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.

Latest Business News

South African exports soar to $3.36 billion high

This marks a significant milestone for South Africa’s farming sector, which continues to expand amid favorable global commodity prices.

Timilehin Adejumobi Timilehin Adejumobi

From markets to mobiles: The future of African retail

A growing number of Africans are bypassing traditional banking systems to shop online with unprecedented ease.

Oluwatosin Alao Oluwatosin Alao

Tanzania unveils ambitious satellite city project in Dodoma

Tanzania launches a smart satellite city near Dodoma to attract foreign investment, address diplomatic housing needs, and promote green infrastructure in line with Vision 2025.

Timilehin Adejumobi Timilehin Adejumobi

Iconic Tower: Africa’s tallest skyscraper, hosting Egypt’s Central Bank and stock exchange

Egypt’s 393.8-meter Iconic Tower, now Africa’s tallest skyscraper, anchors a bold economic shift in the heart of Egypt’s New Administrative Capital.

Feyisayo Ajayi Feyisayo Ajayi

Top 14 Reinet Investments as of March 2025

Reinet’s NAV climbed 11.85% to €6.92 billion ($7.91 billion) in March 2025 as it shifted focus from BAT to high-growth assets in biotech, tech, private equity, and gold.

Feyisayo Ajayi Feyisayo Ajayi

MCB Group’s $2.55 billion market cap cements spot as Mauritius’ most valuable company

MCB Group, Mauritius’ top bank, is expanding across Africa, with strong profits, rising dividends, and a growing international footprint.

Omokolade Ajayi Omokolade Ajayi

NMB Bank retains lead as Tanzania’s most valuable lender

NMB Bank tops Tanzania’s financial sector with record profit, digital growth, and a $1.17 billion market cap as of May 2025.

Feyisayo Ajayi Feyisayo Ajayi

Cairo tops list of Africa’s best cities for 2025

With a metro population exceeding 23 million a staggering rise from just 2.5 million in 1950, Cairo is among the fastest-growing megacities globally.

Timilehin Adejumobi Timilehin Adejumobi

Attijariwafa bank: Morocco’s biggest company is now worth over $15 billion

Attijariwafa bank posts strong 2024 growth, boosting profits, assets, and market share while solidifying its position as Morocco’s most valuable and influential lender.

Omokolade Ajayi Omokolade Ajayi