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.

Kenyan investment giant Centum consolidates control of Akiira geothermal project with $1.8 million buyout

Centum Investment raises Akiira Geothermal stake to 85% with $1.8 million buyout, seeking partners to revive the stalled Rift Valley…

Feyisayo Ajayi Feyisayo Ajayi

Adenia, Proparco to sell OCS Group operations in Morocco, Senegal  

Adenia and Proparco sell OCS Group in Morocco and Senegal to Retail Holding and Amethis, boosting local operations.

Timilehin Adejumobi Timilehin Adejumobi

Moroccan Royal-backed Al Mada sees $270 million gain from Attijariwafa Bank shares

Al Mada’s 46.54% stake gained $270 million in 2026 as its holdings rose to $8.24 billion amid steady market growth.

Feyisayo Ajayi Feyisayo Ajayi
- Advertisement -
Ad imageAd image
Latest Business News

South Africa’s MC Mining cedes majority control to KDG in a $90 million deal 

MC Mining hands KDG a 51% stake in a $90 million deal, accelerating development of South Africa’s Makhado coal project.

Feyisayo Ajayi Feyisayo Ajayi

Absa Kenya plans $774 million asset finance push to spur SME growth

Absa Bank Kenya rolls out $774 million asset finance program to boost SME growth, offering full equipment funding amid tight credit conditions.

Feyisayo Ajayi Feyisayo Ajayi

Nigeria’s Presco declares $11 million dividend as 2025 profit hits $88.7 million

Nigeria’s largest palm oil processor, Presco, declares $11 million dividend as 2025 profit rises to $88.7 million on stronger revenue and margins.

Omokolade Ajayi Omokolade Ajayi

Zambia delays U.S. health deals amid dispute over minerals and data access

Zambia’s dispute with Washington over a proposed $2 billion health funding package is highlighting growing tensions across Africa over foreign aid conditions, critical minerals access and data privacy rules. The talks, still ongoing but stalled, have become part of a wider debate over how development financing intersects with resource diplomacy on the continent.  At issue is a U.S. proposal that would support Zambia’s health sector over five years while also opening discussions on access to critical minerals. Zambian officials say…

Oluwatosin Alao Oluwatosin Alao

Nigeria’s youngest dealmaker Folasope Aiyesimoju’s portfolio on the Nigerian Exchange nears $200 million

Aiyesimoju’s stakes in UACN, CAP and UPDC near $200 million as dividend demand drives Nigerian equities rally.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Transnet wins $352 million French funding for clean ports

South Africa’s state-owned logistics operator Transnet and France, through Agence Française de Développement, have signed a $352 million loan agreement worth about R5.86 billion. The deal is aimed at helping South Africa modernize its ports and freight rail network while reducing emissions across key transport corridors.  The agreement comes as South Africa continues to wrestle with persistent freight rail delays, congested ports and deteriorating infrastructure. These challenges have slowed exports, raised logistics costs for businesses and weighed on performance in…

Oluwatosin Alao Oluwatosin Alao

Trafigura targets stake in South Africa’s Natref refinery

Trafigura, a leading independent global commodities trader, is among a trio of global commodities traders competing for a 36.36% stake in South Africa’s Natref refinery, underscoring renewed international interest in strategic African energy infrastructure. The Singapore-based commodities giant is facing competition from industry rivals Vitol and Glencore as bidding advances for the minority holding in the 108,500-barrel-per-day refinery. The stake became available after the collapse of Prax Group, the British energy company that acquired the holding from TotalEnergies two years…

Timilehin Adejumobi Timilehin Adejumobi

Egypt’s Edita secures $9.3 million loan to expand production capacity

Edita secures $9.3 million loan to boost production capacity after strong earnings growth and rising demand for packaged foods in Egypt.

Feyisayo Ajayi Feyisayo Ajayi

After growing Zenith Bank to $23 billion in assets, Nigerian banking titan Jim Ovia retires

Jim Ovia retires after growing Zenith Bank to $23 billion in assets, closing a 30-year era that shaped one of Africa’s top lenders.

Omokolade Ajayi Omokolade Ajayi