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.

Dangote Refinery attains full capacity, targets 75 million liters daily

Dangote Refinery hits 650,000 barrels per day and targets 75 million liters daily, strengthening Nigeria’s fuel supply and energy security.

Omokolade Ajayi Omokolade Ajayi

Top 10 African countries with advanced rail systems

Africa’s top 10 rail systems boost trade, cut transport costs, and connect cities, mining hubs, and regional economies.

Feyisayo Ajayi Feyisayo Ajayi

10 most exclusive safari lodges in Kenya

Kenya’s top luxury safari lodges offer unmatched wildlife, exclusive stays, and world-class bush experiences.

Feyisayo Ajayi Feyisayo Ajayi
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Latest Business News

Amid $100 million expansion plan, Redtech ranks among Africa’s fastest-growing companies

Redtech, backed by Tony Elumelu, ranks among Africa’s fastest-growing fintech firms amid expansion into 29 countries.

Omokolade Ajayi Omokolade Ajayi

Mozambique breaks ground on major technology center to boost innovation

Mozambique is stepping up efforts to build a skilled workforce for its growing oil and gas sector with the launch of a $40 million technology center in Maputo. The project comes as the country pushes to benefit more from major liquefied natural gas developments in the Rovuma Basin, one of Africa’s largest natural gas regions.  The Mozambique Technology Center, known as CTM, is expected to train local workers for technical roles that have often been filled by foreign specialists. Officials…

Oluwatosin Alao Oluwatosin Alao

Uganda eyes first Sukuk to fund $3.2 billion railway expansion

Uganda plans its first sovereign sukuk to fund a $3.2 billion railway linking Kampala to Mombasa, boosting East African trade.

Timilehin Adejumobi Timilehin Adejumobi

Swiss-Tanzanian investor Patrick Schegg set for $1.8 million CRDB Bank dividend

Patrick Schegg set for $1.8 million payout as CRDB Bank raises dividend 38% on strong 2025 earnings and sustained customer growth.

Feyisayo Ajayi Feyisayo Ajayi

10 female CEOs redefining Africa’s banking industry

Meet 10 female CEOs leading Africa’s top banks, driving digital banking, profits, financial inclusion and regional expansion.

Timilehin Adejumobi Timilehin Adejumobi

Ralph Mupita leads MTN to $3.4 billion revenue in Q1 2026 as Nigeria, Ghana drive growth

MTN posts $3.4 4 billion in Q1 2026 revenue as Nigeria, Ghana fuel growth, driven by data, fintech and rising subscriber expansion.

Feyisayo Ajayi Feyisayo Ajayi

Canal+ to debut on JSE in $3 billion listing

Canal+ will debut on the Johannesburg Stock Exchange in a $3 billion listing tied to its MultiChoice takeover.

Timilehin Adejumobi Timilehin Adejumobi

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion Just Eat revenue

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion revenue from Just Eat within a year as it streamlines operations.

Omokolade Ajayi Omokolade Ajayi

Macron unveils $27 billion Africa fund to rival China’s growing influence

French President Emmanuel Macron has unveiled a €23 billion ($27 billion) investment plan for Africa, targeting energy, agriculture, digital infrastructure and maritime industries as France looks to strengthen economic ties across the continent and push back against China’s growing influence.  The announcement was made during the Africa Forward summit in Nairobi, where African leaders, investors and business executives gathered to discuss trade, infrastructure and investment opportunities in some of the world’s fastest-growing economies.  Macron said the package would combine €14…

Oluwatosin Alao Oluwatosin Alao