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
FCMB

FCMB pushes value-chain coordination to boost Nigeria’s food security

FCMB promotes value-chain coordination to expand farmer access to inputs, finance, and markets, enhancing Nigeria’s food security.

Omokolade Ajayi Omokolade Ajayi
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Nigerian businessman and banker Jim Ovia.
Featured

Nigeria’s richest banker Jim Ovia to pocket $42 million from Zenith Bank

Nigeria’s richest banker Jim Ovia to pocket $42 million dividend as Zenith Bank posts $754 million profit, highlighting sustained financial growth.

Feyisayo Ajayi Feyisayo Ajayi
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Ethiopia teams with Russia’s Rosatom for first nuclear plant, boosting energy security
African industrial development

Ethiopia advances nuclear power plans with Russia partnership

Ethiopia is moving forward with a major plan to modernize its energy sector by signing a strategic roadmap with Russia’s state-owned nuclear company, Rosatom. The agreement marks a pivotal step toward developing the Horn of Africa nation’s first civilian nuclear power plant. Officials see the initiative as a way to diversify electricity supply and reduce dependence on hydropower, which is vulnerable to seasonal droughts.  On March 31, Ethiopian Foreign Minister Gedion Timothewos Hessebon and Rosatom executive Nikolay Spassky formalized the…

Oluwatosin Alao Oluwatosin Alao
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Lowe’s $250 million skilled trades initiative
Featured

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Feyisayo Ajayi Feyisayo Ajayi
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Canal+ revamps DStv pricing to simplify packages and cut costs for African viewers
Canal+

Canal+ slams DStv pricing, flags complexity for African viewers

Canal+ is moving to reset how pay-TV works in Africa after taking control of MultiChoice, putting the spotlight on simpler pricing for DStv and a clearer path to attract and keep subscribers.  For many households, the issue is straightforward: pay-TV has become harder to understand and, in some cases, harder to afford. Canal+ says DStv’s current structure — with multiple packages, add-ons and pricing tied to different technologies — is part of the problem.  The company now wants to make…

Oluwatosin Alao Oluwatosin Alao
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Dangote refinery fuel price increase
African Countries

Fuel from Dangote Refinery reaches more African countries amid Middle East supply disruptions

Petrol and fertiliser exports from Lagos-based Dangote Refinery rise as global disruptions push African energy costs higher.

Omokolade Ajayi Omokolade Ajayi
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South Africa gambling spending
Featured

South Africa’s actual gambling spend hits $4.4 billion, not $88.8 billion as claimed

South Africa’s gambling spend reached R74.5 billion ($4.4 billion) in 2024, far below the R1.5 trillion ($88.8 billion) turnover figure often misreported.

Feyisayo Ajayi Feyisayo Ajayi
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AFREXIM-BANK-BUILDING
Afreximbank plan

Afreximbank unveils $10 billion plan to shield Africa from Mideast crisis

Afreximbank approves $10 billion in support to shore up FX liquidity and critical imports across vulnerable African markets.

Timilehin Adejumobi Timilehin Adejumobi
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Eskom Holdings head office
ES26 bond

Eskom redeems $2.2 billion bond after 19 years in markets    

Eskom redeems its $2.2 billion ES26 bond after 19 years, marking a milestone in financial stability and improved investor confidence in South Africa.

Timilehin Adejumobi Timilehin Adejumobi
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