Portside Tower
BusinessHot News

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…

Omokolade Ajayi Omokolade Ajayi
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…

Omokolade Ajayi Omokolade Ajayi
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…

Feyisayo Ajayi Feyisayo Ajayi
IFC loan Nile Sugar Egypt
BusinessHot News

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…

Feyisayo Ajayi Feyisayo Ajayi
Africa’s largest agribusiness companies
BusinessHot News

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.

Feyisayo Ajayi Feyisayo Ajayi
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…

Omokolade Ajayi Omokolade Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
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…

Omokolade Ajayi Omokolade Ajayi
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…

Omokolade Ajayi Omokolade Ajayi
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…

Omokolade Ajayi Omokolade Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
Baloobhai Patel Absa Kenya dividend
BusinessHot News

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…

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya 2025 profit
BusinessHot News

Absa Kenya posts $177.9 million profit in 2025 amid digital growth

Absa Kenya posts $177.9 million profit in 2025, boosted by digital growth, lower credit costs, and disciplined cost management.

Feyisayo Ajayi Feyisayo Ajayi
City Lodge Newtown hotel closure
Hot NewsLuxury

City Lodge to close Newtown hotel in Johannesburg by March 2026

City Lodge will close its 148-room Newtown hotel in Johannesburg by March 2026 as the group streamlines its portfolio and…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenyan Sasini Tea targets China, India as Middle East crisis hits exports

The company said shipping produce through the Suez Canal and the Strait of Hormuz has become increasingly challenging due to…

Omokolade Ajayi Omokolade Ajayi
MTN IHS Towers acquisition
BusinessHot News

MTN’s $6.2 billion IHS takeover could deliver $9.2 million to Bashir Ahmad El-Rufai

Bashir Ahmad El-Rufai could earn $9.2 million if MTN Group completes its $6.2-billion acquisition of telecom tower giant IHS Towers.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Zimbabwe’s richest man Strive Masiyiwa gains $900 million; hits $2.2 billion

Masiyiwa’s net worth has climbed from $1.3 billion on Jan. 1, 2026, to $2.2 billion at the time of drafting…

Omokolade Ajayi Omokolade Ajayi
Ngugi Kiuna Heineken lawsuit
BusinessHot News

Kenyan tycoon Ngugi Kiuna wins over $11 million court order against Heineken

Kenyan businessman Ngugi Kiuna wins major court order forcing Heineken to guarantee $11.4 million in a decade-long distribution dispute.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, president of Dangote Group
BusinessHot News

Africa’s richest man Aliko Dangote loses $400 million as naira weakens

According to the Bloomberg Billionaires Index, Dangote, 68, has lost $400 million over the past 10 days.

Omokolade Ajayi Omokolade Ajayi
Labat Africa Mondau AI investment
BusinessHot News

Labat Africa buys $1.8 million stake in Mozambique AI firm Mondau

Labat Africa buys $1.8 million stake in Mozambique AI firm Mondau, expanding into generative AI, GPU infrastructure and Africa’s digital…

Feyisayo Ajayi Feyisayo Ajayi
Southern Sun’s $45 million Sandton acquisition falls through
BusinessLuxury

Southern Sun’s $45 million Sandton acquisition falls through 

Southern Sun’s $45 million Sandton deal halted after Pareto blocks purchase of…

Timilehin Adejumobi Timilehin Adejumobi
Portside Tower
BusinessHot News

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

South Africa’s GDP grew 1.1 percent in 2025, its fastest pace in…

Omokolade Ajayi Omokolade Ajayi
Glencore considers ASX listing after Rio Tinto talks collapse
BusinessHot News

Glencore considers ASX listing after Rio Tinto talks collapse  

Glencore is considering an ASX listing after Rio Tinto merger talks collapsed,…

Timilehin Adejumobi Timilehin Adejumobi
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