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.

Latest Business News

Nigerian billionaire Tony Elumelu’s Seplat stake tops $800 million as shares climb

Nigerian billionaire Tony Elumelu’s Seplat stake surpasses $800 million as oil rally and earnings lift shares.

Omokolade Ajayi Omokolade Ajayi

Why African conglomerates are spinning off units to unlock value

African conglomerates are spinning off units to unlock value, reduce conglomerate discounts, and attract deeper global capital markets.

Timilehin Adejumobi Timilehin Adejumobi

Ghana’s Sam Jonah: From Ashanti Goldfields CEO to investment mogul

Sam Jonah rose from miner to Ashanti CEO, building a gold giant and later a pan-African investment empire.

Feyisayo Ajayi Feyisayo Ajayi

Zimbabwe’s Unifreight Africa plans capacity expansion amid tobacco surge

Unifreight Africa plans 2026 expansion to 100 million kilograms capacity as Zimbabwe tobacco output and logistics demand increase.

Omokolade Ajayi Omokolade Ajayi

After $132 million loss, Kenya Airways’ bailout hopes fade under tighter rules

Kenya Airways’ recovery faces pressure after a $132.3 million loss, rising debt and stricter global rules limiting state support.

Omokolade Ajayi Omokolade Ajayi

South African CEO Funeka Montjane pockets $4.2-million from Standard Bank in 2025

Standard Bank’s Funeka Montjane earned $4.2 million in 2025 as PPB drove growth, boosting clients, earnings and group profitability.

Feyisayo Ajayi Feyisayo Ajayi

Nigeria’s debut of Cawthorne crude export exposes tension between NNPCL, Dangote refining model

Nigeria’s first Cawthorne crude export to Europe exposes tension between export strategy and Dangote-led domestic refining ambitions.

Feyisayo Ajayi Feyisayo Ajayi

Senegal’s Sunu Bank wins legal battle as Dakar court orders Pharmacie Royale to pay $275,000

Sunu Bank wins Dakar court ruling, securing $275,000 payment as it strengthens credit enforcement and post-acquisition risk controls.

Feyisayo Ajayi Feyisayo Ajayi

Oracle launches first hyperscale public cloud region in Morocco

Oracle has opened its first hyperscale public cloud region in Casablanca, marking a significant expansion into Africa’s growing market for cloud computing and artificial intelligence.  The move makes Oracle the first hyperscaler to establish a full-scale cloud presence in North Africa, as global technology firms increase investments across the continent. Demand for cloud services and data storage is rising among businesses and governments seeking faster systems and greater control over data.  For Morocco, the launch adds to efforts to strengthen…

Oluwatosin Alao Oluwatosin Alao