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

Trafigura secures $92 million arbitration award in Zambia mining dispute

Trafigura has grown into one of the world’s largest commodity trading groups, connecting producers and consumers across energy, metals and minerals markets.

Timilehin Adejumobi Timilehin Adejumobi

Over a year after Nigerian billionaire Ogunlesi joins board OpenAI weighs $1tn IPO with Citi, JPMorgan as advisers

OpenAI weighs a potential initial public offering near 1 trillion dollar valuation with Citi and JPMorgan as advisers.

Omokolade Ajayi Omokolade Ajayi

OCI Global advances portfolio reset as divestments accelerate amid strong cash position

OCI Global accelerates asset sales, strengthens balance sheet, and shifts to net cash amid ongoing portfolio restructuring in Q1 2026.

Feyisayo Ajayi Feyisayo Ajayi

Absa Bank Kenya posts $40.9 million profit amid deposit growth

Absa Bank Kenya posted $40.9 million Q1 2026 profit, driven by deposit growth and a stronger balance sheet despite economic pressure.

Feyisayo Ajayi Feyisayo Ajayi

Johannesburg-listed Aimia closes $195 million Bozzetto sale, retires $142.6 million notes

Aimia closes $195 million Bozzetto sale, uses proceeds to cut debt and reposition as a permanent capital investment vehicle.

Feyisayo Ajayi Feyisayo Ajayi

Putprop agrees to sell Gauteng properties for $10.3 million in portfolio shift

Putprop agrees to sell Mamelodi Square and Dobsonville assets in Gauteng for $10.3 million, advancing portfolio rebalancing strategy.

Omokolade Ajayi Omokolade Ajayi

Hassanein Hiridjee elected to Jumia’s supervisory board barely one year after emerging as largest shareholder

Hassanein Hiridjee joins Jumia’s Supervisory Board barely one year after Axian Group increased its stake to 9.97 percent, strengthening governance at Africa’s e-commerce platform.

Omokolade Ajayi Omokolade Ajayi

Mauritius-based Alteo reports nine-month revenue above $70 million, assets top $500 million

Its profit, however, declined as gains in agriculture and real estate were offset by weaker energy revenue and lower margins, resulting in a decline in earnings.

Omokolade Ajayi Omokolade Ajayi

Nigerian energy veteran Layi Fatona named ND Western chair amid upstream expansion plans

Layi Fatona has been named chairman of ND Western, reinforcing the company’s upstream oil and gas expansion strategy as it strengthens production and asset growth in Nigeria.

Omokolade Ajayi Omokolade Ajayi