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.

UBA welcomes Emmanuel Nnorom as new chair after Tony Elumelu’s 12-year tenure

UBA appoints Emmanuel Nnorom as Group Chairman after Tony Elumelu retires, bringing four decades of banking and corporate leadership experience.

Feyisayo Ajayi Feyisayo Ajayi

Crypto Exchange Luno cuts 20% of global jobs in major restructuring

Luno cuts 20% of jobs as the crypto exchange restructures operations, expands institutional services and targets emerging market growth.

Oluwatosin Alao Oluwatosin Alao

De Beers at crossroads as Botswana, Angola seek control

Anglo’s De Beers exit sparks African ownership ambitions.

Timilehin Adejumobi Timilehin Adejumobi
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Kenya Airways secures $350 million in government-backed financing

Kenya Airways $350 million financing has won Cabinet approval as the carrier seeks to fund aircraft maintenance and restore grounded planes.

Timilehin Adejumobi Timilehin Adejumobi

Ninety One plans to back infrastructure projects to revive Johannesburg 

Ninety One aims to mobilize private capital to help repair Johannesburg’s infrastructure and restore investor confidence.

Timilehin Adejumobi Timilehin Adejumobi

Orion Minerals’ longtime investor Tembo Capital exits after nearly 10 years

Orion Minerals’ longtime investor Tembo Capital has exited after nearly a decade, as new shareholders back its Prieska copper-zinc mine development.

Feyisayo Ajayi Feyisayo Ajayi

UAE investor commits $38 million to new 400-hectare fruit farm in Morocco

UAE-based Elite Agro is investing $38 million in a 400-hectare Moroccan fruit farm targeting blueberries, mandarins and avocados for export.

Oluwatosin Alao Oluwatosin Alao

Morocco partners with Harmattan AI to develop IRIFI strike system

Morocco and Harmattan AI develop a 2,000-kilometer autonomous strike drone as the kingdom expands its domestic defense industry.

Timilehin Adejumobi Timilehin Adejumobi

Ghanaian tycoon Ibrahim Mahama mounts $100 million heavy industry expansion

Ibrahim Mahama scales his $100 million Dzata Cement plant and seals a major gold mine deal to challenge foreign dominance in Ghana's heavy industry.

Omokolade Ajayi Omokolade Ajayi

Elon Musk’s fortune drops below $1 trillion after $37 billion loss

Elon Musk’s fortune fell to $987 billion after a $37.1 billion loss, as declines in SpaceX and Tesla shares ended his latest run above $1 trillion.

Omokolade Ajayi Omokolade Ajayi

Nigeria’s Air Peace adds new Embraer jet to drive regional, global expansion

Air Peace receives a new Embraer 190, boosting capacity across West Africa while ramping up international routes to London, Houston, and the UAE.

Omokolade Ajayi Omokolade Ajayi

Woolworths wins court approval to sell liquor at Dainfern Square store in South Africa

Woolworths wins interim court approval to sell liquor at its Dainfern Square store in Johannesburg while challenging a licence lapse ruling.

Feyisayo Ajayi Feyisayo Ajayi