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

15 richest African women in mining industry

African women are reshaping mining, building billion-dollar mineral empires across gold, coal, diamonds and manganese.

Feyisayo Ajayi Feyisayo Ajayi

Robex Resources hits commercial milestone at Guinea gold project

Guinea’s Kiniero project enters the commercial phase after first shipment.

Timilehin Adejumobi Timilehin Adejumobi

Thousands of jobs at risk as South Africa’s Tongaat Hulett faces liquidation

Thousands of jobs are at risk as South African sugar producer Tongaat Hulett faces liquidation after a failed $737 million rescue plan.

Omokolade Ajayi Omokolade Ajayi

Chevron wins Libya onshore oil exploration bid    

Chevron secures Libya’s Contract Area 106 to explore oil in the Sirte Basin.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s richest man Johann Rupert gains $900M; net worth rises to $19.1B

South Africa’s Johann Rupert sees fortune rebound by $900 million, lifting his net worth to $19.1 billion amid Richemont stock gains.

Omokolade Ajayi Omokolade Ajayi

Kulani Energy expands grid reach with Optipower deal

Kulani Energy has acquired key assets from Optipower, a business that previously operated under Murray & Roberts Limited, now in business rescue. The transaction was completed through Kulani Energy’s subsidiary, OptiProjects, which focuses on power transmission, distribution and renewable energy infrastructure.  The deal strengthens Kulani Energy’s role in engineering, procurement and construction at a time when South Africa is working to expand and modernise its electricity grid. It also ensures that essential technical capacity remains in the market, rather than…

Oluwatosin Alao Oluwatosin Alao

CIC Group raises $14 million from Kenya land sales, boosting liquidity

CIC Group raises $13 million from Tatu City, Kajiado land sales, boosting liquidity and strengthening balance sheet resilience.

Feyisayo Ajayi Feyisayo Ajayi

Foreign investors targeted for $2B Kenya Airways rescue as Ethiopian Airlines posts $4.4B revenue

Kenya Airways plans $2 billion investment; Ethiopian Airlines reports $4.4 billion revenue, growing passenger and cargo operations.

Omokolade Ajayi Omokolade Ajayi

Dangote Refinery attains full capacity, targets 75 million liters daily

Dangote Refinery hits 650,000 barrels per day and targets 75 million liters daily, strengthening Nigeria’s fuel supply and energy security.

Omokolade Ajayi Omokolade Ajayi