Groupe Duval
BusinessHot NewsLuxury

Groupe Duval invests $21 million in Sadi Mall in Cameroon

Groupe Duval invests $21 million in Sadi Mall, expanding its retail footprint in Cameroon’s growing commercial property market.

Feyisayo Ajayi Feyisayo Ajayi
Cameroon's richest man Baba Ahmadou Danpullo.
BusinessHot News

Cameroon’s richest man Baba Danpullo-linked firm takes 10% stake in MSC’s logistics business

Baba Danpullo-linked CCML has acquired a 10% stake in AGL Cameroon, expanding his exposure to the country’s logistics sector.

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
Hot NewsBusiness

ReconAfrica upsizes share offering to $14 million to fund Namibia drilling

ReconAfrica raises its share offering to CAD19 million ($14 million) to fund horizontal sidetrack drilling and production testing in Namibia…

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
SportsBusinessHot News

Aston Villa linked to Nassef Sawiris leads European clubs in Saudi transfer income at $227 million

Aston Villa leads European clubs in Saudi transfer income, earning $227 million from player sales since summer 2023.

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater
BusinessHot News

Sibanye-Stillwater begins talks over proposed restructuring of Kwezi shaft

Sibanye-Stillwater will consult workers over Kwezi shaft restructuring, potentially affecting 1,114 employees and contractors as production declines.

Feyisayo Ajayi Feyisayo Ajayi
Varkey Verghese , Jawa
BusinessHot News

Varkey Verghese: Indian-born entrepreneur who built Jawa into a Nigerian pharmaceutical group

Varkey Verghese built Jawa International from a pharmaceutical distributor into a Nigerian manufacturer serving human and animal healthcare markets.

Feyisayo Ajayi Feyisayo Ajayi
South African asset manager Ninety One profit.
BusinessHot News

Ninety One takes stake worth $474 million in Sibanye-Stillwater

Ninety One acquires a $473.8 million stake in Sibanye-Stillwater, crossing 5% as the miner reports record H1 earnings and stronger…

Feyisayo Ajayi Feyisayo Ajayi
SunBet Namibia launch
BusinessHot NewsTourism

Sun International’s interim profit falls to $45 million in H1 2026

Sun International’s interim profit fell to $45 million in 2026 despite revenue growth, as investment and inflation pressured margins overall.

Feyisayo Ajayi Feyisayo Ajayi
Harmony Gold
BusinessHot News

Harmony Gold employee dies in seismic incident at Moab Khotsong mine

Harmony Gold confirms an employee died in a seismic incident at Moab Khotsong mine, while South African authorities investigate the…

Feyisayo Ajayi Feyisayo Ajayi
Mahesh Nandwani , Jolaks founder and CEO
BusinessHot News

Sierra Leone family-run palm oil company Jolaks secures $20 million financing

Sierra Leone’s Jolaks Manufacturing secures $20 million from Proparco to expand palm oil production and strengthen local food security.

Feyisayo Ajayi Feyisayo Ajayi
MCB
BusinessHot News

MCB structures $51 million financing for Tolaram’s Nigeria expansion

MCB has structured a $51 million loan for Tolaram, refinancing acquisition debt and supporting its expansion across Nigeria and Africa.

Feyisayo Ajayi Feyisayo Ajayi
Mtumba Government City in Dodoma
BusinessHot News

Tanzania to unveil massive $270 million government city in Dodoma

The 698 billion Tanzanian shilling ($270 million) development was built to root the day-to-day operations of the national government firmly…

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Nigerian watchdog probes Uber over sudden exit, trapped user funds

Officials are "looking into the manner of their exit, particularly in respect of unfulfilled services to the customers," FCCPC CEO…

Omokolade Ajayi Omokolade Ajayi
South African businessman Adrian Gore
BusinessHot News

South African tycoon Adrian Gore to bag $7.5 million dividend as Discovery profit soars

Gore, 62, who co-founded Discovery with Barry Swartzberg in 1992, owns a 6.48 percent stake in the company, representing 44,213,070…

Omokolade Ajayi Omokolade Ajayi
Carlos Vicente
BusinessHot News

Angolan businessman Carlos Vicente’s Standard Bank stake put on the block for $261 million

Angola’s Capital Markets Commission has approved the sale of Carlos São Vicente’s 34% Standard Bank Angola stake, valued at up…

Feyisayo Ajayi Feyisayo Ajayi
Moreku Holdings
BusinessHot News

South African businessman Thakgalo Aphane’s Moreku Holdings hit with legal setback in BMW debt dispute

Thakgalo Aphane’s Moreku Holdings suffers a Gauteng High Court setback as BMW Financial Services pursues an alleged R4.6 million ($288,008)…

Feyisayo Ajayi Feyisayo Ajayi
Morocco's stadium
TourismGlobal NewsHot NewsSports

Morocco’s $500 million stadium targets 2030 World Cup final, world’s biggest

Morocco is building a $500 million stadium near Casablanca that could host the 2030 World Cup final and become the…

Feyisayo Ajayi Feyisayo Ajayi
Babukung
BusinessHot News

South African court orders Bakubung Minerals to pay China Coal $12.6 million

South Africa’s Gauteng High Court orders Bakubung Minerals to pay China Coal R201 million ($12.59 million) after enforcing a mining…

Feyisayo Ajayi Feyisayo Ajayi
South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The plan comes as TFG reviews stores that are no longer generating enough sales to justify their costs.

Omokolade Ajayi Omokolade Ajayi
Trafigura
BusinessHot News

Trafigura gets $7.5 million as Cameroon’s Sonara gasoline dispute moves to London

Trafigura receives $7.5 million from Cameroon’s Sonara as a gasoline quality dispute moves to London under English law and jurisdiction.

Feyisayo Ajayi Feyisayo Ajayi
United Bank for Africa Plc (UBA)
BusinessHot News

UBA returns $312 million to investors as shares climb ahead of interim results

UBA has added $312 million to investor wealth in two months as its shares climbed 25.47 percent on the Nigerian Exchange ahead of its interim results.

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 globally.

Groupe Duval
BusinessHot NewsLuxury

Groupe Duval invests $21 million in Sadi Mall in Cameroon

Groupe Duval invests $21 million in Sadi Mall, expanding its retail footprint in Cameroon’s growing commercial property market.

Feyisayo Ajayi Feyisayo Ajayi
Cameroon's richest man Baba Ahmadou Danpullo.
BusinessHot News

Cameroon’s richest man Baba Danpullo-linked firm takes 10% stake in MSC’s logistics business

Baba Danpullo-linked CCML has acquired a 10% stake in AGL Cameroon, expanding his exposure to the country’s logistics sector.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BusinessBillionaires

South African billionaire Patrice Motsepe’s $162 million phosphate bet hits trouble

Patrice Motsepe’s Kropz phosphate investment faces a setback as mine restructuring puts 238 jobs at risk.

Timilehin Adejumobi Timilehin Adejumobi

Eswatini Oils wins court battle against Vuslat Bayoglu’s farm to recover two industrial boilers

Eswatini Oils wins a South African court ruling to recover two industrial boilers from Vuslat Bayoglu’s Vusi’s Farm.

Feyisayo Ajayi Feyisayo Ajayi
A&S Resources Limited at work
BusinessHot News

Central Africa’s iron ore gets $6 billion railway boost from A&S Resources

A&S Resources railway funding secures $6 billion for a rail link from Central African Republic iron ore mines to Cameroon’s Port of Kribi.

Timilehin Adejumobi Timilehin Adejumobi
Old Mutual
BusinessHot News

South Africa’s Old Mutual bank targets profit as customers near 1 million

Old Mutual’s new South African bank nears 1 million customers as it targets profitability by 2028 after a multibillion-rand investment.

Oluwatosin Alao Oluwatosin Alao
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