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

Mr Price Group delivers $236.6 million profit on stronger margins in 2026

Mr Price posts $236.6 million profit as margins expand, offsetting weak demand and driving steady revenue growth in 2026 results.

Feyisayo Ajayi Feyisayo Ajayi

Zambia taps Chinese partner for 600-MW coal plant to boost power supply

Zambia and a Chinese partner will build a 600-MW coal plant to tackle power shortages, support copper mining growth, and reduce reliance on hydropower.

Oluwatosin Alao Oluwatosin Alao

South Africa’s Eskom advances 3,000-MW gas project with LNG agreement

Eskom LNG Agreement 3000MW Gas Project marks South Africa’s shift to LNG power via Richards Bay deal supporting 25-year fuel security.

Timilehin Adejumobi Timilehin Adejumobi

Clicks Group CEO Bertina Engelbrecht takes $1.9 million pay in 2025

Clicks Group CEO Bertina Engelbrecht earned $1.9 million in 2025, down 6.72% from prior year, reflecting lower incentives and steady leadership impact.

Feyisayo Ajayi Feyisayo Ajayi

Nigeria’s TGI, Wilmar forge $12 billion food venture across West Africa

TGI Wilmar Food Venture creates a $12 billion agribusiness platform across Nigeria and Benin, boosting food production.

Timilehin Adejumobi Timilehin Adejumobi

Nigerian banker Rose Okwechime’s Abbey Mortgage Bank gets approval to transition into regional commercial lender

Abbey Bank receives CBN approval to become regional commercial lender, expanding beyond mortgages after strong earnings and name change, Nigeria.

Feyisayo Ajayi Feyisayo Ajayi

Flutterwave, Tempo partner to speed up payments from US, Europe to Africa

Flutterwave partners with Tempo to launch stablecoin payment infrastructure, cutting cross-border fees as volumes cross $40 billion.

Omokolade Ajayi Omokolade Ajayi

FlySafair cuts fuel surcharge 40 percent amid overbooking probe

FlySafair slashed its dynamic fuel surcharge by 40 percent amid an intense overbooking investigation by South African consumer watchdogs.

Omokolade Ajayi Omokolade Ajayi

Kenyan firm Sasini calls off $61.1 million estate sale as buyer defaults

Kenyan agribusiness Sasini has canceled the $61.1 million sale of its Gulmarg coffee estate after the buyer defaulted on critical payment deadlines.

Omokolade Ajayi Omokolade Ajayi