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

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

Sanlam commits $196 million for 25% stake in ARC’s diversified investment portfolio

Sanlam Life invests $196 million for 25% of ARC Fund portfolio, deepening ties with Patrice Motsepe’s Ubuntu-Botho.

Feyisayo Ajayi Feyisayo Ajayi

South African pharma giant Aspen hit by mRNA contract loss

South African pharma giant Aspen reports weaker results after mRNA contract loss, with commercial growth and debt reduction plans underway.

Omokolade Ajayi Omokolade Ajayi

Ex-Steinhoff legal chief in Markus Jooste Scandal hit with $22 million fine

South Africa’s FSCA fines former Steinhoff executive Stehan Grobler $22 million over false financial statements.

Feyisayo Ajayi Feyisayo Ajayi

Canadian miner Roscan to invest $219 million in Mali’s Kandiolé gold project  

Canadian miner Roscan Gold Corp. plans to invest $218.7 million to develop a new gold mine at its Kandiolé project in western Mali.

Timilehin Adejumobi Timilehin Adejumobi

Nedbank raises cash offer to $245 million in $856 million NCBA takeover bid

Nedbank lifts cash offer to $245 million in $856 million bid for 66% of NCBA, boosting flexibility for shareholders in cross-border deal.

Feyisayo Ajayi Feyisayo Ajayi

Discovery CEO Adrian Gore says South Africa at critical turning point   

Discovery CEO Adrian Gore says South Africa has reached a decisive moment.

Timilehin Adejumobi Timilehin Adejumobi

World Bank expands Egypt affordable housing fund to $1 billion

Egypt is expanding its push to provide affordable housing, backed by deeper support from the World Bank Group. The lender is increasing its total financing for the government’s “Housing for All Egyptians” program to $1 billion, reinforcing a project that has helped reshape the country’s mortgage market over the past decade.  The additional funding comes as demand for low-cost housing continues to rise in a country of more than 100 million people. Rapid urban growth and higher construction costs have…

Oluwatosin Alao Oluwatosin Alao

Caxton profit slipped to $20 million in H1 2026

Caxton profit slips 4% to R332 million ($20 million) as ad slump hits publishing; packaging growth cushions decline in interim results.

Feyisayo Ajayi Feyisayo Ajayi