What "The Circle of Life" is really saying
I don't think this one's as good as the first, but as I say, Disney sequels are never as good as the original movie.

MS: Male singer
BS: Backup singer (not bullsh-t)
FS: Female singer (lead)

(African gibbering ensues. Translated, it says:
(MS:) Here arrives a leo
(BS:) Affirmative, 'tis an African cat
(MS:) Here a king of the beasts draws near
(BS:) Oh, aye, it lives as a king of the jungle
(MS:) We shall defeat
(BS:) They are a lioness and a man-eater
(repeats 5)
(repeats 6 twice more)
(repeats 1))

Now for the familiar stuff.

(FS:)
Since the day we appeared on the world's surface
And, fluttering our eyelids, walk into the sun's blinding light
More exists to look at than can ever be viewed
More to get done than anyone can ever manage to do
There happens to be way to much to embrace in this place
More to hunt down than you'll ever be able to spot
But the great luminary disk pirouetting far up
Inside the blue precious gem empyrean
Retains huge and tiny on the never-ending curvy
It's the Flattened Sphere of Living
And it mobilizes everything
For the period of hopelessness and expectation
Throughout fidelity and passionate affection
Prior to us getting in our proper spot
On the straight trail
Inside the Ring
The Periphery of Entity
(FS:)
It happens to be the Orb of Animateness
And this thing impels all
From one side to the other of desperation and reliance upon the future
Clear through assurance and armativeness
To the day we hunt down our station
On top of the trod unresting
In the midst of the Aureole
The Vortex of Existence