Hot NewsTechnology

Tencent AI setbacks in China wipe $8.26 billion off Naspers’ market cap

Naspers loses $8.26 billion in market value as Tencent’s AI setbacks deepen, dragging shares down 19.3 percent despite strong ecommerce…

Omokolade Ajayi Omokolade Ajayi
Cell C signals growth after JSE listing
Hot NewsTechnology

Cell C reports $355.8 million revenue in first interim results after JSE listing

Cell C posts $355.8 million interim revenue after JSE debut, signaling operational momentum amid restructuring and rising MVNO growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigeria’s largest brewer returns to profit as revenue tops $1 billion

Nigerian Breweries returns to profit as revenue tops $1.08 billion, reversing prior losses and strengthening equity after debt cuts.

Omokolade Ajayi Omokolade Ajayi
Orascom Construction 2025 revenue
BusinessHot News

Orascom Construction revenue jumps 55% to $5.1 billion in 2025

Orascom Construction reports $5.1 billion 2025 revenue as backlog, profit and U.S. data center awards surge.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Strive Masiyiwa, Zimbabwe’s richest man, rebuilds net worth to $1.5 billion

Strive Masiyiwa rebuilds wealth to $1.5 billion with AI, fintech, and renewable energy investments after a $500 million 2025 setback.

Omokolade Ajayi Omokolade Ajayi
Coty revenue decline H1 2026
Hot NewsLuxury

Coty posts $3.26 billion revenue in Sue Nabi’s final year

Coty revenue drops to $3.26 billion after Sue Nabi exit, driven by weaker demand and a 6% like-for-like decline.

Feyisayo Ajayi Feyisayo Ajayi
African women in mining
BusinessHot News

15 richest African women in mining industry

African women are reshaping mining, building billion-dollar mineral empires across gold, coal, diamonds and manganese.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Thousands of jobs at risk as South Africa’s Tongaat Hulett faces liquidation

Thousands of jobs are at risk as South African sugar producer Tongaat Hulett faces liquidation after a failed $737 million…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s richest man Johann Rupert gains $900M; net worth rises to $19.1B

South Africa’s Johann Rupert sees fortune rebound by $900 million, lifting his net worth to $19.1 billion amid Richemont stock…

Omokolade Ajayi Omokolade Ajayi
IHS Towers sells Brazilian fiber stake
Hot NewsTechnology

IHS Towers sells Brazilian fiber network to TIM for $453 million

IHS Towers exits Brazil fiber market, selling $453 million I-Systems stake to TIM, boosting FTTH expansion and shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
CIC sells prime land to strengthen liquidity
BusinessHot News

CIC Group raises $14 million from Kenya land sales, boosting liquidity

CIC Group raises $13 million from Tatu City, Kajiado land sales, boosting liquidity and strengthening balance sheet resilience.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Foreign investors targeted for $2B Kenya Airways rescue as Ethiopian Airlines posts $4.4B revenue

Kenya Airways plans $2 billion investment; Ethiopian Airlines reports $4.4 billion revenue, growing passenger and cargo operations.

Omokolade Ajayi Omokolade Ajayi
Kenya AFCON 2027 hosting fee
Hot NewsSports

Kenya races to secure $30 million AFCON 2027 hosting fee amid budget pressures 

Kenya faces pressure to release $30 million AFCON 2027 hosting fee as budget cuts threaten its co-hosting role.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Dangote Refinery attains full capacity, targets 75 million liters daily

Dangote Refinery hits 650,000 barrels per day and targets 75 million liters daily, strengthening Nigeria’s fuel supply and energy security.

Omokolade Ajayi Omokolade Ajayi
10 biggest retailers in Zimbabwe
BusinessHot News

15 biggest retailers in Zimbabwe

Zimbabwe’s biggest retailers anchor urban commerce despite currency shocks, inflation spikes and shifting consumer demand.

Feyisayo Ajayi Feyisayo Ajayi
Egypt healthcare stocks EGX
BusinessHot News

Top 15 most valuable health care and pharmaceutical companies on Egyptian Exchange

Egypt’s 15 most valuable healthcare and pharmaceutical stocks on the Egyptian Exchange, ranked by market value.

Feyisayo Ajayi Feyisayo Ajayi
Top 15 brokerage firms Egypt
BusinessHot News

Top 15 brokerage firms by value traded on Egyptian Exchange

Top 15 brokers drive Egypt’s trading surge, executing EGP12.5 billion as retail and foreign investors reshape the Egyptian Exchange.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Capitec edges FirstRand to become Africa’s most valuable bank as earnings seen up to 25%

Capitec Bank becomes Africa’s top bank as shares rise and earnings are expected to jump 25 percent.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Ethiopian Airlines, Africa’s largest carrier, posts $4.4 billion revenue in H1 2026

Africa’s largest carrier reports $4.4 billion revenue in H1 2026, with strong passenger and cargo growth despite operational challenges.

Omokolade Ajayi Omokolade Ajayi
El Ezaby Pharmacies IPO
BusinessHot News

El Ezaby Pharmacies targets 2027 IPO on Egypt’s EGX in major healthcare listing plan

El Ezaby Pharmacies targets 2027 IPO on Egypt’s EGX, signaling a major healthcare retail listing.

Feyisayo Ajayi Feyisayo Ajayi
Madikwe Game Reserve has introduced new entry measures aimed at limiting the risk of Foot and Mouth Disease (FMD)
BusinessTourism

Madikwe Game Reserve introduces FMD safety measures

Madikwe Game Reserve has introduced new entry measures aimed at limiting the…

Oluwatosin Alao Oluwatosin Alao
Delta40 says it was created to address structural imbalances in Africa’s innovation ecosystem.
BusinessTechnology

Delta40 raises $20 million to fund Africa’s innovators

Delta40 has raised $20 million to support its integrated venture studio and…

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Nigeria’s largest brewer returns to profit as revenue tops $1 billion

Nigerian Breweries returns to profit as revenue tops $1.08 billion, reversing prior…

Omokolade Ajayi Omokolade Ajayi
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