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.

Gabon targets new BP, Exxon partnerships to boost offshore output

Gabon moves to sign BP, Exxon deals to boost offshore oil output, attract investment and strengthen energy sector growth.

Oluwatosin Alao Oluwatosin Alao

Vodafone Kenya’s holdings in Safaricom gains $714.4 million in 2024

Safaricom leads NSE with $5.27 billion market cap, driving Vodafone Kenya's $714.39 million portfolio gain in 2024.

Feyisayo Ajayi Feyisayo Ajayi

10 listed pharmaceutical firms in Africa

Africa’s drug industry is set to double by 2032, as policy reforms, local manufacturing and rising demand lift leading listed…

Feyisayo Ajayi Feyisayo Ajayi
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Zimbabwean politician Kudakwashe Tagwirei’s Masimba stake gains $2.7 million on 2026 rally

Tagwirei’s Masimba stake rises $2.7 million as shares surge on Zimbabwe Stock Exchange rally, boosting investor confidence.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Tiger Brands taps Apollo Africa in electricity deal

Tiger Brands signs renewable electricity deal with Apollo Africa to power Gauteng factories and cut emissions.

Timilehin Adejumobi Timilehin Adejumobi

South African businessman Robert Gumede’s Vision Group to secure Tongaat assets ahead of liquidation hearing

Vision Group moves to secure Tongaat assets as liquidation hearing looms, aiming to protect creditor interests and preserve regional operations.

Feyisayo Ajayi Feyisayo Ajayi

Lowe’s, led by Black executive Marvin Ellison, opens 2026 with $23 billion in sales as margins narrow

Lowe’s posts $23.1 billion Q1 2026 sales as margins narrow; online growth, Pro demand offset housing market pressure.

Feyisayo Ajayi Feyisayo Ajayi

Angola raises $1.5 billion in fresh Eurobond deal amid Africa funding push

Angola raises $1.5bn in its second Eurobond of 2026 amid strong investor demand and renewed Africa funding momentum.

Timilehin Adejumobi Timilehin Adejumobi

AfCFTA Secretariat, Ecobank sign deal to boost intra-African trade, SMEs  

AfCFTA and Ecobank sign deal to boost intra-African trade and SME finance, supporting $3 billion funding for Africa’s regional markets.

Timilehin Adejumobi Timilehin Adejumobi

Afentra targets Angola exploration wells by 2027, eyes Africa oil growth

Afentra plc is stepping up its expansion plans in Angola as higher crude prices and renewed interest in African energy assets improve the outlook for exploration across the region.  The company, which recently ended takeover talks with potential buyers, is turning its attention to both offshore discoveries and onshore drilling prospects in Angola, sub-Saharan Africa’s second-largest oil producer. The move comes as energy companies revisit African projects amid supply concerns linked to tensions in the Middle East and uncertainty around…

Oluwatosin Alao Oluwatosin Alao

Finergreen exits Africa as local teams take over operations

Finergreen exits Africa, selling operations in Abidjan, Nairobi and Cape Town as local teams launch Amara and Honeywood brands.

Timilehin Adejumobi Timilehin Adejumobi

Ugandan entrepreneur Simpson Birungi’s Movit to receive $20 million backing for expansion

IFC is weighing up to $20 million for Uganda’s Movit Products to expand manufacturing into Tanzania and scale operations in Uganda expansion push

Feyisayo Ajayi Feyisayo Ajayi