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

South Africa’s Emira Property Fund raises Octodec stake with $40.2 million cash offer

Emira Property Fund lifts Octodec stake, launches cash offer to reach 34.9%, signaling deeper push into South Africa’s listed property market.

Feyisayo Ajayi Feyisayo Ajayi

TMG hits $3.4 billion in market capitalization, becomes Africa’s second-largest listed REIT

TMG adds $300 million in value as profit jumps 42%, driven by record sales, SouthMED growth and regional expansion.

Feyisayo Ajayi Feyisayo Ajayi

Egypt’s Ezz Steel eyes $780 million Algeria expansion to boost regional footprint

Ezz Steel plans a $780 million Algeria expansion, boosting exports, capacity growth, and North Africa’s industrial footprint.

Feyisayo Ajayi Feyisayo Ajayi

Meet Niyi Toluwalope: Nigerian executive leading $140 million payments firm eTranzact

Niyi Toluwalope leads eTranzact, a $140 million Nigerian fintech firm expanding digital payments across Africa through infrastructure and public sector partnerships.

Timilehin Adejumobi Timilehin Adejumobi

EBRD lends $65 million to HAU Energy for solar and storage project in Egypt

The European Bank for Reconstruction and Development is expanding its support for Egypt’s clean energy push with a $65 million loan to finance a new solar and battery storage project.  The funding targets a key gap in Egypt’s power system as demand rises and the country leans more on renewable energy. Officials say combining solar generation with storage will help keep electricity supply steady, even when sunlight is limited.  The investment comes as Egypt works to cut its reliance on…

Oluwatosin Alao Oluwatosin Alao

Wema Bank reports N105 million insider loan linked to gaming tycoon Kessington Adebutu

Wema Bank discloses N105.84 million ($78,647) insider loan tied to Kessington Adebutu, highlighting related-party exposure and strong 2025 financial growth.

Feyisayo Ajayi Feyisayo Ajayi

PIF, Uber invest $750 million in Lucid as robotaxi push gains traction

Saudi Arabia’s push to invest beyond oil is intersecting with Silicon Valley’s race to develop self-driving transport, as Uber Technologies Inc., Lucid Group Inc. and an affiliate of the Public Investment Fund deepen a partnership backed by a combined $750 million commitment.  The agreement reflects a broader shift in the electric vehicle and autonomous driving space, where funding is increasingly directed toward vehicles built for fleets rather than individual ownership. Companies are focusing on lowering operating costs and improving efficiency…

Oluwatosin Alao Oluwatosin Alao

Angola’s Sonangol says Botswana has not sought stake in $6.6 billion Lobito refinery deal

Sonangol says Botswana has not formally sought a stake in the $6.6bn Lobito refinery as Angola works to close the funding gap.

Timilehin Adejumobi Timilehin Adejumobi

AFC disburses $50.6 million in Côte d’Ivoire’s first project finance green bond

Africa Finance Corporation disburses $50.6 million under Côte d’Ivoire’s first project finance green bond to fund a 66MW solar plant in Korhogo.

Timilehin Adejumobi Timilehin Adejumobi