Choppies retail expansion strategy Africa
BusinessHot News

How Choppies’ founder Ramachandran Ottapathu built a regional retail empire across Southern Africa

Retail entrepreneurs can learn scaling discipline from Choppies founder Ramachandran Ottapathu’s mass-market, supply-driven strategy.

Feyisayo Ajayi Feyisayo Ajayi
TPS Eastern Africa
BusinessHot News

Parent of Serena Hotels sees profit decline to $6.1 million as FX gains fade in Kenya

TPS Eastern Africa profit falls 40% to $6.1 million as FX gains fade, while revenue remains stable amid tourism resilience…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s Clientèle plans JSE exit amid low liquidity with premium share offer

Clientele plans JSE delisting with R19.9 ($1.18) share buyback, offering a 25.47% premium to unlock shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Bank dividend payout
BillionairesBusinessHot News

South African billionaire Tshepo Mahloele to pocket $22 million dividend after $840 million stake sale

Tshepo Mahloele eyes $22 million payout as Capitec Bank lifts dividend on strong earnings and rising customer activity.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares

The gain places him as the biggest mover on the NGX this week, reinforcing his standing among Africa’s richest individuals…

Omokolade Ajayi Omokolade Ajayi
African tech unicorns
BusinessHot News

10 most valuable companies on Johannesburg Stock Exchange

For investors, these 10 companies profiled by Shore Africa represent a blend of stability, growth, and exposure to Africa’s long-term…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Seplat Energy’s Q1 2026 profit rises to $37.9 million on higher oil prices

Seplat Energy, Nigeria’s largest listed energy producer, counts Nigerian billionaire Tony Elumelu as its biggest shareholder through Seplat Energy.

Omokolade Ajayi Omokolade Ajayi
UAC of Nigeria earnings report
BusinessHot News

UAC of Nigeria posts $10 million Q1 profit as CHI boosts revenue under Fola Aiyesimoju

UAC of Nigeria posts $10m profit, revenue triples as C.H.I. acquisition drives strong Q1 2026 consumer goods growth.

Feyisayo Ajayi Feyisayo Ajayi
BillionairesBusinessHot News

South African billionaire Koos Bekker hit by $500 million loss in share slide

The drop follows a steady slide in the shares of Naspers and its Amsterdam-listed unit Prosus, two companies central to…

Omokolade Ajayi Omokolade Ajayi
GTCO logo represented as a modular corporate structure highlighting its diversified financial services group.
BusinessHot News

GTCO’s Q1 profit slips to $158 million as valuation losses, higher taxes weigh on earnings

Despite the dip in quarterly profit, the group’s financial position strengthened. Total assets rose to N18.75 trillion ($13.63 billion) from…

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Nigerian billionaire Aliko Dangote’s Dangote Cement posts $233 million profit in Q1 2026

The Lagos-based cement maker reported profit of N321.1 billion ($233.8 million) for the three months ended March 31, up from…

Omokolade Ajayi Omokolade Ajayi
Africa supply chain finance facility
BusinessHot News

World Bank Group, Standard Chartered launch $300M Africa trade finance facility

Standard Chartered launch a $300 million facility to boost supply chain finance and ease SME liquidity constraints across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $103 million Q1 profit

The figures, drawn from the company’s unaudited financial statement, show steady earnings growth driven largely by improved margins rather than…

Omokolade Ajayi Omokolade Ajayi
Botswana Stock Exchange overview
BusinessHot News

Botswana’s top 5 listed companies above $500 million by market value

Botswana Stock Exchange tops $70 billion as five giants in mining, banking, and trade drive liquidity, growth, and regional investor…

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
BusinessHot News

Johannesburg-born banker Kenny Fihla takes $7.6 million pay from Absa in 2025

The payout reflects the scale of his transition between two of the continent’s biggest financial institutions.

Omokolade Ajayi Omokolade Ajayi
KoBold Metals’ Quebec exploration site, part of its North American push into lithium and nickel critical minerals for global energy transition supply chains.
BusinessHot News

Bill Gates-backed firm breaks ground on $2.5bn Zambia copper mine after $50m Congo lithium bet

The start of work at Mingomba comes just weeks after the company disclosed plans to invest $50 million in lithium…

Omokolade Ajayi Omokolade Ajayi
Reinet NAV decline 2026
BillionairesBusinessHot News

Reinet’s net asset falls to $7.7 billion as Johann Rupert’s firm faces market pressure

Reinet posts $7.73 billion NAV as market volatility drives annual decline despite steady long-term growth and diversified portfolio resilience.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu.
BusinessHot News

Tony Elumelu’s Transcorp posts Q1 profit above $27 million on hospitality gains

The group’s latest filing shows profit rose from N36.7 billion ($26.7 million) in the same period a year earlier.

Omokolade Ajayi Omokolade Ajayi
Capitec Gerrie Fourie board return
BusinessHot News

South Africa’s Capitec brings back former CEO Gerrie Fourie to board after cooling-off period

Capitec reappoints former CEO Gerrie Fourie to board after cooling-off period, strengthening governance and continuity amid strong earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Julius Mwale smart city Kenya
BusinessHot News

Julius Mwale’s $2 billion smart-city bet: Rise, ambition, questions surrounding Kenya’s developer

Julius Mwale advances a $2 billion healthcare-led smart city in Kenya, pitching a scalable model while facing scrutiny over execution…

Feyisayo Ajayi Feyisayo Ajayi
EU
BusinessHot News

EU backs Anglo-American and Sibanye-Stillwater in critical minerals push

EU grants ‘Strategic Project’ status to Anglo-American and Sibanye-Stillwater, fast-tracking key critical mineral projects vital to Europe's energy transition.

Private Equity
BusinessHot News

How private equity is creating new wealth in South Africa

Private equity drives jobs, tech adoption, and economic transformation.

Choppies retail expansion strategy Africa
BusinessHot News

How Choppies’ founder Ramachandran Ottapathu built a regional retail empire across Southern Africa

Retail entrepreneurs can learn scaling discipline from Choppies founder Ramachandran Ottapathu’s mass-market, supply-driven strategy.

Feyisayo Ajayi Feyisayo Ajayi
Family Bank CEO Nancy Njau at the 19th AGM
BusinessExclusive

Nancy Njau: Kenyan banker behind Family Bank’s $1.6 billion asset growth

Kenyan banker Nancy Njau leads Family Bank to $1.6 billion assets, driving SME growth and preparing for NSE listing in 2026.

Timilehin Adejumobi Timilehin Adejumobi
TPS Eastern Africa
BusinessHot News

Parent of Serena Hotels sees profit decline to $6.1 million as FX gains fade in Kenya

TPS Eastern Africa profit falls 40% to $6.1 million as FX gains fade, while revenue remains stable amid tourism resilience in Kenya.

Feyisayo Ajayi Feyisayo Ajayi
African Rail Company
BusinessHot News

African Rail Co. backs South Africa freight rail expansion with $170 million

African Rail Co. plans a $170 million investment to expand freight rail services across South Africa and Southern Africa.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake tops $1 billion on share rally

Tony Elumelu’s Seplat stake tops $1 billion as shares surge, boosting valuation and reinforcing his influence in Africa’s energy sector.

Omokolade Ajayi Omokolade Ajayi
First Quantum Minerals Ltd.
BusinessHot News

First Quantum turns acid supplier as Hormuz disruptions hit Zambia

First Quantum plans sulfuric acid sales in Zambia as Hormuz disruptions and global shortages tighten copper supply chains.

Timilehin Adejumobi Timilehin Adejumobi
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