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

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

North Africa’s 5 wealthiest families and their expanding business empires

North Africa’s wealthiest families dominate telecom, finance, and energy, shaping global markets through generational wealth, strategic deals, and investments.

Timilehin Adejumobi Timilehin Adejumobi

Nigeria’s Ogun State, set to become Africa’s largest cement-producing region

At a Glance Ogun State is on track to become Africa’s top cement-producing state or region, bolstered by the expansion of Dangote Cement, the continent’s leading cement producer. Africa’s richest man, Aliko Dangote, reaffirmed this vision during a visit to the $800 million Itori cement factory, which is expected to be completed by November 2026. Dangote Cement expands production in Ogun The Itori plant, with a capacity of 6 million metric tons per year, will push Ogun State’s total cement…

Omokolade Ajayi Omokolade Ajayi

Safaricom nears $5.5 billion valuation, holds position as East Africa’s most valuable firm

Safaricom nears a $5.5 billion valuation, cementing its dominance on the Nairobi bourse as M-PESA expansion and Ethiopian growth fuel investor confidence.

Feyisayo Ajayi Feyisayo Ajayi

South Africa becomes MTN’s biggest market as Nigeria revenue, earnings decline

The shift highlights the economic and regulatory pressures hampering telecom operations in Africa’s most populous country.

Omokolade Ajayi Omokolade Ajayi

Top 25 most valuable stocks on Nairobi Stock Exchange

Shore Africa ranks the 25 most valuable stocks on the NSE, where Safaricom, Equity Group, and EABL dominate a $15.72 billion market shaping Kenya’s investment landscape.

Feyisayo Ajayi Feyisayo Ajayi

FlySafair: South Africa’s largest airline takes flight to new heights

FlySafair, South Africa's largest airline, dominates domestic market share, expands regionally, and boosts efficiency with a modern fleet, offering reliable, affordable travel.

Timilehin Adejumobi Timilehin Adejumobi

Top 30 most valuable stocks on the Egyptian Exchange

Egypt's top 30 stocks dominate 71.57% of EGX’s market cap, spanning banking, real estate, consumer goods, and industrials, reflecting the nation’s economic strength.

Feyisayo Ajayi Feyisayo Ajayi

Africa’s largest mega-dam: The $5 billion grand Ethiopian Renaissance Dam

The $5 billion Grand Ethiopian Renaissance Dam, Africa’s largest hydroelectric project, boosts energy security and regional cooperation amid geopolitical tensions.

Timilehin Adejumobi Timilehin Adejumobi