Hosken Consolidated Investments Limited (HCI)
BusinessHot News

HCI completes SACTWU restructuring as Squirewood emerges key shareholder

HCI finalizes SACTWU restructuring as Squirewood becomes key shareholder, reshaping ownership while preserving union’s economic stake.

Feyisayo Ajayi Feyisayo Ajayi
MTN mobile money separation Ghana
BusinessHot News

MTN Ghana reports $1.3 billion service revenue as profit jumps 43% in H1 2026

MTN Ghana posts $1.3 billion service revenue, with profit up 43% in H1 2026, driven by strong data growth and…

Feyisayo Ajayi Feyisayo Ajayi
African families
BillionairesHot News

Africa’s richest families worth over $15 billion

Africa’s richest families hold over $105 billion in 2026, but true multigenerational wealth remains rare across the continent’s evolving economy.

Feyisayo Ajayi Feyisayo Ajayi
Private freight operator Traxtion
BusinessHot News

Traxtion receives first locomotives at Port of Durban in $207 million rail investment

The delivery coincides with reforms that grant third-party access to the state-owned rail system, intensifying competition in the country's freight…

Omokolade Ajayi Omokolade Ajayi
Fola Aiyesimoju
BusinessHot News

UAC pullback wipes $10 million off Fola Aiyesimoju’s portfolio, dragging his stake below $100 million

UAC pullback wipes $10 million off Fola Aiyesimoju’s portfolio, dragging his stake below $100 million

Feyisayo Ajayi Feyisayo Ajayi
Nairobi Securities Exchange
BusinessHot News

NSE tops KSh4 trillion for first time as investor wealth jumps $8.2 billion

Since the start of 2026, the market has created KSh1.07 trillion ($8.27 billion) in investor wealth.

Omokolade Ajayi Omokolade Ajayi
Nigerian oil billionaire Muhammadu Indimi
Hot NewsBillionairesBusiness

Nigerian oil billionaire Muhammadu Indimi joins $43.5 million court battle with daughters

The case has grown into one of Africa’s most closely watched disputes involving a privately owned energy company.

Omokolade Ajayi Omokolade Ajayi
Durban-born businessman Vivian Reddy
ExclusiveBillionairesBusinessLuxury

From borrowing $30 to building a $260 million mixed-use landmark: Meet Durban-born businessman Vivian Reddy

Beyond its luxury appeal, the development has placed employment and inclusion at its core.

Omokolade Ajayi Omokolade Ajayi
World Bank
BusinessHot News

World Bank unlocks $144 million for Kenya’s SMEs in its first Africa risk-sharing program

World Bank’s IFC unlocks $144 million for Kenya SMEs, boosting lending via risk-sharing deals with banks and fintech partners.

Feyisayo Ajayi Feyisayo Ajayi
Telkom SA SOC Limited.
BusinessHot News

Telkom posts stronger first-quarter earnings as mobile subscribers climb to 25.3 million

The stronger revenue performance translated into higher profitability.

Omokolade Ajayi Omokolade Ajayi
World’s richest Black person Aliko Dangote
BusinessBillionairesHot News

Aliko Dangote’s sugar company swings to $30.4 million first-half profit

Revenue declined to N391.85 billion ($287.2 million) from N430.21 billion ($315.3 million). Even so, lower operating costs lifted profitability across…

Omokolade Ajayi Omokolade Ajayi
President Abdel Fattah El-Sisi, Ahmed Elsewedy, and H.E. President Samia Suluhu Hassan.
BusinessHot News

Elsewedy Electric backs Tanzania industrial push with seven factory agreements

The agreements were signed at the Egyptian-Tanzanian Business and Investment Forum during Egyptian President Abdel Fattah El-Sisi's state visit to…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Capitec advances name change as Ex-CEO Gerrie Fourie resumes board

Capitec to rename holding company as Gerrie Fourie returns to board, strengthening governance and continuity after record profits.

Feyisayo Ajayi Feyisayo Ajayi
Worker operating at Seplat Energy's Oben OML 4
BusinessHot News

Seplat nears $5 billion market cap in London after first-half profit jumps to $164 million

The dual-listed Nigerian independent energy producer has attracted renewed investor demand as its improved financial performance continues to support its…

Omokolade Ajayi Omokolade Ajayi
Zimbabwean banker Valeta Mthimkhulu
ExclusiveBusiness

Meet Valeta Mthimkhulu: Zimbabwean banker who led CBZ Bank to $190 million funding

The financing comes just over a year after Mthimkhulu was appointed managing director of CBZ Bank, a wholly owned subsidiary…

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Naspers tops Gold Fields to regain Africa’s most valuable company title with $42 billion market cap

Data tracked by Shore.Africa shows Naspers shares have gained 6.1 percent over the past five months.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s Stor-Age to acquire Xtraspace portfolio in $24 million expansion drive

Stor-Age acquires 10 Xtraspace properties for $24 million, expanding footprint and boosting earnings across South Africa’s key urban markets.

Feyisayo Ajayi Feyisayo Ajayi
Datatec Westcon refinancing
Hot NewsTechnology

Datatec expands cybersecurity footprint with Loial acquisition in U.S. Southwest

Datatec expands cybersecurity reach with Loial acquisition, boosting Logicalis USA presence in New Mexico and Southwest markets.

Feyisayo Ajayi Feyisayo Ajayi
Mfundo Nkuhlu
BusinessHot News

Nedbank’s operations chief Mfundo Nkuhlu to retire after over two decades of leadership

Nedbank COO Mfundo Nkuhlu will retire in 2026 after over two decades, marking a major leadership shift at the South…

Feyisayo Ajayi Feyisayo Ajayi
Haruna Musa, Jaiz Bank CEO
BusinessHot News

Jaiz Bank delivers $11 million profit in H1 2026 as revenue growth offsets rising costs

Jaiz Bank posts $11 million H1 2026 profit as revenue growth offsets rising costs, highlighting steady Islamic finance momentum in…

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s national rail master plan outlining a $181.5 billion infrastructure investment to expand freight and passenger rail capacity.
BusinessHot News

South Africa eyes rail revival with $181.5 billion, 30-year investment plan

South Africa’s rail master plan targets $181.5 billion over 30 years to rebuild freight and passenger capacity across 3,600 kilometers.

Quality Chemical Industries Uganda
BusinessHot News

Uganda’s QCIL declares $6.2 million interim dividend after Zambia debt recovery

QCIL declares $6.2 million interim dividend after Zambia receivable recovery, rewarding shareholders for FY ending March 2026.

Turkish Airlines
BusinessHot News

Çelebi Aviation expands Kenya operations with Turkish Airlines deal

Çelebi Aviation Kenya expands at JKIA through a Turkish Airlines ground handling deal, strengthening Africa aviation growth.

Timilehin Adejumobi Timilehin Adejumobi
Hosken Consolidated Investments Limited (HCI)
BusinessHot News

HCI completes SACTWU restructuring as Squirewood emerges key shareholder

HCI finalizes SACTWU restructuring as Squirewood becomes key shareholder, reshaping ownership while preserving union’s economic stake.

Feyisayo Ajayi Feyisayo Ajayi
Renewable Energy
BusinessHot News

South Africa secures Chinese backing for $122 billion energy expansion

South Africa Energy Expansion wins Chinese backing for a $122 billion power, renewable energy and grid investment through 2039.

Timilehin Adejumobi Timilehin Adejumobi
Simbah Mutasa, MD BofA investment banking Africa
BusinessHot News

Bank of America appoints Simbah Mutasa to lead Africa investment banking

Bank of America appoints Simbah Mutasa to lead Africa investment banking as the lender expands its deal-making across the continent.

Timilehin Adejumobi Timilehin Adejumobi
MTN mobile money separation Ghana
BusinessHot News

MTN Ghana reports $1.3 billion service revenue as profit jumps 43% in H1 2026

MTN Ghana posts $1.3 billion service revenue, with profit up 43% in H1 2026, driven by strong data growth and fintech adoption.

Feyisayo Ajayi Feyisayo Ajayi
Plaza Premium Group opens a new JNIA lounge in Tanzania, boosting airport hospitality, tourism growth and international travel connections.
TourismBusiness

Tanzania strengthens aviation appeal as Plaza Premium launches JNIA lounge

Plaza Premium Group opens a new JNIA lounge in Tanzania, boosting airport hospitality, tourism growth and international travel connections.

Oluwatosin Alao Oluwatosin Alao
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