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

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car ownership access.

Feyisayo Ajayi Feyisayo Ajayi

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

Nairobi-based Sidian Bank raises $23 million after profit jumps to Ksh1.47 billion ($11.4 million), strengthening capital for expansion.

Omokolade Ajayi Omokolade Ajayi

South Africa’s Nafasi Water lands $9.5 million Norfund investment

Nafasi Water lands $9.5 million backing from Norfund to scale water infrastructure, reuse, and mining rehabilitation projects in Southern Africa.

Timilehin Adejumobi Timilehin Adejumobi

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across Africa.

Omokolade Ajayi Omokolade Ajayi

Madaar launches $290 million Hillage project in Sheikh Zayed, Egypt

Madaar Developments is expanding its presence in Egypt’s real estate market with a $290 million residential project in Sheikh Zayed City, highlighting steady demand for upscale housing in West Cairo.  The launch of The Hillage comes at a time when developers are racing to secure limited land in one of Greater Cairo’s most in-demand areas. Improved roads and infrastructure have made the district more accessible, helping support property prices.  As available land tightens, large-scale projects are increasingly seen as long-term…

Oluwatosin Alao Oluwatosin Alao

Meet one of Morocco’s richest, Tazi family, with more than $650 million worth of shares

Tazi family’s $653 million Sothema stake cements control, reinforcing influence on Morocco’s pharmaceutical and healthcare landscape.

Feyisayo Ajayi Feyisayo Ajayi

Meet Julian Schonken: CEO of Zimbabwe’s $900 million food giant, Innscor Africa

Julian Schonken leads Innscor Africa, expanding Zimbabwe’s $900 million food group through investment, production growth and steady market demand.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s Spear REIT seals $27 million Watergate Centre retail deal

Spear REIT expands its Cape Town retail footprint with a $27 million Watergate Centre deal targeting steady income growth.

Timilehin Adejumobi Timilehin Adejumobi

Eskom urged to shift grid control to NTCSA amid South Africa power strain

South Africa’s power sector is under fresh strain as tensions rise between Eskom and independent power producers, sharpening concerns about grid access, energy security and the pace of renewable energy investment.  A recent court ruling has brought the issue into sharper focus, raising questions about how scarce grid capacity is shared in one of Africa’s tightest electricity markets. Demand for solar, wind and battery storage projects is growing, but limited transmission capacity is slowing new connections.  For investors, the dispute…

Oluwatosin Alao Oluwatosin Alao