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.

Latest Hot News News
Femi Otedola First HoldCo stake
Featured

Nigerian billionaire Femi Otedola, Samuel Babatunde Sule’s First HoldCo stake nears $700 million

Femi Otedola and Tunde Hassan-Odukale’s First HoldCo stake nears $700 million as banking stock rally lifts investor wealth on NGX.

Feyisayo Ajayi Feyisayo Ajayi
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Mozambique seeks IMF support as debt rises

IMF mission set for Mozambique as debt concerns intensify

Mozambique is preparing to host a new mission from the International Monetary Fund, a move that highlights growing pressure on the government to steady its finances and reassure investors. The visit, expected in the coming months, comes as officials in Maputo look for ways to ease rising debt concerns and secure fresh support.  The talks arrive at a delicate time. Borrowing costs have climbed, and access to foreign funding has become more limited, leaving the government with fewer options to…

Oluwatosin Alao Oluwatosin Alao
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I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
East Africa

Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

Nairobi-based lender I&M Group posts a $145 million profit in 2025 as total assets reach $5.3 billion.

Omokolade Ajayi Omokolade Ajayi
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Chakib Alj Forafric acquisition Morocco
Chakib Alj Forafric acquisition Morocco

Moroccan industrialist Chakib Alj’s $179 million Forafric deal to reshape North Africa’s agro‑industrial sector

Chakib Alj targets a $179 million Forafric stake, aiming to reshape Morocco’s milling sector and strengthen food security.

Feyisayo Ajayi Feyisayo Ajayi
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Sunil Bharti Mittal, Founder and chair of Bharti Enterprises and Bharti Airtel
Africa Airtel

Indian billionaire Sunil Bharti Mittal to step down in Airtel Africa leadership transition 

Sunil Bharti Mittal will retire as Airtel Africa chair in July 2026, with Gopal Vittal set to succeed him amid continued growth focus.

Timilehin Adejumobi Timilehin Adejumobi
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Workers sorting avocados at Kakuzi Plc processing facility in Kenya
Avocados

Kenya’s Kakuzi returns to profit, doubles dividend on $26.6 million avocado sales

Kakuzi Plc, the Nairobi-based agricultural firm partly owned by Kenyan businessman John Kibunga Kimani, returned to profit in 2025 after a loss a year earlier, supported by stronger avocado sales, lower costs, and stable income from forestry, livestock, and blueberries. The recovery led the company to double its dividend, signaling renewed operational confidence. Dividend doubles after profit recovery The leading agricultural company, headquartered in Nairobi and operating in Makuyu and Nandi Hills in Kenya, reported a net profit of Ksh387.6…

Omokolade Ajayi Omokolade Ajayi
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Choppies profit decline
Botswana retail market

Botswana’s Choppies sees half-year profit fall to $5.6 million as retail pressures mount

Choppies profit falls 33% to $5.6 million as rising costs pressure margins despite steady revenue growth and expansion.

Feyisayo Ajayi Feyisayo Ajayi
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Featured

Uganda Airlines secures $113 million for fleet expansion as Kenya Airways seeks $2 billion rescue

Uganda Airlines secures $113 million to expand its fleet as Kenya Airways seeks $2 billion from investors to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
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Digital payments in Chad

IFC partners Cashi to expand digital payments in Chad’s low-connectivity markets

IFC partners Cashi to expand digital payments in Chad, targeting low-connectivity markets and boosting financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi
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