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

Nigerian billionaire Tony Elumelu named chairman of Seplat Energy

Tony Elumelu will become chairman of Seplat Energy in January 2027, succeeding Senator Udoma Udo Udoma.

Omokolade Ajayi Omokolade Ajayi

Africa mining boost as Swakop Uranium, Sonangol sign minerals pact

Swakop Uranium Sonangol minerals pact signals Africa’s critical minerals push amid rising uranium demand and global energy transition shift.

Timilehin Adejumobi Timilehin Adejumobi

Firm linked to Kenyan industrialist Vimal Shah loses $16 million Tatu City stake battle

Privy Council ruling clears sale of Vimal Shah-linked stake in Tatu City, ending decade-long ownership dispute.

Feyisayo Ajayi Feyisayo Ajayi

Rwanda secures $250 million IMF credit facility to bolster growth

Rwanda secures a $250 million IMF credit facility to support growth and cushion the economy against global shocks.

Oluwatosin Alao Oluwatosin Alao

Ethiopia’s $507 million Aysha Wind Project advances with IFC-proposed financing

Ethiopia nears financing for $507 million Aysha Wind project as IFC proposes up to $65 million investment in 300.2MW renewable scheme in Ethiopia.

Feyisayo Ajayi Feyisayo Ajayi

Wealthy Rajabali brothers’ NMB Bank stake climbs to $126.4 million on stock rally

Rajabali brothers’ NMB Bank stake hits $126.4 million as shares rally on strong earnings, lifting investor confidence in Tanzania’s leading lender.

Feyisayo Ajayi Feyisayo Ajayi

Google’s $30 billion deal strengthens case for Elon Musk’s SpaceX $1.77 trillion IPO

Google’s $30 billion SpaceX deal validates the metrics for Elon Musk's upcoming $1.77 trillion IPO.

Omokolade Ajayi Omokolade Ajayi

MTN launches One TV to drive digital entertainment across Africa

MTN rolls out MTN One TV, linking its mobile network and fintech to scale digital entertainment and content monetization across Africa.

Omokolade Ajayi Omokolade Ajayi

Nigerian executive Emmanuel Omuojine, an ex-PwC manager, takes helm at Rainoil

Former PwC manager Emmanuel Omuojine takes helm at Rainoil Limited to lead its massive downstream oil and gas distribution network.

Omokolade Ajayi Omokolade Ajayi