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

Rockefeller Foundation commits $10 million to boost electricity access in Africa

Mission 300 gains support as Rockefeller Foundation adds $10 million for Africa’s electrification.

Timilehin Adejumobi Timilehin Adejumobi

Egypt’s richest man, Nassef Sawiris shifts to non-executive role after 13 years leading OCI Global

Egypt's richest man, Nassef Sawiris will transition from OCI Global executive chairman to non-executive director after 13 years leading the nitrogen producer.

Feyisayo Ajayi Feyisayo Ajayi

Ghabbour family’s GB Corp. to launch three new units, seeks shareholder approval

GB Corp. plans three subsidiaries in technology and investment services, pending shareholder approval at its March 29 extraordinary meeting in Cairo.

Feyisayo Ajayi Feyisayo Ajayi

Elaraby Group plans $480 million expansion in Egypt’s home appliance sector

Elaraby Group unveils $480 million manufacturing expansion in Egypt’s New Quesna.

Timilehin Adejumobi Timilehin Adejumobi

NTT DATA renews Absa deal to advance digital finance across Africa

Africa’s banking sector is steadily moving toward modern financial systems as lenders invest in technology to manage operations more efficiently. From cloud platforms to integrated finance software, banks are upgrading core systems to improve reporting, strengthen compliance and gain faster access to reliable data.  The shift reflects broader changes across the continent’s financial industry. As competition grows and regulations tighten, banks are under pressure to modernize internal systems that support everything from accounting to group reporting.  For major lenders such…

Oluwatosin Alao Oluwatosin Alao

Historic South Africa Bloemendal Wine Estate heads to auction at $11 million   

Historic Bloemendal Wine Estate in South Africa heads to auction on March 25 with bids starting at $11 million.

Timilehin Adejumobi Timilehin Adejumobi

Ibnsina Pharma, Egypt’s largest pharmaceutical distributor posts $19 million profit in 2025

Ibnsina Pharma posts $19 million profit in 2025 as revenue jumps 37%, cementing Egypt distribution market dominance.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s $1 billion LNG terminal delayed to 2028 after court disrupts plans

South Africa’s $1 billion LNG terminal at Richards Bay delayed to 2028 after court disrupts Eskom-linked plans.

Omokolade Ajayi Omokolade Ajayi

Tony Elumelu Foundation to disburse nearly $16 million to 3,199 entrepreneurs in 2026 cohort

Tony Elumelu Foundation to disburse nearly $16 million to 3,199 African entrepreneurs in 2026 seed funding rollout.

Feyisayo Ajayi Feyisayo Ajayi