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

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

Malagasy billionaire Hassanein Hiridjee’s AXIAN Telecom secures $197 million to drive expansion

AXIAN Telecom $197 million loan from EBRD boosts Africa expansion, digital infrastructure and telecom network growth plans.

Timilehin Adejumobi Timilehin Adejumobi

With nearly $20 billion fortune, Johann Rupert is back as Africa’s second-richest person

Johann Rupert is back as Africa’s second-richest person with a $19.9 billion fortune as luxury group Richemont edges ahead of BUA's Rabiu.

Omokolade Ajayi Omokolade Ajayi

South Africa vows to finish Garden Route bridge after decade-long delay

South Africa pushes to complete delayed Garden Route N2 bridge project after contractor failures and years of construction setbacks.

Oluwatosin Alao Oluwatosin Alao

Mauritius-based Harel Mallac steers recovery as turnaround efforts lift revenue to $72.5 million

Port Louis-based diversified conglomerate Harel Mallac returns to operating profit as turnaround efforts lift revenue to $72.5 million.

Omokolade Ajayi Omokolade Ajayi

Nigerian agribusiness entrepreneur Rotimi Opeyemi leads JR Farms Group to $60 million Liberia coffee deal

Nigerian agribusiness entrepreneur Rotimi Opeyemi’s JR Farms Group signs a $60 million Liberia coffee deal to expand production, exports, and rural jobs.

Omokolade Ajayi Omokolade Ajayi

Egypt’s Darak Group taps Azur Hospitality for $50 million North Coast projects

Egypt North Coast luxury real estate gains momentum as Darak Group partners Azur Hospitality on $50 million projects.

Timilehin Adejumobi Timilehin Adejumobi

Midroc Ethiopia gets $80 million loan to revamp Sheraton Addis hotel

Midroc Ethiopia secures $80 million loan to revamp Sheraton Addis and build new hotel, boosting tourism, jobs and private-sector growth.

Feyisayo Ajayi Feyisayo Ajayi

Africa’s 15 most vital economic and infrastructure-linked zones

Africa’s most vital economic zones drive trade, investment, and jobs through integrated infrastructure linking ports, rail, power, and corridors.

Feyisayo Ajayi Feyisayo Ajayi