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

Spiro partners with Yadea to expand electric mobility across Africa  

Spiro partners with Yadea to expand electric mobility in Africa, adding electric two-wheelers to its battery-swapping network.

Timilehin Adejumobi Timilehin Adejumobi

UBA opens subscription channel for Dangote Refinery IPO, invites investors to participate

UBA opens subscription channels for the Dangote Refinery IPO, offering eligible investors access to 4.1 billion shares at ₦525 each.

Omokolade Ajayi Omokolade Ajayi

Hamza Farooqui’s Park Hyatt Johannesburg: The $90 million bet reshaping Rosebank’s luxury scene

Hamza Farooqui’s more than $90 million Park Hyatt Johannesburg blends African luxury, personalised service and global hospitality in Rosebank.

Feyisayo Ajayi Feyisayo Ajayi

Ethiopia slashes power to Bitcoin miners as El Niño hurts dams

Ethiopia has cut power supplies to Bitcoin miners to 23% of contracted levels as drought reduces hydropower generation.

Omokolade Ajayi Omokolade Ajayi

Harmony Gold reports second worker death at South Africa mine in September

Harmony Gold reports its second worker death in September after a fatal underground seismic event at its Mponeng mine in South Africa.

Omokolade Ajayi Omokolade Ajayi

South African billionaire Stephen Saad-backed DNI to invest $130 million in tech firms     

Stephen Saad-backed DNI plans a $130 million technology push as it seeks to double the size of its business.

Timilehin Adejumobi Timilehin Adejumobi

Africa’s richest man Aliko Dangote eyes $60B fortune as refinery IPO opens

Aliko Dangote is targeting a $60 billion net worth as the $49 billion public listing of his mega-refinery opens to retail buyers.

Omokolade Ajayi Omokolade Ajayi

Shoprite grants top brass $7 million in share awards as Pieter Engelbrecht gets 119,175 shares

Shoprite awards executives R112.71 million ($6.9 million) in shares, with CEO Pieter Engelbrecht receiving 119,175 awards worth R35.46 million ($2.17 million).

Feyisayo Ajayi Feyisayo Ajayi

Afreximbank targets $5.18 billion in Angola oil and gas opportunities

Afreximbank is targeting $5.18 billion in Angola oil and gas projects as the country pushes for greater local ownership and investment.

Oluwatosin Alao Oluwatosin Alao