Mamelodi Sundowns
SportsHot News

Patrice Motsepe’s Mamelodi Sundowns defeat Al Ahli to lift African-Asian-Pacific Cup

Mamelodi Sundowns defeated Al Ahli 2-1 to win the African-Asian-Pacific Cup and advance in FIFA’s Intercontinental Cup.

Feyisayo Ajayi Feyisayo Ajayi
Crookes Brothers
CompaniesHot News

Crookes Brothers exits Mozambique macadamia venture after $19 million loss

Crookes Brothers will sell its Mozambique macadamia businesses for $2 after recording a $19 million loss and mounting debt obligations.

Feyisayo Ajayi Feyisayo Ajayi
Donald Mzolisa Don Ncube
BusinessHot News

South African businessman Don Ncube’s Kinetiko stake sheds $5.2 million

South African businessman Don Ncube loses $5.2 million as Kinetiko Energy shares fall 47%, cutting the value of his stake…

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s PetroSA
Hot NewsBusiness

South Africa’s PetroSA moves to block $37 million liquidation threat

South Africa’s PetroSA moves to block a $37.2 million liquidation attempt by Nako Energy, mounting a formal legal defense to…

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
BusinessHot News

Nigeria’s refined petroleum exports surge 148% to nearly $4 billion in Q2

The quarterly figure also marked a 66.2 percent increase from $2.37 billion in the first quarter.

Omokolade Ajayi Omokolade Ajayi
South African property chief Jackie van Niekerk
ExecutivesHot News

South African property chief Jackie van Niekerk’s Attacq stake tops $1.5 million

Jackie van Niekerk’s direct holding increased to 1,370,742 shares as of June 30, 2026, from 852,056 shares a year earlier.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Femi Otedola enters $2 billion club on massive First HoldCo rally

Femi Otedola’s net worth has crossed $2 billion as First HoldCo shares rally, adding $260.2 million to his stake since…

Omokolade Ajayi Omokolade Ajayi
Johann Rupert, chairman of Richemont and Remgro Limited.
BusinessHot News

Johann Rupert’s Remgro sees headline earnings jump to $682 million as dividends surge

Remgro’s headline earnings rose 42.3% to $682 million in 2026, driven by stronger portfolio performance, cash generation, dividends and investments.

Feyisayo Ajayi Feyisayo Ajayi
Dar es Salaam Stock Exchange
Hot NewsBusiness

Top 10 companies by market capitalization on Dar es Salaam Stock Exchange

Top 10 companies on the Dar es Salaam Stock Exchange ranked by market capitalization, highlighting Tanzania’s most valuable listed stocks.

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

Patrice Motsepe’s ARC moves to take 77.94% stake in Alexander Forbes

Africa's first billionaire, Patrice Motsepe’s ARC plans to raise its Alexander Forbes stake to 77.94% as Prudential Financial exits the…

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BusinessHot News

Ethiopia’s $10 billion man orders MIDROC to hire 40,000 local workers

Al-Amoudi framed the hiring target as part of MIDROC’s broader responsibility to Ethiopia, saying the group exists for the Ethiopian…

Omokolade Ajayi Omokolade Ajayi
South African developer Japie van Niekerk
BusinessHot News

South African developer Japie van Niekerk buys Kalahari Mall in Northern Cape deal

South African developer Japie van Niekerk has acquired Kalahari Mall in Upington, adding the regional retail centre to New Africa…

Omokolade Ajayi Omokolade Ajayi
Hend El-Sherbini IDH deal
BusinessHot News

Egyptian businesswoman Hend El-Sherbini’s IDH posts $16 million H1 2026 profit

IDH, led by Egyptian businesswoman Hend El-Sherbini, posts $16.1 million H1 2026 profit as revenue rises 37% on higher patient…

Feyisayo Ajayi Feyisayo Ajayi
Botswana tycoon Ramachandran Ottapathu
BusinessHot News

Ramachandran Ottapathu cleared to buy Engen Botswana in rare anti-monopoly power shift

The approval reshapes ownership in Botswana’s fuel market while imposing safeguards covering employment, independent dealers, distribution and citizen ownership.

Omokolade Ajayi Omokolade Ajayi
Namibia’s Capricorn Group
BusinessHot News

Namibia’s Capricorn Group logs $115M profit, holds payout despite dip

Earnings fell 6.4 percent from N$1.99 billion a year earlier as higher funding costs and weaker regional conditions weighed on…

Omokolade Ajayi Omokolade Ajayi
South Africa’s Momentum Group
BusinessHot News

South Africa’s Momentum Group hits $435 million earnings, raises dividend 31%

Momentum Group reported $435 million in normalized headline earnings for 2026, beating its long-term target a year early and raising…

Omokolade Ajayi Omokolade Ajayi
Airtel Africa Plc
TechnologyBusinessHot News

Airtel Money slashes London IPO target to $800M as investors balk at valuation

The move marks a sharp retreat from the company’s earlier goal of raising between $1.5 billion and $2 billion.

Omokolade Ajayi Omokolade Ajayi
World Bank
BusinessHot News

World Bank backs Ghana’s agriculture sector with $52.4 million financing package

World Bank’s IFC backs Ghana agriculture with $52.4 million to expand cocoa financing, farmer access to capital, inputs and markets.

Feyisayo Ajayi Feyisayo Ajayi
MCB
BusinessHot News

MCB completes Africa’s first electronic Bill of Exchange after its $1 billion trade commitment 

MCB completes Africa’s first electronic Bill of Exchange transaction, advancing digital trade after its $1 billion African trade commitment.

Feyisayo Ajayi Feyisayo Ajayi
Folasope Aiyesimoju
Hot NewsBusiness

Folasope Aiyesimoju’s CAP stake sheds $44 million; plunges below $40 million

Folasope Aiyesimoju’s CAP stake loses $44 million as shares fall 55%, cutting his holdings below $40 million amid a sharp…

Feyisayo Ajayi Feyisayo Ajayi
Malagasy businessman Hassanein Hiridjee
TechnologyHot News

Axian Telecom, AST SpaceMobile launch Africa’s first direct-to-device satellite network

Axian Telecom and AST SpaceMobile plan Africa’s first direct-to-device satellite network to expand 4G and 5G access to rural areas.

Ali Dharani, Indian-born Namibian businessman
BusinessHot News

Ali Dharani: Indian-born Namibian businessman behind Rani Group’s retail empire

Indian-born Namibian businessman Ali Dharani built Rani Group from a border trading business into a nationwide retail and manufacturing empire.

Crookes Brothers
CompaniesHot News

Crookes Brothers exits Mozambique macadamia venture after $19 million loss

Crookes Brothers will sell its Mozambique macadamia businesses for $2 after recording a $19 million loss and mounting debt obligations.

Feyisayo Ajayi Feyisayo Ajayi
Azania Bank,Tanzania
BusinessBanking

Azania Bank secures $10 million Afreximbank facility for Tanzanian SMEs

Azania Bank secures a $10 million facility from Afreximbank to expand SME financing and support Tanzanian exporters.

Timilehin Adejumobi Timilehin Adejumobi
Co-op Bank, Fanaka deal signing
BusinessHot News

Co-op Bank, Fanaka give Kenyans new path to property ownership

Co-op Bank, Fanaka partnership gives Kenyans a new path to property ownership, financing land and residential or commercial development.

Timilehin Adejumobi Timilehin Adejumobi
Donald Mzolisa Don Ncube
BusinessHot News

South African businessman Don Ncube’s Kinetiko stake sheds $5.2 million

South African businessman Don Ncube loses $5.2 million as Kinetiko Energy shares fall 47%, cutting the value of his stake sharply in 2026.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s PetroSA
Hot NewsBusiness

South Africa’s PetroSA moves to block $37 million liquidation threat

South Africa’s PetroSA moves to block a $37.2 million liquidation attempt by Nako Energy, mounting a formal legal defense to protect its operations.

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
BusinessHot News

Nigeria’s refined petroleum exports surge 148% to nearly $4 billion in Q2

Nigeria’s refined petroleum exports surge 148% to nearly $4 billion in Q2

Omokolade Ajayi Omokolade Ajayi
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