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.

Algeria kicks off oil, gas licensing round to expand Africa supply

Algeria unveils 2026 oil and gas bid round, offering seven blocks to boost output, attract investors and strengthen Africa’s energy…

Timilehin Adejumobi Timilehin Adejumobi

MTN, South African telecom giant, sees market cap increase to $13.3 billion

MTN’s market cap hits $13.3 billion on strong Q1 earnings, driven by Nigeria and Ghana growth, boosting Africa’s largest telecom.

Omokolade Ajayi Omokolade Ajayi

Ugandan entrepreneur Simpson Birungi’s Movit to receive $20 million backing for expansion

IFC is weighing up to $20 million for Uganda’s Movit Products to expand manufacturing into Tanzania and scale operations in…

Feyisayo Ajayi Feyisayo Ajayi
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Latest Business News

South African businessman Robert Gumede’s Vision Group to secure Tongaat assets ahead of liquidation hearing

Vision Group moves to secure Tongaat assets as liquidation hearing looms, aiming to protect creditor interests and preserve regional operations.

Feyisayo Ajayi Feyisayo Ajayi

Lowe’s, led by Black executive Marvin Ellison, opens 2026 with $23 billion in sales as margins narrow

Lowe’s posts $23.1 billion Q1 2026 sales as margins narrow; online growth, Pro demand offset housing market pressure.

Feyisayo Ajayi Feyisayo Ajayi

Angola raises $1.5 billion in fresh Eurobond deal amid Africa funding push

Angola raises $1.5bn in its second Eurobond of 2026 amid strong investor demand and renewed Africa funding momentum.

Timilehin Adejumobi Timilehin Adejumobi

AfCFTA Secretariat, Ecobank sign deal to boost intra-African trade, SMEs  

AfCFTA and Ecobank sign deal to boost intra-African trade and SME finance, supporting $3 billion funding for Africa’s regional markets.

Timilehin Adejumobi Timilehin Adejumobi

Afentra targets Angola exploration wells by 2027, eyes Africa oil growth

Afentra plc is stepping up its expansion plans in Angola as higher crude prices and renewed interest in African energy assets improve the outlook for exploration across the region.  The company, which recently ended takeover talks with potential buyers, is turning its attention to both offshore discoveries and onshore drilling prospects in Angola, sub-Saharan Africa’s second-largest oil producer. The move comes as energy companies revisit African projects amid supply concerns linked to tensions in the Middle East and uncertainty around…

Oluwatosin Alao Oluwatosin Alao

Finergreen exits Africa as local teams take over operations

Finergreen exits Africa, selling operations in Abidjan, Nairobi and Cape Town as local teams launch Amara and Honeywood brands.

Timilehin Adejumobi Timilehin Adejumobi

Shuka Minerals hits 65.7% zinc grade at Zambia’s Kabwe mine after takeover

Shuka Minerals hits 65.7% zinc at Zambia’s Kabwe mine, boosting resource expansion outlook and strengthening project economics.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Eskom explores World Bank backing for multibillion-dollar nuclear build

Eskom explores World Bank support for a multibillion-dollar nuclear project aiming to add up to 5,200 megawatts to South Africa’s power grid.

Omokolade Ajayi Omokolade Ajayi

Vodacom CEO Shameel Joosub pockets $2.4 million salary in 2025 

Vodacom CEO Shameel Joosub pockets $2.4 million in 2025, up 15%, as profits and Africa expansion drive growth.

Timilehin Adejumobi Timilehin Adejumobi