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.

Africa’s leading farm, Crookes Brothers, mourns loss of CFO and director Farzanah Mall

Crookes Brothers mourns CFO Nigel Naidoo and director Farzanah Mall, honoring their leadership in governance, risk oversight, and financial stewardship.

Feyisayo Ajayi Feyisayo Ajayi

After $132 million loss, Kenya Airways’ bailout hopes fade under tighter rules

The Kenya Civil Aviation Authority has introduced stricter conditions for state support, including debt guarantees and bailouts.

Omokolade Ajayi Omokolade Ajayi

Kenya’s $2.4 million Kagio ESP market nears completion in Kirinyaga

Kenya’s $2.4 million Kagio ESP market nears completion, promising modern stalls, jobs, and formal trade opportunities for over 1,000 traders.

Feyisayo Ajayi Feyisayo Ajayi
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Latest Business News

Jaiz Bank posts $5.7 million Q1 2026 profit after regulatory delays

Jaiz Bank posts $5.72 million Q1 profit, driven by sukuk income, rising deposits, and growing demand for Islamic banking products.

Feyisayo Ajayi Feyisayo Ajayi

Capital Hotels, IDC invest $16.2 million in Gqeberha as hospitality moves beyond cities

Capital Hotels and IDC open a $16.2 million Gqeberha hotel, as South Africa’s hospitality sector expands beyond major cities.

Timilehin Adejumobi Timilehin Adejumobi

IFC plans $23 million investment in Africa Go Green renewable fund 

IFC eyes $23 million follow-on investment in Africa Go Green Fund to expand renewable energy, green housing, and energy efficiency financing.

Feyisayo Ajayi Feyisayo Ajayi

Asahi Group advances $2.3 billion EABL bid with East Africa regulatory approval

Asahi Group nears $2.3 billion EABL acquisition after East Africa regulators waive takeover offer, clearing key M&A hurdle in beverage sector.

Timilehin Adejumobi Timilehin Adejumobi

World Bank plans $150 million Airtel Africa expansion in Congo, Kenya

IFC plans $150 million financing for Airtel Africa to expand telecom networks and refinance debt in Congo and Kenya markets.

Feyisayo Ajayi Feyisayo Ajayi

Vumatel secures approval for Herotel fiber network acquisition

Vumatel wins ICASA approval for its Herotel acquisition, expanding fibre broadband access across South Africa.

Timilehin Adejumobi Timilehin Adejumobi

I&M Group’s Rwanda arm secures $29 million Proparco MSME partnership

I&M Bank Rwanda secures $29.06 million Proparco guarantee to expand MSME lending, targeting women, youth, and high-impact sectors.

Feyisayo Ajayi Feyisayo Ajayi

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