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

Oil mogul Tunde Afolabi’s AMNI, TotalEnergies commit $800 million to Nigeria’s 53-year-old Ima Field

Tunde Afolabi’s Amni and TotalEnergies commit $800 million to develop Nigeria’s Ima gas field and supply gas to Nigeria LNG’s Train 7 expansion.

Feyisayo Ajayi Feyisayo Ajayi

Ghana turns to local lenders for $1.4 billion cocoa rescue plan

COCOBOD is turning to local investors for $1.4 billion to finance the new cocoa season as debts mount and traditional international backing falls away.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote targets $100 billion revenue with $45 billion investment plan

Aliko Dangote targets $100 billion in annual revenue by 2030 as Dangote Industries pursues a $45 billion investment plan.

Omokolade Ajayi Omokolade Ajayi

$40 million fuel debt puts Nigerian oil tycoon Abdulrahman Bashar’s assets at risk

Abdulrahman Bashar faces asset seizures in Nigeria over more than $40 million in unpaid fuel-related obligations.

Omokolade Ajayi Omokolade Ajayi

Kenyan banker Gideon Muriuki’s stake nears $40 million as Co-op Bank shares surge

Co-op Bank CEO Gideon Muriuki has seen his 2.3 percent stake near $40 million as a 54.9 percent stock rally adds millions to his holdings in 2026.

Omokolade Ajayi Omokolade Ajayi

South African tycoon Christopher Seabrooke donates $13 million stake to Wits University via family trust

South African tycoon Christopher Seabrooke donates a $13 million Sabvest Capital stake to Wits University’s Arts Precinct expansion project.

Feyisayo Ajayi Feyisayo Ajayi

Adenia-backed Quickmart plans Nairobi Securities Exchange listing    

Quickmart NSE listing plans would offer 50% of shares to public investors as Kenya’s retailer targets further expansion.

Timilehin Adejumobi Timilehin Adejumobi

Nola Adetola’s ARN Foods acquires multimillion-dollar rice mill to boost food supply in Nigeria

Nola Adetola’s ARN Foods has started production at a 120-metric-tonne-per-day rice mill in Abuja as it expands Nigeria’s food-processing operations.

Omokolade Ajayi Omokolade Ajayi

Savanna Beef faces disruption after foot-and-mouth disease outbreak in Namibia

Savanna Beef faces disruption after foot-and-mouth disease was detected in Namibia’s FMD-free zone, prompting livestock movement restrictions.

Feyisayo Ajayi Feyisayo Ajayi