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 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.

Feyisayo Ajayi Feyisayo Ajayi

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since…

Omokolade Ajayi Omokolade Ajayi

Kenya banker James Mwangi leads Equity Group to $555.4 million profit in 2025

Kenya’s Equity Group reports $555.4 million profit in 2025, driven by regional diversification and strong income growth.

Feyisayo Ajayi Feyisayo Ajayi
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South African tech tycoon Zak Calisto set for $27 million dividend from Karooooo

Karooooo plans a $46 million dividend payout, boosting South African billionaire Zak Calisto’s earnings to $26.9 million.

Feyisayo Ajayi Feyisayo Ajayi

NNPC accuses Dangote refinery of monopoly claims as refinery private placement draws $2 billion

NNPC accuses Dangote refinery of monopoly claims as dispute over import licences and fuel supply intensifies in Nigeria.

Omokolade Ajayi Omokolade Ajayi

Cape Town-based executive Alan Keet steers Apex Group to $300 billion in South African assets under administration

Alan Keet leads Apex Group’s South African platform to R5 trillion ($300 billion) in assets under administration.

Omokolade Ajayi Omokolade Ajayi

South Africa’s Investec seeks Irish banking license in global push

Investec, the South African- and UK-listed lender, is pushing deeper into Europe’s financial system with an application for a full banking licence in Ireland, a move that would expand its access to clients across the European Union as the industry continues to adjust to post-Brexit rules. The lender already operates in Dublin, where it offers treasury services, derivatives and investment products. A full licence from the Central Bank of Ireland would allow it to add lending, deposit-taking and everyday transactional…

Oluwatosin Alao Oluwatosin Alao

Johann Rupert’s Richemont profit in 2026 tops $4 billion on booming Cartier jewellery sales

Richemont profit topped $4 billion in 2026 as Cartier jewellery demand lifted annual sales to $26 billion.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Putprop sells Pretoria asset for $1.8 million in portfolio reshuffle

Putprop sells Pretoria industrial asset for $1.8 million, advancing portfolio reshuffle and reinvestment into higher-yielding properties.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Efora Energy faces liquidation as JSE suspends shares

South Africa’s Efora Energy Limited is set for liquidation after years of name changes, asset sales and strategic shifts that ultimately failed to secure long-term financial stability. The Johannesburg Stock Exchange (JSE)-listed company now finds itself suspended from trading, with uncertainty mounting over its ability to meet obligations.  The development marks a sharp downturn for a group that once positioned itself as a pan-African oil and gas investor. Market watchers say the case highlights ongoing pressure on smaller energy firms…

Oluwatosin Alao Oluwatosin Alao

China’s Chalco bets $1 billion on Guinea alumina plant project

China’s Chalco plans a $1 billion alumina refinery in Guinea, deepening Africa’s role in the global aluminum supply chain.

Timilehin Adejumobi Timilehin Adejumobi

Nigerian monarch Lamido Sanusi’s MTN board pay may top N500 million in 2026 on stronger earnings

Nigerian monarch Lamido Sanusi, Emir of Kano, could earn above N500 million in 2026 as MTN Group performance strengthens.

Omokolade Ajayi Omokolade Ajayi