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

10 businesses owned by Kenya’s largest landholders, the Kenyatta family

Inside the Kenyatta family empire: banking, dairy, land and a $5-billion Nairobi satellite city shaping Kenya’s economy.

Feyisayo Ajayi Feyisayo Ajayi

Minor Hotels to open NH collection resort on Pemba Island, Tanzania

Luxury tourism in East Africa is drawing renewed interest from global hotel operators as international travel continues to recover. Investors are increasingly targeting Indian Ocean beach destinations alongside the region’s established safari circuit.  Tanzania is emerging as a key beneficiary. Known for Serengeti safaris and Zanzibar’s beaches, the country is now attracting fresh capital aimed at broadening its high-end hospitality offering.  Against that backdrop, Minor Hotels has signed a new resort under its NH Collection brand on Pemba Island, deepening…

Oluwatosin Alao Oluwatosin Alao

Africa’s richest man Aliko Dangote bets on steel, power, ports expansion  

Aliko Dangote, Africa’s richest man, is broadening his industrial footprint beyond oil refining into steel, electricity, and ports.

Timilehin Adejumobi Timilehin Adejumobi

AfroCentric flags wider annual loss despite surge in headline earnings

AfroCentric forecasts wider full-year 2025 loss on impairments and reporting shift, despite strong headline earnings growth.

Feyisayo Ajayi Feyisayo Ajayi

Bidvest relaunches Bidvest Bank sale after Access deal fails

Bidvest Group relaunched the sale of Bidvest Bank after a terminated Access transaction

Timilehin Adejumobi Timilehin Adejumobi

Shoprite posts $8.6 billion revenue in H1 2026

Shoprite Holdings posts $8.6 billion H1 2026 revenue, up 7.2%, as Christo Wiese-backed retailer expands market share.

Feyisayo Ajayi Feyisayo Ajayi

Exxaro acquires South African manganese mines in $660 million deal

South Africa’s mining sector is seeing another major consolidation. Exxaro Resources has completed a R10.6 billion ($660 million) acquisition of manganese assets, expanding its footprint in one of the world’s most important mineral belts.  The deal, agreed with Ntsimbintle Holdings and OMH, gives Exxaro full ownership of Ntsimbintle Mining and a controlling interest in the Tshipi Borwa Mine. The transaction closed on Feb. 27, 2026, after key conditions were met or waived.  For Exxaro, long known as a coal producer,…

Oluwatosin Alao Oluwatosin Alao

Minbos Resources lands $16 million IDC funding for Angola fertilizer project

Minbos Resources gets a $16 million loan from IDC to fund Angola’s Cabinda fertilizer expansion.

Timilehin Adejumobi Timilehin Adejumobi