Hot News

Stay ahead with the latest breaking news across Africa. Shore Africa brings you real-time updates on the most important developments shaping the continent—from politics and business to culture and global affairs.

Our Hot News category delivers fast, accurate, and insightful coverage of trending stories across Africa. Whether it’s major economic shifts, leadership changes, or global events impacting African nations, we keep you informed as events unfold.

Iron and Steel
BusinessHot News

Egypt targets higher steel output to reduce costly imports

Egypt boosts steel output to cut imports, stabilize prices, and attract investors.

Timilehin Adejumobi Timilehin Adejumobi
AJE Group
BusinessHot News

AJE Group plans $150 million Egypt investment in Africa push

AJE Group plans $150 million Egypt investment by 2030, expanding beverage production and boosting Africa growth strategy.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Kenya’s Makueni County gets new I&M Bank branch as group assets hit $5.3 billion

The move reflects the bank’s steady push to serve underserved markets while reinforcing its position among Kenya’s mid-tier financial institutions.

Omokolade Ajayi Omokolade Ajayi
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Prosus N.V
BusinessHot News

South Africa Koos Bekker’s Prosus challenges EU on Delivery Hero stake sale

Prosus urges EU to drop forced sale of Delivery Hero stake as Uber eyes $11.6 billion takeover, intensifying Europe food delivery rivalry.

Timilehin Adejumobi Timilehin Adejumobi
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Italian energy giant, Eni
BusinessHot News

Eni-led consortium approves next phase of Ivory Coast Baleine project 

Eni, Petroci and Vitol approve Baleine Phase 3, boosting Ivory Coast oil and gas output significantly.

Timilehin Adejumobi Timilehin Adejumobi
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Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
BusinessHot News

Nigerian businessman Ladi Jadesimi’s Aradel stake nears $300 million as shares rise

Ladi Jadesimi’s 5.27 percent stake in Aradel has climbed to $295.5 million as shares surge 164 percent in Nigeria’s energy sector rally.

Omokolade Ajayi Omokolade Ajayi
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Oriental Weavers reported stronger first-quarter 2026 earnings as exports and lower production costs supported growth at the Egyptian carpet manufacturer.
BusinessHot News

Oriental Weavers Q1 2026 profit rises to $17.1 million on lower costs, higher exports

Oriental Weavers reports first-quarter 2026 profit of $17.1 million as revenue rises and exports strengthen amid lower production costs.

Omokolade Ajayi Omokolade Ajayi
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Elsewedy Electric officials & Egypt PM
BusinessHot News

Elsewedy Electric, Egypt PM Madbouly discuss expansion, new investment plans 

Elsewedy Electric and PM Madbouly review expansion plans, including automotive manufacturing, industrial zones and new investments in Egypt.

Timilehin Adejumobi Timilehin Adejumobi
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Altron FY2026 earnings results
BusinessHot NewsTechnology

South Africa’s Altron posts $587 million revenue as platform businesses drive $50 million profit 

Altron posts $587 million revenue and $50 million profit for FY ended Feb. 28, 2026 driven by digital platform businesses and recurring revenue growth.

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

South African billionaire Patrice Motsepe’s net worth drops $200 million so far in May

Patrice Motsepe’s net worth drops by $200 million in May to $3.7 billion as African Rainbow Minerals shares fall nearly 7 percent.

Omokolade Ajayi Omokolade Ajayi
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Ecobank Transnational Incorporated
BusinessHot News

Finnfund invests $15 million in Ecobank nature bond for African agriculture

Finnfund invests $15 million in Ecobank Nature Bond to fund sustainable agriculture, biodiversity and water projects across Africa.

Timilehin Adejumobi Timilehin Adejumobi
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Equity Group headquarters in Nairobi, Kenya.
BusinessHot News

Equity Group’s Q1 2026 profit jumps 24 percent to $150 million on regional growth

Equity Group Q1 2026 profit rises 24 percent to $150 million on strong regional banking and digital income growth across East Africa.

Omokolade Ajayi Omokolade Ajayi
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