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.

20 family-owned giants powering Africa’s industrial growth

Family-owned businesses drive Africa’s growth, blending long-term vision, resilience and capital to shape industries and expand across markets.

Feyisayo Ajayi Feyisayo Ajayi

Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major milestone, becoming Africa’s third-richest person with a net…

Omokolade Ajayi Omokolade Ajayi

Top 20 Africa’s largest malls

Africa’s biggest malls blend retail, dining, and entertainment, driving growth, creating jobs, and transforming shopping across the continent.

Feyisayo Ajayi Feyisayo Ajayi
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Latest Business News

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion ($1.95 billion) in a week as BUA Cement shares rally on strong earnings.

Omokolade Ajayi Omokolade Ajayi

10 most valuable companies on Johannesburg Stock Exchange

JSE’s top firms anchor $250 billion in value, driving growth, resilience, and global investor access to Africa’s largest market.

Feyisayo Ajayi Feyisayo Ajayi

AFC seeks up to $5 billion global financing for Lobito Corridor project

Global lenders back AFC's $5 billion push for Lobito Corridor, linking Central Africa’s copperbelt to Angola’s Atlantic export gateway.

Timilehin Adejumobi Timilehin Adejumobi

Seplat Energy’s Q1 2026 profit rises to $37.9 million on higher oil prices

Seplat Energy profit rises to $37.9 million in first quarter 2026 as higher oil prices and stronger output lift revenue to $840.7 million.

Omokolade Ajayi Omokolade Ajayi

7 women driving South Africa’s healthcare expansion

Seven women are reshaping South Africa’s healthcare sector through surgery, innovation, policy, and global health leadership.

Timilehin Adejumobi Timilehin Adejumobi

UAC of Nigeria posts $10 million Q1 profit as CHI boosts revenue under Fola Aiyesimoju

UAC of Nigeria posts $10m profit, revenue triples as C.H.I. acquisition drives strong Q1 2026 consumer goods growth.

Feyisayo Ajayi Feyisayo Ajayi

South African billionaire Koos Bekker hit by $500 million loss in share slide

The drop follows a steady slide in the shares of Naspers and its Amsterdam-listed unit Prosus, two companies central to his fortune.

Omokolade Ajayi Omokolade Ajayi

Mobile data becomes Zimbabwe telecoms’ biggest business as digital use surges

Zimbabwe’s telecom industry is being reshaped by one clear change: mobile data has become the biggest source of revenue for network operators, reflecting how people now use their phones more for internet access than for traditional calls and text messages.  That change is unfolding as smartphone adoption rises, digital payments become more common, and more consumers rely on streaming platforms, messaging apps and online business tools in their daily lives. Across cities and smaller communities, internet access is becoming a…

Oluwatosin Alao Oluwatosin Alao

9 NSE-listed companies with market cap above $1 billion

Nine NSE-listed companies now exceed $1 billion in value, led by Safaricom, highlighting Kenya’s growing capital market depth.

Timilehin Adejumobi Timilehin Adejumobi