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

Nigerian insurance tycoon Wole Oshin to pocket $2.8 million from Custodian Investment

Wole Oshin to earn $2.8 million dividend as Custodian Investment posts strong 2025 earnings and robust revenue growth.

Feyisayo Ajayi Feyisayo Ajayi

Ghanaian businessman Ibrahim Mahama wins bid to take over Damang gold mine from Gold Fields

Engineers and Planners, led by Ibrahim Mahama, takes control of Damang gold mine from Gold Fields, boosting local mining leadership.

Omokolade Ajayi Omokolade Ajayi

Algeria’s richest man Issad Rebrab regains $1.1 billion as Cevital stabilizes

Issad Rebrab regains $1.1 billion as Cevital stabilizes after legal disputes, Brandt collapse, and governance challenges.

Omokolade Ajayi Omokolade Ajayi

NNPC ships first cargo of new crude grade to Netherlands, advancing Nigeria’s oil trade

Nigeria’s NNPC ships 950,000-barrel Cawthorne crude to the Netherlands, expanding exports and strengthening its oil market role.

Omokolade Ajayi Omokolade Ajayi

Nigeria’s youngest dealmaker, Folasope Aiyesimoju, to pocket N743.08 million from UAC

Nigeria’s youngest dealmaker, Folasope Aiyesimoju, to pocket N743.08 million ($539,117) as UAC declares record $2.12 million dividend for 2025.

Feyisayo Ajayi Feyisayo Ajayi

Zimbabwean billionaire Strive Masiyiwa-backed Liquid C2 unveils Africa’s first Google Cloud AI centre     

Liquid C2, backed by Zimbabwean billionaire Strive Masiyiwa, has launched Africa’s first Google Cloud AI Partner Experience Centre in Johannesburg

Timilehin Adejumobi Timilehin Adejumobi

Nigerian tycoon Wole Oshin gains $40 million as Custodian stake nears $100 million in 2026

Wole Oshin’s Custodian stake jumps over $40 million in 2026, nearing $100 million as shares rally on Nigeria’s stock exchange.

Feyisayo Ajayi Feyisayo Ajayi

Nompumelelo Zikalala: Durban-born mining executive leading $6.4 billion mining giant

Durban-born Nompumelelo Zikalala leads $6.4 billion Kumba Iron Ore, boosting profits and social initiatives.

Omokolade Ajayi Omokolade Ajayi

South Africa’s Purple Group posts $18 million revenue in H1 2026

Purple Group posts $18 million revenue as EasyEquities drives growth, lifting profit 33% on rising clients, assets and strong cost discipline.

Feyisayo Ajayi Feyisayo Ajayi