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.

Kenyan businessman Suresh Bhagwanji Shah set for Ksh394 million payout from I&M Group profits

Shah, a founding member and non-executive director of Nairobi-based I&M Group, owns 10.58 percent of the group, representing 174,947,573 shares.

Omokolade Ajayi Omokolade Ajayi

10 high-tax countries in Africa

A breakdown of Africa’s 10 highest personal income tax countries and how elevated rates shape wealth decisions and capital flows.

Feyisayo Ajayi Feyisayo Ajayi

Kavango Resources lands $8.4 million to advance Zimbabwe gold exploration

Kavango funding boosts Zimbabwe gold exploration strategy

Timilehin Adejumobi Timilehin Adejumobi
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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

UBA plans 2026 dividend return as loan recovery efforts gain pace

UBA targets 2026 dividend return as loan recoveries improve after a N331 billion ($241.3 million) provision hit 2025 profit.

Omokolade Ajayi Omokolade Ajayi

South African billionaire Patrice Motsepe’s ARM signs Boliden nickel deal to restart Nkomati mine

ARM signs nickel offtake deal with Boliden, advancing plans to restart South Africa’s Nkomati mine and secure European supply chain access.

Feyisayo Ajayi Feyisayo Ajayi

Nigeria’s Stanbic IBTC Holdings opens 2026 with $84 million profit

Stanbic IBTC posts $84 million Q1 2026 profit, driven by trading gains, rising fees, and strong non-interest income growth.

Feyisayo Ajayi Feyisayo Ajayi

Standard Bank expands cashless branches as digital banking surges      

Standard Bank has expanded to 234 cashless branches as digital banking adoption surges, cutting costs and reshaping how customers access services.

Timilehin Adejumobi Timilehin Adejumobi

Nigeria’s CAP Plc crosses $1 million Q1 profit mark for the first time, under Folasope Aiyesimoju

Nigeria’s CAP Plc crossed $1M Q1 2026 profit for first time, driven by 38% earnings growth under chairman Folasope Aiyesimoju leadership momentum

Feyisayo Ajayi Feyisayo Ajayi

Axian Telecom taps $500 billion U.S. software giant, Oracle, to modernize African operations

Axian Telecom partners with Oracle to strengthen operations across Africa as profit rises to $226.3 million and expansion plans accelerate.

Omokolade Ajayi Omokolade Ajayi

Nigerian lawyer Sa’adat Mohammed’s Jaiz Bank stake slips below $30 million amid delays in audited report

Sa’adat Mohammed’s Jaiz Bank stake drops below $30 million as share slump and delayed 2025 results weigh on investor confidence.

Feyisayo Ajayi Feyisayo Ajayi

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