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

Gold slump cuts $700 million from South African billionaire Patrice Motsepe’s fortune

Patrice Motsepe loses $700 million as gold drops below $4,500, hitting mining stocks and cutting into his holdings in Harmony Gold and ARM.

Omokolade Ajayi Omokolade Ajayi

One of Nigeria’s youngest deal makers, Folasope Aiyesimoju, quietly controls UAC with stake worth $50 million

Folasope Babasola Aiyesimoju is quietly transforming UAC Nigeria, blending CEO control with his $50 million shareholder influence.

Feyisayo Ajayi Feyisayo Ajayi

EIB Global invests $46 million in African tech fund to boost startups

Africa’s startup scene is attracting renewed investor interest as demand grows for digital services across the continent. From payments to healthcare, young companies are stepping in to fill gaps in fast-changing economies.  That shift is drawing support from global institutions. EIB Global has committed $46 million to an Africa-focused venture capital fund managed by Speedinvest, adding fresh backing for early- and growth-stage startups. The investment reflects closer ties between Europe and Africa in technology and finance. It also comes as…

Oluwatosin Alao Oluwatosin Alao

OCI generates $11.9 billion in strategic overhaul, returns $7 billion to shareholders

OCI generates $11.9 billion from asset sales, returning $7 billion to shareholders amid strategic overhaul and global energy volatility.

Feyisayo Ajayi Feyisayo Ajayi

Malawian tycoon Vizenge Kumwenda’s NICO Holdings stake dips below $50 million after stock decline

Vizenge Kumwenda’s NICO stake falls below $50 million as shares decline, trimming gains after last year’s rally on Malawi Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi

Shoprite enters community banking, while Nigerian franchise shuts down

Shoprite acquires R&A Cellular, expanding neighborhood financial services, while its Nigerian operation under Tayo Amusan’s Ketron shuts down.

Omokolade Ajayi Omokolade Ajayi

Nigeria’s Guinea Insurance plans $4.2 million rights issue expansion

Guinea Insurance eyes $4.2 million raise to strengthen balance sheet, drive growth

Timilehin Adejumobi Timilehin Adejumobi

Kenya’s Equity Group enters pharmacy business to reduce treatment costs

Equity Group enters pharmacy business through Equity Afia, aiming to cut treatment costs and expand healthcare services across East and Central Africa.

Omokolade Ajayi Omokolade Ajayi

IHS CEO Sam Darwish sells $710,000 shares after MTN $6.2 billion deal

IHS Holding CEO Sam Darwish sells $710,000 in shares under trading plan, signaling routine equity move tied to compensation.

Feyisayo Ajayi Feyisayo Ajayi