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

Uganda Airlines bets nearly $1 billion on 10 Boeing jets to expand global reach

Uganda Airlines signs a nearly $1 billion Boeing deal for 10 jets to expand its global reach and challenge regional rivals.

Omokolade Ajayi Omokolade Ajayi

Kenyan banker Nancy Njau takes Family Bank to Nairobi bourse with $1.8 billiin assets

Nancy Njau leads Family Bank to a Nairobi bourse listing with $1.8 billion in assets and surging profits following years of strategic capital growth.

Omokolade Ajayi Omokolade Ajayi

Egypt buys record amount of wheat from farmers after reforms

Egypt bought a record 4.6 million tons of local wheat after policy reforms raised domestic prices to ease foreign currency shortages.

Omokolade Ajayi Omokolade Ajayi

Africa’s leading farm Crookes Brothers warns of steep full-year earnings decline after weather-hit first half

Crookes Brothers warns of steep full-year earnings decline after weather-hit first half, citing crop damage, weak prices and volatility outlook

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s top retailer Shoprite opens 268 stores in $239 million push

Shoprite opens 268 stores in South Africa after R3.9bn investment, beating targets and widening lead over rivals.

Oluwatosin Alao Oluwatosin Alao

Adil Popat draws attention after Simba withdrew $5.6 million before Imperial Bank collapse

Simba Corporation withdrew $5.6 million from Imperial Bank days before its 2015 collapse, leaving over 50,000 depositors stranded.

Feyisayo Ajayi Feyisayo Ajayi

Spar revives 2U delivery app to challenge Checkers Sixty60 in South Africa

Spar is revamping its 2U delivery app as it seeks to challenge Checkers Sixty60 in South Africa's online grocery market.

Oluwatosin Alao Oluwatosin Alao

20 biggest libraries in Africa

Africa’s largest libraries are transforming into digital knowledge hubs driving education, research, and cultural preservation across the continent.

Feyisayo Ajayi Feyisayo Ajayi

Ethiopia’s Allied Chemicals to get $17 million from IFC to build fertilizer plant

IFC plans up to $17 million financing for Allied Chemicals to build Ethiopia’s first private fertilizer plant, boosting supply and farm productivity.

Feyisayo Ajayi Feyisayo Ajayi