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.

Vodacom Tanzania invests $28 million in Kenya digital payments upgrade    

Vodacom Tanzania invests $28 million to modernize M-Pesa, improve security, and expand digital payments across East Africa.

Timilehin Adejumobi Timilehin Adejumobi

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

Spear REIT acquires Watergate Centre in Cape Town for $27 million, boosting its Western Cape retail portfolio with stable rental…

Timilehin Adejumobi Timilehin Adejumobi

10 African companies with key leaders retiring in 2025

Corporate Africa faces major leadership shifts in 2025 as top executives retire across banking, mining, retail, and cement sectors.

Feyisayo Ajayi Feyisayo Ajayi
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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

South African executive Tsholofelo Molefe takes $3.2-million pay from MTN in 2025

MTN CFO Tsholofelo Molefe’s pay jumped to $3.2 million in 2025 as the telecom giant rebounded to profit and expanded across key African markets.

Feyisayo Ajayi Feyisayo Ajayi

Bank of Botswana raises rates, first African central bank to act since war shock

Bank of Botswana raises rates to 5.5 percent, first African central bank to tighten policy after energy shock fuels inflation pressures across region.

Omokolade Ajayi Omokolade Ajayi

Egyptian tycoon Medhat Khalil’s family gains $173 million from Raya Holding in 2026

Medhat Khalil’s Raya stake jumps $173 million as shares rally on Egypt’s exchange, nearing a $350 million valuation in 2026.

Feyisayo Ajayi Feyisayo Ajayi

South African billionaire Patrice Motsepe’s net worth slips $100 million to $3.8 billion

Patrice Motsepe’s fortune declines to 3.8 billion as African Rainbow Minerals shares weaken after recent trading pressure.

Omokolade Ajayi Omokolade Ajayi

Axian Telecom rises after Oracle deal, ranks among Africa’s fastest-growing firms

Axian Telecom rises to No. 63 on the 2026 Financial Times list of Africa’s fastest-growing companies under Hassanein Hiridjee, driven by steady expansion across African markets.

Omokolade Ajayi Omokolade Ajayi

Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

The latest investment adds another chapter to Femi Otedola’s repositioning from oil and commodities into banking.

Omokolade Ajayi Omokolade Ajayi

Accor, Shoreline ink Nigeria hotel development agreement  

Accor and Shoreline Group have signed a hotel development deal to build up to 10 hotels across Nigeria, expanding Africa’s hospitality pipeline.

Timilehin Adejumobi Timilehin Adejumobi

Orascom opens 2026 with $53.4 million profit as U.S. backlog doubles to $2.9 billion

Orascom Construction posts $53.4 million Q1 profit; U.S. backlog doubles to $2.9 billion; MEA growth

Feyisayo Ajayi Feyisayo Ajayi