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

KCB eyes $54 million windfall from Prime Kenya land sale

KCB Group Plc, East Africa’s largest banking group by assets, is moving ahead with plans to raise about $54 million, or roughly Sh7 billion, from the sale of a long-disputed 2,000-acre parcel in Mavoko, Athi River. The land, tied to a past loan settlement, has become one of the bank’s most complex recovery cases in recent years.  The lender is trying to turn the asset into cash as part of a wider effort to tidy up its balance sheet and…

Oluwatosin Alao Oluwatosin Alao

Ghana approves final review of $3 billion IMF program amid economic reforms

Ghana completes final IMF review of $3bn program as reforms, gold exports and cedi gains drive economic stabilization.

Timilehin Adejumobi Timilehin Adejumobi

Zambia’s ZCCM eyes bigger stakes in Africa’s copper mines

ZCCM seeks larger stakes in Zambia’s copper mines as Africa races to benefit from rising global demand for critical minerals.

Timilehin Adejumobi Timilehin Adejumobi

Nigerian oil tycoon Mohammed Indimi’s Jaiz Bank stake slips under $100 million

Jaiz Bank stake held by Mohammed Indimi falls below $100 million as shares drop 37% amid reporting delays and weak sentiment in Nigeria’s market

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Eskom, Swiss Firm launch next-generation battery project

South Africa is stepping up efforts to overhaul its power sector as state-owned utility Eskom joins forces with Swiss energy storage company Energy Vault to develop a large-scale gravity battery project aimed at cutting the country’s dependence on coal.  The project will be built at Eskom’s Hendrina Power Station in Mpumalanga, a coal-fired plant that has supplied electricity to South Africa for decades. The initiative forms part of a wider plan to strengthen the national grid and support the country’s…

Oluwatosin Alao Oluwatosin Alao

MCB Group’s nine-month profit hits $314 million amid tax surge

MCB Group posts $314 million nine-month profit as higher taxes offset strong operating income and improved asset quality.

Feyisayo Ajayi Feyisayo Ajayi

Billionaire Motsepe-backed GoTyme Bank turns employees into shareholders   

GoTyme Bank, backed by Patrice Motsepe, grants employees equity stakes as Tyme Group scales across Africa and Asia.

Timilehin Adejumobi Timilehin Adejumobi

Co-op Bank opens 2026 with $65 million under Gideon Muriuki

Co-op Bank posts $65 million Q1 profit as digital lending, deposits, and interest income growth drive strong earnings under Gideon Muriuki.

Feyisayo Ajayi Feyisayo Ajayi

KFC bets big on South Africa with 100 new restaurant openings

KFC, the world's second-largest restaurant chain is planning a major expansion in South Africa, adding 100 new restaurants over the next year as it doubles down on its largest market on the continent. The move is expected to strengthen the chain’s lead in the country’s highly competitive fast-food industry.  The fried chicken brand already operates more than 1,200 outlets in South Africa, making the country its fifth-largest market globally. For decades, KFC has remained one of the most recognizable restaurant…

Oluwatosin Alao Oluwatosin Alao