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.

FCMB Capital Markets leads FMDQ Sponsors’ league table in 2025 with $1.1 billion raised

According to FMDQ’s report, FCMB Capital Markets led sponsor contributions across both bond listings and commercial paper quotations.

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Top 15 supermarkets in Mauritius

Mauritius’ supermarket sector is expanding fast as rising incomes, global tastes, and digital grocery trends reshape how consumers shop across…

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Wema Bank secures $5.9 million Proparco guarantee for MSME loans

Proparco partners with Wema Bank to deploy $5.9 million guarantee, boosting Nigerian MSME financing and economic growth.

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Tony Elumelu’s Transcorp posts Q1 profit above $27 million on hospitality gains

Transcorp, led by Tony Elumelu, posts N37.9 billion ($27.6 million) Q1 profit, with hospitality gains offsetting weaker power revenue.

Omokolade Ajayi Omokolade Ajayi

Canal+ to debut on Johannesburg Stock Exchange on June 3

Canal+ will list on the Johannesburg Stock Exchange on June 3, 2026, expanding its African footprint as it integrates MultiChoice and strengthens regional media operations.

Timilehin Adejumobi Timilehin Adejumobi

Standard Chartered secures $2.33 billion for Tanzania railway    

Standard Chartered has led a $2.33 billion financing package for Tanzania’s Standard Gauge Railway, supporting a major East African infrastructure push.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s Capitec brings back former CEO Gerrie Fourie to board after cooling-off period

Capitec reappoints former CEO Gerrie Fourie to board after cooling-off period, strengthening governance and continuity amid strong earnings growth.

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Julius Mwale’s $2 billion smart-city bet: Rise, ambition, questions surrounding Kenya’s developer

Julius Mwale advances a $2 billion healthcare-led smart city in Kenya, pitching a scalable model while facing scrutiny over execution and scale.

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Alain Nkontchou’s Enko Capital backs Angola solar projects with $100 million

Enko Capital deploys $100M fund into Angola’s 72.4MW Luneta solar project, boosting renewable energy capacity and private credit use.

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Indian billionaire Sunil Bharti Mittal’s final corporate move sets up $2B Airtel Money IPO

Airtel Africa, led by Sunil Bharti Mittal, plans Airtel Money IPO that could raise up to $2 billion amid a 2026 leadership transition.

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IFC, Norfund back $83.2 million Nigeria energy push to reach 500,000 users

Nearly half a million Nigerian households are set to gain power access as IFC and Norfund commit $83.2 million to expand off-grid solar energy systems nationwide.

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IFC plans $59 million telecom tower financing for Eastcastle in DR Congo

IFC considers $59 million for Eastcastle to expand telecom towers in DR Congo, boosting connectivity and digital inclusion.

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