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

Guinean businessman Abdoul Karim Diallo gets $20 million to build country’s first poultry platform

IFC backs SONOCO with $20 million to build Guinea’s first integrated poultry platform, boosting food security and cutting imports.

Feyisayo Ajayi Feyisayo Ajayi

Just as Uganda Airlines gets $113 million, Air Algerie orders 10 Boeing 737 MAX 8

Uganda Airlines secures $113 million funding as Air Algerie orders 10 Boeing 737 MAX 8, signaling African aviation expansion.

Omokolade Ajayi Omokolade Ajayi

Nigerian tycoon Atedo Peterside’s Stanbic IBTC stake nears $25 million on 2026 share surge

Atedo Peterside’s Stanbic IBTC stake nears $25 million as shares surge, driven by strong earnings and renewed investor demand.

Feyisayo Ajayi Feyisayo Ajayi

Airlines weigh Durban routes as Club Med drives Africa tourism push

Durban is preparing to welcome a surge of international travelers with the July opening of Club Med South Africa Beach & Safari, a luxury resort designed to attract visitors from Europe and other key markets. Tourism officials say the resort could reshape how airlines view Durban, offering a strong case for reinstating long-discussed direct flights.  The city’s appeal is tied to both its coastal attractions and nearby safari destinations, making it a dual-draw for leisure travelers. As Galelekile of the…

Oluwatosin Alao Oluwatosin Alao

PIDG invests $5 million to expand Afreenergy Solar in Senegal     

PIDG has committed $5 million to expand Afreenergy Solar in Senegal, backing new solar and battery systems for industrial user.

Timilehin Adejumobi Timilehin Adejumobi

Gulf Energy clears $30.8 million payment to Tullow, takes helm of Kenya’s oilfields

Gulf Energy completes $30.8 million payment to Tullow, gaining full control of Kenya’s Turkana oilfields and first oil prospects.

Feyisayo Ajayi Feyisayo Ajayi

As petrol rises 84% in Nigeria, Dangote refinery sends fuel to Ghana, 4 others

As petrol rises 84% in Nigeria, Dangote refinery boosts regional exports, shipping 456,000 tonnes of refined fuel to five African nations.

Omokolade Ajayi Omokolade Ajayi

IFC backs $22 million Mali agribusiness project with blended financing support

IFC plans €13 million ($15 million) financing for Mali wheat mill, boosting food security, local processing and climate-aligned infrastructure.

Feyisayo Ajayi Feyisayo Ajayi

Nigerian billionaire Femi Otedola, Samuel Babatunde Sule’s First HoldCo stake nears $700 million

Femi Otedola and Tunde Hassan-Odukale’s First HoldCo stake nears $700 million as banking stock rally lifts investor wealth on NGX.

Feyisayo Ajayi Feyisayo Ajayi