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

Apple Pay launches in Egypt with Network International support

Egypt’s push toward a cash-light economy is gathering pace as banks and fintech firms roll out new digital payment options for consumers. Across the country, financial institutions are investing in mobile payment technology as more Egyptians choose to pay with smartphones rather than cash.  The latest step in that shift is the launch of Apple Pay in Egypt, supported by payments technology firm Network International. The service allows customers to make contactless payments using Apple smartphones, adding another option to…

Oluwatosin Alao Oluwatosin Alao

Proparco grants Rawbank $50 million loan to expand SME financing in DR Congo

Proparco grants Rawbank $50 million loan under IFC-led $265 million package to expand SME lending, boost private sector growth and support jobs in DR Congo.

Feyisayo Ajayi Feyisayo Ajayi

African Bank CEO Kennedy Bungane steps down

African Bank CEO Kennedy Bungane resigns; Manyathi takes interim role amid growth and acquisitions.

Timilehin Adejumobi Timilehin Adejumobi

South African billionaire Patrice Motsepe’s net worth drops below $4 billion

South African billionaire Patrice Motsepe’s net worth falls below $4 billion after a $400 million slide tied to declines in key mining stocks.

Omokolade Ajayi Omokolade Ajayi

Egypt’s Raya Holdings sees profit slip to $6.5 million in 2025

Raya Holding profit slips to $6.5 million in 2025 despite revenue growth, as Egypt’s outsourcing giant expands global BPO operations.

Feyisayo Ajayi Feyisayo Ajayi

Johann Rupert’s Reinet secures $3.9 billion payday from PIC sale

Johann Rupert’s Reinet to earn $3.9 billion from PIC stake sale, boosting liquidity and global investment influence.

Feyisayo Ajayi Feyisayo Ajayi

Abdul Samad Rabiu’s son, Khalifa, joins Nigeria’s wealthy with $271 million BUA Foods stake

With a significant $271 million stake in food giant BUA Foods Plc, Khalifa Rabiu steps into Nigeria’s wealthy ranks.

Omokolade Ajayi Omokolade Ajayi

Kavango Resources lands $8.4 million to advance Zimbabwe gold exploration

Kavango Resources strengthens Zimbabwe gold strategy with $8.4 million investor-backed funding.

Timilehin Adejumobi Timilehin Adejumobi

U.S., China push Ghana to halt gold royalty hike amid miner backlash

U.S. and China urge Ghana to reconsider gold royalty hike as miners warn higher rates could hurt Africa’s top gold producers.

Omokolade Ajayi Omokolade Ajayi