Africa Feed News

Friday, May 1, 2026

NCBA Group Surges to KSh 150Bn Valuation Amid Acquisition Talks

By Louis Schoeman, Financial Writer
2 min read
NCBA Group's market valuation has soared to an unprecedented KSh 150 billion, marking a pivotal m ...
2 hours

Seplat Energy Surges Past ₦10,000 Mark on NGX, Sets New Record

By Louis Schoeman, Financial Writer
2 min read
In a landmark development for Nigeria's stock market, Seplat Energy's share price has surged past ...
2 hours

Shoprite Gains Market Share as Sales Growth Slows in South Africa

By Louis Schoeman, Financial Writer
2 min read
South Africa's retail giant Shoprite is navigating a turbulent market, gaining market share even ...
2 hours
Kenya's energy giant, KenGen, finds itself at the center of investor attention as governance refo ...
4 hours

Access Holdings Faces 11.9% Drop Amid Market Turbulence in Nigeria

By Louis Schoeman, Financial Writer
1 min read
Access Holdings has taken center stage in Nigeria's financial markets, witnessing a significant 1 ...
4 hours

Discovery Limited’s Revenue Forecasts Jump 40% Amid JSE Volatility

By Louis Schoeman, Financial Writer
2 min read
Discovery Limited (JSE:DSY) has captured the attention of South African traders as its revenue fo ...
4 hours

Kenya GDP Set to Surge 4% by 2026 as Inflation Eases

By Louis Schoeman, Financial Writer
2 min read
Kenya's economy is on the brink of significant growth, with GDP expected to surge by 4% by 2026, ...
6 hours

Nigeria’s GDP Slumps 2.5% Amid Inflation and Trade Woes

By Louis Schoeman, Financial Writer
2 min read
Nigeria's economic landscape is facing turbulence as the country's GDP has contracted by 2.5%, am ...
6 hours
South Africa's economy has posted its fastest growth in three years, signaling a potential turnar ...
6 hours

Kenya’s NSE Rises 2% as Women Investors Propel Market Shift

By Louis Schoeman, Financial Writer
2 min read
The Nairobi Securities Exchange (NSE) witnessed a notable 2% rise this week, as women investors i ...
8 hours

NGX Gains N3.2tr Amidst Bonus Share Issue as Market Climbs 44% in 2023

By Louis Schoeman, Financial Writer
2 min read
In a year marked by economic challenges, the Nigerian equities market has surprised many with its ...
8 hours

JSE Slumps as Rand Wobbles; Over R2trn Wiped Out Amid Fed Anxiety

By Louis Schoeman, Financial Writer
2 min read
The Johannesburg Stock Exchange (JSE) has taken a significant hit, with over R2 trillion wiped ou ...
8 hours

JSE Top 40 Rebounds 1.16% to 107,229 – Can Bulls Break 108,000 or Face 105,000 Test?

By Arslan Butt, Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
2 min read
As of May 1st, 2026 (morning trading) the FTSE/JSE All Share Index closed at 115,181 on April 30th - ...
8 hours
The Kenyan shilling holds its ground as Treasury bill rates decline, while foreign exchange reser ...
10 hours

Naira Surges 2% as CBN’s New FX Strategy Boosts Market Confidence

By Louis Schoeman, Financial Writer
2 min read
The Nigerian naira has surged by 2% against the US dollar, thanks to the Central Bank of Nigeria' ...
10 hours

Rand Dips 1% as SARB Rate Hike Looms Amid Global Volatility

By Louis Schoeman, Financial Writer
2 min read
The South African rand has tumbled 1% as anticipation builds over the South African Reserve Bank' ...
10 hours

BAT Kenya Faces Leadership Shift After Record Dividend Payout

By Louis Schoeman, Financial Writer
2 min read
BAT Kenya is navigating a significant leadership shift following a record-breaking dividend payou ...
24 hours

UBA Stock Rallies 44% Despite Banking Sector Headwinds in Nigeria

By Louis Schoeman, Financial Writer
2 min read
United Bank for Africa (UBA) is making waves in the Nigerian stock market, defying sector-wide ch ...
24 hours
Capitec Bank's shares surged 5% after the bank announced a record dividend, significantly surpass ...
24 hours

Kenya Airways Stock Surges 70% Amid Strategic Investor Speculation

By Louis Schoeman, Financial Writer
2 min read
Kenya Airways shares have taken flight, surging 70% on the Nairobi Securities Exchange amid repor ...
1 day
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