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

MTC, Namibia’s largest mobile operator, posts $31 million profit in H1 2026

MTC reported $31 million H1 2026 profit as prepaid, roaming and enterprise growth lifted revenue 7.1% to $118.11 million in Namibia report.

Feyisayo Ajayi Feyisayo Ajayi

Eskom rolls out Eskom Green to expand renewable power and grid stability  

Eskom Green renewable energy expands South Africa grid stability, scaling utility-scale solar, wind and storage for industries.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s Afrimat offloads quarries and plants in $13 million deal

Afrimat quarries sale sees R215m ($13m) asset disposal to Saturc as miner advances debt reduction and portfolio restructuring strategy

Timilehin Adejumobi Timilehin Adejumobi

IFC-backed Morocco textile recycling pilot signals $1.9 billion investment opportunity

IFC-backed Morocco textile recycling pilot shows $1.9 billion investment potential, proving large-scale viability and job creation prospects.

Feyisayo Ajayi Feyisayo Ajayi

Tiger Brands boosts solar rollout across seven plants as energy costs rise

Tiger Brands expands solar power across seven factories in South Africa to cut costs, reduce grid dependence, and boost renewable energy use toward 2030 targets.

Omokolade Ajayi Omokolade Ajayi

Nigerian banker Segun Agbaje’s GTCO and PepsiCo holdings climb to $6.1 million

Segun Agbaje’s holdings in GTCO and PepsiCo climb above $6.1 million, driven by gains in banking and global consumer stocks.

Omokolade Ajayi Omokolade Ajayi

Kenya’s Mitsumi targets India, Iraq and Morocco expansion

Kenya’s Mitsumi Expansion targets India, Iraq and Morocco, boosting AI infrastructure, cloud services and digital growth.

Timilehin Adejumobi Timilehin Adejumobi

Southern Africa moves to ease trade with new transport corridor plan

Southern Africa moves to ease trade as Zimbabwe, Malawi and Mozambique launch plans to improve regional transport corridors.

Oluwatosin Alao Oluwatosin Alao

Nigeria backs exporters with $1 billion AfCFTA growth fund

Nigeria AfCFTA Growth Fund unlocks $1 billion for exporters, manufacturers and SMEs to boost African trade growth.

Timilehin Adejumobi Timilehin Adejumobi