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

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

MTN deal takes Nigerian fintech infrastructure across Africa

MTN Group, Africa’s largest telecom operator, is expanding deeper into digital financial services through a new partnership that will take Nigerian-built fintech infrastructure into more African markets.  The agreement reflects how telecom companies are becoming increasingly important to Africa’s financial system as millions of consumers continue to rely on mobile phones rather than traditional banks for payments, savings and credit services.  For MTN, the partnership strengthens its Mobile Money business at a time when competition in Africa’s fintech sector is…

Oluwatosin Alao Oluwatosin Alao

RMB backs $120 million funding push for Net Nine Nine fibre expansion

Rand Merchant Bank backs $120 million Net Nine Nine fibre rollout to expand affordable internet to 1.5 million South African homes.

Timilehin Adejumobi Timilehin Adejumobi

Stephen Brookes’ Balwin profit tops $15 million as apartment sales surge in South Africa

Balwin profit rises above $15 million in 2026 as strong apartment sales and easing borrowing costs lift South Africa housing demand.

Feyisayo Ajayi Feyisayo Ajayi

Prosus divests $394 million Delivery Hero stake to meet EU rules

Prosus sells $394 million Delivery Hero stake to Aspex, advancing EU regulatory commitments after Just Eat Takeaway.com acquisition.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Woodlands Dairy acquires Ladismith Cheese in $50 million deal

Woodlands Dairy, one of South Africa’s largest dairy manufacturers, majority owned by Gutsche Family Investments, has acquired Ladismith Cheese Company in a deal valued at up to $50 million, marking a strategic shift in South Africa’s food industry as Sea Harvest exits dairy operations to reduce debt and refocus on its core seafood business. The acquisition, executed through Fairfield Dairy, a wholly owned subsidiary of Woodlands Dairy, was finalized on May 8 following regulatory approval. The proceeds will be used…

Feyisayo Ajayi Feyisayo Ajayi

NAHCO chairman Seinde Fadeni set for $2.3 million dividend, 71 million bonus shares

NAHCO chairman Seinde Fadeni set for $2.3 million dividend and 71 million bonus shares after strong earnings and capital expansion plan.

Feyisayo Ajayi Feyisayo Ajayi

IFC weighs $25 million financing for Gozem after top-15 growth ranking

IFC weighs $25 million financing for Gozem to expand vehicle lending as the SuperApp ranks among Africa’s fastest-growing firms.

Feyisayo Ajayi Feyisayo Ajayi

Africa’s richest man gains $1.26 billion as Dangote Cement jumps on London listing push

Aliko Dangote’s stake in Dangote Cement jumps 1.26 billion dollars as shares rally and London listing talks gain momentum.

Omokolade Ajayi Omokolade Ajayi