AirTrunk gets $175 million for Malaysia data center expansion

AirTrunk secures up to $175 million from IFC to expand hyperscale data centers in Johor, boosting Malaysia’s digital infrastructure capacity.

Feyisayo Ajayi Feyisayo Ajayi

Ghanaian investor Daniel Ofori’s CalBank posts $21 million profit in H1 2026

CalBank posts $21 million H1 2026 profit as revenue surges, asset quality improves and capital strengthens after recapitalization.

Feyisayo Ajayi Feyisayo Ajayi

Kenyan businessman SK Macharia’s firm regains lead, overtakes President Ruto-linked Amaco

Directline Assurance, owned by SK Macharia regains Kenya’s PSV insurance lead after strong Q1 2026 results, overtaking Ruto-linked Amaco in…

Feyisayo Ajayi Feyisayo Ajayi

Banque Misr, MSMEDA launch $10 million microenterprise fund

Banque Misr, MSMEDA launch $10 million fund to finance 2,500 microenterprises, boosting access to credit and accelerating Egypt’s push to…

Feyisayo Ajayi Feyisayo Ajayi

South African-British billionaire Clive Calder gains $1 billion in 4 months

Clive Calder’s net worth surged past $10 billion after a $1.02 billion gain in four months, reinforcing his status among…

Feyisayo Ajayi Feyisayo Ajayi

Tanzanian tycoon Patrick Schegg gains $23 million from CRDB Bank in 2026

Patrick Schegg gains $23 million as CRDB Bank shares rally, pushing his stake near $55 million amid strong growth on…

Feyisayo Ajayi Feyisayo Ajayi

Sim Tshabalala’s career in 7 defining chapters as Standard Bank CEO ahead of 2027 retirement

Sim Tshabalala’s rise from lawyer to Standard Bank CEO highlights expansion, earnings growth, and milestones ahead of his 2027 retirement.

Feyisayo Ajayi Feyisayo Ajayi

Egypt’s Edita moves to raise $20 million to fund expansion

Edita plans $20 million capital increase to fund expansion, boosting financial flexibility and supporting long-term growth strategy.

Feyisayo Ajayi Feyisayo Ajayi

10 richest African billionaires in July 2026

As fortunes shifted and rankings tightened, Shore.Africa analyzed the latest Forbes data to reveal Africa’s 10 richest billionaires and how…

Omokolade Ajayi Omokolade Ajayi

Nigeria’s crude oil output hits 6-year high at 1.56M bpd, beats OPEC quota

The increase marked the fourth straight month of production growth. June's crude output was the country's highest since April 2020,…

Omokolade Ajayi Omokolade Ajayi

Egypt’s Palm Hills bets big on Hacienda Ras El Hekma as flagship project

Egypt's Palm Hills positions Hacienda Ras El Hekma as a flagship coastal city, advancing Egypt’s shift toward year-round tourism and…

Feyisayo Ajayi Feyisayo Ajayi

5 African innovators quietly echoing the genius of Thomas Edison

African innovators echo Edison’s genius, turning constraint into scalable solutions across healthcare, fintech, and energy systems.

Feyisayo Ajayi Feyisayo Ajayi

African mining tycoons with fortunes exceeding $10 billion

Africa currently has two mining billionaires worth over $10 billion in 2026, reflecting structural shifts reshaping wealth creation across the…

Feyisayo Ajayi Feyisayo Ajayi

South African billionaire Ivan Glasenberg gains $1.6 billion as his Glencore stake hits $8.4 billion 

Ivan Glasenberg’s Glencore stake jumps $1.6 billion in 2026, driven by rising copper prices and renewed investor confidence.

Feyisayo Ajayi Feyisayo Ajayi

Senegal celebrates Sadio Mané’s retirement as billionaire Cristiano Ronaldo targets 1,000 goals

Senegal celebrates Sadio Mané’s retirement after World Cup exit, as Cristiano Ronaldo continues pursuit of 1,000 career goals.

Feyisayo Ajayi Feyisayo Ajayi

Abu Qir Fertilizers sheds $229.4 million in 4 months on EGX

Abu Qir Fertilizers sheds $229 million in market value in four months as investors weigh gas risks, currency volatility, and…

Feyisayo Ajayi Feyisayo Ajayi

Renaissance Africa Energy makes major oil discovery in Nigeria’s OML 74

Renaissance Africa Energy confirms major OML 74 oil discovery in Nigeria, with JK-004 well revealing high-quality reservoirs and strong commercial…

Feyisayo Ajayi Feyisayo Ajayi

Standard Bank wins renminbi clearing mandate, taps $300 billion Africa-China trade flows

Standard Bank gains renminbi clearing status, unlocking direct access to a $300 billion Africa-China trade corridor and boosting payment efficiency.

Feyisayo Ajayi Feyisayo Ajayi

Gagan Gupta: Indian industrialist reshaping Africa’s business landscape

Gagan Gupta is reshaping Africa’s industrial landscape through integrated SEZs, boosting local manufacturing and value-added exports.

Feyisayo Ajayi Feyisayo Ajayi

MCB expands sustainable finance facility to $531 million to drive green growth

MCB expands sustainable finance facility to MUR25 billion ($531 million), boosting green investments and supporting low-carbon growth across Mauritius and…

Feyisayo Ajayi Feyisayo Ajayi

Egyptian billionaire Nassef Sawiris takes majority control of OCI Global  

Nassef Sawiris OCI Global stake rises above 55% as the Egyptian billionaire moves closer to taking the chemical firm private.

From jollof to bunny chow: 15 African dishes that define the continent’s flavor

At a Glance Africa’s culinary heritage is as vast and diverse as the continent itself. From the bustling streets of Lagos to the spice-filled air of Zanzibar, food here tells stories of history, migration, resilience, and celebration. While much of the world knows African culture through its music, art, and fashion, its cuisine remains one of the most underexplored treasures…

South African billionaire Tshepo Mahloele’s Harith secures approval to acquire FlySafair

Harith acquisition of FlySafair wins approval as Tshepo Mahloele’s fund moves closer to controlling South Africa’s top low-cost airline.

Timilehin Adejumobi Timilehin Adejumobi

Nedbank CIB backs AngloGold Ashanti’s Geita gold mine with $500 million facility

Geita Gold Mine financing gets a $500 million boost from Nedbank CIB as Tanzania’s largest gold operation expands.

Timilehin Adejumobi Timilehin Adejumobi

Ghanaian investor Daniel Ofori’s CalBank posts $21 million profit in H1 2026

CalBank posts $21 million H1 2026 profit as revenue surges, asset quality improves and capital strengthens after recapitalization.

Feyisayo Ajayi Feyisayo Ajayi

Kenyan businessman SK Macharia’s firm regains lead, overtakes President Ruto-linked Amaco

Directline Assurance, owned by SK Macharia regains Kenya’s PSV insurance lead after strong Q1 2026 results, overtaking Ruto-linked Amaco in a shifting market.

Feyisayo Ajayi Feyisayo Ajayi

AfDB backs Egypt’s Dandara solar project with $66 million financing

Dandara solar project receives $66 million AfDB funding to boost Egypt’s renewable energy, storage capacity and green industry growth.

Timilehin Adejumobi Timilehin Adejumobi

Egyptian billionaire Hisham Talaat Moustafa’s TMG bets big on tourism with hotel expansion

TMG hotel expansion plans aim to double Egypt’s luxury hotel portfolio as Hisham Talaat Moustafa targets tourism growth.

Timilehin Adejumobi Timilehin Adejumobi