Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessExclusiveHot News

Nompumelelo Zikalala: Durban-born mining executive leading $6.4 billion mining giant

Zikalala’s entry into mining began unexpectedly in a KwaZulu-Natal classroom, when De Beers representatives visited her high school to present…

Omokolade Ajayi Omokolade Ajayi
Purple Group EasyEquities growth
BusinessHot News

South Africa’s Purple Group posts $18 million revenue in H1 2026

Purple Group posts $18 million revenue as EasyEquities drives growth, lifting profit 33% on rising clients, assets and strong cost…

Feyisayo Ajayi Feyisayo Ajayi
AttBid RMH takeover
BusinessHot News

South African Van der Walt brothers’ AttBid advances RMH takeover after boosting holdings

AttBid advances RMH takeover after lifting stake to 42.44%, triggering mandatory offer under South Africa’s companies regulatory procedures.

Feyisayo Ajayi Feyisayo Ajayi
Transmara Sugar tax dispute
BusinessHot News

Kenya Tribunal orders taxman to review $14 million tax dispute involving Transmara Sugar

Kenya tribunal faults KRA for misreading data in Transmara Sugar’s Ksh1.8 billion ($14 million) tax-loss claim, ordering fresh review.

Feyisayo Ajayi Feyisayo Ajayi
Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.
BusinessHot News

Zenith Bank completes Kenya’s Paramount Bank takeover, grows African footprint

The acquisition makes Zenith Bank the fourth Nigerian lender operating in Kenya, alongside UBA, Guaranty Trust Bank, and Access Bank.

Omokolade Ajayi Omokolade Ajayi
Customer making a payment with Lucky card and POS terminal in Egypt.
Hot NewsTechnology

Egypt’s fintech Lucky raises $23 million, eyes North Africa expansion

The round, which combines equity and debt, will support product development, infrastructure upgrades, and regulatory readiness as Lucky broadens its…

Omokolade Ajayi Omokolade Ajayi
Remgro executive share awards
BusinessHot News

Remgro awards $8.1 million shares to executives in performance-linked pay plan

Remgro grants $8.1 million in performance-linked shares to executives, aligning pay with long-term shareholder value creation.

Feyisayo Ajayi Feyisayo Ajayi
FirstRand UK motor finance provision
BusinessHot News

FirstRand raises UK motor finance provision to $997.2 million on FCA rules

FirstRand raises UK motor finance provision to £750 million ($997.2 million) as FCA redress rules drive higher costs and regulatory…

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

South African billionaire Patrice Motsepe gains $200 million as ARM shares jump

The gain follows renewed investor interest in mining stocks and improved performance at his flagship holdings.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

FCMB pushes value-chain coordination to boost Nigeria’s food security

FCMB promotes value-chain coordination to expand farmer access to inputs, finance, and markets, enhancing Nigeria’s food security.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and banker Jim Ovia.
BusinessHot News

Nigeria’s richest banker Jim Ovia to pocket $42 million from Zenith Bank

Nigeria’s richest banker Jim Ovia to pocket $42 million dividend as Zenith Bank posts $754 million profit, highlighting sustained financial…

Feyisayo Ajayi Feyisayo Ajayi
Lowe’s $250 million skilled trades initiative
BusinessGlobal NewsHot News

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Feyisayo Ajayi Feyisayo Ajayi
Dangote refinery fuel price increase
BusinessHot News

Fuel from Dangote Refinery reaches more African countries amid Middle East supply disruptions

The Dangote Refinery has shipped 17 cargoes of gasoline to multiple African nations to stabilize supply.

Omokolade Ajayi Omokolade Ajayi
South Africa gambling spending
BusinessEntertainmentHot News

South Africa’s actual gambling spend hits $4.4 billion, not $88.8 billion as claimed

South Africa’s gambling spend reached R74.5 billion ($4.4 billion) in 2024, far below the R1.5 trillion ($88.8 billion) turnover figure…

Feyisayo Ajayi Feyisayo Ajayi
Samuel Dossou-Aworet
BusinessExclusiveHot News

Gabon could gain first billionaire as Samuel Dossou-Aworet’s oil stakes jump to $907 million

Recent market movements have pushed the combined value of his stakes above $900 million, placing him within reach of a…

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and banker Jim Ovia.
BusinessHot News

Nigeria’s Zenith Bank posts $754 million profit in 2025

Zenith Bank posts $754 million profit in 2025 under Jim Ovia, showing resilience despite earnings pressure and rising costs.

Feyisayo Ajayi Feyisayo Ajayi
Phuthi Mahanyele-Dabengwa, first Black chief executive of Naspers, South Africa.
BusinessExclusiveHot News

Meet Soweto-born Phuthi Mahanyele-Dabengwa, first black chief executive of $40 billion South African giant, Naspers

Beyond her executive responsibilities, Mahanyele-Dabengwa holds several board and advisory roles.

Omokolade Ajayi Omokolade Ajayi
Alameda Healthcare Nairobi clinic
BusinessHot News

Alameda Healthcare expands into East Africa’s medical market with specialist clinic in Nairobi

Alameda Healthcare opens $250,000 Nairobi clinic, expanding Egypt’s healthcare investment footprint across Kenya and East Africa.

Feyisayo Ajayi Feyisayo Ajayi
OCI Global ammonia sale AGROFERT
BillionairesBusinessGlobal NewsHot News

OCI Global finalizes sale of ammonia unit to AGROFERT in $335 million deal

OCI Global sells ammonia unit to AGROFERT for $335 million, advancing portfolio reshaping while securing continued supply access.

Feyisayo Ajayi Feyisayo Ajayi
Rafiki Microfinance tax dispute Kenya
BusinessHot News

Kenya’s Rafiki Microfinance Bank founded by Daniel Mavindu loses $1.6 million tax case

Rafiki Microfinance loses tax appeal as tribunal upholds $1.6 million assessment on suspended interest, backing Kenya Revenue Authority.

Feyisayo Ajayi Feyisayo Ajayi
Khaby Lame
ExclusiveHot News

From factory floor to viral fame: How Khaby Lame turned job loss into a $20 million fortune with his TikTok empire

Laid off in 2020, Khaby Lame turned to TikTok and rose to global fame and fortune without uttering a word.

FSD Africa
BusinessHot News

FSD Africa unveils $30 million fund backing early-stage African startups

FSD Africa launches a new fund to help early-stage insurtechs widen access to affordable coverage.

Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessExclusiveHot News

Nompumelelo Zikalala: Durban-born mining executive leading $6.4 billion mining giant

Durban-born Nompumelelo Zikalala leads $6.4 billion Kumba Iron Ore, boosting profits and social initiatives.

Omokolade Ajayi Omokolade Ajayi
Purple Group EasyEquities growth
BusinessHot News

South Africa’s Purple Group posts $18 million revenue in H1 2026

Purple Group posts $18 million revenue as EasyEquities drives growth, lifting profit 33% on rising clients, assets and strong cost discipline.

Feyisayo Ajayi Feyisayo Ajayi
AttBid RMH takeover
BusinessHot News

South African Van der Walt brothers’ AttBid advances RMH takeover after boosting holdings

AttBid advances RMH takeover after lifting stake to 42.44%, triggering mandatory offer under South Africa’s companies regulatory procedures.

Feyisayo Ajayi Feyisayo Ajayi
Transmara Sugar tax dispute
BusinessHot News

Kenya Tribunal orders taxman to review $14 million tax dispute involving Transmara Sugar

Kenya tribunal faults KRA for misreading data in Transmara Sugar’s Ksh1.8 billion ($14 million) tax-loss claim, ordering fresh review.

Feyisayo Ajayi Feyisayo Ajayi
Eni Energy Giant Building
BusinessHot News

Italy’s Eni discovers major gas reserves offshore Egypt

New Eni gas discovery offshore Egypt supports regional energy stability

Timilehin Adejumobi Timilehin Adejumobi
Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.
BusinessHot News

Zenith Bank completes Kenya’s Paramount Bank takeover, grows African footprint

Zenith Bank completes Paramount Bank acquisition in Kenya, expanding cross-border operations and boosting Africa-Europe trade services.

Omokolade Ajayi Omokolade Ajayi
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