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

Kofisi shuts Nairobi offices after $3.2 million loss, focuses on premium workspaces

Kofisi shuts Nairobi’s Karen and Upper Hill branches after $3.2 million loss, refocusing on flagship Westlands, Riverside offices.

Feyisayo Ajayi Feyisayo Ajayi

10 biggest aviation carriers in Africa

Africa’s top airlines rebound in 2024 as passenger traffic, cargo demand and state investment drive expansion across global routes and hubs.

Feyisayo Ajayi Feyisayo Ajayi

10 African countries with the most iron reserves

Africa’s iron ore powerhouses hold billions of tonnes, attracting global miners, boosting exports, jobs, infrastructure and reshaping regional economies.

Feyisayo Ajayi Feyisayo Ajayi

The $1 billion project reshaping Zanzibar’s tech ambitions

At a Glance Zanzibar is making a calculated push to become East Africa’s next technology center, unveiling a $1 billion digital city designed to attract global tech firms, remote professionals and foreign capital. The project signals how smaller economies are competing for high-value digital work as geography plays a diminishing role in where companies operate.  Officials say the initiative is meant to broaden Zanzibar’s economic base, which has long relied on tourism and trade. By focusing on technology and cross-border…

Oluwatosin Alao Oluwatosin Alao

Kenya’s agribusiness, Sasini, swings to profitability after $4.4 million loss

Kenya’s Sasini Plc posts Ksh188 million ($1.46 million) profit in FY2025, reversing a $4.4 million loss as stronger coffee and macadamia prices lift earnings.

Feyisayo Ajayi Feyisayo Ajayi

Lucara targets $70 million private placement for Botswana’s Karowe expansion

Lucara moves to raise $70 million as it advances the high-value Karowe underground diamond project.

Timilehin Adejumobi Timilehin Adejumobi

10 biggest tea markets in Africa

Africa’s tea market heads toward $5.81 billion by 2030 as Kenya leads supply and Egypt, Morocco drive demand amid wellness trends and export growth.

Feyisayo Ajayi Feyisayo Ajayi

Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique and others

Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique, and across sub-Saharan Africa.

Editorial Team Editorial Team

Uchumi House Nairobi: Naivas-hosted 22-story property listed for $4.4 million

Uchumi House, Nairobi CBD’s 22-story prime property hosting Naivas, listed for $4.4 million, attracting investors to income-producing real estate.

Feyisayo Ajayi Feyisayo Ajayi