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

Perseus Mining steps up construction at Tanzania gold project

Nyanzaga Gold Project construction accelerates in Tanzania as Perseus Mining targets first gold in January 2027.

Timilehin Adejumobi Timilehin Adejumobi

EU completes $5.6 billion Egypt funding program with new $1.7 billion payment

EU funding for Egypt rises to $5.6 billion as a new $1.7 billion payment backs economic reforms, stability and IMF-linked measures.

Timilehin Adejumobi Timilehin Adejumobi

Geregu Power sheds $556 million on NGX in 2026

AfDB approves $114 million loan for Morocco’s first EV battery gigafactory, boosting electric mobility and green manufacturing ambitions.

Feyisayo Ajayi Feyisayo Ajayi

Indian billionaire Sajjan Jindal’s group backs $160 million Africa mining project

Indian billionaire Sajjan Jindal Africa mining project invests $160 million to build Mozambique's first fully electric coal mine.

Timilehin Adejumobi Timilehin Adejumobi

Aspen, MSD join forces to expand HIV prevention across Africa

Aspen MSD HIV prevention Africa partnership aims to expand access to a once-monthly HIV prevention pill across the continent.

Timilehin Adejumobi Timilehin Adejumobi

De Beers issues layoff notices at Limpopo mine despite worker support pledge

De Beers faces possible job cuts at South Africa’s Venetia diamond mine as weak diamond prices force a two-year production pause.

Oluwatosin Alao Oluwatosin Alao

Pick n Pay Chair James Formby takes lead role at Vukile Property Fund

James Formby Vukile Property Fund appointment strengthens board oversight as the Pick n Pay chair takes a lead independent role.

Timilehin Adejumobi Timilehin Adejumobi

Ghana’s richest investor Daniel Ofori hit by $24 million loss on Soc. Gen. Ghana stake in 143 days

Ghana’s top investor Daniel Ofori loses $24 million on Societe Generale Ghana stake amid cedi depreciation and share price volatility.

Feyisayo Ajayi Feyisayo Ajayi

South African-born executive Stanley Bergman exits Henry Schein after 45 years with $53 million stake

Stanley Bergman exits Henry Schein after 45 years, stepping down in 2025 with a $53 million stake after transforming the healthcare giant.

Feyisayo Ajayi Feyisayo Ajayi