CIC Group
BusinessHot News

Kenya’s CIC Group posts $8.4 million H1 2026 profit

CIC Group’s H1 2026 profit rose 70.3% to $8.4 million, driven by investment gains and asset management despite weaker insurance…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

The payment follows Seplat’s second-quarter dividend declaration and comes as the dual-listed company reports a sharp increase in earnings for…

Omokolade Ajayi Omokolade Ajayi
Malagasy tycoon Hassanein Hiridjee
TechnologyBillionairesBusinessHot News

Malagasy tycoon Hassanein Hiridjee’s Axian Telecom posts $980 million H1 revenue

The performance underscores steady commercial expansion across its core markets despite fair-value investment pressures.

Omokolade Ajayi Omokolade Ajayi
Angela Nganga
BusinessHot NewsTechnology

Microsoft appoints Angela Nganga to lead East Africa operations

Microsoft appoints Angela Nganga as East Africa country lead, tasking her with driving AI adoption, digital transformation and regional growth.

Feyisayo Ajayi Feyisayo Ajayi
Liberia MML
BusinessHot News

IFC proposes $30 million loan to expand Liberia’s poultry and flour production

IFC proposes a $30 million loan to double Liberia’s poultry and flour production, strengthen food security and reduce import dependence.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Michiel Le Roux
BillionairesBusiness

South African billionaire Michiel Le Roux-linked firms give $3.4 million to Democratic Alliance

Fynbos Ekwiteit donated R30 million ($1.8 million) to the DA between April 1 and June 30, 2026, while Fynbos Kapitaal…

Timilehin Adejumobi Timilehin Adejumobi
Brett Abrahamse
BusinessTourism

South African entrepreneur Brett Abrahamse’s Terrace Africa partners with Hilton for Zimbabwe hotel debut

Terrace Africa, led by Brett Abrahamse, partners with Hilton to launch Zimbabwe’s first Hilton Garden Inn, a 140-room hotel in…

Feyisayo Ajayi Feyisayo Ajayi
AHL
BusinessHot News

AHL Venture Partners raises $45.5 million for Africa-focused credit fund

AHL Venture Partners raises $45.5 million for its Africa-focused credit fund, advancing toward a $70 million target to finance high-growth…

Feyisayo Ajayi Feyisayo Ajayi
Antoine Ndzengue tyre project
Hot NewsBusiness

Cameroonian businessman Antoine Ndzengue’s Neptune opens $10.7 million Maithé Mall

Cameroonian businessman Antoine Ndzengue’s Neptune Group opens $10.7 million Maithé Mall, expanding beyond petroleum into modern retail.

Feyisayo Ajayi Feyisayo Ajayi
Megan Kim de Vroeg
ExclusiveBusinessHot News

How Megan Kim de Vroeg became the marketing chief of $1.5 billion Dis-Chem

As Chief Marketing Officer, Megan Kim de Vroeg now oversees the integration of customers into the broader Dis-Chem ecosystem.

Omokolade Ajayi Omokolade Ajayi
South African executive Abigail Mukhuba
Hot NewsBusiness

South African CFO Abigail Mukhuba’s Sanlam stake rebounds above $2.5 million

Mukhuba owns 479,423 Sanlam shares. At the start of the year, the holding was worth about $2.8 million and was…

Omokolade Ajayi Omokolade Ajayi
Dangote family
BillionairesBusinessHot News

Dangote family office to expand operations in 2027 as group targets $100 billion revenue

The family office forms part of the group’s Vision 2030 plan, which calls for stronger governance and a fivefold increase…

Omokolade Ajayi Omokolade Ajayi
IDC
BusinessHot News

South Africa’s IDC swings to $288 million loss in 2026

South Africa’s IDC swings to a R4.65 billion ($288 million) loss in 2026, driven by Foskor and distressed subsidiaries despite…

Feyisayo Ajayi Feyisayo Ajayi
Sikander Lalani
BusinessHot News

Sikander Lalani: Ugandan steel magnate who recently  built a $125 million steel complex

Sikander Lalani built Roofings Group from a small roofing factory into Uganda’s steel powerhouse, culminating in a $125 million Namanve…

Feyisayo Ajayi Feyisayo Ajayi
Harmony Gold Mining Company
BusinessHot News

Harmony Gold, led by Patrice Motsepe, posts $1.9 billion profit in 2026 amid copper surge

Harmony Gold, chaired by Patrice Motsepe, reports $5.9 billion revenue and 102% profit growth in 2026 as copper boosts earnings.

Feyisayo Ajayi Feyisayo Ajayi
Asante Gold
BusinessHot News

Asante Gold extends $100 million funding deadline to September 2026

Asante Gold extends its $100 million funding deadline to Sept. 30, giving the Ghana-focused producer more time to secure new…

Feyisayo Ajayi Feyisayo Ajayi
Mantengu
BusinessHot News

Mantengu Mining moves to sell Sublime Technologies after Eskom tariff delay

Mantengu Mining plans to sell Sublime Technologies after Eskom tariff delays made operations financially unsustainable.

Feyisayo Ajayi Feyisayo Ajayi
Barry Stuhler
BusinessHot News

South African-born tycoon Barry Stuhler retires from Resilient board after decades in property

South African-born property tycoon Barry Stuhler retires from Resilient’s board after decades shaping the country’s listed real estate sector.

Feyisayo Ajayi Feyisayo Ajayi
Emmanuel Nnorom
BusinessHot News

UBA welcomes Emmanuel Nnorom as new chair after Tony Elumelu’s 12-year tenure

UBA appoints Emmanuel Nnorom as Group Chairman after Tony Elumelu retires, bringing four decades of banking and corporate leadership experience.

Feyisayo Ajayi Feyisayo Ajayi
Tharina Botes
EntertainmentHot News

Tharina Botes: South African-born model crowned Miss Universe Thailand 2026

South African-born Tharina Botes wins Miss Universe Thailand 2026 after a decade in pageantry, earning a place at the global…

Feyisayo Ajayi Feyisayo Ajayi
Michelangelo Towers Sandton
TourismHot News

South Africa’s tallest hotel: Michelangelo Towers rises 140 meters over Sandton

Michelangelo Towers, South Africa’s tallest hotel at 140 meters, blends luxury suites, business convenience, and iconic Sandton views.

Lesotho pushes for higher royalties in water deal with South Africa as dams expand supply
BusinessTechnology

Lesotho pushes for better terms in key water deal with South Africa

Lesotho is preparing to renegotiate a decades-old water-sharing agreement with South Africa, a deal that contributes about 10% of the kingdom’s economy. Officials say talks could start as early as April, giving the small, landlocked nation a rare chance to press for improved terms with its much larger neighbor.  The agreement underpins the Lesotho Highlands Water Project (LHWP), a $3.1…

CIC Group
BusinessHot News

Kenya’s CIC Group posts $8.4 million H1 2026 profit

CIC Group’s H1 2026 profit rose 70.3% to $8.4 million, driven by investment gains and asset management despite weaker insurance margins.

Feyisayo Ajayi Feyisayo Ajayi
Egypt faces rising wheat costs as black sea conflict disrupts supplies
BusinessGlobal News

Egypt faces rising wheat costs as black sea conflict disrupts supplies

Egypt’s wheat market is facing a fresh test as attacks on Black Sea ports, ships and grain facilities disrupt trade and raise the cost of supplies. For a country that relies heavily on imported wheat, the latest disruption could quickly become a problem for importers, consumers and government finances.  More than 82% of Egypt’s wheat imports in the first half…

Oluwatosin Alao Oluwatosin Alao
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe’s net worth gains $100 million in 10 days

Patrice Motsepe’s net worth rose to $3.7 billion following a $100 million ten-day gain, lifted by an 87 percent earnings jump at Harmony Gold.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

Tony Elumelu received $14.45 million from Seplat Energy’s second-quarter dividend, lifting his 2026 payouts to about $35.3 million.

Omokolade Ajayi Omokolade Ajayi
South Africa’s Rainbow Chicken
BusinessHot News

South Africa’s Rainbow Chicken profit surges to $82.9 million, declares special dividend

Rainbow Chicken’s profit surged 134.8 percent to R1.34 billion ($82.9 million) in 2026, driven by firmer pricing, lower feed costs and improved farming efficiency.

Omokolade Ajayi Omokolade Ajayi
Malagasy tycoon Hassanein Hiridjee
TechnologyBillionairesBusinessHot News

Malagasy tycoon Hassanein Hiridjee’s Axian Telecom posts $980 million H1 revenue

Hassanein Hiridjee’s Axian Telecom reported a 26.5% rise in H1 2026 revenue to $979.96 million, powered by surging mobile data and fintech growth.

Omokolade Ajayi Omokolade Ajayi
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