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
Gulf Energy Kenya oilfields
Featured

Gulf Energy clears $30.8 million payment to Tullow, takes helm of Kenya’s oilfields

Gulf Energy completes $30.8 million payment to Tullow, gaining full control of Kenya’s Turkana oilfields and first oil prospects.

Feyisayo Ajayi Feyisayo Ajayi
Read More
Dangote Tanzania refinery
Africa

As petrol rises 84% in Nigeria, Dangote refinery sends fuel to Ghana, 4 others

As petrol rises 84% in Nigeria, Dangote refinery boosts regional exports, shipping 456,000 tonnes of refined fuel to five African nations.

Omokolade Ajayi Omokolade Ajayi
Read More
IFC Mali agribusiness financing
Featured

IFC backs $22 million Mali agribusiness project with blended financing support

IFC plans €13 million ($15 million) financing for Mali wheat mill, boosting food security, local processing and climate-aligned infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Read More
Femi Otedola First HoldCo stake
Featured

Nigerian billionaire Femi Otedola, Samuel Babatunde Sule’s First HoldCo stake nears $700 million

Femi Otedola and Tunde Hassan-Odukale’s First HoldCo stake nears $700 million as banking stock rally lifts investor wealth on NGX.

Feyisayo Ajayi Feyisayo Ajayi
Read More
Mozambique seeks IMF support as debt rises

IMF mission set for Mozambique as debt concerns intensify

Mozambique is preparing to host a new mission from the International Monetary Fund, a move that highlights growing pressure on the government to steady its finances and reassure investors. The visit, expected in the coming months, comes as officials in Maputo look for ways to ease rising debt concerns and secure fresh support.  The talks arrive at a delicate time. Borrowing costs have climbed, and access to foreign funding has become more limited, leaving the government with fewer options to…

Oluwatosin Alao Oluwatosin Alao
Read More
I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
East Africa

Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

Nairobi-based lender I&M Group posts a $145 million profit in 2025 as total assets reach $5.3 billion.

Omokolade Ajayi Omokolade Ajayi
Read More
Chakib Alj Forafric acquisition Morocco
Chakib Alj Forafric acquisition Morocco

Moroccan industrialist Chakib Alj’s $179 million Forafric deal to reshape North Africa’s agro‑industrial sector

Chakib Alj targets a $179 million Forafric stake, aiming to reshape Morocco’s milling sector and strengthen food security.

Feyisayo Ajayi Feyisayo Ajayi
Read More
Workers sorting avocados at Kakuzi Plc processing facility in Kenya
Avocados

Kenya’s Kakuzi returns to profit, doubles dividend on $26.6 million avocado sales

Kakuzi Plc, the Nairobi-based agricultural firm partly owned by Kenyan businessman John Kibunga Kimani, returned to profit in 2025 after a loss a year earlier, supported by stronger avocado sales, lower costs, and stable income from forestry, livestock, and blueberries. The recovery led the company to double its dividend, signaling renewed operational confidence. Dividend doubles after profit recovery The leading agricultural company, headquartered in Nairobi and operating in Makuyu and Nandi Hills in Kenya, reported a net profit of Ksh387.6…

Omokolade Ajayi Omokolade Ajayi
Read More
Choppies profit decline
Botswana retail market

Botswana’s Choppies sees half-year profit fall to $5.6 million as retail pressures mount

Choppies profit falls 33% to $5.6 million as rising costs pressure margins despite steady revenue growth and expansion.

Feyisayo Ajayi Feyisayo Ajayi
Read More
Show More