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

Egypt secures $800 million EU-backed clean-energy grid deal

Egypt Clean Energy Grid Deal secures $800 million in EU-backed funding to expand renewables, modernize grids and boost growth.

Timilehin Adejumobi Timilehin Adejumobi

10 notable heavy-haul rail systems across Africa

Across Africa, 15 heavy-haul rail systems move iron ore, coal and copper, powering export supply chains and driving mining economies across regions

Feyisayo Ajayi Feyisayo Ajayi

CBN mandates local data storage rules for banks, fintechs in Nigeria

CBN orders Nigerian banks and fintechs to store payment data locally by 2027, boosting oversight and financial transparency.

Oluwatosin Alao Oluwatosin Alao

Ongwe Minerals raises $15.4 million for Namibia gold exploration

Ongwe Minerals raises $15.4 million to accelerate Namibia gold exploration, with funding potentially exceeding $23 million.

Feyisayo Ajayi Feyisayo Ajayi

South32 weighs options for Mozambique’s Mozal smelter after suspension

South32 reviews options for Mozambique's Mozal smelter as IDC explores acquisition amid power supply challenges.

Oluwatosin Alao Oluwatosin Alao

Bolt tightens safety rules in South Africa with one unexpected change

Bolt expands rider ID verification in South Africa with selfie checks to boost safety, trust, and platform accountability.

Oluwatosin Alao Oluwatosin Alao

Pretoria-born trillionaire, Elon Musk, projects $1 trillion SpaceX revenue by 2030

Elon Musk projects SpaceX annual revenue could reach $1 trillion by 2030 following its historic public listing.

Omokolade Ajayi Omokolade Ajayi

United Capital buys $13.3 million stake in Nigerian Exchange Group amid Africa expansion push

United Capital acquires a 5 percent stake in Nigerian Exchange Group worth $13.3 million, reinforcing its Africa expansion strategy and capital market footprint.

Omokolade Ajayi Omokolade Ajayi

World Bank prepares $750 million loan to support Kenya’s fiscal reforms

The World Bank prepares a $750 million budget support loan for Kenya to ease debt pressures and drive fiscal reforms.

Omokolade Ajayi Omokolade Ajayi