Chris Otto
BusinessHot News

Capitec founding director Chris Otto to retire after AGM next month

Capitec founding director Chris Otto will retire after AGM on July 31, 2026, ending a 25-year era at South Africa’s…

Feyisayo Ajayi Feyisayo Ajayi
MCB AXIAN Energy financing Africa
BusinessHot News

MCB backs AXIAN Energy with $60 million financing to accelerate Africa expansion

MCB provides $60 million financing to AXIAN Energy to scale renewable projects and expand across Africa’s fast-growing power markets.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBusiness

Africa’s richest man Aliko Dangote’s refinery cuts petrol, diesel, jet fuel prices

The latest reductions came as crude prices retreated after signs of easing tensions between the United States and Iran.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe's Parliament building
Hot NewsBusiness

Zimbabwe hikes minimum wage by 80% as new gold-backed currency steadies

The new policy increases the unclassified monthly minimum wage to $270 from $150.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Khalifa Biobaku.
Hot NewsBusiness

Nigerian executive Khalifa Biobaku exits UAC of Nigeria with $6.2 million share sale

Biobaku, through Dalio Property Development Company, sold his remaining 45,197,311 shares, representing a 1.54 percent stake in UAC of Nigeria.

Omokolade Ajayi Omokolade Ajayi
Standard Bank's office in South Africa.
Hot NewsBusiness

Standard Bank eyes $15.4 billion growth market as African trade expands

The group aims to capture this growth to drive earnings through 2028.

Omokolade Ajayi Omokolade Ajayi
Lithium
Hot NewsBusiness

Nigeria wins $3 billion in mining investments as Africa halts cheap raw exports

The investments focus on lithium, gold, and other strategic resources.

Omokolade Ajayi Omokolade Ajayi
South African executive Raymond Ndlovu.
Hot NewsBusiness

South African executive Raymond Ndlovu named chair of $1.2 billion logistics giant Grindrod

The appointment follows several years of Ndlovu’s service on the board, where he has been involved in governance and strategic…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

10 largest church congregations in Africa

Africa’s megachurches rank by weekly attendance, led by Nigeria’s vast Pentecostal networks shaping education, media and infrastructure across Africa

Feyisayo Ajayi Feyisayo Ajayi
Lesaka Bank Zero deal extension
BusinessHot News

South Africa’s Lesaka extends $67.3 million Bank Zero deal deadline to 2027 amid regulatory approvals

Lesaka extends $67.3 million Bank Zero deal to 2027 as regulatory approvals delay a key fintech expansion in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Alios Finance acquisition impact
BusinessHot News

Alios Finance Cameroon loses market lead one year after Ivorian businessman Serge-Aimé Bilé’s takeover

Alios Finance loses Cameroon credit lead to SCE one year after Credaf acquisition, amid sharp market share decline.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

BUA Foods adds $2.3 billion to Nigerian billionaire Abdul Samad Rabiu’s fortune

BUA Foods’ 2026 rally added $2.3 billion to Abdul Samad Rabiu’s fortune, driven by efficiency gains and stronger margins despite…

Feyisayo Ajayi Feyisayo Ajayi
Bidcorp executive share sale
BusinessHot News

Bidcorp CEO Bernard Berson, CFO sell $2.1 million shares to meet tax obligations

Bidcorp CEO Bernard Berson and CFO David Cleasby sold $2.1m shares to meet tax obligations, JSE filing shows, June 11,…

Feyisayo Ajayi Feyisayo Ajayi
Hot News

Africa’s largest asset manager exits Mustek with $3 million stake sale

PIC exits Mustek with $3 million share sale amid weak earnings, leadership shifts, and ongoing pressure on South Africa’s tech…

Feyisayo Ajayi Feyisayo Ajayi
Vukile Property Fund results 2026
BusinessHot News

Vukile Property Fund profit hits 354 million on Europe retail expansion

Vukile Property Fund posts higher earnings and dividends, expands into Europe and Italy, driven by retail acquisitions and portfolio growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s Hyprop names Lucas Ndala to board amid Spar CEO transition

South Africa's Hyprop appoints Lucas Ndala, Oberholster to board as Spar CEO exit drives governance overhaul and strengthens investment oversight.

Feyisayo Ajayi Feyisayo Ajayi
IFC smart meter financing Rajasthan
Hot NewsGlobal News

IFC to fund $200 million smart meter rollout in Rajasthan, boosting India’s power grid

IFC proposes $200 million financing for Gemstar’s smart meters in Rajasthan, accelerating India’s power distribution overhaul.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam Egypt data center
Hot NewsBusinessTechnology

Hassan Allam plans $400 million Egypt Data Center expansion after license approval

Hassan Allam plans $400M Egypt data center after cloud license approval, boosting digital infrastructure and regional tech ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Clientèle buyout offer JSE delisting
BusinessHot News

South Africa’s Clientèle reaffirms buyout offer as delisting nears

Clientèle reaffirms R19.9 ($1.22) per share buyout as it advances JSE delisting, with tax considerations shaping final shareholder returns ahead…

Feyisayo Ajayi Feyisayo Ajayi
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
Johann Rupert, chairman of Richemont and Remgro Limited.
Hot NewsBillionairesBusiness

South Africa’s richest man, Johann Rupert, loses $900 million as Richemont shares fall

South African billionaire Johann Rupert loses $900 million in 10 days as Richemont shares fall, cutting his net worth.

EGYPT DESERT CITY
BusinessLuxury

Egypt’s latest megaproject: Building a futuristic desert city

Egypt’s Jirian city will reclaim 2.5 million acres of desert to boost agriculture, create 250,000 jobs, and house 3 million residents near Cairo.

Mimosa Mines
BusinessHot News

Zimbabwe mining boost: Mimosa reopens $130 million platinum investment

Zimbabwe Mining Boost gains momentum as Mimosa revives a $130 million platinum project to extend mine life and boost output.

Timilehin Adejumobi Timilehin Adejumobi
Chris Otto
BusinessHot News

Capitec founding director Chris Otto to retire after AGM next month

Capitec founding director Chris Otto will retire after AGM on July 31, 2026, ending a 25-year era at South Africa’s largest retail bank group.

Feyisayo Ajayi Feyisayo Ajayi
ADvTECH
BusinessHot News

South Africa’s ADvTECH completes $15 million share buyback program

ADvTECH Share Buyback highlights strong earnings, shareholder returns, and Africa private education growth prospects.

Timilehin Adejumobi Timilehin Adejumobi
MCB AXIAN Energy financing Africa
BusinessHot News

MCB backs AXIAN Energy with $60 million financing to accelerate Africa expansion

MCB provides $60 million financing to AXIAN Energy to scale renewable projects and expand across Africa’s fast-growing power markets.

Feyisayo Ajayi Feyisayo Ajayi
Gold-field Logo
BusinessHot News

Ghana’s Gold Fields backs sustainable mining with $107 million bond

Gold Fields Ghana sustainable mining bond raises $107m for reclamation, ESG compliance, and land restoration across Ghana’s mining sector.

Timilehin Adejumobi Timilehin Adejumobi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBusiness

Africa’s richest man Aliko Dangote’s refinery cuts petrol, diesel, jet fuel prices

Aliko Dangote’s refinery has slashed domestic fuel prices in Nigeria following a decline in global crude costs spurred by a United States-Iran interim peace agreement.

Omokolade Ajayi Omokolade Ajayi
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