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.

Egyptian billionaire Samih Sawiris deepens Morocco bet with $235 million tourism project

Egyptian-Emirati investors commit $235 million to Morocco tourism project, signaling rising cross-border capital into high-growth markets.

Feyisayo Ajayi Feyisayo Ajayi

Mauritius-based flower farm to receive $13 million for expansion in Ethiopia, Kenya

Mauritius-based Star Bright Holdings is set to receive $13 million from IFC to expand flower farms in Kenya and Ethiopia…

Omokolade Ajayi Omokolade Ajayi

Carrefour charts African dominance, targets 22 countries by 2030

Carrefour accelerates African expansion, targeting 22 countries by 2030 through local partnerships and competitor market gaps.

Feyisayo Ajayi Feyisayo Ajayi
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African ports miss out as Hormuz disruption reroutes shipping via Cape routes

African ports see minimal gains as Hormuz tensions divert global shipping via Cape routes, extending voyages and reshaping trade flows.

Omokolade Ajayi Omokolade Ajayi

Bram Fischer mall in Johannesburg heads to auction next week

A well-established shopping centre in Johannesburg is set to go under the hammer next week, offering investors a chance to acquire a fully operating commercial asset in one of the city’s busiest retail districts.  The Bram Fischer Shopping Centre in Randburg will be auctioned on May 12, in a sale that comes as demand for quality income-producing commercial property remains steady in South Africa’s largest city.  Located along the busy Bram Fischer Drive, the mixed-use centre has built its appeal…

Oluwatosin Alao Oluwatosin Alao

Apollo Agriculture gets $2.1 million to finance 24,000 Kenyan farmers

Apollo Agriculture secures $2.1 million in local currency debt to fund 24,000 Kenyan farmers via securitised buy-now-pay-later model financing

Feyisayo Ajayi Feyisayo Ajayi

Power shortage stalls Kenya’s $1billion Microsoft data center project

Kenya’s ambition to position itself as East Africa’s digital infrastructure hub has hit a setback after a $1 billion data center project backed by Microsoft and G42 was delayed due to insufficient electricity supply. President William Ruto said the country’s current power capacity cannot sustain the scale of the proposed facility, exposing structural weaknesses in Kenya’s energy system. Energy gap undermines timeline The data center, first unveiled during Ruto’s 2024 state visit to Washington, was scheduled for completion by May…

Timilehin Adejumobi Timilehin Adejumobi

South African executive Arno Daehnke takes $4.9 million pay from Standard Bank in 2025, to retire in 2027

Arno Daehnke earned $4.9 million in 2025 as Standard Bank posted strong growth ahead of his planned 2027 retirement.

Feyisayo Ajayi Feyisayo Ajayi

Nigeria’s Access Bank to sell foreign units after Central Bank order

Access Bank plans to scale back foreign units after Central Bank of Nigeria caps overseas exposure at 10% of shareholders’ funds.

Timilehin Adejumobi Timilehin Adejumobi

New Visa office signals Ethiopia’s rising role in Africa’s payments market

Visa, a global leader in digital payments, is deepening its presence in Africa with the opening of a new office in Addis Ababa, Ethiopia, a move that reflects the country’s growing influence in the region’s financial services industry.  The expansion comes as Ethiopia works to modernize its payments system, widen access to banking services and create more room for financial technology firms to grow. For global payments companies, the country is increasingly seen as one of Africa’s most promising digital…

Oluwatosin Alao Oluwatosin Alao

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