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.

Latest Business News

Absa Group company secretary Nadine Drutman to step down after 20 years

Absa Group company secretary Nadine Drutman will step down in January 2027, ending a 20-year career with the South African financial group.

Feyisayo Ajayi Feyisayo Ajayi

Stanbic Bank Botswana offers 20% stake in $99 million IPO

Stanbic Bank Botswana is offering 20% of its shares for $99.2 million, giving local investors a chance to own part of the bank.

Oluwatosin Alao Oluwatosin Alao

Tanzania, Angola deepen economic ties with four new cooperation deals

Tanzania and Angola sign four cooperation agreements covering aviation, ICT and justice as both countries seek stronger trade and regional connections.

Oluwatosin Alao Oluwatosin Alao

Senegalese financier Papa Madiaw Ndiaye faces pressure as shareholders call for his removal

Ecobank chairman Papa Madiaw Ndiaye faces shareholder pressure over alleged conflicts of interest as regulatory intervention delays a removal vote.

Feyisayo Ajayi Feyisayo Ajayi

Conakry Airport passenger traffic jumps 22% as airlines expand routes

Conakry Airport passenger traffic jumps 22% as Air Algérie and EgyptAir weigh new routes amid a major terminal expansion.

Timilehin Adejumobi Timilehin Adejumobi

Lux Island Resorts’ first-quarter profit rises 4.5% as revenue climbs to $52 million

Lux Island Resorts saw Q1 net profit rise 4.5% to $1.61 million as revenue climbed to $52 million, driven by strong Mauritius bookings.

Omokolade Ajayi Omokolade Ajayi

Indian billionaire Sunil Bharti Mittal’s Airtel Africa posts $452 million H1 profit

Airtel Africa, led by Sunil Bharti Mittal, reports a 20.21% rise in H1 profit to $452 million as data and mobile money revenue surge.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Adcorp lifts profit to $3.75 million on disciplined cost control

Adcorp Holdings boosted half-year profit to $3.75 million as cost discipline and stronger contract margins countered softer hiring volumes.

Omokolade Ajayi Omokolade Ajayi

OPay raises $304 million in U.S. IPO at $4 billion valuation  

OPay raises $304 million in its U.S. IPO at a $4 billion valuation, with plans to extend its reach through a Nigerian listing.

Timilehin Adejumobi Timilehin Adejumobi