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

Hisham Talaat Moustafa’s TMG joins Saudi PIF in multi-billion giga-projects plan

TMG joins Saudi PIF giga-projects in a landmark deal boosting Saudi Vision 2030 urban expansion and Gulf-North Africa investment flows.

Timilehin Adejumobi Timilehin Adejumobi

South African miner Daphne Mashile-Nkosi drives manganese expansion in Northern Cape

Daphne Mashile-Nkosi ramps up manganese output in South Africa’s Northern Cape amid rising global demand for critical minerals.

Feyisayo Ajayi Feyisayo Ajayi

Nigerian banker Adaora Umeoji’s Zenith Bank stake rises to $27 million

Adaora Umeoji’s stake in Zenith Bank reaches $27 million, driven by a 107 percent stock surge and record assets of $23.4 billion.

Omokolade Ajayi Omokolade Ajayi

South African billionaire Koos Bekker gains $100m from Tencent AI rally, EU antitrust delay

Koos Bekker’s net worth jumps to $3.5 billion as a Tencent AI agent prototype and a European Commission antitrust delay send Naspers and Prosus shares higher.

Omokolade Ajayi Omokolade Ajayi

South Africa’s TFG plans major store closures amid retail shift

TFG store closures South Africa signal retail shift as Foschini Group shuts 100+ stores amid rising e-commerce pressure.

Timilehin Adejumobi Timilehin Adejumobi

Abdul Samad Rabiu drops as Africa’s second-richest after $2.2 billion wealth loss

Abdul Samad Rabiu falls from Africa's second-richest spot after a $2.2 billion net worth decline, with Johann Rupert reclaiming the rank.

Omokolade Ajayi Omokolade Ajayi

Nigeria’s DBN pumps $735 million into local businesses, sets sight on 2 million jobs

DBN backs over one million small firms with $735 million, aiming to spark two million new jobs under a fresh five-year strategy.

Omokolade Ajayi Omokolade Ajayi

Convalt Energy to invest $6.2 billion in Lesotho hydropower, AI data center

Convalt Energy’s $6.2 billion Lesotho hydropower AI data center project signals a major shift in African energy and digital infrastructure.

Timilehin Adejumobi Timilehin Adejumobi

MTN director Jens Schulte-Bockum sells over $1 million in shares two years after exit

MTN director Jens Schulte-Bockum sells $1.15 million in shares nearly two years after exiting his executive role at Africa’s largest telecom operator.

Feyisayo Ajayi Feyisayo Ajayi