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

Nigeria’s power sector bleeds $230 million over unpaid energy bills in Q1 2026

Nigeria’s power distributors lost $230 million in Q1 2026 as unbilled electricity, unpaid customer debts, and power theft deepened sector losses.

Omokolade Ajayi Omokolade Ajayi

Kenya’s cancer care drive gets boost with $4.7 million specialist hospital in Nairobi

RVL Healthcare to build a $4.7 million specialist cancer hospital in Nairobi to expand advanced oncology care in Kenya.

Omokolade Ajayi Omokolade Ajayi

Nigerian mogul Samuel Bolarinde’s Vitafoam stake nears $25 million

Samuel Bolarinde's Vitafoam stake nears $25 million as a major NGX rally drives the foam maker's market cap to $232 million.

Omokolade Ajayi Omokolade Ajayi

Johannesburg-based investor Genevieve Sangudi, partners lead Alterra to 10 exits in 30 months

Genevieve Sangudi and partners at Alterra have led 10 portfolio exits in just over 30 months, including the sale of TiAuto to Marubeni.

Omokolade Ajayi Omokolade Ajayi

Air Zimbabwe eyes London return via ACMI deal, boosting Africa ties

Air Zimbabwe is preparing to resume flights to London for the first time in more than 14 years, using an ACMI wet-lease arrangement with Spanish carrier Plus Ultra Líneas Aéreas. The move is aimed at restoring access to a key long-haul market and rebuilding links with one of its most important international routes.  Under a 13-month agreement starting July 1, Plus Ultra will operate flights between Harare and London Gatwick Airport using Airbus A330-200 aircraft. The ACMI model—covering aircraft, crew,…

Oluwatosin Alao Oluwatosin Alao

MTN targets Nigeria’s $236 billion credit gap with direct lending push

MTN Group plans to launch direct lending in Nigeria to target a $236 billion funding gap and disrupt African banking.

Omokolade Ajayi Omokolade Ajayi

Aliko Dangote’s plant boosts Nigeria’s fertilizer exports past $1 billion in Q1 2026

Nigeria's fertilizer exports topped $1 billion in Q1 2026, driven by Aliko Dangote's plant as urea outpaced major petroleum products.

Omokolade Ajayi Omokolade Ajayi

Brookside Dairy, owned by Kenya’s Kenyatta family, pays farmers $2 million

Brookside Dairy pays farmers KSh255 million ($2 million) under an incentive program tied to milk quality and output improvement.

Omokolade Ajayi Omokolade Ajayi

Volvo expands autonomous truck ambitions amid Africa logistics boom

Volvo expands autonomous trucking plans, targeting $3 billion revenue as global logistics demand and Africa freight needs rise.

Oluwatosin Alao Oluwatosin Alao