Close-up of South African Airways aircraft.
Hot News

South African Airways gets $61 million state safety net as operation pressures surge

Pretoria is now racing to finalize a strategic equity partnership through transaction advisers to permanently stem the drain on public…

Omokolade Ajayi Omokolade Ajayi
Lagos-based brewer Guinness Nigeria Plc
BusinessCompaniesHot News

Guinness Nigeria rebounds under Tolaram with $30 million nine-month profit

The performance marks a sharp recovery under its new controlling shareholder, Tolaram-backed N Seven Nigeria Ltd., following Diageo’s historic divestment.

Omokolade Ajayi Omokolade Ajayi
Reinet Raymond Hyman
BusinessExecutivesHot News

Reinet names Raymond Hyman finance chief as Diane Longden retires

Reinet Investments appoints Raymond Hyman as CFO from January 2027, succeeding Diane Longden, who will retire after more than 12…

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s Advtech
TechnologyBusinessCompanies

South Africa’s Advtech bets on AI as it acquires 25% stake in MathU

Advtech has acquired a 25% stake in edtech startup MathU, securing exclusive rights to proprietary AI tools across its private…

Omokolade Ajayi Omokolade Ajayi
Andrada Mining
BusinessHot NewsMining

Andrada Mining swings to $3.4 million profit as revenue rises

Andrada Mining swung to a $3.37 million profit as first-half revenue rose 80%, driven by higher tin prices and increased…

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Hisham Talaat Moustafa
BillionairesBusinessHot News

Egyptian billionaire Hisham Talaat Moustafa seals $202B mega-deal to build cities

The sheer scale of the projects reshapes TMG’s footprint across 37 million square meters in east Cairo, Alexandria, and the…

Omokolade Ajayi Omokolade Ajayi
South Africa’s Famous Brands
BusinessCompaniesHot News

South Africa’s Famous Brands, owner of Wimpy, posts $264 million in half-year sales

Top-line sales for the six months ended Aug. 31 rose 2.3 percent to R4.34 billion ($264.34 million).

Omokolade Ajayi Omokolade Ajayi
Nigerian cocoa bean sales surge
BusinessHot News

Nigerian cocoa sales to the US jump to $142 million amid chocolate rush

The spike, up from $21.7 million in 2024, reflects severe supply shortages that forced Western confectioners to scout alternative supply…

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Nigerian billionaire Aliko Dangote takes stake worth $315 million in Kenya Pipeline Company

The purchase slots into Nairobi's broader push to monetize state-backed assets.

Omokolade Ajayi Omokolade Ajayi
Beltone CEO, Dalia Khorshid
BusinessHot NewsInvestments

Dalia Khorshid leads Beltone arm into Egypt’s IPO market with $10 million fund

Beltone Asset Management launches a $10.2 million Egyptian equity fund targeting IPOs, new listings and corporate share offerings.

Feyisayo Ajayi Feyisayo Ajayi
Durban-born executive Sayurie Naidoo
ExecutivesBusiness

Valterra rewards Durban-born executive Sayurie Naidoo with $1.1 million package in 2025

Valterra Platinum awarded CFO Sayurie Naidoo an 18.14 million rand ($1.1 million) pay package for 2025 following its demerger from Anglo American.

BusinessHot News

10 of Africa’s biggest institutional investors

Africa’s biggest institutional investors now shape capital flows, funding governments, markets and infrastructure across the continent.

Lagos-based brewer Guinness Nigeria Plc
BusinessCompaniesHot News

Guinness Nigeria rebounds under Tolaram with $30 million nine-month profit

Guinness Nigeria’s nine-month profit climbed 53 percent to $30.54 million under Tolaram, spurring $11.51 million dividend.

Omokolade Ajayi Omokolade Ajayi
Reinet Raymond Hyman
BusinessExecutivesHot News

Reinet names Raymond Hyman finance chief as Diane Longden retires

Reinet Investments appoints Raymond Hyman as CFO from January 2027, succeeding Diane Longden, who will retire after more than 12 years.

Feyisayo Ajayi Feyisayo Ajayi
Tunisia targets bigger clean energy share with 1,600 MW expansion plan
BusinessEnergy

Tunisia targets bigger clean energy share with 1,600 MW expansion plan

Tunisia plans 1,600 MW of renewable energy projects after power outages and protests, targeting a 16% clean electricity share in 2027.

Oluwatosin Alao Oluwatosin Alao
Eswatini's Mlilwane Sanctuary Valley Entrance
TourismTravels

Eswatini tourism arrivals rise 9.7% to 868,352 in first nine months of 2026   

Eswatini tourism arrivals rose 9.7% to 868,352 in the first nine months of 2026, led by stronger demand from regional markets.

Timilehin Adejumobi Timilehin Adejumobi
Durban beachfront amusement park
TourismBusiness

Durban’s $59 million beachfront amusement park clears key funding hurdle

Durban’s $59.8 million beachfront amusement park has secured development funding approval, with construction planning expected to continue into 2027.

Oluwatosin Alao Oluwatosin Alao
Fortress REIT
LifestyleLuxury

South Africa’s Fortress REIT retains $28 million as investors take shares

Fortress REIT retained $28.44 million in cash after 39.9% of B shareholders chose new shares over cash dividends for 2026.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Hisham Talaat Moustafa
BillionairesBusinessHot News

Egyptian billionaire Hisham Talaat Moustafa seals $202B mega-deal to build cities

Hisham Talaat Moustafa’s TMG has secured a historic EGP11 trillion ($202.3 billion) state deal to develop four mixed-use megaprojects across Egypt.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Nigerian billionaire Aliko Dangote takes stake worth $315 million in Kenya Pipeline Company

Nigerian billionaire Aliko Dangote buys a 25 percent stake worth over $315 million in Kenya Pipeline Company to expand East African energy assets.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

After New York and Paris talks, Nigerian billionaire Tony Elumelu leads $15 billion West Africa infrastructure push

Tony Elumelu leads a $15 billion West Africa infrastructure push as investors target power, transport, trade and digital networks.

Omokolade Ajayi Omokolade Ajayi