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

Nigerian billionaire Tony Elumelu set for $10.8 million Seplat dividend payout

Tony Elumelu is set to receive $10.84 million in Seplat dividends as the company boosts payouts amid stronger Q1 2026 earnings.

Omokolade Ajayi Omokolade Ajayi

Mozambique challenges $2 billion claims on Total LNG project

Mozambique disputes $2bn cost claim from TotalEnergies over LNG delays, escalating talks on project costs and restart terms.

Timilehin Adejumobi Timilehin Adejumobi

French miner Eramet restarts Senegal sands plant after fire damage

Eramet restarts Senegal mineral sands output after fire damage, targeting recovery to full capacity by 2027 amid lower 2026 guidance.

Timilehin Adejumobi Timilehin Adejumobi

Nigerian mortgage banker Rose Ada Okwechime bags N173 million dividend in 2025

Rose Ada Okwechime earns N173 million dividend from Abbey Mortgage Bank 2025 payout after strong earnings and AGM approval in Lagos lender reporting

Feyisayo Ajayi Feyisayo Ajayi

IFC launches $1.14 million Ajira Sawa program to expand women’s jobs in Tanzania 

IFC launches $1.14 million Ajira Sawa program in Tanzania to boost women's jobs, leadership and entrepreneurship across key sectors, rollout phase.

Feyisayo Ajayi Feyisayo Ajayi

World Bank to provide $8 million loan to Baobab units to expand women-led financing in DRC, Mali

World Bank’s IFC plans $8 million loans to Baobab units, expanding MSME credit and women-led financing across DRC and Mali markets.

Feyisayo Ajayi Feyisayo Ajayi

Vista Bank Burkina Faso to get $20 million IFC-backed loan to expand SME financing

Vista Bank Burkina Faso will receive up to $20 million IFC-backed financing to expand SME lending, especially women-led businesses in Burkina Faso

Feyisayo Ajayi Feyisayo Ajayi

Kendrick Resources lands $2.3 million to develop Namibia rare earths project

Kendrick Resources raises $2.3 million to accelerate Namibia rare earth drilling and maiden resource estimate.

Timilehin Adejumobi Timilehin Adejumobi

Coris Bank Senegal, owned by Idrissa Nassa’s group to get $25 million for MSME lending 

Coris Bank Senegal may secure $25 million IFC loan to boost MSME lending, expand access for small businesses and women entrepreneurs.

Feyisayo Ajayi Feyisayo Ajayi