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

Centaurus signs $450 million nickel offtake deal with Glencore for Jaguar project

Centaurus Metals has secured a $450 million nickel offtake deal with Glencore for its Jaguar project in Brazil.

Timilehin Adejumobi Timilehin Adejumobi

Ghanaian businessman bids to take over gold mine from Africa’s biggest miner

Ibrahim Mahama bids to take control of Ghana’s Damang gold mine, backed by a $205 million loan to expand operations.

Omokolade Ajayi Omokolade Ajayi

Odu’a Investment expands with 10% stake in FCMB pensions

Odu’a Investment Company has acquired a 10% stake in FCMB Pensions, signaling confidence in Nigeria’s fast-growing pension industry and long-term savings market.

Timilehin Adejumobi Timilehin Adejumobi

Supermarket Income REIT expands $583 million facility to refinance debt

Supermarket Income REIT expands £437 million ($583.24 million) loan to refinance debt, boosting liquidity and strengthening its grocery property portfolio.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Vukile buys $202 million stake in Barcelona mall

Vukile acquires a $202 million stake in Barcelona’s Splau mall, partnering with Unibail-Rodamco-Westfield to grow in Spain.

Omokolade Ajayi Omokolade Ajayi

Elsewedy Electric deepens Saudi Arabia push with $3 billion project pipeline

Elsewedy Electric deepens Saudi Arabia push with $3 billion projects as international revenue climbs to 70% of total.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Mr Price targets new African market after Europe entry

South African retailer Mr Price Group is tightening its focus on international growth, with plans to enter another African market even as it expands into Europe through a key acquisition.  The Durban-based clothing and homeware chain is moving to meet rising demand for affordable goods, as high living costs push shoppers toward discount brands. Across many emerging markets, value retail is gaining ground, creating openings for companies that can keep prices low and supply steady.  For Mr Price, the shift…

Oluwatosin Alao Oluwatosin Alao

Kenyan court clears Equity Bank to auction Riverside office block over $9.5 million default

Kenyan court clears Equity Bank to auction Nairobi office block over $9.5 million loan default, dismissing Chase Bank’s bid to halt sale.

Feyisayo Ajayi Feyisayo Ajayi

Acsion approves $1 million hotel contract variation in related-party deal

Acsion approves $1 million variation orders on a related-party hotel contract, raising total project value to R104.75 million ($6.28 million).

Feyisayo Ajayi Feyisayo Ajayi