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

After Angola oil win, Nigerian energy mogul Adewale Tinubu plans $750 million drilling campaign

After Angola oil win, Oando plans $750 million drilling campaign targeting 300 percent output growth across West Africa.

Omokolade Ajayi Omokolade Ajayi

Meet Sabasaba Moshingi: CEO of DCB, Tanzania’s first listed lender

DCB Bank CEO Sabasaba Moshingi leads a turnaround strategy in Tanzania focused on digital banking, growth and financial inclusion.

Timilehin Adejumobi Timilehin Adejumobi

Top 5 billion-dollar companies on Dar es Salaam Stock Exchange

Five billion-dollar firms dominate Dar es Salaam exchange, driving liquidity, investor confidence, and Tanzania’s capital market growth.

Feyisayo Ajayi Feyisayo Ajayi

Emaar Misr unveils $1.1 billion residential project in Egypt

Emaar Misr unveils $1.1bn Belle Vie project near Cairo with villas, apartments, and premium amenities targeting rising demand

Timilehin Adejumobi Timilehin Adejumobi

Egypt’s Elsewedy Electric expands Saudi grid with six high-voltage substations

Elsewedy Electric delivers six substations in Saudi Arabia, boosting grid reliability and supporting rising power demand across key regions.

Feyisayo Ajayi Feyisayo Ajayi

Mary Vilakazi: First female CEO of South Africa’s $30 billion lender, FirstRand

Mary Vilakazi oversees FirstRand, positioning the group at the center of Africa’s expanding financial services industry.

Omokolade Ajayi Omokolade Ajayi

Meta launches Muse Spark as Zuckerberg resets AI strategy

Meta Platforms is sharpening its focus on artificial intelligence, moving beyond early experiments as competition in the sector intensifies.  The company has introduced Muse Spark, the first system from its new Superintelligence Labs, offering a clearer view of how it plans to take on rivals such as OpenAI, Google and Anthropic.  For Mark Zuckerberg, the rollout signals a change in approach. The company is putting more emphasis on control, product integration and revenue opportunities tied to AI across its apps. …

Oluwatosin Alao Oluwatosin Alao

Kenyan investment firm Centum completes share buyback, acquires 10.8 million shares

Centum completes share buyback, acquiring 10.8 million shares to strengthen capital structure and boost long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi

Heineken exits Congo, sells brewery stake after decades in market

Heineken sells its Congo brewery stake to ELNA Holdings, ending decades in DRC after conflict disrupts operations in the east.

Timilehin Adejumobi Timilehin Adejumobi