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

Aspen chair Kuseni Dlamini to step down after December 2026 AGM

Aspen chair Kuseni Dlamini will step down after December 2026 AGM, marking a key board transition as Ben Kruger prepares to succeed him.

Feyisayo Ajayi Feyisayo Ajayi

TotalEnergies, BluEnergies expand offshore oil exploration in Liberia

Liberia offshore oil exploration gains momentum as TotalEnergies and BluEnergies advance deepwater studies in Harper Basin.

Timilehin Adejumobi Timilehin Adejumobi

Meet Faraj Jaffar: Heir leading Tanzania’s ASAS Group logistics, agriculture empire

Faraj Jaffar leads ASAS Group into a new era, building on a century-old Tanzanian empire spanning logistics, agriculture, energy, and real estate.

Feyisayo Ajayi Feyisayo Ajayi

Radisson targets KZN for serviced apartment expansion as demand rises

Radisson Serviced Apartments KZN expansion targets Umhlanga as demand rises for flexible hotel-style residential accommodation.

Timilehin Adejumobi Timilehin Adejumobi

Air Tanzania launches direct Moscow flights to boost tourism and trade

Air Tanzania launches direct Moscow flights, opening new opportunities for Tanzania tourism, trade, investment and stronger Russia business ties.

Oluwatosin Alao Oluwatosin Alao

Afreximbank bets $1 billion on Africa’s booming film and creative economy

Afreximbank $1 billion film fund targets Africa’s creative economy with financing for studios, filmmakers and global entertainment growth.

Timilehin Adejumobi Timilehin Adejumobi

10 richest African families

Richest African families control $115 billion in combined wealth, spanning industries and shaping economies through powerful multigenerational dynasties.

Feyisayo Ajayi Feyisayo Ajayi

ExxonMobil plans $1 billion Nigeria Oilfield investment   

ExxonMobil Nigeria oilfield investment signals renewed offshore activity as the country seeks fresh energy sector capital.

Timilehin Adejumobi Timilehin Adejumobi

Trustco flags delays at Meya Mining as diamond project faces production setback

Trustco warns of delays at Meya Mining as Sierra Leone diamond project stalls, with no revenue, rising liabilities and uncertain production timeline.

Feyisayo Ajayi Feyisayo Ajayi