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

EADB loses $10 million Kenya bus service debt case after 23 years

EADB Kenya Bus Service Debt Case ends after 23 years as Kenya's High Court dismisses a $10 million debt recovery claim.

Timilehin Adejumobi Timilehin Adejumobi

Vedanta’s Zambia unit eyes 300-MW coal power plant   

Vedanta Zambia 300MW coal power plant advances as KCM plans $317m facility to secure electricity for copper mining operations.

Timilehin Adejumobi Timilehin Adejumobi

Standard Bank Connect strengthens telecom ambitions with eSIM

Standard Bank Connect launches eSIM in South Africa to expand mobile services and reach 350,000 telecom customers.

Oluwatosin Alao Oluwatosin Alao

South Africa’s Tongaat Hulett seals Vision Group, IDC takeover deal

Tongaat Hulett takeover deal with Vision Group and IDC secures 250,000 jobs and supports the sugar giant's recovery.

Timilehin Adejumobi Timilehin Adejumobi

Vukile Property Fund profit hits 354 million on Europe retail expansion

Vukile Property Fund posts higher earnings and dividends, expands into Europe and Italy, driven by retail acquisitions and portfolio growth.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Hyprop names Lucas Ndala to board amid Spar CEO transition

South Africa's Hyprop appoints Lucas Ndala, Oberholster to board as Spar CEO exit drives governance overhaul and strengthens investment oversight.

Feyisayo Ajayi Feyisayo Ajayi

Exxon Mobil backs South Africa’s first LNG import terminal

South Africa LNG Import Terminal secures Exxon Mobil support, boosting energy security, LNG imports and power generation.

Timilehin Adejumobi Timilehin Adejumobi

Mozambique-South Africa rail upgrade enters second phase in July

Mozambique begins a $160 million rail upgrade to boost trade with South Africa and expand freight capacity.

Oluwatosin Alao Oluwatosin Alao

MTN Nigeria, First WATT launch 34MW green power plan for Telecom sites

MTN Nigeria partners First WATT on a 34MW solar and storage project to cut diesel use and boost telecom energy reliability Nigeria.

Oluwatosin Alao Oluwatosin Alao