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

Ugandan businessman Charles Mbire’s MTN Uganda stake tops $100 million

Charles Mbire’s MTN Uganda stake tops $100 million as shares gain nearly 40 percent in 2026, boosting the market value of his investment.

Omokolade Ajayi Omokolade Ajayi

African Bank CFO Anbann Chetti resigns with immediate effect 

African Bank CFO Anbann Chetti resigns with immediate effect as Given Mabena takes over as acting CFO amid a leadership shake-up.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s Capitec expects 20% earnings leap on massive client surge

Capitec Bank expects half-year earnings to jump up to 20 percent after its client base surged past 26 million retail customers.

Omokolade Ajayi Omokolade Ajayi

South Korea’s Hyundai eyes Africa expansion in clean energy deal with AfDB

Hyundai Motor Group and the AfDB seal a clean energy pact to finance green industrial ventures, EV manufacturing, and infrastructure across Africa.

Omokolade Ajayi Omokolade Ajayi

Africell secures $100 million U.S. loan to expand networks in Africa

Africell’s $99.6 million loan will expand telecom networks in Africa, with Angola at the center of its U.S.-backed investment.

Timilehin Adejumobi Timilehin Adejumobi

Kenya’s Merali family expands empire with $2.6 million pharma plant

Kenya’s Merali family is expanding its industrial footprint with a $2.6 million pharmaceutical glass manufacturing plant in Mombasa’s Dongo Kundu SEZ.

Omokolade Ajayi Omokolade Ajayi

Zimbabwean businessman Wicknell Chivayo plans $200 million Kenya investment

Wicknell Chivayo plans to invest $200 million in Kenya through infrastructure projects as he expands his business interests across Africa.

Omokolade Ajayi Omokolade Ajayi

City Lodge Hotels lifts earnings, plans expansion across South Africa

City Lodge Hotels lifts revenue 10% as international tourists support earnings and fuel expansion plans in South Africa’s key tourism markets.

Oluwatosin Alao Oluwatosin Alao

Standard Bank, JUMO launch framework to expand financial inclusion across Africa

Standard Bank and JUMO launch a social finance framework to expand responsible lending and financial inclusion across nine African markets.

Feyisayo Ajayi Feyisayo Ajayi