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.

Nigerian billionaires Elumelu, Rabiu meet Macron to strengthen Africa-France ties

The meeting comes as Nigeria’s economy shows signs of steady improvement.

Omokolade Ajayi Omokolade Ajayi

Cape Town cruise tourism surges 35%, boosting Western Cape economy

Cape Town’s cruise tourism rises 35% in 2024/25, fueling a $103-million boost to Western Cape’s economy with more ships, passengers,…

Timilehin Adejumobi Timilehin Adejumobi

Botswana, Oman strike energy, mining deals to boost Africa ties

Botswana signs energy and mining deals with Oman to cut diamond reliance and boost investment in renewables and minerals.

Oluwatosin Alao Oluwatosin Alao
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South Africa regulator strips HSBC of forex license after 30 years

South African Reserve Bank Financial Surveillance Department has revoked the Johannesburg branch of HSBC as an authorised foreign exchange dealer, ending a relationship that stretched for more than three decades. The decision removes one of the lender’s remaining regulatory links to the country.  The move reflects a broader shift among global banks reassessing their presence in parts of Africa and other emerging markets. Many lenders have been narrowing operations to focus on core regions with higher returns and simpler regulatory…

Oluwatosin Alao Oluwatosin Alao

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

Calgro M3 breaks ground on $1 billion Bankenveld City near Sandton

Calgro M3 starts $1 billion Bankenveld City near Sandton, a mixed-use development set to deliver 20,000 homes and infrastructure in Johannesburg.

Timilehin Adejumobi Timilehin Adejumobi

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