Aliko Dangote and NNPC Group CEO Bashir Bayo Ojulari.
BusinessHot News

NNPC accuses Dangote refinery of monopoly claims as refinery private placement draws $2 billion

NNPC argued that Nigeria’s fuel market still relies on a mix of domestic refining and imports, and that sudden restrictions…

Omokolade Ajayi Omokolade Ajayi
Cape Town-based executive Alan Keet, a regional leader at Apex Group overseeing African operations.
BusinessGlobal NewsHot News

Cape Town-based executive Alan Keet steers Apex Group to $300 billion in South African assets under administration

The growth reflects years of building operational depth in a market where scale, reliability, and client confidence remain central to…

Omokolade Ajayi Omokolade Ajayi
Johann Rupert Richemont profit 2026
BillionairesBusinessHot News

Johann Rupert’s Richemont profit in 2026 tops $4 billion on booming Cartier jewellery sales

Richemont profit topped $4 billion in 2026 as Cartier jewellery demand lifted annual sales to $26 billion.

Feyisayo Ajayi Feyisayo Ajayi
Putprop sells Pretoria asset
BusinessHot News

South Africa’s Putprop sells Pretoria asset for $1.8 million in portfolio reshuffle

Putprop sells Pretoria industrial asset for $1.8 million, advancing portfolio reshuffle and reinvestment into higher-yielding properties.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian monarch and Islamic traditional ruler Lamido Sanusi, the Emir of Kano.
BusinessHot News

Nigerian monarch Lamido Sanusi’s MTN board pay may top N500 million in 2026 on stronger earnings

Over the longer term, disclosures show he has received R22.57 million in total compensation from MTN between 2019 and 2025,…

Omokolade Ajayi Omokolade Ajayi
Melanie Da Costa, CEO-designate of Netcare, a $1.4 billion South African healthcare group, during a corporate leadership transition announcement.
BusinessHot News

South African executive Melanie Da Costa named CEO of $1.4 billion healthcare group, Netcare

As Da Costa prepares to take over, the group is expected to continue expanding beyond its acute hospital business while…

Omokolade Ajayi Omokolade Ajayi
Sky Investments Holding, Egyptian conglomerate expanding investments across ports, logistics, and real estate infrastructure development.
BusinessGlobal NewsHot News

Sky Investments outlines $500 million plan for Egypt’s logistics and ports growth

The largest share of the planned capital, between $300 million and $350 million, will go into logistics and ports.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot News

NCC probe puts FlySafair under scrutiny as Tshepo Mahloele’s Harith advances deal

The NCC added that FlySafair itself has acknowledged that overbooking forms part of its commercial approach.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Path to Seplat Energy chairmanship clears as Tony Elumelu joins board as non-executive director

At the AGM, Seplat board Chairman Udoma Udo Udoma welcomed Elumelu’s appointment, describing it as a reflection of confidence in…

Omokolade Ajayi Omokolade Ajayi
Kudakwashe Tagwirei Masimba stake gain
BusinessHot News

Zimbabwean politician Kudakwashe Tagwirei’s Masimba stake gains $2.7 million on 2026 rally

Tagwirei’s Masimba stake rises $2.7 million as shares surge on Zimbabwe Stock Exchange rally, boosting investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Vision Group Tongaat liquidation assets
BusinessHot News

South African businessman Robert Gumede’s Vision Group to secure Tongaat assets ahead of liquidation hearing

Vision Group moves to secure Tongaat assets as liquidation hearing looms, aiming to protect creditor interests and preserve regional operations.

Feyisayo Ajayi Feyisayo Ajayi
Lowe’s Q1 2026 earnings
BusinessHot News

Lowe’s, led by Black executive Marvin Ellison, opens 2026 with $23 billion in sales as margins narrow

Lowe’s posts $23.1 billion Q1 2026 sales as margins narrow; online growth, Pro demand offset housing market pressure.

Feyisayo Ajayi Feyisayo Ajayi
Movit IFC financing deal
BusinessHot News

Ugandan entrepreneur Simpson Birungi’s Movit to receive $20 million backing for expansion

IFC is weighing up to $20 million for Uganda’s Movit Products to expand manufacturing into Tanzania and scale operations in…

Feyisayo Ajayi Feyisayo Ajayi
Shuka Minerals Kabwe zinc results
BusinessHot News

Shuka Minerals hits 65.7% zinc grade at Zambia’s Kabwe mine after takeover

Shuka Minerals hits 65.7% zinc at Zambia’s Kabwe mine, boosting resource expansion outlook and strengthening project economics.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s Eskom explores World Bank backing for multibillion-dollar nuclear build

The utility, which operates Africa’s only commercial nuclear plant near Cape Town, is preparing a request for information for as…

Omokolade Ajayi Omokolade Ajayi
Shameel Joosub, Group CEO of Vodacom
BusinessTechnology

Vodacom CEO Shameel Joosub pockets $2.4 million salary in 2025 

Vodacom CEO Shameel Joosub pockets $2.4 million in 2025, up 15%, as profits and Africa expansion drive growth.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Femi Otedola
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola to pour part of $750 million warchest into Dangote Refinery

For Otedola, the planned $100 million refinery investment adds to an increasingly aggressive series of moves across Nigeria’s corporate sector.

Omokolade Ajayi Omokolade Ajayi
MTN Nigeria CEO pay 2025
BusinessHot News

CEO of MTN Nigeria Karl Toriola takes $3.5 million pay in 2025

MTN Nigeria CEO Karl Toriola’s pay jumps 61% to $3.5 million in 2025, driven by strong profit rebound and revenue…

Feyisayo Ajayi Feyisayo Ajayi
Mantengu Averi acquisition
BusinessHot News

Mantengu plans $120 million Averi asset acquisition in African energy push

Mantengu plans $120 million Averi acquisition to expand into African energy, digital infrastructure and diversify beyond mining.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
BusinessHot News

Africa’s richest man Aliko Dangote advances $45 billion expansion with 10,000-hectare Nigerian port

Beyond its logistics function, the project is tied to wider regional trade plans under the African Continental Free Trade Area,…

Omokolade Ajayi Omokolade Ajayi
Ksar Ghilane
LuxuryTourism

10 Tunisia’s desert luxury camps

Luxury camps in Tunisia’s Sahara surge as global interest in desert escapes rises.

Safari experience
LuxuryTourism

How Africa’s diaspora Is redesigning luxury tourism

Diaspora demand is reshaping Africa’s high-end tourism with culture at the core.

Aliko Dangote and NNPC Group CEO Bashir Bayo Ojulari.
BusinessHot News

NNPC accuses Dangote refinery of monopoly claims as refinery private placement draws $2 billion

NNPC accuses Dangote refinery of monopoly claims as dispute over import licences and fuel supply intensifies in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Cape Town-based executive Alan Keet, a regional leader at Apex Group overseeing African operations.
BusinessGlobal NewsHot News

Cape Town-based executive Alan Keet steers Apex Group to $300 billion in South African assets under administration

Alan Keet leads Apex Group’s South African platform to R5 trillion ($300 billion) in assets under administration.

Omokolade Ajayi Omokolade Ajayi
South Africa’s Investec seeks Irish banking license in global push
BusinessGlobal News

South Africa’s Investec seeks Irish banking license in global push

Investec, the South African- and UK-listed lender, is pushing deeper into Europe’s financial system with an application for a full banking licence in Ireland, a move that would expand its access to clients across the European Union as the industry continues to adjust to post-Brexit rules. The lender already operates in Dublin, where it offers treasury services, derivatives and investment…

Oluwatosin Alao Oluwatosin Alao
Johann Rupert Richemont profit 2026
BillionairesBusinessHot News

Johann Rupert’s Richemont profit in 2026 tops $4 billion on booming Cartier jewellery sales

Richemont profit topped $4 billion in 2026 as Cartier jewellery demand lifted annual sales to $26 billion.

Feyisayo Ajayi Feyisayo Ajayi
Putprop sells Pretoria asset
BusinessHot News

South Africa’s Putprop sells Pretoria asset for $1.8 million in portfolio reshuffle

Putprop sells Pretoria industrial asset for $1.8 million, advancing portfolio reshuffle and reinvestment into higher-yielding properties.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s Efora Energy faces liquidation as JSE suspends shares
BusinessTechnology

South Africa’s Efora Energy faces liquidation as JSE suspends shares

South Africa’s Efora Energy Limited is set for liquidation after years of name changes, asset sales and strategic shifts that ultimately failed to secure long-term financial stability. The Johannesburg Stock Exchange (JSE)-listed company now finds itself suspended from trading, with uncertainty mounting over its ability to meet obligations.  The development marks a sharp downturn for a group that once positioned…

Oluwatosin Alao Oluwatosin Alao
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