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

Labat Africa buys $1.8 million stake in Mozambique AI firm Mondau

Labat Africa buys $1.8 million stake in Mozambique AI firm Mondau, expanding into generative AI, GPU infrastructure and Africa’s digital finance ecosystem.

Feyisayo Ajayi Feyisayo Ajayi

European Investment Bank commits $1.2 billion to boost renewable energy in Africa

European Investment Bank pledges $1.2 billion to expand renewable energy and electricity access across sub-Saharan Africa under Mission 300.

Feyisayo Ajayi Feyisayo Ajayi

IFC proposes $50 million guarantee for ZEP-RE to expand insurance coverage across Africa

IFC proposes a $50 million guarantee for ZEP-RE to boost underwriting capacity and expand insurance access across African markets.

Feyisayo Ajayi Feyisayo Ajayi

Ford Expands retail strategy across South African auto dealers

Ford Motor Company is expanding a new retail concept across South Africa as the automaker adapts its dealership network to changing customer habits in the digital age.  Across the auto industry, buyers are increasingly starting their vehicle search online, comparing models, prices and features before stepping into a showroom. Yet dealerships remain an important part of the purchase process, where customers see vehicles up close, ask questions and build confidence before making a decision.  Ford’s latest retail initiative aims to…

Oluwatosin Alao Oluwatosin Alao

Kenyan cement tycoon Benson Ndeta faces arrest over $34.8 million Absa Bank fraud

Kenyan cement executive Benson Ndeta faces arrest after court warrant over alleged $34.8 million Absa Bank Kenya fraud scheme.

Feyisayo Ajayi Feyisayo Ajayi

Jubilee Holdings to sell Nairobi CBD office for $15.5 million

Jubilee Holdings to sell Nairobi CBD office for $15.5 million, moving operations to modern Upper Hill headquarters.

Feyisayo Ajayi Feyisayo Ajayi

Italian oil giant Eni splits Nigeria’s OPL 245 into four licenses

Italy’s Eni and Nigeria finalize the OPL 245 split, ending years of legal disputes

Timilehin Adejumobi Timilehin Adejumobi

Apple Pay launches in Egypt with Network International support

Egypt’s push toward a cash-light economy is gathering pace as banks and fintech firms roll out new digital payment options for consumers. Across the country, financial institutions are investing in mobile payment technology as more Egyptians choose to pay with smartphones rather than cash.  The latest step in that shift is the launch of Apple Pay in Egypt, supported by payments technology firm Network International. The service allows customers to make contactless payments using Apple smartphones, adding another option to…

Oluwatosin Alao Oluwatosin Alao

Proparco grants Rawbank $50 million loan to expand SME financing in DR Congo

Proparco grants Rawbank $50 million loan under IFC-led $265 million package to expand SME lending, boost private sector growth and support jobs in DR Congo.

Feyisayo Ajayi Feyisayo Ajayi