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 politician Atiku Abubakar owns these 7 companies

Explore seven businesses owned by Atiku Abubakar driving growth across education, agriculture, media, and FMCG in Nigeria.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s Nafasi Water lands $9.5 million Norfund investment

Nafasi Water secures $9.5 million from Norfund to expand water reuse, mining rehabilitation, and infrastructure across Southern Africa.

Timilehin Adejumobi Timilehin Adejumobi

Why Capitec boosted Gerrie Fourie’s pay 59% to nearly $6 million in his final year as CEO

Capitec lifted Gerrie Fourie’s pay 59% to $5.62 million in 2025 after strong profit growth and a decade of rapid…

Feyisayo Ajayi Feyisayo Ajayi
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Latest Business News

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.

Omokolade Ajayi Omokolade Ajayi

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.

Feyisayo Ajayi Feyisayo Ajayi

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

Aliko Dangote becomes first African, first Black billionaire worth over $30 billion

Aliko Dangote becomes first African and first Black billionaire worth over 30 billion dollars, with net worth rising to $30.3 billion according to Forbes.

Omokolade Ajayi Omokolade Ajayi

Cygnum Capital’s FEI-OnGrid targets $750 million to expand Africa clean energy investments

FEI-OnGrid targets $750 million fund to scale decentralized renewable energy investments, boosting electricity access across underserved African markets.

Feyisayo Ajayi Feyisayo Ajayi

Uganda eyes fresh oil licensing round to boost energy investment

Uganda prepares a new oil licensing round in 2026, opening fresh blocks to investors as it targets production growth and reserves expansion.

Timilehin Adejumobi Timilehin Adejumobi

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

LUX Island Resorts posts $191 million revenue in 9M 2026, with higher profit, stronger occupancy, and asset base rising to $437 million.

Omokolade Ajayi Omokolade Ajayi

Zanzibar plans national airline to boost tourism growth    

Zanzibar is exploring a national airline to ease travel access, attract global investors and strengthen tourism growth.

Timilehin Adejumobi Timilehin Adejumobi

Meet Nthabeleng Likotsi: South Africa’s first Black female bank owner

Nthabeleng Likotsi becomes South Africa’s first Black woman bank owner, leading eNL Mutual Bank’s push for financial inclusion.

Timilehin Adejumobi Timilehin Adejumobi