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.

Accor signs deal with MAVEN to launch TRIBE Ain Sokhna, first entry into Egypt

Accor signs deal with MAVEN to launch TRIBE Ain Sokhna at Baymount, marking its first hotel entry into Egypt’s Red…

Timilehin Adejumobi Timilehin Adejumobi

Uganda eyes first Sukuk to fund $3.2 billion railway expansion

Kampala turns to Islamic finance and Western lenders to revive a stalled regional rail megaproject.

Timilehin Adejumobi Timilehin Adejumobi

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

South Africa’s CHARGE rolls out off-grid solar EV stations on key highway

South Africa’s electric vehicle infrastructure rollout is gaining ground along one of its most important freight routes, as private developers move to work around persistent limits in the country’s electricity system. The latest step comes from Zero Carbon Charge (CHARGE), which has begun deploying off-grid, solar-powered EV charging stations on the Johannesburg-to-Durban N3 corridor.  The initiative highlights a practical shift in how EV infrastructure is being built in South Africa. Instead of relying on the national grid, developers are increasingly…

Oluwatosin Alao Oluwatosin Alao

Nigerian billionaire Abdul Samad Rabiu’s net worth jumps $606 million in one day, nears $20 billion

Abdul Samad Rabiu’s net worth jumps $606 million in a day to $19.7 billion, driven by strong gains in BUA Cement shares.

Omokolade Ajayi Omokolade Ajayi

Tanzania’s NMB Bank secures $100 million SME loan from World Bank arm 

NMB Bank secures $100 million IFC loan to expand SME lending, targeting women-owned businesses in Tanzania’s growing banking market.

Feyisayo Ajayi Feyisayo Ajayi

South Africa’s Vukile raises $168 million for Italy expansion

South Africa’s Vukile raised $168 million on the JSE to fund Italy retail acquisitions and expand its European footprint.

Timilehin Adejumobi Timilehin Adejumobi

South Africa’s Balwin to delist as PIC-backed consortium offers $67 million buyout 

Balwin set to go private in R1.12 billion ($67 million) deal, offering shareholders a premium exit amid liquidity challenges and valuation pressures.

Feyisayo Ajayi Feyisayo Ajayi

Axian Telecom’s Oracle deal begins rollout as Yas moves to unify operations across Africa

Axian Telecom rolls out Oracle ERP as Yas unifies operations across Africa, integrating finance, supply chain and digital systems.

Omokolade Ajayi Omokolade Ajayi

Spearhead Africa, led by Ngatia Kirungie, set for $27 million fund debut on Nairobi bourse

Nairobi Securities Exchange plans to list Spearhead Africa Infrastructure Fund, a $27 million vehicle unlocking capital for Kenya projects drive.

Feyisayo Ajayi Feyisayo Ajayi

Giflo Property Developers, Som Group to build $35 million Cape Town office hub

Cape Town’s northern suburbs are set for a new wave of commercial expansion as Giflo Property Developers and Som Group move ahead with a $35 million joint venture to build the CapeGate Office Precinct in Brackenfell. The 50/50 partnership reflects rising demand for modern office space closer to where people live, as companies reassess long-standing ties to the Cape Town central business district.  The project, scheduled for completion in 2027, introduces a P-grade office development into one of the Western…

Oluwatosin Alao Oluwatosin Alao

Kenya’s DTB reports strongest quarterly profit at $24.6 million in Q1 2026

DTB Group profit rises to $24.6 million in Q1 2026 as lending income grows despite higher loan-loss provisions and credit pressures.

Omokolade Ajayi Omokolade Ajayi