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

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 Timilehin Adejumobi

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 Omokolade Ajayi

Oando Plc plans $164 million rights issue to strengthen its capital base

Oando Plc seeks $164.4 million via rights issue to boost capital, support growth, and strengthen its position in Nigeria’s oil sector.

Feyisayo Ajayi Feyisayo Ajayi

Mauritius-based MCB Group posts $315 million profit as earnings climb 15%

Mauritius-based MCB Group posts $315 million profit, up 15%, with assets exceeding $23 billion and global operations expanding.

Omokolade Ajayi Omokolade Ajayi

Africa’s 20 most valuable companies in 2026

Africa’s 20 most valuable stocks in 2026 reflect mining strength, telecom growth, and financial dominance across major exchanges.

Feyisayo Ajayi Feyisayo Ajayi

Kerten Hospitality drives growth with bold 2026 expansion plans

Kerten Hospitality is stepping into 2026 with a strong push to expand across the Middle East, Africa and Europe. The company began the year by signing deals for 1,000 new hotel keys in January, building on a record 2025 that drew rising interest from investors focused on lifestyle-led properties.  Industry observers say the group’s strategy is rooted in steady growth, careful market selection and a focus on design-led hospitality concepts that appeal to modern travelers. The early activity in 2026…

Oluwatosin Alao Oluwatosin Alao

IFC partners with Dashen Bank for $20 million SME financing in Ethiopia

IFC, Dashen Bank launch $20 million SME finance in Ethiopia, boosting agribusiness and women-led enterprise growth.

Feyisayo Ajayi Feyisayo Ajayi

Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major milestone, becoming Africa’s third-richest person with a net worth of $11 billion. The surge, driven by a single-day gain of $560 million, comes barely three weeks after he surpassed the $10 billion mark. According to Forbes, Rabiu is now the world’s 278th richest individual, surpassing South African billionaire Nicky Oppenheimer, heir to the De Beers diamond fortune, whose net worth stands at $10.6 billion, ranking him 294th globally.…

Omokolade Ajayi Omokolade Ajayi

Nigerian billionaire Adebayo Ogunlesi loses $100 million as BlackRock hits $14 trillion

Adebayo Ogunlesi’s net worth drops to $2.4 billion amid BlackRock stock decline despite reaching $14 trillion in assets under management.

Omokolade Ajayi Omokolade Ajayi