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

South African retail veteran Sean Summers bags $3.4 million pay in 2026 amid Pick n Pay’s turnaround push

Sean Summers earned $3.4 million total pay in 2026 as Pick n Pay advances turnaround, with Boxer growth offsetting supermarket losses pressure.

Feyisayo Ajayi Feyisayo Ajayi

Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

Jim Ovia pivots from banking to luxury Lagos real estate, investing in high-end towers priced up to $2.8 million for wealthy buyers and diaspora investors.

Omokolade Ajayi Omokolade Ajayi

Old Mutual Bank adds senior executives as Africa banking push intensifies

Old Mutual Bank hires senior executives as it prepares to challenge Capitec and expand its banking business in South Africa.

Oluwatosin Alao Oluwatosin Alao

Egypt’s $520 million fertilizer plant attracts $174 million debt package from IFC

Egypt’s $520 million fertilizer plant secured potential $174 million IFC debt package to expand phosphate output and boost exports in Ain Sokhna, Egypt region

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Omnia Holdings posts $83 million profit as agriculture, mining drive growth

Omnia Holdings posts 25% profit growth as Agriculture and Mining drive earnings, while Chemicals rebounds on restructuring.

Feyisayo Ajayi Feyisayo Ajayi

Alcazar Energy lands $420 million deal on Egypt wind farm expansion

Alcazar Energy Egypt wind farm deal worth $420M expands Gabal El Zeit project, boosting Egypt’s renewable energy transition.

Timilehin Adejumobi Timilehin Adejumobi

Wanatu ride-hailing app rolls out major upgrade across Africa

Wanatu upgrades its ride-hailing app in South Africa with new features, improved UX, and expanded mobility services.

Oluwatosin Alao Oluwatosin Alao

South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

South Africa’s economy grew 0.5 percent in Q1, beating survey estimates despite a sharp drop in consumer spending and rising fuel costs.

Omokolade Ajayi Omokolade Ajayi

Pepkor chair Wendy Luhabe to step down after nearly six years in role 

Pepkor chair Wendy Luhabe will step down June 2026 after six years, as the retailer begins succession planning and expansion push.

Timilehin Adejumobi Timilehin Adejumobi