Tim Draper
BillionairesBusinessHot NewsLuxury

Here is why billionaire investor Tim Draper is selling his stake in Tanzania’s Lupita Island for $7.9 million

Billionaire Tim Draper is seeking $7.9 million for his investment in Lupita Island, a luxury resort on Tanzania’s Lake Tanganyika.

Feyisayo Ajayi Feyisayo Ajayi
Absa named custodian of South Africa’s Government pension fund
BusinessHot News

Absa Bank wins bid to uphold summary judgment against Ivan Bjorkman’s Guesthouse

Absa Bank has upheld a summary judgment against Ivan Bjorkman and Her Majesty’s Guesthouse after a Gauteng High Court rescission…

Feyisayo Ajayi Feyisayo Ajayi
Jubilee Holdings Limited
BusinessHot News

Jubilee Holdings profit climbs to $27 million in H1 2026 as investments drive growth

Jubilee Holdings’ H1 2026 profit rose 12.7% to $27 million as investment income offset weaker insurance operations.

Feyisayo Ajayi Feyisayo Ajayi
ORA Developers UAE expansion
BusinessHot News

Orascom Investment eyes airport deals as Egypt prepares 11 airports for private partnerships

Orascom Investment is exploring airport deals as Egypt prepares to place 11 airports under private-sector management and attract new investors.

Feyisayo Ajayi Feyisayo Ajayi
Truworths International
BusinessHot News

Truworths full-year profit falls to $165 million as fuel costs squeeze consumer spending

Headline earnings per share fell 2.6 percent to R7.32 ($0.45) from R7.52 ($0.46), while diluted headline earnings per share declined…

Omokolade Ajayi Omokolade Ajayi
Changan
TechnologyBusinessHot News

Chinese automakers step up South Africa electric vehicle push

The new models also show how Chinese manufacturers are expanding their presence as demand for electrified vehicles grows.

Omokolade Ajayi Omokolade Ajayi
Drake
EntertainmentBusinessHot News

Drake sells majority stake in his lifestyle brand OVO to Authentic Brands Group

Authentic said Drake will retain a minority stake in OVO and remain involved in its creative direction.

Omokolade Ajayi Omokolade Ajayi
NBA legend Kevin Durant
SportsBusinessHot News

Kevin Durant in line for $60 million payout in reported Hugging Face deal

That single payout would top what the Houston Rockets forward has made in salary during any single season of his…

Omokolade Ajayi Omokolade Ajayi
Devland
BusinessHot News

South Africa’s Gathoo brothers face $118 million tax dispute as court orders taxman to disclose Devland records 

South Africa’s Gathoo brothers win access to Devland tax records as they challenge a R1.9 billion ($118 million) SARS assessment…

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman, Ponsiano Ngabirano
Hot NewsLuxury

Ugandan businessman Ponsiano Ngabirano’s Marriott franchise deal births 277-unit luxury hotel in Kampala ahead of AFCON

Ugandan businessman Ponsiano Ngabirano opens Kampala Marriott Hotel, adding 277 luxury units as Uganda prepares to co-host the 2027 Africa…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian politician Abdulaziz Yari.
ExclusiveBillionairesBusiness

Abdulaziz Yari: From N84 billion fraud probe to N1.08 trillion Geregu Power buyout

Sen. Abdulaziz Yari’s move into the corporate sector follows more than two decades in Nigerian politics.

Omokolade Ajayi Omokolade Ajayi
Crookes Brothers earnings decline
BusinessHot News

Crookes Brothers weighs sale of Mozambique farming business as $5 million debt looms

Crookes Brothers is negotiating a $2 sale of its Mozambique macadamia businesses as it seeks to eliminate $5 million in…

Feyisayo Ajayi Feyisayo Ajayi
From small beginnings in 1967, as a Polokwane-based family business, Moolman Group has grown into a major property investment firm managing portfolios across South Africa and abroad.
BusinessHot News

How South Africa’s Moolman family unlocked $124 million from 9 mega malls

For the Moolman family, however, the sale is not a retreat from commercial property. It is a way to free…

Omokolade Ajayi Omokolade Ajayi
Egyptian real estate tycoon Waleed Zaki
BusinessHot News

Egyptian real estate tycoon Waleed Zaki steers Pioneers to $16.7 million H1 profit

The leading Egyptian property and infrastructure developer reported a consolidated net profit of EGP837.92 million ($16.7 million) for the six…

Omokolade Ajayi Omokolade Ajayi
Beltone Holding
BusinessHot News

Egypt’s Beltone Holding profit falls 50% to $12.9 million despite revenue surge

The company’s lending business was a major contributor to the increase in revenue.

Omokolade Ajayi Omokolade Ajayi
AMEA Power Egypt solar project
BusinessHot News

AMEA Power’s $19 million-backed 24 MW solar project nears operation in Uganda

AMEA Power’s $19 million-backed 24 MW solar project in Uganda nears operation after energizing its dedicated substation in the West…

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Nicky Oppenheimer
BillionairesBusinessHot News

South African billionaire Nicky Oppenheimer adds $1B as wealth hits $15.5B

Oppenheimer’s wealth has risen $1.65 billion since the start of the year, pushing him to No. 207 on the Bloomberg…

Omokolade Ajayi Omokolade Ajayi
Globacom: 23 years of powering unlimited possibilities
TechnologyBusinessHot News

Globacom at 23: From Expensive SIM Cards to Mass Connectivity

Infrastructure development served as the backbone of this expansion.

Omokolade Ajayi Omokolade Ajayi
Kgotso Bannalotlhe
BusinessHot News

Kgotso Bannalotlhe: Botswana banker who rose from treasury roles to regional CEO across 3 markets

Kgotso Bannalotlhe rose from treasury roles to lead BancABC, Access Bank Botswana and Letshego’s operations across three Southern African markets.

Feyisayo Ajayi Feyisayo Ajayi
Kenya tallest towers Nairobi
BusinessHot News

Britam profit jumps to $21 million in H1 2026

Britam’s profit rose 53.3% to $20.5 million in H1 2026 as stronger underwriting and fee income offset weaker investment gains.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya asset financing for SMEs
BusinessHot News

Kenyan tycoon Baloobhai Patel set for $1.6 million Absa Kenya dividend

Kenyan investor Baloobhai Patel is set to earn $1.6 million after Absa Bank Kenya declared a higher dividend following stronger earnings.

Valu, Egypt's fintech
BusinessHot News

Fintech giant Valu gets $12 million loan to expand green consumer financing in Egypt

Valu, EFG Holding unit, secured a $12 million EBRD loan to expand green consumer financing for energy-efficient goods in Egypt financing push.

Tanzania, Serbia deepen economic ties with new strategic partnership
BusinessGlobal News

Tanzania, Serbia deepen economic ties with new strategic partnership

Tanzania and Serbia agree to establish a Joint Economic Commission to boost trade, investment, aviation and business ties across key sectors.

Oluwatosin Alao Oluwatosin Alao
Tanzania’s first dollar billionaire, Rostam Aziz
BusinessHot News

Tanzanian tycoon Rostam Aziz’s Taarifa now controls $9.6 million stake in Nation Media Group

Rostam Aziz’s Taarifa now controls a $9.6 million stake in Nation Media Group after acquiring AKFED’s 54.08% holding.

Feyisayo Ajayi Feyisayo Ajayi
Tim Draper
BillionairesBusinessHot NewsLuxury

Here is why billionaire investor Tim Draper is selling his stake in Tanzania’s Lupita Island for $7.9 million

Billionaire Tim Draper is seeking $7.9 million for his investment in Lupita Island, a luxury resort on Tanzania’s Lake Tanganyika.

Feyisayo Ajayi Feyisayo Ajayi
Ghana launches science fund with $250 million push for AI development
BusinessTechnology

Ghana launches science fund with $250 million push for AI development

Ghana launches a $8 million research fund and plans a $250 million AI computing center to boost science, innovation and jobs.

Oluwatosin Alao Oluwatosin Alao
Absa named custodian of South Africa’s Government pension fund
BusinessHot News

Absa Bank wins bid to uphold summary judgment against Ivan Bjorkman’s Guesthouse

Absa Bank has upheld a summary judgment against Ivan Bjorkman and Her Majesty’s Guesthouse after a Gauteng High Court rescission bid failed.

Feyisayo Ajayi Feyisayo Ajayi
Air France Cape Town-Paris flights.
TourismBusiness

Cape Town-Paris direct flights return as Air France expands Africa service

Air France will resume direct Cape Town-Paris flights in September 2026, increasing service to five weekly flights from November

Oluwatosin Alao Oluwatosin Alao
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