South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

South African billionaire Johann Rupert becomes second African to hit $20 billion

The move above the symbolic $20 billion mark follows a sharp advance in shares of Swiss luxury group Richemont.

Omokolade Ajayi Omokolade Ajayi
Lance Foxcroft, CEO of Italtile
BusinessHot News

Outgoing Italtile CEO Lance Foxcroft receives $1.2 million salary in 2025

Outgoing Italtile CEO earns $1.2 million in 2025 amid weak retail demand, margin pressure, and cautious South African consumers.

Timilehin Adejumobi Timilehin Adejumobi
Cape Town’s tourism sector held steady in 2025.
TourismBusinessHot News

Cape Town tourism holds steady as foreign visitors drive $1.5 billion in spending

Foreign arrivals carried much of the growth, both in volume and in how much visitors spent per trip.

Omokolade Ajayi Omokolade Ajayi
African billionaires who own superyachts
Hot NewsLuxury

5 African billionaires who own superyachts

African billionaires expand into superyachts, signaling global luxury reach, investment shift, and rising influence in elite maritime markets.

Feyisayo Ajayi Feyisayo Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusiness

Sim Tshabalala sees Standard Bank stake top $15 million ahead of 2027 retirement

Since the start of 2025, the stake has climbed from R219 million ($13.2 million), reflecting sustained investor confidence in the…

Omokolade Ajayi Omokolade Ajayi
Conoil Plc, the Lagos-based petroleum marketer.
Hot NewsBusiness

Nigeria’s Conoil profit jumps to $2.9 million in Q1 2026 on lower costs

The jump in earnings was largely driven by lower sales costs.

Omokolade Ajayi Omokolade Ajayi
Moroccan billionaire Anas Sefrioui
BillionairesBusinessHot News

Moroccan billionaire Anas Sefrioui’s net worth rises $100 million in 24 hours

At the center of the gain is Sefrioui’s 64.78 percent stake in Addoha, now valued at $1 billion.

Omokolade Ajayi Omokolade Ajayi
rail systems
BusinessHot News

10 notable heavy-haul rail systems across Africa

Across Africa, 15 heavy-haul rail systems move iron ore, coal and copper, powering export supply chains and driving mining economies…

Feyisayo Ajayi Feyisayo Ajayi
Ongwe Minerals Namibia gold exploration
BusinessHot News

Ongwe Minerals raises $15.4 million for Namibia gold exploration

Ongwe Minerals raises $15.4 million to accelerate Namibia gold exploration, with funding potentially exceeding $23 million.

Feyisayo Ajayi Feyisayo Ajayi
Tswalu Kalahari conservation reserve
Hot NewsTourism

Oppenheimer family’s Tswalu builds conservation legacy across South Africa’s largest private reserve

Oppenheimer family transforms Tswalu into South Africa’s largest private reserve, advancing conservation, biodiversity restoration and eco-tourism

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBusinessHot News

Pretoria-born trillionaire, Elon Musk, projects $1 trillion SpaceX revenue by 2030

Musk made the comment in a reply on X to journalist and financial commentator Jon Erlichman, putting a timeline on…

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

World Bank prepares $750 million loan to support Kenya’s fiscal reforms

This financing follows a larger $1.2 billion injection approved in May 2024 and marks the second phase of a three-part…

Omokolade Ajayi Omokolade Ajayi
Vodacom executive share awards
BusinessHot News

Vodacom CEO Aziz Joosub, top brass unlock over $5 million in share awards

Vodacom awarded over $5.01 million in share incentives to CEO Aziz Joosub and top executives under a three-year JSE-linked vesting…

Feyisayo Ajayi Feyisayo Ajayi
Neal Froneman DRA Global mining
BusinessHot News

Sibanye Stillwater’s former CEO, Neal Froneman, pivots to next frontier at DRA Global

Former Sibanye Stillwater CEO Neal Froneman becomes senior strategic adviser at DRA Global, shifting to mining strategy and project dev…

Feyisayo Ajayi Feyisayo Ajayi
Kenya forex losses tax ruling
BusinessHot News

Kenya’s Del Monte wins $2.1 million court ruling on forex loss tax deductions

Del Monte wins $2.1 million tax appeal as Kenya court allows forex losses from debt-to-equity conversions as deductible expenses.

Feyisayo Ajayi Feyisayo Ajayi
Lagos-based lender Wema Bank Plc.
Hot NewsBusiness

Wema Bank’s Q1 2026 profit rises to $46.4 million on stronger lending income

Gross earnings climbed to N204.82 billion ($150.5 million) from N139.38 billion ($102.4 million) in the first quarter of 2025.

Omokolade Ajayi Omokolade Ajayi
South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

With nearly $20 billion fortune, Johann Rupert is back as Africa’s second-richest person

The change reflects gains in luxury goods stocks tied to Rupert and weaker performance across listed companies linked to Rabiu…

Omokolade Ajayi Omokolade Ajayi
Harel Mallac & Co. Limited, a Mauritius-based diversified conglomerate.
Hot NewsBusiness

Mauritius-based Harel Mallac steers recovery as turnaround efforts lift revenue to $72.5 million

The resilient performance under Group CEO Charles Harel was reflected in operating results, with profit before finance costs returning to…

Omokolade Ajayi Omokolade Ajayi
Nigerian agribusiness entrepreneur Rotimi Opeyemi.
Hot NewsBusiness

Nigerian agribusiness entrepreneur Rotimi Opeyemi leads JR Farms Group to $60 million Liberia coffee deal

The 20-year concession agreement, signed through Liberia’s Ministry of Agriculture, is one of the largest recent commitments to the country’s…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Midroc Ethiopia gets $80 million loan to revamp Sheraton Addis hotel

Midroc Ethiopia secures $80 million loan to revamp Sheraton Addis and build new hotel, boosting tourism, jobs and private-sector growth.

Feyisayo Ajayi Feyisayo Ajayi
Four Seasons SHarm Elsham
LuxuryHot NewsTourism

Four Seasons Resort Sharm El Sheikh: Egypt’s red sea jewel

Luxury meets nature at Four Seasons Sharm El Sheikh, a Red Sea resort with diving, dining, and spa.

Nigerian telecom mogul Bashir Ahmad El-Rufai’s stake hit $7.7 million in IHS
BusinessHot News

Nigerian telecom mogul Bashir Ahmad El-Rufai’s stake hit $7.7 million in IHS

Bashir Ahmad El-Rufai’s IHS Towers stake surged to $7.7 million in 2025, driven by a 110% share price rally.

South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

South African billionaire Johann Rupert becomes second African to hit $20 billion

Johann Rupert hits $20.2 billion as Richemont luxury stock surges, making him the second African to pass the $20 billion mark.

Omokolade Ajayi Omokolade Ajayi
Lance Foxcroft, CEO of Italtile
BusinessHot News

Outgoing Italtile CEO Lance Foxcroft receives $1.2 million salary in 2025

Italtile CEO Lance Foxcroft salary 2025 rises to $1.2 million as earnings grow despite weak demand and retail pressure.

Timilehin Adejumobi Timilehin Adejumobi
Cape Town’s tourism sector held steady in 2025.
TourismBusinessHot News

Cape Town tourism holds steady as foreign visitors drive $1.5 billion in spending

Cape Town tourism stays steady in 2025 as international visitors drive $1.5 billion in spending and domestic travel weakens.

Omokolade Ajayi Omokolade Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusiness

Sim Tshabalala sees Standard Bank stake top $15 million ahead of 2027 retirement

A stronger rand and rising JSE shares push Sim Tshabalala’s Standard Bank stake over $15 million as the lender expands across Africa.

Omokolade Ajayi Omokolade Ajayi
Conoil Plc, the Lagos-based petroleum marketer.
Hot NewsBusiness

Nigeria’s Conoil profit jumps to $2.9 million in Q1 2026 on lower costs

Conoil posts N3.89 billion ($2.9 million) Q1 2026 profit as cost cuts offset revenue decline and strengthen margins.

Omokolade Ajayi Omokolade Ajayi
Moroccan billionaire Anas Sefrioui
BillionairesBusinessHot News

Moroccan billionaire Anas Sefrioui’s net worth rises $100 million in 24 hours

Anas Sefrioui's net worth climbed to $1.5 billion following a $100 million surge driven by a rally in Addoha housing shares.

Omokolade Ajayi Omokolade Ajayi
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