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.

IFC backs trade finance facility to boost Angola’s SMEs and supply chains

IFC has launched trade finance facility to support Angolan businesses, particularly small and medium enterprises (SMEs), strengthening cross-border trade

Feyisayo Ajayi Feyisayo Ajayi

Singapore’s GIC stake in Bidvest is now worth $235 million

GIC lifts its stake in South Africa’s Bidvest to $235 million, reinforcing confidence in the group’s diversified industrial and services…

Feyisayo Ajayi Feyisayo Ajayi

LUX Island Resorts posts $191 million revenue, higher profit in 9M 2026

Profit for the period increased to MUR1.21 billion ($25.9 million) from MUR1.06 billion ($22.66 million) in the prior year.

Omokolade Ajayi Omokolade Ajayi
- Advertisement -
Ad imageAd image
Latest Business News

PIC joins top investors in Spear REIT, acquires $22 million stake

PIC has acquired a $22 million stake in Spear REIT, securing 6.557% holding and ranking among top five shareholders in a regulatory filing.

Feyisayo Ajayi Feyisayo Ajayi

Malawi’s FDH Bank posts $85 million profit amid Mozambique expansion

FDH Bank profit nearly doubles to $85 million in 2025, driven by strong lending growth, rising interest income and regional expansion push.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Salungano reports $182 million revenue on stronger coal output

Salungano reports $182 million revenue as coal output and sales surge, boosting profit and strengthening balance sheet.

Feyisayo Ajayi Feyisayo Ajayi

I&M Bank targets wealthy investors with $77 million Kenya bond sale

I&M Bank sets Ksh500,000 ($3,872) entry for $77 million Kenya bond, targeting wealthy investors to boost lending and strengthen capital buffers.

Feyisayo Ajayi Feyisayo Ajayi

Lanzerac Estate sues Apex Bank over $13 million forfeiture tied to Former Steinhoff CEO Markus Jooste

Lanzerac Estate contests SARB’s $13 million forfeiture tied to Jooste-era transactions, raising constitutional questions in Gauteng High Court case

Feyisayo Ajayi Feyisayo Ajayi

South African billionaire Stephen Saad’s Aspen stake nears $500 million after turbulent year

Stephen Saad’s Aspen stake rises $87 million to nearly $500 million as shares rebound after regulatory setbacks and losses.

Feyisayo Ajayi Feyisayo Ajayi

Zimbabwe’s FMHL expands health services with $10 million push

FMHL deploys $10 million into health services as profit recovery strengthens expansion across Southern and Eastern Africa.

Timilehin Adejumobi Timilehin Adejumobi

After $555 million profit, Equity targets Angola, Zambia, Mozambique acquisitions

After over $555 million profit in 2025, Equity Group eyes Angola, Zambia and Mozambique acquisitions as regional expansion accelerates.

Omokolade Ajayi Omokolade Ajayi

Nigerian auto magnate Michael Ade-Ojo’s stake in Custodian Investment tops $70 million

Michael Ade-Ojo’s stake in Custodian Investment surpasses $70 million as dividend strength fuels rising investor demand on Nigeria’s stock market.

Feyisayo Ajayi Feyisayo Ajayi