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

Top manganese producers consider bid for new South Africa export hub 

South Africa’s largest manganese producers are planning a joint bid to build a new export terminal at the Port of Ngqura

Timilehin Adejumobi Timilehin Adejumobi

MTN’s $6.2 billion IHS takeover could deliver $109.8 million to founder Sam Darwish

MTN’s $6.2 billion takeover of IHS Towers could hand founder Sam Darwish $109.8 million, highlighting the telecom giant’s two-decade infrastructure expansion.

Feyisayo Ajayi Feyisayo Ajayi

South African billionaire Patrice Motsepe’s ARM posts $183.6 million half-year profit

African Rainbow Minerals, led by Patrice Motsepe, reports $183.6 million half-year profit as revenue climbs and strong commodity prices boost earnings.

Feyisayo Ajayi Feyisayo Ajayi

AfDB backs billion-dollar aviation push as Africa becomes fastest-growing market

AfDB launches billion-dollar program to boost Africa’s aviation and attract long-term investment.

Omokolade Ajayi Omokolade Ajayi

FirstRand tops Capitec as Africa’s most valuable lender, eyes Ghana and Nigeria

FirstRand surpasses Capitec as Africa’s top lender, targeting growth in Ghana, Nigeria, and broader regional markets.

Omokolade Ajayi Omokolade Ajayi

Toby Selman’s Africa Logistics Properties and the rise of dollar-denominated entities in Africa

Toby Selman’s Africa Logistics Properties launches East Africa’s first dollar-denominated REIT, boosting investor confidence continent-wide.

Feyisayo Ajayi Feyisayo Ajayi

Tanzania launches $273 million petroleum storage expansion shields against Strait of Hormuz disruption

Tanzania breaks ground on $273 million petroleum storage to boost energy security amid global supply risks.

Feyisayo Ajayi Feyisayo Ajayi

Rockefeller Foundation commits $10 million to boost electricity access in Africa

Mission 300 gains support as Rockefeller Foundation adds $10 million for Africa’s electrification.

Timilehin Adejumobi Timilehin Adejumobi

Egypt’s richest man, Nassef Sawiris shifts to non-executive role after 13 years leading OCI Global

Egypt's richest man, Nassef Sawiris will transition from OCI Global executive chairman to non-executive director after 13 years leading the nitrogen producer.

Feyisayo Ajayi Feyisayo Ajayi