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.

Top 15 largest church congregations in Africa

Africa’s largest churches shape education, media, and society, running top universities and megaschools across the continent.

Feyisayo Ajayi Feyisayo Ajayi

Ivanhoe marks major milestone with first Anode production in DRC

Ivanhoe hits copper milestone with first anode output in DRC

Timilehin Adejumobi Timilehin Adejumobi

South African tycoon Adrian Gore pockets $3 million in H1 2026 dividends from Discovery

Adrian Gore, Discovery co-founder, will receive R50.61M ($3.1M) interim dividends after insurer posts stronger earnings and higher payout growth.

Feyisayo Ajayi Feyisayo Ajayi
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Latest Business News

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in Capitec Bank shares.

Omokolade Ajayi Omokolade Ajayi

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

Access Bank’s acquisition of National Bank of Kenya comes into focus as new Nigerian central bank rules reshape foreign banking exposure.

Omokolade Ajayi Omokolade Ajayi

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Wiese-linked entities execute $57 million Shoprite share swap, expanding derivatives exposure tied to Africa’s largest retailer.

Feyisayo Ajayi Feyisayo Ajayi

Meet Nasim Devji: Kenya’s first female commercial Bank CEO

Nasim Devji, Kenya’s first female commercial bank CEO, has led DTB Group since 2001, driving steady growth across East Africa.

Timilehin Adejumobi Timilehin Adejumobi

Kenya’s Fintrust Securities gets investment banking license

Fintrust Securities secures CMA approval, entering Kenya’s investment banking space with expanded bond trading capabilities.

Timilehin Adejumobi Timilehin Adejumobi

Safaricom posts $570.7 million profit as Ethiopia expansion drives growth in 2026

Safaricom reports $570.7 million profit as Ethiopia expansion and M-PESA growth lift revenue to $3.31 billion for FY26, data growth rise trend

Feyisayo Ajayi Feyisayo Ajayi

Angola, Gabon deepen ties with new cooperation agreements across Africa

Africa’s growing focus on regional cooperation was on display this week as Angola and Gabon signed new agreements aimed at expanding trade, strengthening investment ties and building industries beyond oil.  The accords, reached during high-level talks in Luanda, reflect a wider shift across the continent as resource-rich nations work to broaden their economies, create jobs and reduce long-standing dependence on crude exports.  For Angola and Gabon, both major oil producers in Central Africa, the partnership is also about practical economic…

Oluwatosin Alao Oluwatosin Alao

Tharisa expands South Africa mining projects with new contract

Tharisa signs a five-year deal with Cementation Africa to expand underground mining at its Rustenburg chrome and PGM operations in South Africa.

Timilehin Adejumobi Timilehin Adejumobi

Trafigura partners Egyptalum, MIH on $900 million Egypt smelter deal

Trafigura teams with Egyptalum and MIH on a $900 million aluminium smelter project aimed at doubling capacity in Egypt.

Timilehin Adejumobi Timilehin Adejumobi