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

Air Seychelles launches direct Paris flights, strengthening Africa-Europe travel

Air travel between Africa and Europe is set to receive a short-term lift as Air Seychelles prepares to launch nonstop flights linking the Indian Ocean island nation with the French capital. The carrier said the new service to Paris Charles de Gaulle Airport will begin March 20, 2026, offering travelers a direct connection between Seychelles and one of Europe’s busiest aviation hubs.  The airline plans to operate three flights a week for an initial one-month period. The temporary service comes…

Oluwatosin Alao Oluwatosin Alao

TikTok boosts AI literacy in Sub-Saharan Africa with $200,000 investment

TikTok is stepping up efforts to improve artificial intelligence literacy across Sub-Saharan Africa, pledging an additional $200,000 in advertising credits to support organizations teaching users how to better understand AI-generated media.  The funding reflects growing concern among governments, technology companies and educators about how quickly artificial intelligence tools are spreading across social media. As more Africans come online—many of them young users—questions about misinformation, deepfakes and digital safety are becoming harder to ignore.  The announcement came during the third Sub-Saharan…

Oluwatosin Alao Oluwatosin Alao

Nigerian billionaires Elumelu, Rabiu meet Macron to strengthen Africa-France ties

Elumelu and Rabiu meet Macron at Élysée Palace to strengthen investment and trade ties between France and Africa.

Omokolade Ajayi Omokolade Ajayi

Absa eyes Africa expansion as banks push beyond South Africa  

Absa Group is accelerating its expansion across Africa as South African banks push beyond their home market.

Timilehin Adejumobi Timilehin Adejumobi

Top 10 global billionaires investing heavily across Africa

Billionaires across the world including Elon Musk, Jeff Bezos, and Bill Gates are investing billions across Africa’s tech, infrastructure, and development sectors.

Feyisayo Ajayi Feyisayo Ajayi

Top 15 global billionaires investing billions across Africa

Global billionaires including Elon Musk, Jeff Bezos, and Bill Gates are investing billions across Africa’s tech, infrastructure, and development sectors.

Feyisayo Ajayi Feyisayo Ajayi

KCB Group posts record $530 million profit as Kenyan unit leads earnings growth

KCB Group Plc posts $530 million profit as Kenyan unit leads earnings and mobile lending expands across East Africa.

Omokolade Ajayi Omokolade Ajayi

CI Capital, TMG back $154 million investment fund for Madinaty projects

CI Capital and TMG invest $154M in Madinaty commercial real estate

Timilehin Adejumobi Timilehin Adejumobi

Woolworths names Sam Ngumeni CEO as Roy Bagattini prepares to retire in 2026

Woolworths names longtime executive Sam Ngumeni CEO as Roy Bagattini prepares to retire in 2026 after six years leading strategic turnaround.

Feyisayo Ajayi Feyisayo Ajayi