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.

Top 10 Africa’s biggest companies by assets

Africa’s top firms drive economic growth, innovation, and global trade, with banking, telecom, and energy giants shaping the continent’s business…

Feyisayo Ajayi Feyisayo Ajayi

TMG Group hits $2.4 billion valuation in 2025, eyes Africa’s top REIT spot

At a Glance Cairo-based property powerhouse Talaat Moustafa Group Holding (TMG), led by billionaire Hisham Talaat Moustafa, has added over…

Feyisayo Ajayi Feyisayo Ajayi

Mauritius-based group, FMB Capital’s income tax amounts to $42.3 million across its operating countries

FMB Capital paid $42.3 million in income taxes in 2024, with profits rising 12.8% and total assets growing 36% across…

Feyisayo Ajayi Feyisayo Ajayi
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Latest Business News

Nigerian insurance tycoon Wole Oshin bags N4.7 billion payout from Custodian

Wole Oshin bags N4.7 billion ($3.5 million) payout as Custodian Investment approves N16.17 billion dividend after strong 2025 earnings and revenue growth.

Feyisayo Ajayi Feyisayo Ajayi

Air Tanzania to launch direct UK flights to Zanzibar, Kilimanjaro in 2027

Air Tanzania is set to begin direct flights between the United Kingdom and Tanzania in July 2027, opening a faster route between Europe and two of East Africa’s leading tourism destinations.  The state-owned airline said it will operate nonstop flights from London Gatwick to Kilimanjaro International Airport, a key gateway for travelers heading to Tanzania’s safari circuit and Mount Kilimanjaro. The carrier also plans to introduce direct flights to Zanzibar as it looks to attract more British holidaymakers seeking beach…

Oluwatosin Alao Oluwatosin Alao

Ashraf Sabry’s Fawry secures Egypt TPA license, expands into healthcare

Fawry secures Egypt TPA license via Treemed, launching Fawry Healthcare to digitize claims, payments, and healthcare access.

Timilehin Adejumobi Timilehin Adejumobi

Meet Uzziel Ndagijimana: CEO of Rwanda’s largest financial group managing $2 billion in assets

Uzziel Ndagijimana leads BK Group after serving as Rwanda’s finance minister, overseeing $2 billion assets and expanding Rwanda’s largest financial group.

Timilehin Adejumobi Timilehin Adejumobi

Zimbabwe’s Mutapa Investment Fund eyes $250 million to boost gold production

Zimbabwe’s Mutapa Fund seeks $250 million to expand gold mining as output targets rise through 2028.

Timilehin Adejumobi Timilehin Adejumobi

Gary Nagle: South African executive leading $90 billion London-listed giant, Glencore

Glencore CEO Gary Nagle leads a $90 billion commodity giant reporting stronger earnings and expanding copper projects worldwide.

Omokolade Ajayi Omokolade Ajayi

Vodacom targets 275 million Africans in major expansion push

Vodacom Group, a leading African connectivity, digital and financial services company, has raised its medium-term target to 275 million customers by 2030, as it steps up efforts to expand across a rapidly changing telecom and mobile payments landscape in Africa.  The updated goal reflects a wider push by the group to grow its customer base in markets where demand for data, mobile money and digital services continues to climb. It also signals a shift in focus toward deeper market penetration…

Oluwatosin Alao Oluwatosin Alao

Nigerian clergyman Victor Olaiya to receive N1 billion, 24.3 million bonus shares from NAHCO

NAHCO proposes N1 billion payout, bonus shares as Olaiya’s stake surges ahead of May 15 AGM in Lagos.

Feyisayo Ajayi Feyisayo Ajayi

Westbrooke secures $102 million for UK private equity push with South African capital

Westbrooke raises £75 million ($102 million) in a UK private equity fund backed by South African investors targeting mid-market companies.

Omokolade Ajayi Omokolade Ajayi