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

Indian billionaire Ravi Jaipuria’s Varun Beverages buys South Africa’s Twizza for $125 million   

India-based Varun Beverages has completed its $125 million acquisition of South African soft drink maker Twizza.

Timilehin Adejumobi Timilehin Adejumobi

South African billionaire Natie Kirsh enters top 200 richest after $29 billion sale

South African billionaire Natie Kirsh joins top 200 richest after $29 billion Jetro sale to Sysco, boosting his net worth to $15 billion.

Omokolade Ajayi Omokolade Ajayi

Kenya clears $1.8 billion Safaricom share sale to Vodacom

Kenya’s parliament approves divestiture in Safaricom, expanding Vodacom control in a landmark telecom transaction.

Timilehin Adejumobi Timilehin Adejumobi

Kenyan businessman Suresh Bhagwanji Shah set for Ksh394 million payout from I&M Group profits

Kenyan businessman Suresh Shah to receive Ksh394 million dividend as I&M Group posts Ksh18.78 billion ($145 million) profit for 2025.

Omokolade Ajayi Omokolade Ajayi

Olam Agri unveils Ghana’s first local pasta brand with $40 million factory

Olam Agri launches Ghana’s first fully local pasta brand, boosting domestic production, cutting imports, and strengthening food security.

Feyisayo Ajayi Feyisayo Ajayi

Ghana says it will favor local buyers as Ibrahim Mahama bids for Damang gold mine

Ghana opens Damang gold mine to local firms; Ibrahim Mahama among bidders with $500 million investment plan.

Omokolade Ajayi Omokolade Ajayi

Meet Seinde Oladapo Fadeni: Nigerian businessman with $68 million NAHCO stake

Seinde Fadeni holds a $68 million NAHCO stake, combining board leadership and ownership to shape strategy in Nigeria’s aviation services sector.

Feyisayo Ajayi Feyisayo Ajayi

Triumph, M|A partner on new pyramids-view hotel in West Cairo

Triumph Hotels Management and M|A Group is expanding their footprint in Egypt’s fast-growing tourism sector, with plans for a new pyramid-view hotel in West Cairo.  The project, “Triumph Pyramids Hotel,” comes as Egypt steps up efforts to attract more international visitors and private investment into its hospitality industry, a key source of foreign exchange and jobs.  Developers are increasingly targeting sites near the country’s best-known landmarks, where demand for high-end accommodation remains strong among both tourists and investors.  Set near…

Oluwatosin Alao Oluwatosin Alao

Nigeria’s GTCO posts $625 million profit in 2025; customer deposits reach $9 billion

GTCO posts $625 million profit in 2025 as deposits climb to $9 billion, with gross earnings and loans also on the rise.

Omokolade Ajayi Omokolade Ajayi