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

TotalEnergies expands in Liberia with four offshore oil permits

TotalEnergies expands in Liberia with new offshore deals, boosting West Africa presence.

Timilehin Adejumobi Timilehin Adejumobi

Green Hydrogen push could make Namibia a maritime powerhouse

At a Glance Namibia is getting ready to become a world leader in the green shipping economy as the demand for clean maritime fuels grows. The country's unique geography and large renewable resources, especially solar and wind, give it an edge in making green hydrogen and green ammonia. These are two fuels that are thought to be very important for making the shipping industry less carbon-intensive. Ian Dupont, deputy head of mission for the European Union delegation, says Namibia’s ambitions…

Oluwatosin Alao Oluwatosin Alao

Cometh the Hour, Cometh the Man: Adenuga’s telecom behemoth Glo marks 22nd anniversary

Globacom, founded by Mike Adenuga, redefined Nigeria’s telecom sector with per-second billing, Glo-1 cable, and digital inclusion.

Feyisayo Ajayi Feyisayo Ajayi

Egypt targets higher steel output to reduce costly imports

Egypt bets on steel expansion to cut imports and fuel growth.

Timilehin Adejumobi Timilehin Adejumobi

Nampak’s $25 million Zimbabwe unit sale to TSL collapses

Nampak’s $25 million Zimbabwe sale to TSL collapses as shareholders reject deal, testing its turnaround strategy in a tough market.

Feyisayo Ajayi Feyisayo Ajayi

Afreximbank unveils new firm to boost intra-African trade

The initiative was launched under Afreximbank’s FEDA with Arise IIP, Equitane DMCC, and AfCFTA Secretariat.

Timilehin Adejumobi Timilehin Adejumobi

Rwanda sees first Coltan shipment as Aterian expands operations

Rwanda marks debut coltan shipment with Aterian’s trading expansion.

Timilehin Adejumobi Timilehin Adejumobi

Eastern Cape Opens Nature Reserves Free for October Week

At a Glance The Eastern Cape Parks & Tourism Agency (ECPTA) has confirmed the return of its Free Access Week for 2025, giving residents and travelers a chance to explore some of South Africa’s most celebrated reserves without paying entry fees. From Oct. 4 to 12, day visitors will enjoy complimentary entry to a wide range of nature and game reserves across the province.  The initiative is part of the Eastern Cape’s broader effort to make eco-tourism more accessible while…

Oluwatosin Alao Oluwatosin Alao

What Elon Musk’s $17 billion SpaceX deal means for Africa’s internet gap

SpaceX’s $17 billion EchoStar deal could reshape mobile connectivity and help bridge Africa’s internet gap.

Feyisayo Ajayi Feyisayo Ajayi