Nadine Drutman
ExecutivesBusinessHot News

Absa Group company secretary Nadine Drutman to step down after 20 years

Absa Group company secretary Nadine Drutman will step down in January 2027, ending a 20-year career with the South African…

Feyisayo Ajayi Feyisayo Ajayi
Papa Madiaw Ndiaye
BusinessBankingHot News

Senegalese financier Papa Madiaw Ndiaye faces pressure as shareholders call for his removal

Ecobank chairman Papa Madiaw Ndiaye faces shareholder pressure over alleged conflicts of interest as regulatory intervention delays a removal vote.

Feyisayo Ajayi Feyisayo Ajayi
Mauritian resort group Lux Island Resorts
HospitalityBusinessCompaniesHot News

Lux Island Resorts’ first-quarter profit rises 4.5% as revenue climbs to $52 million

Pretax profit edged up to MUR 113.44 million ($2.4 million), while basic earnings per share rose to MUR0.56 ($0.012) from…

Omokolade Ajayi Omokolade Ajayi
Airtel Africa telecom
BusinessDigitalHot NewsLatestTechnology

Indian billionaire Sunil Bharti Mittal’s Airtel Africa posts $452 million H1 profit

Airtel Africa, led by Sunil Bharti Mittal, reports a 20.21% rise in H1 profit to $452 million as data and…

Feyisayo Ajayi Feyisayo Ajayi
Adcorp Holdings Limited
BusinessCompaniesHot News

South Africa’s Adcorp lifts profit to $3.75 million on disciplined cost control

The earnings growth prompted the board to raise the company’s interim cash payout to shareholders.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBusinessCompanies

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $334 million nine-month profit as costs decline

The performance allowed the BUA Foods to maintain strong earnings momentum despite revenue decline in select product lines.

Omokolade Ajayi Omokolade Ajayi
Jaswant Singh Rai, Kenyan billionaire and Rai Group chair
BusinessBillionaires

Kenyan billionaire Jaswant Rai expands sugar business with $32 million investment

West Kenya Sugar, the group’s sugar manufacturing subsidiary behind the Kabras Sugar brand, plans to establish the mill in Chesumei.

Timilehin Adejumobi Timilehin Adejumobi
Four Seasons Resort Mauritius at Anahita
HospitalityBusinessHot NewsLifestyle

Mauritius hotelier Riveo cuts losses as sales surge past $19 million

Pretax losses narrowed to MUR7.02 million ($148,310) from MUR216.96 million ($4.59 million), helped by swift post-renovation bookings and firm room…

Omokolade Ajayi Omokolade Ajayi
Philisiwe Sibiya
BusinessEntrepreneursExecutivesHot NewsLatest

South African court dismisses claim against Philisiwe Sibiya’s Shingai Group

South African court dismisses a R4.378 million ($263,524) claim against Philisiwe Sibiya’s Shingai Group, allowing the company to defend the…

Feyisayo Ajayi Feyisayo Ajayi
Sun Limited, the Mauritius-based hospitality group
BusinessCompaniesHot News

Mauritius’ Sun Limited posts $5.6 million profit on hotel surge

The resilient performance came despite lower occupancy and ongoing renovation works at its Ambre Resort, underscoring strong underlying demand for…

Omokolade Ajayi Omokolade Ajayi
Zak Calisto, CEO of Karooooo
TechnologyBusiness

South African tech mogul Zak Calisto’s Karoooo stake tops $1 billion

Karooooo CEO Zak Calisto joins Africa’s billionaire tech founders after his company stake crosses the $1 billion mark.

Blue peak & Centaures Groupe
BusinessHot News

BluePeak backs Côte d’Ivoire’s Groupe Centaures with $16 million green loan

BluePeak Groupe Centaures green loan supports Côte d’Ivoire logistics firm with $16 million funding tied to emissions reduction goals.

Nadine Drutman
ExecutivesBusinessHot News

Absa Group company secretary Nadine Drutman to step down after 20 years

Absa Group company secretary Nadine Drutman will step down in January 2027, ending a 20-year career with the South African financial group.

Feyisayo Ajayi Feyisayo Ajayi
Stanbic Bank
BusinessBanking

Stanbic Bank Botswana offers 20% stake in $99 million IPO

Stanbic Bank Botswana is offering 20% of its shares for $99.2 million, giving local investors a chance to own part of the bank.

Oluwatosin Alao Oluwatosin Alao
Tanzania, Angola deepen economic ties with four new cooperation deals
BusinessGlobal News

Tanzania, Angola deepen economic ties with four new cooperation deals

Tanzania and Angola sign four cooperation agreements covering aviation, ICT and justice as both countries seek stronger trade and regional connections.

Oluwatosin Alao Oluwatosin Alao
Conakry Ahmed Sékou Touré International Airport, Guinea
TravelsBusinessTourism

Conakry Airport passenger traffic jumps 22% as airlines expand routes

Conakry Airport passenger traffic jumps 22% as Air Algérie and EgyptAir weigh new routes amid a major terminal expansion.

Timilehin Adejumobi Timilehin Adejumobi
Mauritian resort group Lux Island Resorts
HospitalityBusinessCompaniesHot News

Lux Island Resorts’ first-quarter profit rises 4.5% as revenue climbs to $52 million

Lux Island Resorts saw Q1 net profit rise 4.5% to $1.61 million as revenue climbed to $52 million, driven by strong Mauritius bookings.

Omokolade Ajayi Omokolade Ajayi
Four Seasons Resort Mauritius at Anahita
HospitalityBusinessHot NewsLifestyle

Mauritius hotelier Riveo cuts losses as sales surge past $19 million

Mauritius hotelier Riveo cuts losses as sales top $19.52 million, driven by surging post-renovation bookings at its luxury island beachfront resorts.

Omokolade Ajayi Omokolade Ajayi
Jaswant Singh Rai, Kenyan billionaire and Rai Group chair
BusinessBillionaires

Kenyan billionaire Jaswant Rai expands sugar business with $32 million investment

Jaswant Rai commits $32.3 million to a new Kenyan sugar mill as Rai Group expands its processing capacity and farming network.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Tony Elumelu
BillionairesCompaniesEnergyHot News

Billionaire Tony Elumelu-backed Seplat lifts dividend as profit tops $260 million

Tony Elumelu-backed Seplat Energy raised its dividend after nine-month profit surged to $260 million on strong crude output and higher gas sales.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
CompaniesBillionairesHot News

Nigerian billionaire Aliko Dangote’s cement business posts $1.1 billion in 9M pre-tax profit

Dangote Cement’s nine-month pre-tax profit rose 41.5% to $1.1 billion as revenue climbed and debt was wiped out.

Omokolade Ajayi Omokolade Ajayi