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

Glencore, Canada close to deal to rescue copper facility  

Canada and Quebec are close to reaching a deal with Glencore to keep the Horne copper smelter operational.

Timilehin Adejumobi Timilehin Adejumobi

Nigerian investor Tokunboh Ishmael builds Africa-focused impact capital platform through Alitheia Capital

Tokunboh Ishmael builds Alitheia Capital into a leading platform channeling impact investment into Africa’s underserved, high-growth sectors.

Feyisayo Ajayi Feyisayo Ajayi

ReconAfrica begins Namibia oil testing, advances Gabon exploration drive

ReconAfrica begins production testing in Namibia while advancing Gabon exploration, signaling momentum in its African upstream growth strategy.

Feyisayo Ajayi Feyisayo Ajayi

Ethiopia gets $13 billion in investments, led by Ming Yang Smart Energy’s $10 billion commitment

Ethiopia secures $13 billion in investment deals to boost manufacturing, energy and infrastructure growth after Addis Ababa summit.

Feyisayo Ajayi Feyisayo Ajayi

Meet Ibrahim Sagna: The dealmaker building Africa’s next generation of global champions

Ibrahim Sagna is reshaping African investing, backing tech, media and sports ventures to build globally competitive, Africa-born champions.

Feyisayo Ajayi Feyisayo Ajayi

Meet Nigerian billionaire businessman Emeka Offor, holding Guinea Insurance stake worth over $5 million

Nigerian billionaire Emeka Offor, founder of Chrome Group, controls more than 65% stake in Guinea Insurance Plc valued at over $5 million, positioning him at the center of the company’s recapitalization drive. The holding, equivalent to 5.59 billion shares, is structured through Chrome Oil Services Ltd and Nimek Investments Ltd, reinforcing long-term control and financial flexibility. As Guinea Insurance launches a N5.8 billion ($4.2 million) rights issue, Offor’s dominant stake underscores his influence in Nigeria’s insurance sector and signals a…

Feyisayo Ajayi Feyisayo Ajayi

How late Herbert Wigwe engineered and safeguarded his global fortune

Herbert Wigwe built a global fortune using trusts, offshore firms and 106 London properties to protect wealth and ensure long-term control.

Feyisayo Ajayi Feyisayo Ajayi

BIM’s Morocco network nears 1,000 stores as expansion accelerates

Turkey’s discount retail giant BİM is nearing a key milestone in Morocco, where its store network is approaching 1,000 locations, underscoring the country’s growing role in its international business.  The expansion reflects broader shifts in Morocco’s consumer market. Rising living costs and steady urban growth are pushing more shoppers toward low-price retailers, creating room for chains that focus on affordability and efficiency.  BIM has steadily built its presence by opening smaller stores in densely populated areas, offering a limited range…

Oluwatosin Alao Oluwatosin Alao

5 richest Arab families in 2026 ranked by net worth

Five richest Arab families in 2026 leverage energy, real estate, and telecoms to build multibillion-dollar empires and global influence.

Feyisayo Ajayi Feyisayo Ajayi