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 5 biggest South African investments of J.P. Morgan

JP Morgan’s top investments in South Africa's growth, focus on retail, mining, food services, and financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi

Kenya’s Makueni County gets new I&M Bank branch as group assets hit $5.3 billion

The move reflects the bank’s steady push to serve underserved markets while reinforcing its position among Kenya’s mid-tier financial institutions.

Omokolade Ajayi Omokolade Ajayi

Karl Toriola-led MTN Nigeria posts $3.8 billion in revenue, returns to profitability

MTN Nigeria posts $3.8 billion revenue in 2025, reversing losses as data, fintech and FX stability drive profit rebound.

Feyisayo Ajayi Feyisayo Ajayi
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Latest Business News

Nigerian billionaire Abdul Samad Rabiu’s net worth hits $14 billion

Abdul Samad Rabiu’s net worth rises to $14 billion as gains in BUA Cement and BUA Foods strengthen his position among Africa’s richest billionaires.

Omokolade Ajayi Omokolade Ajayi

Transcorp Power posts $22 million Q1 profit, assets top $450 million

Transcorp Power posts N29.7 billion ($22 million) profit in Q1 2026 as gas shortages hit output, while assets rise above $450 million despite revenue pressure.

Omokolade Ajayi Omokolade Ajayi

South Africa’s richest man, Johann Rupert, loses $900 million as Richemont shares fall

South African billionaire Johann Rupert loses $900 million in 10 days as Richemont shares fall, cutting his net worth.

Omokolade Ajayi Omokolade Ajayi

ZITF 2026 generates over $600 million in business on record demand

Zimbabwe’s ZITF 2026 secures $600m in deals, with record participation, full capacity use and strong investor interest.

Timilehin Adejumobi Timilehin Adejumobi

Ninety One joins top investors in MTN Group with more than $1 billion stake

Ninety One lifts MTN stake above $1 billion, joining top shareholders as investor confidence in Africa’s telecom giant strengthens.

Feyisayo Ajayi Feyisayo Ajayi

Nokia opens Cairo hub to expand operations across Africa and Middle East

Nokia is expanding its presence in Egypt, choosing Cairo as the base for a new regional operations hub that will support customers across the Middle East and Africa.  The decision comes as telecom companies face rising demand for stronger networks, faster response times and more reliable digital services. Growth in 5G, wider cloud adoption and heavier data use are pushing operators to invest in systems that can handle more complex network needs.  For Nokia, Cairo offers practical advantages. Egypt sits…

Oluwatosin Alao Oluwatosin Alao

Meet Rita Kavashe: Kenyan executive leading East Africa’s auto giant, Isuzu East Africa

Rita Kavashe leads Isuzu East Africa, driving expansion, local production growth and regional automotive market leadership across East Africa.

Timilehin Adejumobi Timilehin Adejumobi

UBA posts $591 million gross earnings in Q1 2026 as recovery gains pace

UBA reports $591 million gross earnings in Q1 2026. FX recovery, lower impairments, and rising deposits strengthen its financial position.

Omokolade Ajayi Omokolade Ajayi

Kenny Fihla: Johannesburg-born banker leading $125 billion pan-African banking giant, Absa Group

Kenny Fihla leads Absa Group, a pan-African bank with over 125 billion in assets, driving earnings growth and balance sheet strength.

Omokolade Ajayi Omokolade Ajayi