ajayi