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.

Mukuru and Travelex team up to boost cash access in South Africa

Mukuru partners with Travelex to expand cash access across South Africa, offering faster, secure, and convenient remittance payouts.

Oluwatosin Alao Oluwatosin Alao

Meet top Capitec Bank shareholders controlling $12.3 billion in shares

Capitec Bank’s biggest shareholders control $12.3 billion in stock, reflecting the South African lender’s scale, profits and investor confidence.

Feyisayo Ajayi Feyisayo Ajayi

10 of Africa’s largest deep sea ports

Africa’s deep-sea ports are evolving into high-capacity trade hubs as investments, new routes and automation accelerate container and bulk flows…

Feyisayo Ajayi Feyisayo Ajayi
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South Africa’s SPAR exits UK market in $17.4 million disposal deal

SPAR Group exits UK in $17.4 million disposal, selling 71 stores as it shifts focus to Africa and Ireland, cutting debt and restructuring.

Timilehin Adejumobi Timilehin Adejumobi

Egypt’s Fawry targets fintech acquisitions worth $2.4 million

Fawry is in talks to acquire $2.4 million tech firms to expand its fintech ecosystem and strengthen Egypt payments infrastructure deal push grows

Feyisayo Ajayi Feyisayo Ajayi

Hilton expands South Africa footprint with new KwaZulu-Natal Tapestry hotel

Hilton is expanding deeper into South Africa’s tourism market with a new hotel project in KwaZulu-Natal, a province known for its wildlife, beaches and cultural attractions.  The global hospitality group announced the signing of Umfolozi River Hotel, KwaZulu-Natal, Tapestry Collection by Hilton, in partnership with Umfolozi Hotel and Spa. The hotel will be built in Mtubatuba in northern KwaZulu-Natal and is expected to open in 2028.  The agreement comes as major international hotel brands increase investment across Africa, betting on…

Oluwatosin Alao Oluwatosin Alao

MTN Group CEO Ralph Mupita takes $6 million pay in 2025

MTN Group CEO Ralph Mupita's pay rose 53% to nearly $6 million in 2025 as profit rebounded to $2.8 billion on strong group performance and recovery

Feyisayo Ajayi Feyisayo Ajayi

Nigerian oil tycoon Mohammed Indimi set to earn $1 million dividend in 2025

Oil tycoon Mohammed Indimi to bag $1.05 million dividend from Jaiz Bank in 2025 after strong earnings and rising shareholder payouts report.

Feyisayo Ajayi Feyisayo Ajayi

Absa eyes yuan platform amid booming China-Africa trade

China’s growing trade ties with Africa are pushing some of the continent’s biggest lenders to rethink how cross-border payments are handled. As businesses search for faster and cheaper ways to pay Chinese suppliers, banks are beginning to look beyond the U.S. dollar.  Absa Group, the Johannesburg-based financial services provider, is among the latest lenders considering a direct link to China’s Cross-Border Interbank Payment System, known as CIPS. The platform allows financial institutions to settle transactions directly in Chinese yuan, reducing…

Oluwatosin Alao Oluwatosin Alao

Anglo American plans $3.8 billion sale of Australian coal mines 

Anglo American agrees to sell its Australian coal mines for up to $3.88 billion, accelerating its shift toward copper and debt reduction.

Timilehin Adejumobi Timilehin Adejumobi

Africa’s richest man, Aliko Dangote, expands Ethiopia fertiliser bet to over $4 billion

Dangote raises Ethiopia fertiliser investment above $4 billion, expanding integrated agro-industrial production infrastructure project.

Feyisayo Ajayi Feyisayo Ajayi

Safaricom’s licence costs rose to $127 million after securing a 25-year permit in Kenya

Safaricom pays $127 million for 25-year licence, boosting regulatory certainty and supporting long-term telecom, broadband and fintech growth.

Feyisayo Ajayi Feyisayo Ajayi