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

Sam Sithole: Sun International, Value Capital’s quiet strategist

Sam Sithole’s quiet leadership and sharp financial instincts have reshaped Sun International and Value Capital into pillars of South Africa’s corporate revival

Feyisayo Ajayi Feyisayo Ajayi

Top 10 countries with the highest Gross National Reserves

Gross national reserves shield currencies, bolster trade, and anchor economic resilience amid global shocks, sustaining investor confidence and policy space.

Feyisayo Ajayi Feyisayo Ajayi

Top 10 mobile operators in Africa

Africa’s top 10 mobile operators contribute 8% to the continent’s GDP, driving economic growth through digital services, mobile money, and financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi

Edith Jiya’s ascent: Group CEO in Malawi to South Africa’s leadership

Edith Jiya, Old Mutual Malawi’s first female CEO, ascends to lead South Africa's Retail Mass Market, marking a milestone in African financial leadership.

Feyisayo Ajayi Feyisayo Ajayi

Top 10 most indebted nations in Africa

Africa's external debt hit $1.15 trillion in 2024, with the top 10 nations accounting for 69% of the total, raising concerns about economic stability.

Feyisayo Ajayi Feyisayo Ajayi

Presco PLC posts over $50 million in earnings in 2024 as ownership transitions drive growth

Presco PLC posted a net profit of $50 million in 2024, doubling earnings as ownership shifted to Nigerian investors and revenues surged 103%.

Feyisayo Ajayi Feyisayo Ajayi

Top 5 fastest-growing sectors in Africa: Key drivers of economic transformation

Africa's tech, renewable energy, agribusiness, healthcare, and tourism sectors fuel rapid economic growth, shaping the continent’s emerging and resilient economy.

Timilehin Adejumobi Timilehin Adejumobi

Nigeria’s NNPC moves closer to landmark IPO, but timeline unclear

The move aligns with Nigeria’s Petroleum Industry Act (PIA) of 2021, which mandates that NNPC list its shares on the stock market.

Omokolade Ajayi Omokolade Ajayi

EU backs Anglo-American and Sibanye-Stillwater in critical minerals push

EU grants ‘Strategic Project’ status to Anglo-American and Sibanye-Stillwater, fast-tracking key critical mineral projects vital to Europe's energy transition.

Feyisayo Ajayi Feyisayo Ajayi