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

South African billionaire Tshepo Mahloele offloads Capitec shares worth over $840 million

South African billionaire Tshepo Mahloele has reduced his indirect Capitec stake, offloading shares worth about $840m, JSE filing shows disclosed

Feyisayo Ajayi Feyisayo Ajayi

Odu’a Investment, Elektron Energy to build $40 million Lagos power plant

Odu’a, Elektron launched a $40 million embedded power plant in Lagos to deliver reliable energy and cut costs for manufacturers.

Timilehin Adejumobi Timilehin Adejumobi

Merali family’s Sameer Africa posts $2.1 million profit in 2025

Merali family-owned Sameer Africa posted $2.1 million profit in 2025, driven by revenue growth, efficiency gains and stronger operations outlook.

Feyisayo Ajayi Feyisayo Ajayi

Cameroon’s richest woman Kate Fotso’s Telcar Cocoa faces weakest cocoa prices in 3 years

Cameroon’s cocoa slump hits Telcar Cocoa as prices fall below expectations, marking weakest season in three years.

Feyisayo Ajayi Feyisayo Ajayi

South African billionaire Mouton family’s PSG Financial Services declares $50 million dividend payout

PSG Financial Services declares $49.48 million dividend as earnings, assets under management and profitability rise in 2026.

Feyisayo Ajayi Feyisayo Ajayi

UK, IFC sign $3.1 million deal to expand agribusiness financing in DR Congo

UK and IFC have signed a $3.1 million deal to expand agribusiness financing in DR Congo, boosting credit access for farmers and SMEs sector.

Feyisayo Ajayi Feyisayo Ajayi

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Uchumi Supermarkets, under restructuring, says it is Ksh7.05 billion ($55 million) insolvent as of June 2025, signaling financial strain ahead of AGM.

Feyisayo Ajayi Feyisayo Ajayi

Stellantis, Microsoft strike 5-year AI deal with Africa in focus

Stellantis and Microsoft have agreed to a five-year partnership that deepens their collaboration in artificial intelligence, cloud computing, and cybersecurity. The companies say the deal is aimed at reshaping how Stellantis designs, builds, and manages vehicles as the auto industry moves further into software-led systems.  The agreement reflects a broader push by global carmakers to rely more heavily on technology firms as vehicles become increasingly connected and dependent on digital services. It also signals how traditional manufacturers are adjusting to…

Oluwatosin Alao Oluwatosin Alao

South Africa’s Tharisa advances $391 million to complete phase 1 of Karo project in Zimbabwe

Tharisa nears full financing for its $391 million Karo Platinum project in Zimbabwe, targeting first production by H2 2027.

Feyisayo Ajayi Feyisayo Ajayi