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Metair Investments Limited reports $1.1 billion revenue in 2025 as AutoZone drives growth

Metair Investments reports $1.1 billion revenue in 2025 as AutoZone expansion, restructuring, and stronger demand lift margins and operating performance.

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Hot NewsTechnology

Naspers shares rise after 20% slump, market cap hits $44 billion

The rebound has lifted Naspers’ market capitalization to R726 billion ($44.4 billion), according to market data reviewed at the time…

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Remgro sells FirstRand stake
BusinessHot News

Remgro sells $300 million FirstRand stake as it exits non-core investment

Remgro sells R4.88 billion ($300 million) FirstRand shares, continuing its strategic exit from the banking giant after the 2020 RMB…

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largest listed agribusiness firms in Africa
BusinessHot News

20 largest listed agribusiness firms in Africa

Africa’s 20 largest listed agribusiness firms power food production, fertilizers, poultry, plantations and exports across major regional markets.

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ExclusiveHot News

Beyoncé, Dr. Dre join billionaire ranks as global total climbs to 3,428

Beyoncé and Dr. Dre join 3,428 billionaires worldwide as global wealth climbs to $20.1 trillion, fueled by tech, finance, and…

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Hot NewsTourism

Hilton Nairobi revives conference business after sale attempt falls through

Exterior view of the Hilton Nairobi building in Kenya’s central business district, a landmark property now hosting corporate conferences and…

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Desmond de Beer Lighthouse dividend
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South African businessman Desmond de Beer to receive $6.3 million from Lighthouse

South African businessman Desmond de Beer will receive $6.3 million after Lighthouse Properties declared a €30.24 million ($35.2 million) interim…

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Hyprop Hyde Park Corner sale collapse
BusinessHot NewsLuxury

Hyprop top executives forfeit shares after Hyde Park Corner sale collapses

Hyprop executives repay incentives and forfeit shares after failed sale of 50% stake in Johannesburg’s Hyde Park Corner mall collapses.

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Portside Tower
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South Africa’s economy grows fastest in three years amid reforms

While the increase may appear modest compared with global peers, for a country that has struggled to maintain consistent growth…

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BusinessHot News

Absa, South Africa’s third-biggest lender, boosts headline earnings to $1.52 billion

Absa’s headline earnings climb 12% to $1.52 billion in 2025, driven by stronger client activity and higher non-interest income across…

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Dangote refinery fuel price increase
BusinessHot News

Aliko Dangote’s refinery just raised fuel prices by up to 34%. Here is why it had no choice

Aliko Dangote’s refinery raises petrol and diesel prices up to 34% as Iran conflict pushes crude higher, reflecting Nigeria’s market-driven…

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IFC loan Nile Sugar Egypt
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IFC considers $40 million loan for Sawiris family’s Nile Sugar expansion in Egypt

IFC considers $40 million loan to support Sawiris family’s Nile Sugar expansion, boosting Egypt’s beet farming, supply chains, and domestic…

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Africa’s largest agribusiness companies
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50 largest listed agribusiness companies in Africa

Shore Africa profiles 50 of Africa’s biggest listed farms and agribusinesses powering food production, exports and rural employment.

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Tony Elumelu joins Seplat’s board after $500 million stake deal, setting stage for chairmanship at Nigeria’s leading indigenous energy producer.
Hot NewsTourism

Billionaire Tony Elumelu takes time off in France’s Biarritz after historic growth across his business empire

Elumelu shared a glimpse of the break with his millions of followers on Instagram after moving through a demanding international…

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Pan African shifts to London Main Market
BusinessHot News

Pan African Resources expands Australia presence with $218 million acquisition

Pan African Resources to buy Emmerson Resources for $218 million, consolidating Tennant Creek gold assets in Australia.

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BusinessHot News

Nigerian lender FCMB meets $360 million capital requirement, secures international banking license

Nigeria’s FCMB has met the $360 million capital requirement for an international banking license, positioning the lender to expand operations…

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ExclusiveHot News

Africa’s 23 billionaires gain $20.3 billion; net worth hits $126.7 billion

The combined wealth of Africa’s 23 billionaires has climbed to $126.7 billion, an increase of $20.3 billion over the past…

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BusinessHot News

Nigeria’s Shoprite shuts all stores after 20 years despite local takeover

The closure follows years of financial pressure on Retail Supermarkets Nigeria Limited (RSNL), the operator of the brand in the…

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Crookes Brothers leadership loss
BusinessHot News

Africa’s leading farm, Crookes Brothers, mourns loss of CFO and director Farzanah Mall

Crookes Brothers mourns CFO Nigel Naidoo and director Farzanah Mall, honoring their leadership in governance, risk oversight, and financial stewardship.

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Baloobhai Patel Absa Kenya dividend
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Kenyan tycoon Baloobhai Patel set for $1.6 million Absa Kenya dividend

Kenyan investor Baloobhai Patel is set to earn $1.6 million after Absa Bank Kenya declared a higher dividend following stronger…

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Glencore copper refinery in Australia faces possible worker strike
BusinessHot News

Glencore copper refinery in Australia faces possible worker strike 

Glencore’s Townsville copper refinery faces a possible worker strike as pay talks…

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Metair Investments Limited reports $1.1 billion revenue in 2025 as AutoZone drives growth

Metair Investments reports $1.1 billion revenue in 2025 as AutoZone expansion, restructuring,…

Feyisayo Ajayi Feyisayo Ajayi
Remgro sells FirstRand stake
BusinessHot News

Remgro sells $300 million FirstRand stake as it exits non-core investment

Remgro sells R4.88 billion ($300 million) FirstRand shares, continuing its strategic exit…

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