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

ECA launches plan to boost sustainable funding for Africa’s health systems

Africa’s health systems are facing renewed pressure as governments struggle to balance rising costs with limited public funds. For many families, the strain is personal — healthcare bills are still largely paid out of pocket, often pushing households deeper into poverty.  At the same time, policymakers are under growing pressure to deliver better services with tighter budgets. Health spending remains below expectations in many countries, even as populations expand and demand for care rises.  Against this backdrop, the UN Economic…

Oluwatosin Alao Oluwatosin Alao

Kenya’s Rafiki Microfinance Bank founded by Daniel Mavindu loses $1.6 million tax case

Rafiki Microfinance loses tax appeal as tribunal upholds $1.6 million assessment on suspended interest, backing Kenya Revenue Authority.

Feyisayo Ajayi Feyisayo Ajayi

Nairobi’s Gigiri attracts $8.4 million hotel investment amid diplomatic demand

Private investor plans $8.4 million, 185-suite hotel in Nairobi’s Gigiri, targeting diplomatic, corporate, and expatriate demand growth.

Feyisayo Ajayi Feyisayo Ajayi

Equatorial Guinea plans subsea cable to boost internet reliability 

Equatorial Guinea eyes Medusa subsea cable to boost internet speed, expand capacity and cut data costs by 2030 under new infrastructure plan.

Timilehin Adejumobi Timilehin Adejumobi

Somalia prepares for historic first offshore oil drilling

Somalia is preparing to embark on a historic step in its energy sector with its first-ever offshore oil drilling campaign. A Turkish government-owned drilling vessel, Çağrı Bey, is expected to arrive off the Somali coast in the Arabian Sea this Friday. Officials say the project could mark a transformative moment for the country’s economy and energy development.  The move follows seismic surveys conducted last year by a Turkish research vessel, which mapped promising offshore hydrocarbon sites. Petroleum Minister Dahir Shire…

Oluwatosin Alao Oluwatosin Alao

Egypt, Jordan boost SME support, deepen trade ties across region

Egypt and Jordan are stepping up efforts to support small businesses and expand trade, as both countries look to open new channels for investment and strengthen economic links across the region.  The push brings together two key institutions — Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) and the Jordan Enterprise Development Corporation (JEDCO) — at a time when governments are paying closer attention to the role of small firms in driving jobs and exports.  In both countries, small…

Oluwatosin Alao Oluwatosin Alao

Growthpoint CEO Norbert Sasse pockets $1.9 million salary in 2025

Growthpoint CEO Norbert Sasse earns $1.85 million in 2025, up 14.5%, ahead of his planned June 2026 retirement.

Feyisayo Ajayi Feyisayo Ajayi

Vodacom Tanzania invests $28 million in Kenya digital payments upgrade    

Vodacom Tanzania invests $28 million to upgrade M-Pesa, boosting security, reliability, and digital payments across East Africa.

Timilehin Adejumobi Timilehin Adejumobi

Kenya fuel executives resign as state probes fuel scarcity, supply chain issues

Three Kenyan fuel executives resign as authorities investigate supply manipulation, shortages, and emergency imports.

Omokolade Ajayi Omokolade Ajayi