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

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

Egyptian tycoon Ahmed El-Sewedy bags $19 million dividend in 2025

Ahmed El-Sewedy bags about $18.6 million dividend from Elsewedy Electric after $74.5m payout, boosted by strong 2025 earnings growth profit rises.

Feyisayo Ajayi Feyisayo Ajayi

UBA Wins 2026 Banker Technology Award for AI Innovation, Launches Upgraded Mobile App

UBA wins the 2026 Banker Technology Award for AI-driven cross-border payments and launches its newly upgraded RedApp mobile banking application.

Editorial Team Editorial Team

South African-born Hilton Schlosberg powers Monster Beverage’s $88 billion global rise

Hilton Schlosberg drives Monster’s rise from juice maker to $88 billion energy drink powerhouse with global reach.

Feyisayo Ajayi Feyisayo Ajayi

Heirs Energies’ $750 million financing named best oil & gas deal of the year

Heirs Energies wins Best Oil and Gas Deal of the Year for its landmark $750 million financing, advancing long-term African energy security.

Editorial Team Editorial Team

Morocco secures $578 million EIB loan to rebuild after 2023 earthquake

Morocco secured a $578 million EIB loan to rebuild High Atlas after the 2023 quake, boosting schools, roads and healthcare recovery efforts.

Oluwatosin Alao Oluwatosin Alao

Ethiopian Airlines plots 25-jet expansion plan, following $4.4 billion first-half revenue

Ethiopian Airlines plans to buy 25 regional commercial jets following a record $4.4 billion first-half revenue performance.

Omokolade Ajayi Omokolade Ajayi

Bloomberg, Forbes track billions on different scales, but Elon Musk’s trillionaire milestone is closing in

Bloomberg and Forbes differ on Elon Musk's current billions, but the upcoming SpaceX IPO puts him on track to become the world's first trillionaire.

Omokolade Ajayi Omokolade Ajayi