Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

Abdul Samad Rabiu’s BUA Foods plans new noodle, oil lines after $215 million half-year profit

The plans were outlined during the company's H1 2026 Investors & Analysts Conference Call.

Omokolade Ajayi Omokolade Ajayi
South African businessman Marcel Golding
BusinessHot News

South African businessman Marcel Golding’s Geomer raises Vunani stake to $5 million

Marcel Golding’s Geomer Investments lifts Vunani stake above $5 million, crossing 20% ownership threshold despite share price decline.

Feyisayo Ajayi Feyisayo Ajayi
Sanlam
BusinessHot News

Sanlam’s assets under management hit $4 billion, delivers $208 million

Sanlam’s assets near $4 billion as insurer posts $208 million return, underscoring resilience of conservative investment strategy.

Feyisayo Ajayi Feyisayo Ajayi
World’s richest Black person Aliko Dangote
BillionairesBusinessHot News

World’s richest Black person Aliko Dangote’s refinery targets $5 billion listing after $2.5 billion pitch

Dangote plans to use the new capital to expand processing capacity at the Lagos site and build a similar facility…

Omokolade Ajayi Omokolade Ajayi
South African businessman Robert Gumede
BusinessBillionairesHot News

Robert Gumede’s Vision Group targets $1.1 billion acquisition of sugar leader Illovo

The proposed takeover would pull the continent’s top sugar, ethanol, and bioenergy assets under a single African-owned business.

Omokolade Ajayi Omokolade Ajayi
Elon Musk
TechnologyBusinessExclusive

Elon Musk’s SpaceX revenue jumps 92% to $7.8 billion, beats expectations

SpaceX said second-quarter revenue rose 92 percent to $7.8 billion, topping the $6.9 billion average estimate of analysts polled by…

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Femi Otedola targets 51% stake in First HoldCo after record N6 trillion market cap

The billionaire investor said he plans to increase his stake to 51 percent, reinforcing his long-term commitment to the parent…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

10 richest mining tycoons in Africa

Africa’s mining wealth remains highly concentrated, with South African tycoons dominating fortunes from gold, diamonds and critical metals.

Feyisayo Ajayi Feyisayo Ajayi
Ivan Glasenberg Glencore
BillionairesHot News

South African billionaire Ivan Glasenberg’s fortune climbs to $13.6 billion as stake in Glencore hits $9 billion

Ivan Glasenberg’s fortune climbs to $13.6 billion as his 10.4% stake in Glencore hits appoximately $9 billion amid a surge…

Feyisayo Ajayi Feyisayo Ajayi
Hosken Consolidated Investments Limited (HCI)
BusinessHot News

HCI completes SACTWU restructuring as Squirewood emerges key shareholder

HCI finalizes SACTWU restructuring as Squirewood becomes key shareholder, reshaping ownership while preserving union’s economic stake.

Feyisayo Ajayi Feyisayo Ajayi
MTN mobile money separation Ghana
BusinessHot News

MTN Ghana reports $1.3 billion service revenue as profit jumps 43% in H1 2026

MTN Ghana posts $1.3 billion service revenue, with profit up 43% in H1 2026, driven by strong data growth and…

Feyisayo Ajayi Feyisayo Ajayi
African families
BillionairesHot News

Africa’s richest families worth over $15 billion

Africa’s richest families hold over $105 billion in 2026, but true multigenerational wealth remains rare across the continent’s evolving economy.

Feyisayo Ajayi Feyisayo Ajayi
Private freight operator Traxtion
BusinessHot News

Traxtion receives first locomotives at Port of Durban in $207 million rail investment

The delivery coincides with reforms that grant third-party access to the state-owned rail system, intensifying competition in the country's freight…

Omokolade Ajayi Omokolade Ajayi
Fola Aiyesimoju
BusinessHot News

UAC pullback wipes $10 million off Fola Aiyesimoju’s portfolio, dragging his stake below $100 million

UAC pullback wipes $10 million off Fola Aiyesimoju’s portfolio, dragging his stake below $100 million

Feyisayo Ajayi Feyisayo Ajayi
Nairobi Securities Exchange
BusinessHot News

NSE tops KSh4 trillion for first time as investor wealth jumps $8.2 billion

Since the start of 2026, the market has created KSh1.07 trillion ($8.27 billion) in investor wealth.

Omokolade Ajayi Omokolade Ajayi
Nigerian oil billionaire Muhammadu Indimi
Hot NewsBillionairesBusiness

Nigerian oil billionaire Muhammadu Indimi joins $43.5 million court battle with daughters

The case has grown into one of Africa’s most closely watched disputes involving a privately owned energy company.

Omokolade Ajayi Omokolade Ajayi
Durban-born businessman Vivian Reddy
ExclusiveBillionairesBusinessLuxury

From borrowing $30 to building a $260 million mixed-use landmark: Meet Durban-born businessman Vivian Reddy

Beyond its luxury appeal, the development has placed employment and inclusion at its core.

Omokolade Ajayi Omokolade Ajayi
World Bank
BusinessHot News

World Bank unlocks $144 million for Kenya’s SMEs in its first Africa risk-sharing program

World Bank’s IFC unlocks $144 million for Kenya SMEs, boosting lending via risk-sharing deals with banks and fintech partners.

Feyisayo Ajayi Feyisayo Ajayi
Telkom SA SOC Limited.
BusinessHot News

Telkom posts stronger first-quarter earnings as mobile subscribers climb to 25.3 million

The stronger revenue performance translated into higher profitability.

Omokolade Ajayi Omokolade Ajayi
World’s richest Black person Aliko Dangote
BusinessBillionairesHot News

Aliko Dangote’s sugar company swings to $30.4 million first-half profit

Revenue declined to N391.85 billion ($287.2 million) from N430.21 billion ($315.3 million). Even so, lower operating costs lifted profitability across…

Omokolade Ajayi Omokolade Ajayi
Clive Calder
BusinessBillionairesGlobal NewsHot News

South African-British billionaire Clive Calder gains $1 billion in 4 months

Clive Calder’s net worth surged past $10 billion after a $1.02 billion gain in four months, reinforcing his status among Africa’s richest.

Lobito Refinery
BusinessHot News

Angola’s Sonangol says Botswana has not sought stake in $6.6 billion Lobito refinery deal

Sonangol says Botswana has not formally sought a stake in the $6.6bn Lobito refinery as Angola works to close the funding gap.

Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

Abdul Samad Rabiu’s BUA Foods plans new noodle, oil lines after $215 million half-year profit

BUA Foods, controlled by billionaire Abdul Samad Rabiu, posts a $215 million first-half profit and announces plans for new noodle and edible oil lines.

Omokolade Ajayi Omokolade Ajayi
Tewolde Gebremariam, new Air India CEO
BusinessHot News

Air India names former Ethiopian Airlines executive Tewolde Gebremariam as CEO    

Tewolde Gebremariam becomes Air India CEO as the airline tackles losses, safety scrutiny and a major turnaround under Tata.

Timilehin Adejumobi Timilehin Adejumobi
South African businessman Marcel Golding
BusinessHot News

South African businessman Marcel Golding’s Geomer raises Vunani stake to $5 million

Marcel Golding’s Geomer Investments lifts Vunani stake above $5 million, crossing 20% ownership threshold despite share price decline.

Feyisayo Ajayi Feyisayo Ajayi
Valterra Platinum & Shanghai Pujing Chemical
TechnologyBusiness

Valterra Platinum partners with Pujing Chemical to advance MMA production technology     

Valterra Platinum partners Pujing Chemical to advance MMA production technology and expand palladium applications in China.

Timilehin Adejumobi Timilehin Adejumobi
Coca-Cola Beverages Africa helps 50 women and youth grow businesses in Manica
BusinessHot News

Coca-Cola Beverages Africa helps 50 women and youth grow businesses in Manica

Coca-Cola Beverages Africa trains 50 women and young entrepreneurs in Mozambique, helping them build businesses and support local economic growth.

Oluwatosin Alao Oluwatosin Alao
Nairobi Securities Exchange
TechnologyBusiness

Nairobi Securities Exchange plans East Africa’s first AI-focused ETF

Nairobi AI ETF aims to give East African investors access to global AI leaders as NSE plans the region's first AI-focused ETF.

Timilehin Adejumobi Timilehin Adejumobi
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