HOT NEWS

Asante Gold’s finance chief David Wiens resigns after leading $1 billion financing drive

July 27, 2026

Tiger Brands invests $12 million in new culinary facility in South Africa

July 27, 2026

South African executive Phuthi Mahanyele-Dabengwa reveals $1.7 billion investment in France’s innovation ecosystem

July 27, 2026

South African retail giant The Foschini Group

South African retail leader TFG sinks to 16-year low, wiping out $606 million

July 27, 2026

Asante Gold’s finance chief David Wiens resigns after leading $1 billion financing drive

Asante Gold CFO David Wiens resigns after three years, following a $1 billion financing drive supporting Ghana expansion.

Feyisayo Ajayi July 27, 2026

Hot News Business

South African executive Phuthi Mahanyele-Dabengwa reveals $1.7 billion investment in France’s innovation ecosystem

Prosus and parent company Naspers have poured €1.5 billion ($1.7 billion) into French technology companies, expanding the group’s footprint across…

Omokolade Ajayi July 27, 2026

Nigerian business leader Emmanuel Nnorom

Exclusive Business

Meet Emmanuel Nnorom: Nigerian business leader set to chair $24.5 billion UBA Group

The appointment marks another chapter for an executive whose career has closely tracked the evolution of Nigeria's modern financial sector.

Omokolade Ajayi July 27, 2026

Hot News Business

South African retail leader TFG sinks to 16-year low, wiping out $606 million

The decline reflects a 15.75 percent drop over the past month and a 37 percent plunge since January, knocking $606…

Omokolade Ajayi July 27, 2026

Business Global News Hot News Technology

Naspers, led by Koos Bekker, returned $46 billion through buybacks

Naspers returned $46 billion via buybacks, repurchasing over 22 million shares to boost value and narrow its Tencent discount.

Feyisayo Ajayi July 27, 2026

Business Hot News

Kenyan tycoon Ronald Karauri’s grip on SportPesa weakens after UAE investors gain control

Karauri, who serves as SportPesa’s CEO, now owns 3 percent, down from 13.4 percent.

Omokolade Ajayi July 27, 2026

Hot News Business

South African banker Mary Vilakazi leads FirstRand back as Africa’s most valuable lender with $32.4 billion market cap

FirstRand reclaimed the top spot after its shares rose 70 basis points in early trading on Monday, July 27, lifting…

Omokolade Ajayi July 27, 2026

UBA sweeps top honours at 2026 Euromoney Awards

Hot News Business

UBA sweeps top honors at 2026 Euromoney Awards, named Nigeria’s Best ESG, Retail Bank

The recognition comes as UBA continues to expand its retail business while increasing investment in sustainable finance across its African…

Omokolade Ajayi July 27, 2026

Business Hot News

Brett and Mark Levy’s Cell C rebounds above $537 million after shedding $92 million

Cell C rebounds above $537 million after a post-listing slump, as improving fundamentals meet lingering investor caution on the JSE.

Feyisayo Ajayi July 27, 2026

Business Hot News

Shoprite’s rise under its founding CEO Whitey Basson: From 8 stores to retail giant in 37 years

How Whitey Basson transformed Shoprite from eight stores into Africa’s largest retailer through acquisitions, expansion, and a focus on affordability.

Feyisayo Ajayi July 26, 2026

Luxury Hot News

Hilton Lusaka project to cost nearly $100 million as Asmara Holdings backs Zambia expansion

Hilton’s $100 million Lusaka hotel project, backed by Asmara Holdings, signals rising investor confidence in Zambia’s hospitality sector.

Feyisayo Ajayi July 25, 2026

Hot News Billionaires Business

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

Investors are also watching Starship, SpaceX’s next-generation launch system, which remains central to the company’s long-term plans.

Omokolade Ajayi July 25, 2026

Business Hot News

Heirs Holdings’ portfolio companies earn international recognition across industries

The recognition reflects their financial results, operational execution and continued investment in strengthening power and infrastructure across Africa despite a…

Omokolade Ajayi July 25, 2026

Standard bank Group and CEO Sim Tshabalala

Business Hot News

How Standard Bank Group dominates key African markets under CEO Sim Tshabalala

Standard Bank Group expands across Africa under CEO Sim Tshabalala, using scale, governance and strategy to reinforce market dominance.

Feyisayo Ajayi July 25, 2026

Business Hot News

Geregu Power sheds $556 million on NGX in 2026

AfDB approves $114 million loan for Morocco’s first EV battery gigafactory, boosting electric mobility and green manufacturing ambitions.

Feyisayo Ajayi July 25, 2026

Business Hot News

Ghana’s richest investor Daniel Ofori hit by $24 million loss on Soc. Gen. Ghana stake in 143 days

Ghana’s top investor Daniel Ofori loses $24 million on Societe Generale Ghana stake amid cedi depreciation and share price volatility.

Feyisayo Ajayi July 24, 2026

Business Hot News

South African-born executive Stanley Bergman exits Henry Schein after 45 years with $53 million stake

Stanley Bergman exits Henry Schein after 45 years, stepping down in 2025 with a $53 million stake after transforming the…

Feyisayo Ajayi July 24, 2026

Billionaires Business Hot News

World’s richest Black person Aliko Dangote eyes $100 billion empire on oil, fertilizer

At present, the Dangote Group generates roughly $20 billion in annual revenue.

Omokolade Ajayi July 24, 2026

Business Billionaires Hot News

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $238 million half-year profit

The stronger bottom line was supported by steady growth in revenue across the business.

Omokolade Ajayi July 24, 2026

Business Hot News

Apex Education Group transforms former Louisenhof Cellar into campus, plans 10 schools

Apex Education converts Stellenbosch wine cellar into affordable school, targeting 10,000 student capacity nationwide.

Feyisayo Ajayi July 24, 2026

Hot News Luxury

Top 20 highest-rated and award-winning hotels in Africa

Africa’s top hotels blend cultural heritage and global luxury, offering immersive design, fine dining, and award-winning service across the continent.