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.

Africa’s richest club owners influence global football industry

African billionaires including Patrice Motsepe and Nassef Sawiris are reshaping global football through club ownership, and investments.

Timilehin Adejumobi Timilehin Adejumobi

Abdul Samad Rabiu’s son, Khalifa, takes leadership role at BUA Foods

Khalifa Rabiu joins BUA Foods as Chief Officer, driving global procurement, supply chain efficiency, and growth for Nigeria’s $10.6 billion…

Omokolade Ajayi Omokolade Ajayi

Dangote Cement maintains top status on the Nigerian Exchange with $5.26 billion market cap

Dangote Cement tops Nigerian Exchange, valued at $5.26 billion, with 69% revenue growth and solid pan-African expansion.

Feyisayo Ajayi Feyisayo Ajayi
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Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

Tony Elumelu urges equal partnerships, jobs, electricity, and infrastructure to unlock Africa’s youth potential at Africa Forward Summit.

Editorial Team Editorial Team

Starlink secures Uganda license for satellite internet rollout 

Uganda grants a license to Starlink, clearing the way for satellite broadband rollout led by SpaceX.

Timilehin Adejumobi Timilehin Adejumobi

Kenya’s Credit Bank wins bid to sell properties tied to Mui Basin coal project

Kenya’s Credit Bank wins court approval to recover Ksh80 million ($618,529) from Mui Basin coal investors through sale of Uthiru properties, ruling says. High Court.

Feyisayo Ajayi Feyisayo Ajayi

10 biggest farms in Egypt

Egypt’s largest farms span desert reclamation and Nile corridors, boosting food security, exports and agribusiness growth nationwide today.

Feyisayo Ajayi Feyisayo Ajayi

FNB, Pick n Pay roll out $35 million rewards boost for shoppers

South African consumers under pressure from rising food and living costs are increasingly turning to rewards programs to stretch household budgets, pushing retailers and banks to deepen partnerships built around everyday spending. First National Bank, a unit of FirstRand, and Pick n Pay Stores Ltd., the South African grocery chain said their joint eBucks initiative has delivered more than $35 million in customer rewards since launching a year ago, highlighting growing demand for savings linked to groceries and daily purchases. …

Oluwatosin Alao Oluwatosin Alao

Varun Beverages launches $20 million Cheetos factory in Zimbabwe

Varun Beverages Zimbabwe, a key PepsiCo bottling and franchise partner and one of its largest operations outside the United States, has opened a $20 million Cheetos manufacturing plant in Harare. The project marks a shift toward local food production as the company expands beyond beverage bottling into snacks manufacturing.  The plant was inaugurated by Zimbabwe President Emmerson Dambudzo Mnangagwa, reflecting the government’s focus on industrial growth, import substitution and building domestic value chains. Officials say the investment supports efforts to…

Oluwatosin Alao Oluwatosin Alao

Koryx Copper expands Namibia’s Haib project with strong drill results

Koryx Copper reports strong drill results at Namibia’s Haib project, expanding mineralization and advancing 2026 development studies program.

Feyisayo Ajayi Feyisayo Ajayi

Jaiz Bank posts $5.7 million Q1 2026 profit after regulatory delays

Jaiz Bank posts $5.72 million Q1 profit, driven by sukuk income, rising deposits, and growing demand for Islamic banking products.

Feyisayo Ajayi Feyisayo Ajayi

Capital Hotels, IDC invest $16.2 million in Gqeberha as hospitality moves beyond cities

Capital Hotels and IDC open a $16.2 million Gqeberha hotel, as South Africa’s hospitality sector expands beyond major cities.

Timilehin Adejumobi Timilehin Adejumobi