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 African tycoons in the sugar industry

Africa’s sugar industry is shaped by billionaires like Dangote, Rabiu, and Rebrab, driving self-sufficiency, jobs, and agribusiness growth.

Feyisayo Ajayi Feyisayo Ajayi

Nigeria’s Shoprite shuts all stores after 20 years despite local takeover

The closure follows years of financial pressure on Retail Supermarkets Nigeria Limited (RSNL), the operator of the brand in the…

Omokolade Ajayi Omokolade Ajayi

Basata Holding commits $7 million investment to boost Egypt’s growth

Basata invests $7 million to expand fintech leadership, drive Egypt’s digital finance growth, and boost MENA reach.

Timilehin Adejumobi Timilehin Adejumobi
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Fresh investors eye Madagascar nickel mine after Sumitomo exit

Global investors are taking a closer look at Africa’s critical minerals sector as demand for battery metals continues to rise and supply chains remain tight. Nickel, used in electric vehicle batteries and stainless steel, has regained attention among commodity traders and mining investors. That shift in sentiment has placed Madagascar’s Ambatovy nickel project back in focus following a change in its ownership structure involving a group led by experienced mining executives and financiers.  The renewed interest comes as the global…

Oluwatosin Alao Oluwatosin Alao

South African executive Luvuyo Masinda sees earnings jump 251% to nearly $3 million in 2025

Standard Bank executive Luvuyo Masinda’s earnings jumped 251% to $2.66 million in 2025 after his promotion to lead corporate banking.

Feyisayo Ajayi Feyisayo Ajayi

How Choppies’ founder Ramachandran Ottapathu built a regional retail empire across Southern Africa

Retail entrepreneurs can learn scaling discipline from Choppies founder Ramachandran Ottapathu’s mass-market, supply-driven strategy.

Feyisayo Ajayi Feyisayo Ajayi

Nancy Njau: Kenyan banker behind Family Bank’s $1.6 billion asset growth

Kenyan banker Nancy Njau leads Family Bank to $1.6 billion assets, driving SME growth and preparing for NSE listing in 2026.

Timilehin Adejumobi Timilehin Adejumobi

Parent of Serena Hotels sees profit decline to $6.1 million as FX gains fade in Kenya

TPS Eastern Africa profit falls 40% to $6.1 million as FX gains fade, while revenue remains stable amid tourism resilience in Kenya.

Feyisayo Ajayi Feyisayo Ajayi

African Rail Co. backs South Africa freight rail expansion with $170 million

African Rail Co. plans a $170 million investment to expand freight rail services across South Africa and Southern Africa.

Timilehin Adejumobi Timilehin Adejumobi

Nigerian billionaire Tony Elumelu’s Seplat stake tops $1 billion on share rally

Tony Elumelu’s Seplat stake tops $1 billion as shares surge, boosting valuation and reinforcing his influence in Africa’s energy sector.

Omokolade Ajayi Omokolade Ajayi

First Quantum turns acid supplier as Hormuz disruptions hit Zambia

First Quantum plans sulfuric acid sales in Zambia as Hormuz disruptions and global shortages tighten copper supply chains.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s Clientèle plans JSE exit amid low liquidity with premium share offer

Clientele plans JSE delisting with R19.9 ($1.18) share buyback, offering a 25.47% premium to unlock shareholder value.

Feyisayo Ajayi Feyisayo Ajayi