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.

South African billionaire Patrice Motsepe’s net worth drops below $4 billion

The drop follows a recent slide in the shares of mining companies tied to Motsepe’s portfolio.

Omokolade Ajayi Omokolade Ajayi

CRDB Bank now Tanzania’s most valuable firm with over $1.8 billion valuation in 2026

CRDB Bank tops Dar es Salaam Stock Exchange with $1.83 billion valuation, outpacing NMB and KCB on investor confidence surge.

Feyisayo Ajayi Feyisayo Ajayi

Emirates, Wesgro team up to drive tourism to South Africa’s Western Cape

Emirates, Wesgro boost Western Cape tourism with more flights, global reach, and faster exports from Cape Town

Oluwatosin Alao Oluwatosin Alao
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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

Oando nears $500 million market cap on rising oil revenue outlook

Oando nears $500 million market cap as rising oil-linked earnings and geopolitical tensions lift investor sentiment in Nigeria.

Omokolade Ajayi Omokolade Ajayi

Ariana Resources secures $27.4 million to advance Zimbabwe mining project

Ariana Resources raises $27.4m via Zenit stake sale to fund Zimbabwe Dokwe gold project, boosting cash to $53m ahead of key milestones.

Timilehin Adejumobi Timilehin Adejumobi

Naivas expands retail network to 114 stores nationwide in Kenya as expansion continues

Naivas grows to 114 stores across Kenya, expanding its retail network amid rising demand for organized supermarkets and steady sales growth.

Omokolade Ajayi Omokolade Ajayi

South African Van der Walt brothers’ AttBid secures final approvals for $34 million RMH takeover

South Africa’s AttBid has secured final approvals to acquire RMH shares, making its mandatory offer unconditional and nearing completion now

Feyisayo Ajayi Feyisayo Ajayi