Adapt IT has reported a 14% improvement in headline earnings per share for the year ended 30 June 2018 on the back of a 36% growth in turnover, much of which flowed through from the acquisition of Micros.

Helios Towers is investing tens of millions of dollars in the Democratic Republic of Congo and looking for acquisitions as the African phone-tower operator seeks to move on from a scrapped initial public offering earlier this year.

Naspers, Africa’s largest company by value, plunged the most in almost 10 years in Johannesburg trading after Chinese Internet giant Tencent posted earnings that missed analyst estimates.