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

IBL Group, Mauritius’ largest conglomerate, posts $2 billion nine-month revenue

IBL Group posts revenue above $2 billion for nine months to March 2026, with growth across operations and assets reaching $3.04 billion.

Omokolade Ajayi Omokolade Ajayi

El-Sewedy family set for $58 million dividend from Elsewedy Electric

Egyptian El-Sewedy family set for $58.3 million payout as Elsewedy Electric boosts dividend after $361 million profit in 2025.

Feyisayo Ajayi Feyisayo Ajayi

Afrimat secures mining rights ruling tied to Transnet corridor

Afrimat secures a High Court order compelling South Africa’s mining minister to approve a key mining rights transfer linked to Transnet’s iron ore export corridor.

Timilehin Adejumobi Timilehin Adejumobi

South African executive Gary Nagle takes $7.4 million pay from Glencore in 2025

Gary Nagle received $7.47 million pay from Glencore in 2025 as profits rose and copper expansion boosted earnings.

Omokolade Ajayi Omokolade Ajayi

Orascom Construction-led JV targets 300,000 m³/day desalination projects across Gulf, Africa

Orascom Construction-led JV targets large desalination projects across Gulf and Africa, advancing 300,000 m³/day flagship plant.

Feyisayo Ajayi Feyisayo Ajayi

South Africa regulator strips HSBC of forex license after 30 years

South African Reserve Bank Financial Surveillance Department has revoked the Johannesburg branch of HSBC as an authorised foreign exchange dealer, ending a relationship that stretched for more than three decades. The decision removes one of the lender’s remaining regulatory links to the country.  The move reflects a broader shift among global banks reassessing their presence in parts of Africa and other emerging markets. Many lenders have been narrowing operations to focus on core regions with higher returns and simpler regulatory…

Oluwatosin Alao Oluwatosin Alao

South Africa’s SPAR exits UK market in $17.4 million disposal deal

SPAR Group exits UK in $17.4 million disposal, selling 71 stores as it shifts focus to Africa and Ireland, cutting debt and restructuring.

Timilehin Adejumobi Timilehin Adejumobi

Egypt’s Fawry targets fintech acquisitions worth $2.4 million

Fawry is in talks to acquire $2.4 million tech firms to expand its fintech ecosystem and strengthen Egypt payments infrastructure deal push grows

Feyisayo Ajayi Feyisayo Ajayi

Hilton expands South Africa footprint with new KwaZulu-Natal Tapestry hotel

Hilton is expanding deeper into South Africa’s tourism market with a new hotel project in KwaZulu-Natal, a province known for its wildlife, beaches and cultural attractions.  The global hospitality group announced the signing of Umfolozi River Hotel, KwaZulu-Natal, Tapestry Collection by Hilton, in partnership with Umfolozi Hotel and Spa. The hotel will be built in Mtubatuba in northern KwaZulu-Natal and is expected to open in 2028.  The agreement comes as major international hotel brands increase investment across Africa, betting on…

Oluwatosin Alao Oluwatosin Alao