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

10 most valuable real estate companies in Africa

Africa's listed property sector is expanding across markets, led by South African REITs and diversified firms driving urban growth investor returns.

Feyisayo Ajayi Feyisayo Ajayi

Tashas Group targets expansion with eight new brands in South Africa     

Tashas Group plans to introduce eight new hospitality brands in South Africa, expanding its portfolio across dining, retail and lifestyle segments.

Timilehin Adejumobi Timilehin Adejumobi

After $230 million Q1 profit, Zenith Bank opens Côte d’Ivoire subsidiary

Following $230 million Q1 profit, Zenith Bank launches Côte d’Ivoire subsidiary to deepen West African corporate banking expansion.

Omokolade Ajayi Omokolade Ajayi

Botswana’s Turnstar reports $26.1 million rental income; profit falls 64%

Gaborone-based property investment company Turnstar posts $26.1 million rental income; profit falls 64% amid valuation and FX losses.

Omokolade Ajayi Omokolade Ajayi

Safaricom’s CEO Peter Ndegwa pockets $2.3 million salary in 2025

Safaricom CEO Peter Ndegwa earned $2.28 million in 2025, up 16.6%, as profit declined despite revenue and asset growth.

Feyisayo Ajayi Feyisayo Ajayi

Nigerian billionaire Abdul Samad Rabiu becomes Africa’s second-richest as fortune hits $15.8 billion

Nigerian billionaire Abdul Samad Rabiu reaches $15.8 billion net worth, becoming Africa’s second-richest as BUA Cement shares rally.

Omokolade Ajayi Omokolade Ajayi

South African court denies bail to businessman Shaun Roos in $95 million Cape contracts case

Cape Town court denies bail to businessman Shaun Roos over $95 million corruption case tied to municipal contracts and bribery allegations.

Feyisayo Ajayi Feyisayo Ajayi

East Africa gains as Tanzania, Rwanda deepen economic ties

Trade links between Tanzania and Rwanda are entering a new phase as both countries move to strengthen cooperation in commerce, infrastructure and energy, underscoring a wider push for economic integration across East Africa.  The renewed partnership follows talks in Dar es Salaam between Samia Suluhu Hassan and Paul Kagame, where both leaders agreed to broaden cooperation in trade, investment, transport, energy, security and immigration.  Their discussions come as East African economies work to lower trade costs, improve transport networks and…

Oluwatosin Alao Oluwatosin Alao

Mauritius’ Zafiri fund targets $1 billion valuation with IFC’s $120 million off-grid push in Africa

Zafiri targets $1 billion valuation as IFC commits $120 million to expand off-grid energy and clean cooking access across Africa.

Feyisayo Ajayi Feyisayo Ajayi