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

Cameroonian investor Fabricio Ndjodo’s Minkama Capital nears $76 million Chococam takeover

Minkama Capital nears takeover of Chococam, pending regulatory approvals, marking a shift toward local ownership of Cameroon’s cocoa processor.

Feyisayo Ajayi Feyisayo Ajayi

Malawi sells gold, seeks $120 million Afreximbank loan to ease fuel crisis

Malawi turns to $120 million Afreximbank loan and gold sales as forex shortages trigger fuel import delays and economic pressure intensifies further

Timilehin Adejumobi Timilehin Adejumobi

Meta taps employee activity data to boost AI development efforts

Meta Platforms is stepping up its investment in artificial intelligence, turning to employee activity data to improve how its systems learn and perform everyday tasks. The move highlights a growing shift across Silicon Valley, where companies are building AI tools that can handle routine office work with limited supervision.  The company is introducing software that records how staff use their computers, capturing details such as mouse movements, clicks and keystrokes. Executives say this type of real-world data is essential to…

Oluwatosin Alao Oluwatosin Alao

Proparco invests $17 million in African firms to boost growth

Proparco invests $17 million in Alterra fund to expand African businesses, supporting jobs, growth, and key sectors.

Timilehin Adejumobi Timilehin Adejumobi

South African billionaire Michiel Le Roux set for $64 million Capitec dividend

Michiel Le Roux set for $64 million payout as Capitec boosts dividend on stronger earnings and rising digital banking growth.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Capitec profit tops $1 billion as customers reach record 26 million

Capitec posts its first annual profit above $1 billion as its clients rise to a record 26 million, driven by lending and digital services.

Omokolade Ajayi Omokolade Ajayi

South African billionaire Johann Rupert’s Remgro exits FirstRand with $515 million sale

Remgro exits FirstRand after R8.47 billion ($515 million) share sales, unlocking capital for new investments as the group reshapes its portfolio.

Feyisayo Ajayi Feyisayo Ajayi

Aliko Dangote’s son-in-law, Jamil Abubakar, takes leadership role at Dangote Group

Jamil Abubakar becomes Dangote Group infrastructure and logistics chief as Aliko Dangote expands African trade network.

Omokolade Ajayi Omokolade Ajayi

LEVA Hotels signs deal with Radar Properties for Kings City hotel in Zimbabwe

LEVA Hotels is expanding its presence in Southern Africa with a new hospitality project in Bulawayo, pointing to renewed investor interest in Zimbabwe’s tourism and real estate sectors. The Dubai-based brand has signed a management agreement with Radar Properties to develop a $1 billion lifestyle hotel within the Kings City mixed-use development.  The agreement reflects a wider shift among international hotel operators toward emerging African markets, where improving infrastructure and steady travel demand are opening new opportunities. Zimbabwe, known for…

Oluwatosin Alao Oluwatosin Alao