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

Kenya nets $324 million from Diageo’s EABL exit deal

Kenya is set to receive about $324 million in tax revenue from Diageo’s planned exit from East African Breweries Limited.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s Transnet signs $1.3 billion LNG terminal deal at Ngqura

Transnet signs a $1.3 billion LNG terminal deal at Ngqura as South Africa accelerates its transition to gas energy.

Timilehin Adejumobi Timilehin Adejumobi

Uber buys Delivery Hero’s Aspex stake after takeover bid

Uber raises stake in Delivery Hero to 36.83% as takeover talks continue, intensifying Europe food delivery consolidation.

Oluwatosin Alao Oluwatosin Alao

Mr Eazi’s Choplife Gaming secures approval to launch betPawa in Mali

Choplife Gaming secures approval to launch betPawa in Mali, expanding Mr Eazi’s gaming empire across Francophone West Africa.

Timilehin Adejumobi Timilehin Adejumobi

South African executive Sim Tshabalala nears $15 million Standard Bank stake

Standard Bank CEO Sim Tshabalala’s stake rises toward $15 million as shares climb and earnings strengthen in 2025.

Omokolade Ajayi Omokolade Ajayi

I&M Group reports $38.9 million Q1 2026 profit; assets rise to $5.73 billion

I&M Group reports $38.9 million Q1 2026 profit, with total assets rising to $5.73 billion on stronger lending and income growth across East Africa.

Omokolade Ajayi Omokolade Ajayi

Cameroonian businessman Antoine Ndzengue’s delayed mega-tyre project advances with $730 million deal

Cameroon’s delayed tyre plant linked to Antoine Ndzengue advances after GHV Infra received LOI for a $730 million EPC deal in Bekoko industrial plant

Feyisayo Ajayi Feyisayo Ajayi

Nedbank backs Anthem Group’s $353 million green energy expansion

Nedbank backs Anthem Group with $353m green energy funding, boosting South Africa’s renewable power and IPP expansion drive.

Timilehin Adejumobi Timilehin Adejumobi

MCB Group launches $1 billion Africa trade finance push to boost regional commerce

MCB Group launches $1 billion trade finance program to boost intra-African commerce, ease risk barriers and support regional value chains.

Feyisayo Ajayi Feyisayo Ajayi