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.

Uganda signs $2 billion deal to expand oil infrastructure and pipelines

Uganda secures $2 billion deal with Vitol to expand oil storage, pipelines, and refineries, aiming for regional energy hub status.

Feyisayo Ajayi Feyisayo Ajayi

10 biggest aviation carriers in Africa

Africa’s top airlines rebound in 2024 as passenger traffic, cargo demand and state investment drive expansion across global routes and…

Feyisayo Ajayi Feyisayo Ajayi

How Addis Ababa attracts business luxury travelers

Addis Ababa emerges as Africa’s hub for luxury business travel.

Timilehin Adejumobi Timilehin Adejumobi
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Latest Business News

NCBA shareholders to get $16.3 cash plus Nedbank shares under $856 million takeover offer

Nedbank advances NCBA takeover, offering shareholders cash payouts and Johannesburg-listed shares under proposed acquisition.

Feyisayo Ajayi Feyisayo Ajayi

Africa’s richest club owners influence global football industry

Africa’s richest football club owners, from Motsepe to Sawiris, reshaping African football through major global investments and clubs.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s Sibanye-Stillwater targets lower debt with $500 million bond offering

Sibanye-Stillwater launched a $500 million bond offering to cut debt and strengthen balance sheet flexibility.

Feyisayo Ajayi Feyisayo Ajayi

African Bank’s $343 million Eskom home loan deal collapses

African Bank’s $343 million Eskom mortgage portfolio acquisition collapsed after key deal conditions were unmet.

Timilehin Adejumobi Timilehin Adejumobi

Ugandan businessman Charles Mbire to pocket $2 million interim dividend from MTN

Charles Mbire set to receive $2.02 million dividend from MTN Uganda as revenue hits $243 million and profit stands at $46 million.

Omokolade Ajayi Omokolade Ajayi

Barrick contractor exits Mali, leaving more than 600 workers without jobs

Mali’s gold sector is facing renewed pressure after a major contractor at Barrick Mining’s Loulo-Gounkoto mining complex moved to end its operations, a decision expected to cost more than 600 workers their jobs and raise fresh concerns about the future of one of Africa’s most important gold assets.  The move comes at a difficult time for Mali, where gold remains a cornerstone of the economy, supporting export earnings, government revenue and thousands of livelihoods. Any disruption at a mine as…

Oluwatosin Alao Oluwatosin Alao

ARM top executives offload $3.1 million in shares following Patrice Motsepe’s retirement

ARM executives sell $3.1M in shares after Motsepe’s chairman transition, signaling governance shift and investor scrutiny.

Feyisayo Ajayi Feyisayo Ajayi

Airtel Africa delays Mobile Money IPO amid Iran War cost pressure  

Airtel Africa delayed the IPO of Airtel Money to late 2026 as Iran war-linked costs rise, even as profit and revenue beat analyst estimates.

Timilehin Adejumobi Timilehin Adejumobi

South African executive Taryn Woodbridge named first female CEO of Mercedes-Benz South Africa

Mercedes-Benz South Africa names Taryn Woodbridge first female CEO, effective June 1, marking a historic leadership milestone at the automaker.

Feyisayo Ajayi Feyisayo Ajayi