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South Africa’s richest man faces $2.2 billion loss amid global unrest

The Bloomberg Billionaires Index now pegs his net worth at $17.2 billion, down from $19.5 billion on Jan. 1.

Omokolade Ajayi March 12, 2026

Fertiglobe approves $260 million dividend payout for 2025 after strong earnings

Fertiglobe, backed by Abu Dhabi National Oil Company, approves $260 million 2025 dividends, lifting total capital returns to $334 million…

Feyisayo Ajayi March 12, 2026

Business Hot News

Nigerian Breweries partners to launch food-grade rPET facility in Ogun State

The initiative will be developed through Indorama Ventures Recycling Solutions Limited, a special purpose vehicle created to build, own, and…

Omokolade Ajayi March 12, 2026

Business Hot News

Pareto secures full control of Sandton Convention Centre after Southern Sun exits $66 million deal

Pareto secures full ownership of the Sandton Convention Centre and two Sandton hotels after Southern Sun exits the $66 million…

Omokolade Ajayi March 12, 2026

Business Hot News

Nigerian billionaires Elumelu, Rabiu meet Macron to strengthen Africa-France ties

The meeting comes as Nigeria’s economy shows signs of steady improvement.

Omokolade Ajayi March 12, 2026

Business Exclusive Hot News

Top 15 global billionaires investing billions across Africa

Global billionaires including Elon Musk, Jeff Bezos, and Bill Gates are investing billions across Africa’s tech, infrastructure, and development sectors.

Feyisayo Ajayi March 12, 2026

Business Hot News

KCB Group posts record $530 million profit as Kenyan unit leads earnings growth

The Nairobi-based lender said profit after tax rose to Ksh68.4 billion ($530 million) in 2025, up from Ksh61.8 billion ($478.2…

Omokolade Ajayi March 12, 2026

Hot News Luxury

Meet Samuel Tafesse, Ethiopian multi-millionaire behind Africa’s first Marriott hotel

Ethiopian developer Samuel Tafesse built sub-Saharan Africa’s first Marriott hotel, rising from street trader to construction magnate.

Feyisayo Ajayi March 12, 2026

Sam Ngumeni to succeed Woolworths CEO Bagattini

Business Hot News

Woolworths names Sam Ngumeni CEO as Roy Bagattini prepares to retire in 2026

Woolworths names longtime executive Sam Ngumeni CEO as Roy Bagattini prepares to retire in 2026 after six years leading strategic…

Feyisayo Ajayi March 12, 2026

Hot News Luxury

IFC launches $1.76 million program to improve labor standards in Africa’s hotels

IFC launches a $1.76 million advisory program to help African hotels improve labor standards, strengthen HR systems and align with…

Feyisayo Ajayi March 12, 2026

Business Hot News

IFC backs $20 million risk-sharing deal to finance Guinea’s construction firm GPC

IFC plans $20 million risk-sharing deal with Ecobank Guinea to expand financing for construction and mining contractor GPC in Guinea…

Feyisayo Ajayi March 11, 2026

Business Hot News

Growthpoint Properties reports $403 million revenue as property assets near $10 billion

Growthpoint Properties posts $406 million half-year revenue, interim dividend rises 8.5% on strong SA portfolio performance and strategic acquisitions.

Feyisayo Ajayi March 11, 2026

Hosken Consolidated Investments Kalahari Mall sale

Hot News Luxury

Hosken Consolidated Investments to sell Kalahari Mall for $48.6 million

Hosken Consolidated Investments agrees $48.6 million sale of Kalahari Mall in Upington, aiming to reduce debt and unlock value for…

Feyisayo Ajayi March 11, 2026

Business Hot News

Tanzania’s first dollar billionaire, Rostam Aziz, acquires majority stake in Nation Media Group

The acquisition follows an agreement between The Aga Khan Fund for Economic Development S.A. (AKFED) and Aziz’s company, Taarifa Ltd.

Omokolade Ajayi March 11, 2026

Hot News Sports

Anthony Joshua moves to Dubai even as Iran tensions shake UAE safe-haven status

This comes as the UAE faces attacks from Iranian suicide drones, raising questions about the city’s promise of security.

Omokolade Ajayi March 11, 2026

Business Hot 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, and stronger demand lift margins and operating performance.

Feyisayo Ajayi March 11, 2026