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

Egypt’s Talaat Moustafa secures Iraq license, targets $18.8 billion Baghdad mega project

Egypt’s Talaat Moustafa secures Iraq license, advancing $18.8 billion Baghdad project with 43,000 homes and long-term revenue potential.

Feyisayo Ajayi Feyisayo Ajayi

Momentum Health takes over Bonitas in South Africa’s medical aid transfer

Momentum Health completes Bonitas takeover, adding 750,000 members in South Africa’s biggest medical aid transfer.

Oluwatosin Alao Oluwatosin Alao

South Africa gasoline prices hit record with relief rollback

South Africa’s gasoline prices rise to a record as fuel relief measures are rolled back amid Middle East conflict and rising global oil costs.

Omokolade Ajayi Omokolade Ajayi

African electric mobility firm Spiro raises $215 million, nears $1 billion valuation

Spiro raises $215 million, nears a $1 billion valuation, and expands electric motorcycle and battery-swapping operations across Africa.

Omokolade Ajayi Omokolade Ajayi

Standard Bank’s Lwazi Bam assumes MTN risk leadership role today as telecom advances its 2030 strategy

MTN Group named Standard Bank executive Lwazi Bam chief risk officer, strengthening governance as it advances Ambition 2030 strategy plan.

Feyisayo Ajayi Feyisayo Ajayi

Absa expands in East Africa as Uganda approves Standard Chartered deal

Uganda approves Absa deal for Standard Chartered retail unit, reshaping banking in East Africa amid sector consolidation.

Oluwatosin Alao Oluwatosin Alao

Property linked to Kenyan businessman Edwin Dande finally faces auction

Kenyan courts have cleared auction of Edwin Dande-linked Cytonn property after lenders moved to recover over in unp$7.7 million aid debt rulings.

Feyisayo Ajayi Feyisayo Ajayi

Aliko Dangote’s mega refinery targets 130 crude grades ahead of $50 billion IPO

Dangote Refinery targets 130 crude grades as it expands capacity ahead of a planned $50 billion IPO.

Omokolade Ajayi Omokolade Ajayi

Nigeria’s state-owned NNPC posts $351 million profit on higher oil output, gas projects in April

NNPC profit rises to N481 billion ($351 million) in April 2026 as crude output, gas projects and revenue climb sharply.

Omokolade Ajayi Omokolade Ajayi