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

Egypt’s Parkville Pharmaceuticals gets investment from Proparco, Adenia and DEG

Proparco, Adenia and DEG acquire majority stake in Egypt’s Parkville to boost local cosmeceutical manufacturing and regional expansion.

Feyisayo Ajayi Feyisayo Ajayi

South African billionaire Patrice Motsepe returns to Forbes top 1,000 richest

South African billionaire Patrice Motsepe returns to Forbes 1,000 richest after $300 million mining surge and fintech growth.

Omokolade Ajayi Omokolade Ajayi

Strive Masiyiwa’s Liquid Intelligent secures $410 million credit facility after debt repayment  

Masiyiwa-backed Liquid secures $410m in new credit after repaying debt, with Cassava injecting fresh equity.

Timilehin Adejumobi Timilehin Adejumobi

Zimbabwe lithium export ban lifts prices and producer shares

Zimbabwe’s decision to halt exports of lithium concentrate has shaken global markets, sending both commodity prices and producer shares higher. On the Guangzhou Futures Exchange, lithium carbonate jumped 5.4 percent to 177,000 yuan ($25,856) a ton by late morning, reflecting concerns over tightening supplies of the battery-critical mineral. Investors reacted swiftly, with shares of lithium companies across China, Australia, and the Americas climbing as traders adjusted to the new restrictions. The ban, announced by Mines Minister Polite Kambamura, applies to…

Omokolade Ajayi Omokolade Ajayi

Tony Elumelu’s Transcorp hits N1 trillion in assets; dividend doubles

Tony Elumelu’s Transcorp tops N1 trillion in assets as revenue and profit surge across power and hospitality businesses.

Omokolade Ajayi Omokolade Ajayi

Kessington Adebutu’s stake in Wema Bank nears $120 million

Kessington Adebutu’s Wema Bank stake nears $120 million as shares surge 26% in 2026, lifting market value by $25 million.

Feyisayo Ajayi Feyisayo Ajayi

Tetracore opens major CNG plant in Nigeria’s South Western State

Tetracore launches major CNG plant to ease fuel shortages in Ogun.

Timilehin Adejumobi Timilehin Adejumobi

ARM Cement moves to wind up operations as liquidation nears completion

ARM Cement moves to wind up operations as liquidation nears completion amid debt pressures and unresolved tax disputes in East Africa.

Feyisayo Ajayi Feyisayo Ajayi

IFC backs Platcorp with $52 million MSME funding to expand lending in East Africa

IFC plans $52 million financing for Platcorp to expand MSME lending across Kenya, Uganda and Tanzania, targeting women-owned firms.

Feyisayo Ajayi Feyisayo Ajayi