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.

Radisson targets KZN for serviced apartment expansion as demand rises

Radisson Serviced Apartments KZN signals growing investor interest as KwaZulu-Natal emerges as a hospitality investment hub.

Timilehin Adejumobi Timilehin Adejumobi

Top 10 automotive companies powering South Africa’s auto industry

Global auto giants drive exports, jobs, and EV production in South Africa’s auto hub.

Timilehin Adejumobi Timilehin Adejumobi

Mauritius-based MCB Group posts $315 million profit as earnings climb 15%

Mauritius-based MCB Group posts $315 million profit, up 15%, with assets exceeding $23 billion and global operations expanding.

Omokolade Ajayi Omokolade Ajayi
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Latest Business News

Kenyan billionaire Chris Kirubi’s heiress Mary-Ann Musangi elected KAM vice chairperson

Mary-Ann Musangi elected KAM vice chair, marking a leadership shift as Kenya pushes inclusive manufacturing growth and stronger industry advocacy.

Feyisayo Ajayi Feyisayo Ajayi

Trafigura exits Angola power project linking hydropower to Congo, Zambia mines

Trafigura exits Angola's 2,000-MW power project linking hydropower to DRC and Zambia mines as regional electricity projects continue to advance.

Oluwatosin Alao Oluwatosin Alao

Eni invites companies to bid for major contracts in Mozambique energy projects

Eni urges Mozambique companies to improve competitiveness as LNG projects worth billions create new opportunities across the energy sector.

Oluwatosin Alao Oluwatosin Alao

BUA plans production expansion after declaring $366 million dividend

BUA Foods production expansion plans follow a $366 million dividend payout as the company targets bigger food manufacturing capacity.

Timilehin Adejumobi Timilehin Adejumobi

Dutch court blocks Glencore’s bid to buy back logistics unit at discount      

Glencore Access World buyback deal blocked by Dutch court over valuation concerns and private sale process dispute.

Timilehin Adejumobi Timilehin Adejumobi

BYD eyes South Africa battery plant as EV push gains pace across Africa

BYD is exploring a South Africa battery plant as it expands EV sales, dealership growth and local manufacturing backed by new financing and policy support.

Oluwatosin Alao Oluwatosin Alao

Standard Bank backs Temitope Lawani’s Helios Towers with $29 million

Standard Bank backs Helios Towers with a $29 million social finance deal to expand telecom infrastructure and boost digital connectivity across Africa.

Feyisayo Ajayi Feyisayo Ajayi

Sun Pharma wins South Africa approval to launch generic Ozempic rival    

Sun Pharma wins South Africa approval for generic Ozempic, expanding access to lower-cost diabetes treatment.

Timilehin Adejumobi Timilehin Adejumobi

10 African countries leading remittance surge in 2025

Remittances to Africa hit record highs in 2025, surpassing $100 billion and reshaping economies, foreign exchange flows, and household resilience.

Feyisayo Ajayi Feyisayo Ajayi