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

Vodacom CEO Aziz Joosub, top brass unlock over $5 million in share awards

Vodacom awarded over $5.01 million in share incentives to CEO Aziz Joosub and top executives under a three-year JSE-linked vesting scheme plan today.

Feyisayo Ajayi Feyisayo Ajayi

Aliko Dangote secures AFC backing for $7 billion fertilizer expansion in Nigeria, Ethiopia

Dangote Industries partners with AFC for a $7 billion fertilizer expansion to scale output across Nigeria and Ethiopia.

Omokolade Ajayi Omokolade Ajayi

Sibanye Stillwater’s former CEO, Neal Froneman, pivots to next frontier at DRA Global

Former Sibanye Stillwater CEO Neal Froneman becomes senior strategic adviser at DRA Global, shifting to mining strategy and project dev globally.

Feyisayo Ajayi Feyisayo Ajayi

Libya signs new oil deals with global firms after licensing round

Libya oil deals with Eni, Repsol and QatarEnergy boost exploration, foreign investment and Africa's energy growth.

Timilehin Adejumobi Timilehin Adejumobi

Kenya’s Del Monte wins $2.1 million court ruling on forex loss tax deductions

Del Monte wins $2.1 million tax appeal as Kenya court allows forex losses from debt-to-equity conversions as deductible expenses.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Woolworths ends WRewards, MySchool cards on June 30, 2026

South Africa’s Woolworths ends WRewards, MySchool cards on June 30, 2026

Oluwatosin Alao Oluwatosin Alao

World Bank to unlock $750 million Kenya lifeline, boost Africa growth

World Bank Kenya $750 million lifeline boosts Kenya’s economy with budget support, reforms, and climate resilience funding.

Timilehin Adejumobi Timilehin Adejumobi

India’s Prestige Denim expands in Africa with $20 million Egypt plant

Prestige Denim Egypt Plant marks a $20 million investment in Egypt, boosting textile exports, manufacturing growth and jobs.

Timilehin Adejumobi Timilehin Adejumobi

Wema Bank’s Q1 2026 profit rises to $46.4 million on stronger lending income

Wema Bank's profit after tax rose to $46.4 million in Q1 2026, driven by a surge in net interest income and continued retail and corporate loan growth across Nigeria.

Omokolade Ajayi Omokolade Ajayi