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

Africa’s first Black billionaire Patrice Motsepe loses $800 million in under five months

Patrice Motsepe loses $800 million in under five months as Harmony Gold and ARM shares tumble on the JSE amid a broader precious metals retreat.

Omokolade Ajayi Omokolade Ajayi

Nigeria’s United Capital enters East Africa, clinches operating licenses in Ethiopia, Rwanda

United Capital enters Ethiopia and Rwanda, becoming the first foreign investment bank permitted to handle investment banking services in Ethiopia.

Omokolade Ajayi Omokolade Ajayi

Algeria, Tunisia plan submarine cable to strengthen Africa-Europe ties

Algeria and Tunisia plan a new submarine cable to Italy to strengthen Africa-Europe digital connectivity and network resilience.

Oluwatosin Alao Oluwatosin Alao

Aliko Dangote’s net worth nears $40 billion as refinery eyes $50 billion IPO

Aliko Dangote’s wealth nears $40 billion as a planned $50 billion refinery IPO draws strong global investor interest and massive capital requests.

Omokolade Ajayi Omokolade Ajayi

Sumitomo Corp. to exit Madagascar nickel project in $418 million stake sale

Sumitomo exits the Ambatovy nickel project in Madagascar via $418m stake sale, reshaping global battery metals and EV supply chains.

Timilehin Adejumobi Timilehin Adejumobi

Technip Energies wins Mozambique LNG contract with Eni-led consortium

Technip Energies Mozambique LNG contract boosts Coral Norte FLNG expansion with Eni-led consortium, strengthening Africa LNG growth.

Timilehin Adejumobi Timilehin Adejumobi

Stephen Brookes’ Balwin invests $6 million in roads to drive Mooikloof growth   

Balwin Properties Mooikloof road project boosts Tshwane growth with $6 million K147 link easing traffic and supporting expansion.

Timilehin Adejumobi Timilehin Adejumobi

Morocco’s Tazi family sees $514 million stake decline as Sothema shares plunge ahead of AGM

Morocco’s Tazi family lost about $514 million as Sothema shares plunged ahead of June 2026 AGM in Casablanca as stock rout deepens pressure builds

Feyisayo Ajayi Feyisayo Ajayi

Tanzania targets $2 billion in Russian funding for development

Tanzania targets $2 billion Russian funding as it deepens cooperation with Russia in mining, health, tech, and agriculture sectors.

Timilehin Adejumobi Timilehin Adejumobi