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

PIF, Uber invest $750 million in Lucid as robotaxi push gains traction

Saudi Arabia’s push to invest beyond oil is intersecting with Silicon Valley’s race to develop self-driving transport, as Uber Technologies Inc., Lucid Group Inc. and an affiliate of the Public Investment Fund deepen a partnership backed by a combined $750 million commitment.  The agreement reflects a broader shift in the electric vehicle and autonomous driving space, where funding is increasingly directed toward vehicles built for fleets rather than individual ownership. Companies are focusing on lowering operating costs and improving efficiency…

Oluwatosin Alao Oluwatosin Alao

Angola’s Sonangol says Botswana has not sought stake in $6.6 billion Lobito refinery deal

Sonangol says Botswana has not formally sought a stake in the $6.6bn Lobito refinery as Angola works to close the funding gap.

Timilehin Adejumobi Timilehin Adejumobi

AFC disburses $50.6 million in Côte d’Ivoire’s first project finance green bond

Africa Finance Corporation disburses $50.6 million under Côte d’Ivoire’s first project finance green bond to fund a 66MW solar plant in Korhogo.

Timilehin Adejumobi Timilehin Adejumobi

Africa Bitcoin Corporation restructures Bambanani amid rising losses

Africa Bitcoin Corporation is restructuring Bambanani Family Group amid widening losses, closing Melville and pivoting to digital food sales.

Feyisayo Ajayi Feyisayo Ajayi

Vivo Energy to invest $130 million in Durban to expand South Africa storage

Vivo Energy’s $130 million Durban project expands fuel storage, enhancing South Africa’s resilience against global supply disruptions.

Timilehin Adejumobi Timilehin Adejumobi

IFC, Citi seal $98 million deal to boost local currency financing in South Africa

IFC and Citigroup seal $98 million rand facility to expand local currency financing and reduce volatility risks in South Africa.

Feyisayo Ajayi Feyisayo Ajayi

Russell Crawford pockets $1.9 million as Stefanutti Stocks profit surges 727% in 2025

Russell Crawford earns $1.01 million as Stefanutti Stocks CEO, driven by incentives and strong 2025 profit growth.

Feyisayo Ajayi Feyisayo Ajayi

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

Shell is in talks to sell about 600 South African fuel outlets to UAE's ADNOC in a $1 billion deal, ending a century-long presence.

Omokolade Ajayi Omokolade Ajayi

Nigeria-Morocco $25 billion gas pipeline nears deal as 13 nations join

Africa’s 6,900-km Nigeria-Morocco gas pipeline nears agreement, boosting supply, power growth and exports to Europe.

Omokolade Ajayi Omokolade Ajayi