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

Ashraf Sabry’s Fawry secures Egypt TPA license, expands into healthcare

Fawry secures Egypt TPA license via Treemed, launching Fawry Healthcare to digitize claims, payments, and healthcare access.

Timilehin Adejumobi Timilehin Adejumobi

Meet Uzziel Ndagijimana: CEO of Rwanda’s largest financial group managing $2 billion in assets

Uzziel Ndagijimana leads BK Group after serving as Rwanda’s finance minister, overseeing $2 billion assets and expanding Rwanda’s largest financial group.

Timilehin Adejumobi Timilehin Adejumobi

Zimbabwe’s Mutapa Investment Fund eyes $250 million to boost gold production

Zimbabwe’s Mutapa Fund seeks $250 million to expand gold mining as output targets rise through 2028.

Timilehin Adejumobi Timilehin Adejumobi

Gary Nagle: South African executive leading $90 billion London-listed giant, Glencore

Glencore CEO Gary Nagle leads a $90 billion commodity giant reporting stronger earnings and expanding copper projects worldwide.

Omokolade Ajayi Omokolade Ajayi

Vodacom targets 275 million Africans in major expansion push

Vodacom Group, a leading African connectivity, digital and financial services company, has raised its medium-term target to 275 million customers by 2030, as it steps up efforts to expand across a rapidly changing telecom and mobile payments landscape in Africa.  The updated goal reflects a wider push by the group to grow its customer base in markets where demand for data, mobile money and digital services continues to climb. It also signals a shift in focus toward deeper market penetration…

Oluwatosin Alao Oluwatosin Alao

Nigerian clergyman Victor Olaiya to receive N1 billion, 24.3 million bonus shares from NAHCO

NAHCO proposes N1 billion payout, bonus shares as Olaiya’s stake surges ahead of May 15 AGM in Lagos.

Feyisayo Ajayi Feyisayo Ajayi

Westbrooke secures $102 million for UK private equity push with South African capital

Westbrooke raises £75 million ($102 million) in a UK private equity fund backed by South African investors targeting mid-market companies.

Omokolade Ajayi Omokolade Ajayi

Nigerian tycoon Temitope Lawani’s Helios opens 2026 with $230 million in revenue

Helios Towers reports $230 million revenue, driven by tenancy growth and rising telecom infrastructure demand across Africa and Middle East.

Feyisayo Ajayi Feyisayo Ajayi

Africa’s richest man, Aliko Dangote, weighs Kenya for $15 billion refinery

Nigerian billionaire Aliko Dangote weighs a $15 billion refinery in Kenya, with Mombasa emerging as a leading site choice.

Omokolade Ajayi Omokolade Ajayi