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

10 African Chefs making waves in U.S. luxury hotels

Superfoods, fusion, and culture: African chefs elevate luxury hotel cuisine in America.

Timilehin Adejumobi Timilehin Adejumobi

20 poorest African countries by GDP per Capita

Africa’s poorest nations face deep-rooted poverty, conflict, and inequality despite natural resources and development efforts.

Feyisayo Ajayi Feyisayo Ajayi

AngloGold Ashanti reports $1.1 billion headline earnings as free cash flow soar on gold rally

AngloGold Ashanti posted $1.09 billion in H1 earnings as gold output rose 21% and prices surged, boosting free cash flow by 149% and slashing debt.

Feyisayo Ajayi Feyisayo Ajayi

Shelf Drilling secures two-year contract extension with Conoil in West Africa

Shelf Drilling renews Nigeria offshore deal with Conoil through 2027, with option to extend to 2028 in OMLs 153 and 59.

Omokolade Ajayi Omokolade Ajayi

Elmenus appoints new CEO as it powers Egypt’s food-tech future

Elmenus names Walid El-Saadany CEO as it expands, integrates AI, and empowers Egypt’s digital food-tech ecosystem.

Feyisayo Ajayi Feyisayo Ajayi

South African tycoon Tshepo Mahloele’s Capitec Bank stake surpasses $1.6 billion, nets $20 million dividend

Mahloele’s Capitec stake surges past $1.6 billion, earning $20 million in dividends as shares climb 29% amid strong investor momentum.

Feyisayo Ajayi Feyisayo Ajayi

Marina, Lagos: Nigeria’s Wall Street and colonial soul

Marina, Lagos blends colonial legacy with Nigeria’s financial power, anchoring fintech, faith, and historic institutions.

Feyisayo Ajayi Feyisayo Ajayi

Africa’s richest man Aliko Dangote’s cement firm, posts $1.35 billion in half-year revenue

Dangote Cement H1 revenue hits $1.35 billion profit soars 174%, driven by strong Nigerian growth and infrastructure demand.

Feyisayo Ajayi Feyisayo Ajayi

Africa’s largest asset manager, PIC takes $330 million more shares in Sibanye-Stillwater

PIC ups Sibanye stake to 20.2% with $329.61 million deal, signaling renewed faith in the miner ahead of Froneman’s September retirement.

Feyisayo Ajayi Feyisayo Ajayi