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.

AFC disburses $50.6 million in Côte d’Ivoire’s first project finance green bond

AFC disburses $50.6 million under Côte d’Ivoire’s first project finance green bond to fund a 66MW Korhogo solar plant.

Timilehin Adejumobi Timilehin Adejumobi

Tony Elumelu’s Transcorp posts Q1 profit above $27 million on hospitality gains

The group’s latest filing shows profit rose from N36.7 billion ($26.7 million) in the same period a year earlier.

Omokolade Ajayi Omokolade Ajayi

Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million 

Market data tracked by Shore Africa shows that the value of his holding has fallen by MWK170.85 billion ($98.41 million)

Timilehin Adejumobi Timilehin Adejumobi
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How share awards lifted FirstRand chief Mary Vilakazi to a $5 million stake

Executive share awards boosted FirstRand CEO Mary Vilakazi’s holding to $5.04 million in 2026, marking a 60.1 percent surge in her beneficial equity.

Omokolade Ajayi Omokolade Ajayi

Malawi’s small farmers to benefit from $8.6 million EIB funding

EIB Malawi financing will provide $8.6 million to support small farmers and agri-food businesses through Centenary Bank.

Timilehin Adejumobi Timilehin Adejumobi

Ethiopian Airlines launches daily direct flights linking Durban and Addis Ababa

Ethiopian Airlines will launch daily Durban-Addis Ababa flights in December, expanding King Shaka’s international network to eight routes.

Oluwatosin Alao Oluwatosin Alao

Pepco targets Africa to diversify manufacturing and supply chains

Pepco Group is exploring Africa for new manufacturing hubs as supply-chain risks push the Polish retailer to reduce its reliance on Asian production.

Oluwatosin Alao Oluwatosin Alao

Nigeria’s richest banker Jim Ovia’s Zenith Bank stake rebounds above $560 million

Jim Ovia’s Zenith Bank stake has recovered above $560 million as shares climb on the Nigerian Exchange.

Timilehin Adejumobi Timilehin Adejumobi

Ongwe Minerals begins drilling at Namibia’s Nguni gold prospect

Ongwe Minerals has begun drilling a 6km gold anomaly at its Nguni prospect, testing Namibia’s Northwest Damara belt for deeper mineralisation.

Feyisayo Ajayi Feyisayo Ajayi

Vodacom to appeal court ruling reversing $1.9 billion Safaricom deal  

Vodacom to appeal Safaricom ruling after a Kenyan court voided its $1.9 billion stake purchase in the telecom giant.

Timilehin Adejumobi Timilehin Adejumobi

Accelerate’s Cedar Square sold for $39 million 11 months after Michael Georgiou’s exit

Accelerate Property Fund's Cedar Square sold for R630 million as the JSE-listed REIT reduces debt and focuses on Fourways Mall.

Feyisayo Ajayi Feyisayo Ajayi

Patrice Motsepe-backed Kropz to cut jobs at South Africa phosphate mine

Patrice Motsepe-backed Kropz will cut jobs at its Elandsfontein phosphate mine as it shifts toward nanophos production.

Omokolade Ajayi Omokolade Ajayi