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

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

Tantalizers to acquire Nigeria’s largest indigenous fisheries group, expands beyond fast food roots

Tantalizers Plc expands beyond quick service restaurants, signing deal to acquire Karflex Fisheries to boost seafood production and exports.

Omokolade Ajayi Omokolade Ajayi

Glencore holds South African executive Gary Nagle’s 2026 base pay at $2 million

Glencore keeps Gary Nagle’s base salary at $2 million in 2026, maintaining a long-term pay policy tied to performance and ESG targets.

Omokolade Ajayi Omokolade Ajayi

Pepkor to launch bank in South Africa as retail finance race heats up

South African retailer Pepkor is preparing to enter the country’s banking industry, adding to a growing shift by retailers toward financial services as they look for steadier income and closer ties with customers.  The company, which owns clothing chains PEP and Ackermans, plans to launch its bank in April 2027. Pepkor said the business will combine digital banking with in-store services across its nationwide retail network.  The move reflects a broader trend in South Africa, where retailers are expanding into…

Oluwatosin Alao Oluwatosin Alao

Growthpoint, Etana Energy launch first pooled green power wheeling in South Africa

Growthpoint and Etana Energy launch South Africa’s first pooled renewable energy wheeling system across Cape Town commercial properties.

Timilehin Adejumobi Timilehin Adejumobi

South Africa probes $3 billion police software scandal amid fraud allegations

South Africa’s policing procurement system faces scrutiny over alleged R50 billion ($3 billion) SAPS software scandal now before the Madlanga Commission probe.

Feyisayo Ajayi Feyisayo Ajayi

Sound Energy to offload $57 million stake in Morocco gas field

Sound Energy sells its 20% Morocco gas stake for $57M to Managem, cutting debt and refocusing its energy transition strategy.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s richest man Johann Rupert nears $19 billion after $1 billion rebound

Richemont shares rise 4.5 percent, boosting Johann Rupert’s wealth by nearly $1 billion and lifting net worth close to $19 billion.

Omokolade Ajayi Omokolade Ajayi