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 7 investors of City Lodge Hotels

City Lodge Hotels rebounds post-pandemic with over $124 million revenue, strong institutional backing, and strategic shareholder alignment.

Feyisayo Ajayi Feyisayo Ajayi

Nigeria’s leading hospitality group, Transcorp Hotels, beats forecasts with $70 million 2025 revenue

Transcorp Hotels closed 2025 with over $70 million revenue, driven by strong bookings and disciplined cost control.

Omokolade Ajayi Omokolade Ajayi

South Africa’s $5.8 billion Hive project eyes global Green Ammonia market

South Africa’s $5.8 billion Hive project aims to export 1 million tons of green ammonia by 2029, targeting EU and…

Timilehin Adejumobi Timilehin Adejumobi
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Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

The latest investment adds another chapter to Femi Otedola’s repositioning from oil and commodities into banking.

Omokolade Ajayi Omokolade Ajayi

Accor, Shoreline ink Nigeria hotel development agreement  

Accor and Shoreline Group have signed a hotel development deal to build up to 10 hotels across Nigeria, expanding Africa’s hospitality pipeline.

Timilehin Adejumobi Timilehin Adejumobi

Orascom opens 2026 with $53.4 million profit as U.S. backlog doubles to $2.9 billion

Orascom Construction posts $53.4 million Q1 profit; U.S. backlog doubles to $2.9 billion; MEA growth

Feyisayo Ajayi Feyisayo Ajayi

Cementation Africa changes ownership as mining investment rises  

Cementation Africa enters new ownership after its exit from Murray & Roberts, backed by Differential Capital as mining investment recovers.

Timilehin Adejumobi Timilehin Adejumobi

ReconAfrica targets July results from Namibia oil well test at Kavango West

ReconAfrica advances Namibia oil test at Kavango West, with production results expected by mid-to-late July, boosting frontier energy outlook.

Feyisayo Ajayi Feyisayo Ajayi

Ghanaian telecom executive Ebenezer Asante earned $3.2 million from MTN in 2025

MTN executive Ebenezer Asante’s pay jumps 37.6% to $3.2 million in 2025 as telecom giant rebounds to strong profit growth.

Feyisayo Ajayi Feyisayo Ajayi

Jiji expands beyond Africa with Bangladesh’s Bikroy acquisition deal

Jiji, the Lagos-based classifieds marketplace, has acquired Bangladesh’s Bikroy in a move that extends its business beyond Africa for the first time. The deal comes just 13 months after Jiji entered Bangladesh, where it positioned itself as a direct competitor to Bikroy and other local platforms.  Chief executive Anton Volianskyi said the transaction was financed through internal resources and shareholder backing. He did not disclose the price. The acquisition adds to a pattern of consolidation that has shaped Jiji’s growth…

Oluwatosin Alao Oluwatosin Alao

Transnet opens South Africa rail network to Grindrod, Minrail

Transnet opens South Africa’s freight rail network to private operators including Grindrod and Minrail to ease export bottlenecks.

Timilehin Adejumobi Timilehin Adejumobi

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola in East Africa

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola and PepsiCo in East Africa through Mo Cola expansion strategy push into market

Feyisayo Ajayi Feyisayo Ajayi