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

WeBuyCars holds off on new vehicle sales despite market growth

WeBuyCars focuses on used vehicles despite South Africa’s new car sales surge, prioritizing systems and customer experience.

Omokolade Ajayi Omokolade Ajayi

Nigerian oil tycoon, Mohammed Indimi loses $43.5 million dividend dispute to daughters

Twin sisters Ameena and Zara Indimi win $43.5 million court battle over unpaid Oriental Energy dividends in landmark family feud.

Feyisayo Ajayi Feyisayo Ajayi

Norway’s Scatec expands renewable energy investment in Egypt

Scatec backs Egypt’s bid to become a regional clean energy hub.

Timilehin Adejumobi Timilehin Adejumobi

Minor Hotels enters West Africa with NH Collection Accra deal

Minor Hotels is expanding into West Africa with plans to open NH Collection Accra, marking its first property in Ghana and its debut in the subregion. The signing reflects rising interest in Accra’s hospitality market as international brands look to strengthen their presence in key African business capitals.  The agreement was announced during THINC Middle East 2026, a gathering of hospitality investors and operators. The move comes as Ghana positions itself as a stable hub for business travel, conferences and…

Oluwatosin Alao Oluwatosin Alao

DRDGOLD eyes acquisition of Sasol cyanide plant

DRDGOLD proposes buying Sasol cyanide plant to secure gold production.

Timilehin Adejumobi Timilehin Adejumobi

Nigerian billionaire Tony Elumelu’s Seplat stake surges to $700 million, up $210 million

Tony Elumelu’s Seplat stake climbs to $700 million, gaining $210 million in 55 days as shares surge on gas output growth.

Omokolade Ajayi Omokolade Ajayi

Carrefour charts African dominance, targets 22 countries by 2030

Carrefour accelerates African expansion, targeting 22 countries by 2030 through local partnerships and competitor market gaps.

Feyisayo Ajayi Feyisayo Ajayi

Competition Commission blocks Transpaco’s $8 million Premier Plastics acquisition

South Africa’s Competition Commission blocks Transpaco’s R128 million ($7.98 million) Premier Plastics acquisition, stalling retail plastics expansion.

Feyisayo Ajayi Feyisayo Ajayi

Kenyan tycoon Zedekiah Buzeki reveals $93 million debt as I&M Bank pressure mounts

Kenyan tycoon Zedekiah Buzeki reveals $93 million debt as lender pressure mounts on his trucking empire amid restructuring.

Feyisayo Ajayi Feyisayo Ajayi