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.

Why Coty cut Algerian-born French tycoon Sue Nabi’s earnings by $142 million to $7.3 million in 2024

Coty cut Sue Nabi’s pay by $142 million as expiring equity awards and profit headwinds slashed 2024 earnings to $7.3…

Feyisayo Ajayi Feyisayo Ajayi

MTN, South African telecom giant, sees market cap increase to $13.3 billion

MTN’s market cap hits $13.3 billion on strong Q1 earnings, driven by Nigeria and Ghana growth, boosting Africa’s largest telecom.

Omokolade Ajayi Omokolade Ajayi

Egyptian billionaire Naguib Sawiris’ net worth hits $11.3 billion as $400 million flows into gold

Through La Mancha, he holds key positions in Endeavour Mining and Evolution Mining.

Omokolade Ajayi Omokolade Ajayi
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Malaysia eyes stronger Ethiopia ties with proposed embassy in Addis Ababa

Malaysia and Ethiopia are deepening economic ties as trade grows and both countries target agriculture, digital services, energy and tourism.

Oluwatosin Alao Oluwatosin Alao

Adani Airports raises $1 billion from global investors at $18 billion valuation

Adani Airports will raise $1 billion from global investors at an $18 billion valuation to expand India’s aviation infrastructure.

Feyisayo Ajayi Feyisayo Ajayi

Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million 

Thom Mpinganjira's FDH Bank stake loses $100 million as shares fall, even as the Malawian lender reports stronger earnings.

Timilehin Adejumobi Timilehin Adejumobi

Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

Pharco Saudi drug plant begins production in mid-2027 as Egypt's drugmaker expands manufacturing and weighs two African factories.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

Albaraka Bank faces R1.6 million ($99,150) in penalties from South Africa’s Prudential Authority over cash reporting, suspicious transactions and compliance failures.

Feyisayo Ajayi Feyisayo Ajayi

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

South Africa’s central bank fined Capitec R28 million ($1.74 million) for customer due diligence, employee training and anti-money laundering control failures.

Feyisayo Ajayi Feyisayo Ajayi

Rwanda secures $80 million to expand financing for small businesses

Rwanda has secured $80 million in concessional financing to expand affordable credit for MSMEs and strengthen private-sector resilience.

Oluwatosin Alao Oluwatosin Alao

Accor sets sights on 25,000 new hotel rooms across Egypt

Accor plans to add 25,000 hotel rooms in Egypt within three years, expand its brands and support hospitality training through a new academy.

Oluwatosin Alao Oluwatosin Alao

Coca-Cola HBC cleared to merge with CCBA, expanding its Africa reach

Coca-Cola HBC wins approval to acquire 75% of CCBA, expanding its African bottling reach and backing South Africa with a $1.09 billion investment.

Oluwatosin Alao Oluwatosin Alao