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

Truecaller and 365 Digital strike Kenya and South Africa Ad deal

Truecaller is stepping up its expansion in Africa’s digital advertising market with a new exclusive reseller agreement with 365 Digital in Kenya and South Africa. The deal strengthens the company’s push to grow advertising revenue in two of the continent’s most active mobile markets.  The partnership gives 365 Digital sole rights to sell Truecaller Ads inventory in both countries. For brands and media agencies, it creates a direct route to Truecaller’s large user base and its first-party data, which advertisers…

Oluwatosin Alao Oluwatosin Alao

Nigerian billionaire Abdul Samad Rabiu to pocket $237 million dividend from BUA Cement

Nigerian billionaire Abdul Samad Rabiu to receive $237 million from BUA Cement after a 379% profit surge in 2025.

Omokolade Ajayi Omokolade Ajayi

Egypt’s Oriental Weavers posts $45 million in profits in 2025

Oriental Weavers posts $45 million profit in 2025 as revenue rises 10% despite margin pressures.

Feyisayo Ajayi Feyisayo Ajayi

MG Developments launches VALO Hospitality, plans $40.6 million hotel expansion

MG Developments launches VALO Hospitality, investing $40.6M to develop six hotels and 600+ rooms across Egypt.

Timilehin Adejumobi Timilehin Adejumobi

Prudential sells 24.1% ICEA portfolio acquired from Ndegwa family in 2021

Prudential will exit ICEA Lion, selling its 24.1% stake acquired in a $18.6 million Ndegwa family deal, pending approvals.

Feyisayo Ajayi Feyisayo Ajayi

MTN Group forecasts massive rebound after MTN Nigeria posts $820 million profit

MTN Group expects earnings rebound as MTN Nigeria reports $820 million profit and free cash flow jumps 215 percent.

Omokolade Ajayi Omokolade Ajayi

Billionaire Naguib Sawiris: Egypt developers pivot to smaller units amid economic strain   

Egypt developers pivot to smaller, affordable homes as inflation and costs reshape the property market

Timilehin Adejumobi Timilehin Adejumobi

Saudi billionaire-backed Breadfast targets Egypt grocery dominance

Breadfast secures $50 million from Mubadala and a Saudi billionaire family to accelerate Egypt e-commerce expansion.

Feyisayo Ajayi Feyisayo Ajayi

Aliko Dangote’s cement business hauls in $3.2 billion revenue in 2025

Dangote Cement posts $3.16 billion revenue in 2025, with record profit $745.5 million, driven by Nigeria, efficiency, and Pan-African growth

Feyisayo Ajayi Feyisayo Ajayi