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

9 NSE-listed companies with market cap above $1 billion

Nine NSE-listed companies now exceed $1 billion in value, led by Safaricom, highlighting Kenya’s growing capital market depth.

Timilehin Adejumobi Timilehin Adejumobi

GTCO’s Q1 profit slips to $158 million as valuation losses, higher taxes weigh on earnings

GTCO reports first-quarter profit of $158.6 million as valuation losses and higher taxes weigh on earnings despite revenue growth.

Omokolade Ajayi Omokolade Ajayi

Nigerian billionaire Aliko Dangote’s Dangote Cement posts $233 million profit in Q1 2026

Dangote Cement posts $233 million profit in Q1 2026, driven by stronger sales, higher volumes and cost control.

Omokolade Ajayi Omokolade Ajayi

World Bank Group, Standard Chartered launch $300M Africa trade finance facility

Standard Chartered launch a $300 million facility to boost supply chain finance and ease SME liquidity constraints across Africa.

Feyisayo Ajayi Feyisayo Ajayi

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $103 million Q1 profit

BUA Foods posts $103 million Q1 profit as Abdul Samad Rabiu’s group cuts costs, offsets weaker sales, and strengthens margins.

Omokolade Ajayi Omokolade Ajayi

Botswana’s top 5 listed companies above $500 million by market value

Botswana Stock Exchange tops $70 billion as five giants in mining, banking, and trade drive liquidity, growth, and regional investor appeal.

Feyisayo Ajayi Feyisayo Ajayi

Johannesburg-born banker Kenny Fihla takes $7.6 million pay from Absa in 2025

Absa Group paid Kenny Fihla a $7.62 million package in 2025, driven by buyout awards and incentives following his move from Standard Bank.

Omokolade Ajayi Omokolade Ajayi

Bill Gates-backed firm breaks ground on $2.5bn Zambia copper mine after $50m Congo lithium bet

KoBold Metals starts Zambia’s $2.5 billion Mingomba copper mine after expanding into Congo lithium with a $50 million investment.

Omokolade Ajayi Omokolade Ajayi

7 mega projects powering Egypt’s economic shift in 2026

Egypt’s 2026 mega projects are accelerating investment, jobs, and infrastructure growth, reshaping its economic trajectory.

Timilehin Adejumobi Timilehin Adejumobi