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:

Minkama Capital’s acquisition strategy and its impact on Central African markets
Key mergers and acquisitions shaping Africa’s corporate landscape
Emerging sectors attracting global and regional investment

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

Aswan named D-8 Tourist City of the Year 2026, boosting Egypt’s tourism

African tourism

Egypt’s Aswan wins D-8 tourist City honor

Aswan has been named “Tourist City of the Year” for 2026 by the Developing-8 Organization for Economic Cooperation, marking the second straight year the southern Egyptian city has received the honor. The recognition followed a competitive process that included nominations from cities in Azerbaijan, Iran and Pakistan. The award reflects close coordination between Egypt’s foreign affairs and tourism authorities, who presented Aswan as a city where history, culture and modern travel facilities come together. Officials say the recognition strengthens Egypt’s…

Oluwatosin Alao February 18, 2026

Aliko Dangote, president of Dangote Group

Africa's richest man

Africa’s richest man Aliko Dangote gains $2.76 billion as cement shares surge

Africa’s richest man Aliko Dangote gains $2.76 billion as Dangote Cement rises, boosting his net worth to $32.7 billion.

Omokolade Ajayi February 18, 2026

Madagascar triples 15-day e-Visa fee as tourism rebounds

Africa Travel News

Madagascar raises short-stay e-visa costs amid policy shift

Madagascar has sharply increased the cost of its 15-day electronic visa, adding a new expense for travelers planning short stays on the Indian Ocean island. From Feb. 16, 2026, visitors applying for a 15-day e-Visa will pay $35.5, up from $11.83. The change applies only to the shortest stay option and does not affect visas issued on arrival or through embassies and consulates. Officials have not given a detailed explanation for the increase. The move comes as Madagascar works to…

Oluwatosin Alao February 18, 2026

Black South Africans

Black South Africans climb income ladder as unemployment hits lowest since 2020

Over the past three decades, a growing number of Black South African households have moved into higher income brackets. A University of Cape Town study by the Liberty Institute of Strategic Marketing shows that the share of Black households earning more than R75,000 ($4,672) per month rose to 41 percent in 2024, up from 29 percent in 2012. In the same period, the proportion of White households in that income group fell from 61 percent to 41 percent. Black South…

Omokolade Ajayi February 18, 2026

Democratic Republic of Congo mining

Glencore DRC land deal extends Kamoto output into 2040s

Glencore secures DRC land deal, extending Kamoto mine life to mid-2040s and reinforcing long-term copper output stability.

Feyisayo Ajayi February 18, 2026

Guinea’s GPC Groupe

TLG Capital closes $10 million Guinea real estate deal

TLG Capital closes $10 million deal with Kandara Immo, boosting Guinea’s commercial real estate with NSIA partnership.

Timilehin Adejumobi February 18, 2026

Johann Rupert, chairman of Richemont and Remgro Limited.

Featured

South Africa’s richest man, Johann Rupert, slips below $19 billion

South Africa’s richest man, Johann Rupert, chairman of Swiss luxury giant Richemont, has seen his net worth slip below the $19 billion mark, tempering earlier expectations that he could soon join the small circle of Africans worth more than $20 billion. At the start of the year, his fortune climbed as high as $19.7 billion, putting him within reach of a milestone that only Nigerian billionaire Aliko Dangote, whose net worth stands at $31.9 billion, has crossed on the continent.…

Omokolade Ajayi February 18, 2026