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.

Johnson Controls Arabia Raya Electronics partnership in Egypt
BusinessHot News

Johnson Controls Arabia partners with Raya Electronics to expand York HVAC footprint in Egypt

Johnson Controls Arabia partners with Raya Electronics to deliver York smart HVAC systems across Egypt’s fast-growing real estate sector.

Feyisayo Ajayi Feyisayo Ajayi
CIC Group debt repayment
BusinessHot News

Co-op Bank unveils holding company shift under Gideon Muriuki

Co-op Bank posts record $229.6 million profit, unveils holding company shift to drive regional expansion and efficiency.

Feyisayo Ajayi Feyisayo Ajayi
IFC $52 million Platcorp financing
BusinessHot News

IFC backs Platcorp with $52 million MSME funding to expand lending in East Africa

IFC plans $52 million financing for Platcorp to expand MSME lending across Kenya, Uganda and Tanzania, targeting women-owned firms.

Feyisayo Ajayi Feyisayo Ajayi
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Latest Business News
Zambia, U.S. stall $2 billion health deal over minerals and data concerns
copper supply chain Africa

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
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Aiyesimoju portfolio growth
Aiyesimoju portfolio growth

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
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South Africa’s Transnet secures $352 million French loan for ports and rail upgrade
freight rail

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
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Trafigura
African oil market

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
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Edita $9.3 million loan Egypt
Edita loan Egypt

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
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Jim Ovia, founder and former chairman of Zenith Bank.
Business

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
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Norbert Sasse, CEO of Growthpoint
Growthpoint CEO

Norbert Sasse: CEO of Growthpoint, South Africa’s largest real estate investment trust

Norbert Sasse leads Growthpoint Properties, South Africa’s largest REIT, driving expansion across global real estate markets.

Timilehin Adejumobi Timilehin Adejumobi
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Ethiopia

Ethiopia’s richest man Mohammed Al-Amoudi plans 10 hotels as wealth tops $9 billion

Mohammed Al-Amoudi plans 10 hotels in Ethiopia as wealth exceeds $9 billion, expanding MIDROC’s hospitality investments.

Omokolade Ajayi Omokolade Ajayi
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Africa property companies list
Africa property companies list

10 most valuable real estate companies in Africa

Africa's listed property sector is expanding across markets, led by South African REITs and diversified firms driving urban growth investor returns.

Feyisayo Ajayi Feyisayo Ajayi
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