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
Ezz Steel Algeria expansion
Elsewedy Electric Saudi expansion

Elsewedy Electric deepens Saudi Arabia push with $3 billion project pipeline

Elsewedy Electric deepens Saudi Arabia push with $3 billion projects as international revenue climbs to 70% of total.

Feyisayo Ajayi Feyisayo Ajayi
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Mr Price targets African expansion after Europe entry
African expansion

South Africa’s Mr Price targets new African market after Europe entry

South African retailer Mr Price Group is tightening its focus on international growth, with plans to enter another African market even as it expands into Europe through a key acquisition.  The Durban-based clothing and homeware chain is moving to meet rising demand for affordable goods, as high living costs push shoppers toward discount brands. Across many emerging markets, value retail is gaining ground, creating openings for companies that can keep prices low and supply steady.  For Mr Price, the shift…

Oluwatosin Alao Oluwatosin Alao
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Court backs Equity Bank in loan recovery
Court backs Equity Bank in loan recovery

Kenyan court clears Equity Bank to auction Riverside office block over $9.5 million default

Kenyan court clears Equity Bank to auction Nairobi office block over $9.5 million loan default, dismissing Chase Bank’s bid to halt sale.

Feyisayo Ajayi Feyisayo Ajayi
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Acsion hotel construction contract

Acsion approves $1 million hotel contract variation in related-party deal

Acsion approves $1 million variation orders on a related-party hotel contract, raising total project value to R104.75 million ($6.28 million).

Feyisayo Ajayi Feyisayo Ajayi
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Visa and Bank of Abyssinia expand partnership to boost digital payments
Bank of Abyssinia

Visa teams with Bank of Abyssinia to drive Africa digital finance

Global payments company Visa Inc. is deepening its presence in East Africa with a renewed agreement with Bank of Abyssinia, a move aimed at widening access to digital payments in Ethiopia.  The deal comes at a time when Ethiopia’s financial system is changing quickly. More people are using smartphones, regulators are opening the sector, and businesses are looking for faster, safer ways to move money without cash.  Digital payments are becoming central to everyday commerce, from small retailers to large…

Oluwatosin Alao Oluwatosin Alao
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TotalEnergies restarts Libya’s Mabruk oil field after nearly 10 years.
Africa energy

TotalEnergies reopens Libya oil field after decade, boosting Africa output

TotalEnergies has resumed production at Libya’s Mabruk oil field, bringing a key asset back online nearly 10 years after it was shut down during conflict. The restart adds fresh supply to Africa’s oil market and points to improving conditions for energy investment in the country.  The return of output reflects Libya’s slow recovery after years of disruption that forced international oil companies to scale back operations. As stability improves, global producers are beginning to re-engage with one of Africa’s largest…

Oluwatosin Alao Oluwatosin Alao
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Featured

South Africa’s Woolworths to buy $300 million convenience foods supplier, in2food

Woolworths to acquire in2food, boosting premium food supply, supply chain efficiency, and innovation under its existing management.

Omokolade Ajayi Omokolade Ajayi
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Zenith Bank
Adaora Umeoji

Nigeria’s Zenith Bank opens new branch in Manchester, expanding UK presence

Zenith Bank deepens UK presence with a Manchester branch aimed at growing cross-border trade and investment flows.

Timilehin Adejumobi Timilehin Adejumobi
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Cytonn asset auction Kenya
Cytonn asset auction Kenya

Kenya launches auction of Cytonn asset linked to Edwin Dande to recover $85 million for investors

Kenya auctions Cytonn real estate linked to Edwin Dande to recover $85 million, aiming to repay investors and restore confidence in structured investments.

Feyisayo Ajayi Feyisayo Ajayi
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