Dar es Salaam Stock Exchange
Hot NewsBusiness

Top 10 companies by market capitalization on Dar es Salaam Stock Exchange

Top 10 companies on the Dar es Salaam Stock Exchange ranked by market capitalization, highlighting Tanzania’s most valuable listed stocks.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe’s ARC moves to take 77.94% stake in Alexander Forbes

Africa's first billionaire, Patrice Motsepe’s ARC plans to raise its Alexander Forbes stake to 77.94% as Prudential Financial exits the…

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BusinessHot News

Ethiopia’s $10 billion man orders MIDROC to hire 40,000 local workers

Al-Amoudi framed the hiring target as part of MIDROC’s broader responsibility to Ethiopia, saying the group exists for the Ethiopian…

Omokolade Ajayi Omokolade Ajayi
South African developer Japie van Niekerk
BusinessHot News

South African developer Japie van Niekerk buys Kalahari Mall in Northern Cape deal

South African developer Japie van Niekerk has acquired Kalahari Mall in Upington, adding the regional retail centre to New Africa…

Omokolade Ajayi Omokolade Ajayi
Hend El-Sherbini IDH deal
BusinessHot News

Egyptian businesswoman Hend El-Sherbini’s IDH posts $16 million H1 2026 profit

IDH, led by Egyptian businesswoman Hend El-Sherbini, posts $16.1 million H1 2026 profit as revenue rises 37% on higher patient…

Feyisayo Ajayi Feyisayo Ajayi
Botswana tycoon Ramachandran Ottapathu
BusinessHot News

Ramachandran Ottapathu cleared to buy Engen Botswana in rare anti-monopoly power shift

The approval reshapes ownership in Botswana’s fuel market while imposing safeguards covering employment, independent dealers, distribution and citizen ownership.

Omokolade Ajayi Omokolade Ajayi
Namibia’s Capricorn Group
BusinessHot News

Namibia’s Capricorn Group logs $115M profit, holds payout despite dip

Earnings fell 6.4 percent from N$1.99 billion a year earlier as higher funding costs and weaker regional conditions weighed on…

Omokolade Ajayi Omokolade Ajayi
South Africa’s Momentum Group
BusinessHot News

South Africa’s Momentum Group hits $435 million earnings, raises dividend 31%

Momentum Group reported $435 million in normalized headline earnings for 2026, beating its long-term target a year early and raising…

Omokolade Ajayi Omokolade Ajayi
Airtel Africa Plc
TechnologyBusinessHot News

Airtel Money slashes London IPO target to $800M as investors balk at valuation

The move marks a sharp retreat from the company’s earlier goal of raising between $1.5 billion and $2 billion.

Omokolade Ajayi Omokolade Ajayi
World Bank
BusinessHot News

World Bank backs Ghana’s agriculture sector with $52.4 million financing package

World Bank’s IFC backs Ghana agriculture with $52.4 million to expand cocoa financing, farmer access to capital, inputs and markets.

Feyisayo Ajayi Feyisayo Ajayi
MCB
BusinessHot News

MCB completes Africa’s first electronic Bill of Exchange after its $1 billion trade commitment 

MCB completes Africa’s first electronic Bill of Exchange transaction, advancing digital trade after its $1 billion African trade commitment.

Feyisayo Ajayi Feyisayo Ajayi
Folasope Aiyesimoju
Hot NewsBusiness

Folasope Aiyesimoju’s CAP stake sheds $44 million; plunges below $40 million

Folasope Aiyesimoju’s CAP stake loses $44 million as shares fall 55%, cutting his holdings below $40 million amid a sharp…

Feyisayo Ajayi Feyisayo Ajayi
Varun beverages
BusinessHot News

Varun Beverages Zimbabwe faces final hurdle in Dairibord takeover race

Varun Beverages’ proposed 48.79% Dairibord stake faces Zimbabwe competition review, with public submissions due October 1, 2026.

Feyisayo Ajayi Feyisayo Ajayi
OCI Global
BusinessHot News

OCI shareholders warn legal battle could erode value ahead of Orascom deal 

OCI shareholders warn legal proceedings could erode value as investors weigh Orascom deal and NNS Holding’s €4.1 ($4.7) cash offer.

Feyisayo Ajayi Feyisayo Ajayi
Hazeem Barakat
BusinessHot News

Egypt’s B Investments, chaired by Hazem Barakat, eyes 53.5% stake in BIG Investment Group

B Investments, chaired by Hazem Barakat, plans to acquire 53.5% of BIG Investment Group, gaining indirect exposure to Madinet Masr.

Feyisayo Ajayi Feyisayo Ajayi
OLAM Agri
BusinessHot News

Olam Agri to invest $2 million in 20,000 African bakers by 2030

Olam Agri will invest $2 million by 2030 to train more than 20,000 African bakers, expanding skills and business opportunities…

Feyisayo Ajayi Feyisayo Ajayi
African Bank
BusinessHot News

African Bank begins restructuring after departure of two top executives in 6 months

African Bank restructures under CEO Zwelibanzi Manyathi after two senior exits, a R624 million ($38.3 million) loss and plans to…

Feyisayo Ajayi Feyisayo Ajayi
Akdital raises 130 million hospital expansion
Hot NewsBusiness

Moroccan healthcare operator AKDITAL launches academy to train 10,000 staff

AKDITAL launches its Academy to train staff as Morocco’s healthcare network expands to 45 facilities across 26 cities.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Mpumi Madisa
BusinessHot News

South African CEO Mpumi Madisa grew her Bidvest stake to $4.25 million

Based on Bidvest’s midday trading price on the JSE, the market value of Madisa’s total holding increased from $2.9 million…

Omokolade Ajayi Omokolade Ajayi
Angola’s Cabinda refinery begins fuel shipments.
BusinessHot News

Global gas crunch puts Nigerian and Angolan LNG in high demand

Nigeria, Algeria, Angola, Egypt, Equatorial Guinea and Mozambique are among the African countries positioned to benefit from the shift in…

Omokolade Ajayi Omokolade Ajayi
Ongwe Minerals
Hot NewsBusiness

Ongwe Minerals expands 6km gold discovery in Namibia, sets 5,000 m drilling campaign

Ongwe Minerals expands a 6km gold anomaly at Namibia’s Nguni prospect, advancing toward a 5,000-meter drilling campaign.

Elsie Enninful-Adu
BusinessHot News

Republic Bank Ghana appoints Elsie Enninful-Adu to board as non-executive director

Republic Bank Ghana appoints Elsie Enninful-Adu as non-executive director, strengthening its board with more than 30 years of financial expertise.

Dar es Salaam Stock Exchange
Hot NewsBusiness

Top 10 companies by market capitalization on Dar es Salaam Stock Exchange

Top 10 companies on the Dar es Salaam Stock Exchange ranked by market capitalization, highlighting Tanzania’s most valuable listed stocks.

Feyisayo Ajayi Feyisayo Ajayi
TotalEnergies
BusinessHot News

TotalEnergies gets $1.8 billion from BlackRock’s GIP for African infrastructure

The TotalEnergies GIP Africa deal brings $1.8 billion from BlackRock’s GIP for African oil and gas infrastructure.

Timilehin Adejumobi Timilehin Adejumobi
Vedanta
BusinessHot News

Vedanta’s KCM signs $498 million deal to boost Zambia copper output

KCM copper deal with China NERIN will add 70,000 tons of annual copper output and boost Zambia’s mining expansion.

Timilehin Adejumobi Timilehin Adejumobi
Oando Plc
BusinessHot News

Oando wins shareholder approval for cross-border listings 

Oando cross-border listings win shareholder approval as the Nigerian energy group seeks access to additional stock exchanges.

Timilehin Adejumobi Timilehin Adejumobi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe’s ARC moves to take 77.94% stake in Alexander Forbes

Africa's first billionaire, Patrice Motsepe’s ARC plans to raise its Alexander Forbes stake to 77.94% as Prudential Financial exits the South African group.

Feyisayo Ajayi Feyisayo Ajayi
Glencore
BusinessHot News

Glencore suspends senior executive Peter Hill over Radiant World review

Glencore suspends Peter Hill as the commodities giant investigates its dealings with Radiant World amid a $2 billion legal dispute.

Timilehin Adejumobi Timilehin Adejumobi
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