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.

Stefanutti stocks shows recovery with over $960 million order book

Stefanutti Stocks’ R15.3 billion ($960.52 million) order book and debt cut signal recovery, positioning the group for steady infrastructure growth.

Feyisayo Ajayi Feyisayo Ajayi

Egypt’s real estate push gets $500 million boost from Gulf investors

Egypt’s property sector gains a $500 million boost as Delta Capital and UAE investors launch mixed-use projects.

Timilehin Adejumobi Timilehin Adejumobi

Natie Kirsh hits $17.7 billion, overtakes Johann Rupert as Africa’s No. 2

The latest figures show a clear shift at the top, with Kirsh moving ahead of Johann Rupert and widening the…

Omokolade Ajayi Omokolade Ajayi
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Spear REIT expands Western Cape push with new acquisition talks after $60 million raise

Spear REIT advances Western Cape expansion plans after raising R1 billion ($60.2 million), pursuing new income-generating property acquisitions.

Omokolade Ajayi Omokolade Ajayi

Africa’s richest man Aliko Dangote advances $45 billion expansion with 10,000-hectare Nigerian port

Aliko Dangote’s conglomerate begins work on a 10,000-hectare Ogun deep-sea port to expand exports, logistics and industrial capacity in Nigeria.

Omokolade Ajayi Omokolade Ajayi

Tony and Awele Elumelu named on TIME100 Philanthropy list as TEF lifts 2.1 million Africans out of poverty

TIME100 honors Tony and Awele Elumelu as TEF impact reaches 2.1 million Africans lifted from poverty through entrepreneurship programs.

Omokolade Ajayi Omokolade Ajayi

Inospace eyes $60 million industrial expansion after asset sell-out

South Africa’s Inospace targets $60m+ acquisitions after R545m asset sales, boosting SME industrial and logistics real estate growth.

Timilehin Adejumobi Timilehin Adejumobi

Kenya Court halts $1.9 billion Safaricom stake sale to Vodacom  

Kenya’s High Court blocks $1.9 billion plan to sell a 15% Safaricom stake to Vodacom, citing constitutional concerns and valuation disputes.

Timilehin Adejumobi Timilehin Adejumobi

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