Standard Bank Group
BusinessBankingHot News

South African court rejects Standard Bank’s guarantee in Chinese business dispute

South Africa’s High Court rejects Standard Bank’s R150,000 guarantee in Lan Yan’s dispute, citing revocability and beneficiary defects.

Feyisayo Ajayi Feyisayo Ajayi
BusinessEntrepreneursHot News

Verod Capital targets $250 million for West African private equity fund as IFC proposes $15 million

Verod Capital targets $250 million for its West African growth fund as IFC proposes up to $15 million in investment…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian mogul Fidelis Ayebae
CompaniesBusinessHot News

Fidelis Ayebae’s Fidson Healthcare posts $8.7 million profit on strong drug sales

The strong operational performance reinforced the drugmaker's earnings momentum and expanded its equity base.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BusinessCompaniesHot News

Abdul Samad Rabiu’s BUA Cement profit jumps 60% to $344 million in 9M 2026

The performance was further bolstered by foreign exchange gains and strong domestic sales momentum.

Omokolade Ajayi Omokolade Ajayi
Datatec
BusinessDigitalHot NewsLatestTechnology

Datatec posts $67.5 million profit in H1 2027

Datatec reports a 14% rise in first-half net profit to $67.5 million, driven by Westcon and Logicalis International growth.

Feyisayo Ajayi Feyisayo Ajayi
Mantengu
BusinessHot NewsMining

Mantengu to sell loss-making Sublime Technologies in restructuring drive

Mantengu agrees to sell loss-making Sublime Technologies for R1,001, aiming to cut debt by $8.1 million and reduce recurring costs.

Feyisayo Ajayi Feyisayo Ajayi
Jens Montanana, Datatec Founder & CEO
BusinessDigitalHot NewsLatestTechnology

South African tycoon Jens Montanana to pocket $6.8 million in Datatec interim dividend

Datatec CEO Jens Montanana stands to receive $6.75 million in interim dividends as the South African technology group declares a…

Feyisayo Ajayi Feyisayo Ajayi
Sterling Financial Holdings Company Plc
BankingCompaniesHot News

Sterling Holdco’s nine-month profit rises to $56.1 million on strong core lending

Pretax profit for the period ended Sept. 30 advanced 37.1 percent to N97.28 billion ($72.42 million) from N70.96 billion ($52.83…

Omokolade Ajayi Omokolade Ajayi
Logo of Guaranty Trust Holding Company Plc (GTCO), Nigerian financial services provider.
BankingBusinessHot News

GTCO delivers $457.5 million nine-month profit as asset base nears $14 billion

Pretax earnings came in at N879.9 billion ($655.06 million) through Sept. 30, down slightly from N900.8 billion ($670.62 million) recorded…

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

The earnings acceleration allowed Africa’s largest cement manufacturer to fully erase its debt obligations and pivot to a net positive…

Omokolade Ajayi Omokolade Ajayi
Kenya adventure: Pilli Pipa Dhow Safari in Kisite-Mpunguti Park
TourismHot News

Kenya adventure: Pilli Pipa Dhow Safari in Kisite-Mpunguti Park

Drift through turquoise waters on a Pilli Pipa Dhow Safari in Kenya’s Kisite-Mpunguti Marine Park.

Rendering of Lone Palm Lodge
LuxuryTourism

Lone Palm Lodge boosts Zambia’s luxury tourism near Victoria Falls

Lone Palm Lodge boosts Zambia’s luxury tourism with exclusive tents near Victoria Falls.

Standard Bank Group
BusinessBankingHot News

South African court rejects Standard Bank’s guarantee in Chinese business dispute

South Africa’s High Court rejects Standard Bank’s R150,000 guarantee in Lan Yan’s dispute, citing revocability and beneficiary defects.

Feyisayo Ajayi Feyisayo Ajayi
BusinessEntrepreneursHot News

Verod Capital targets $250 million for West African private equity fund as IFC proposes $15 million

Verod Capital targets $250 million for its West African growth fund as IFC proposes up to $15 million in investment support.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian mogul Fidelis Ayebae
CompaniesBusinessHot News

Fidelis Ayebae’s Fidson Healthcare posts $8.7 million profit on strong drug sales

Fidson Healthcare posted an $8.72 million profit for 9M 2026, driven by higher pharmaceutical sales and a sharp drop in foreign exchange losses.

Omokolade Ajayi Omokolade Ajayi
Radisson Safari Hotel Hoedspruit -Verified net-zero hotel
HospitalityLuxuryTourism

Radisson Safari Hotel in Hoedspruit becomes Africa’s first Net-Zero hotel

Radisson Safari Hotel Hoedspruit becomes Africa’s first net-zero hotel, using solar power, electrification and waste reduction.

Timilehin Adejumobi Timilehin Adejumobi
ThirtyFour18-Afrirent-Cape-Town-ICC
BusinessHospitalityLuxuryTourism

Tsabedze family’s Afrirent doubles investment in $150 million Cape Town ThirtyFour18

Afrirent raises its Cape Town ThirtyFour18 investment to $150 million, backing a major mixed-use project near the city’s convention center.

Timilehin Adejumobi Timilehin Adejumobi
The Cape Town Edition Hotel
TourismHospitalityLuxury

Marriott opens $66 million Edition Hotel in Cape Town   

Marriott brings its Edition luxury hotel brand to Africa with a $66 million property at Cape Town’s V&A Waterfront.

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
Capitec
BusinessBankingBillionairesExecutivesHot NewsLatest

Inside Capitec: How South Africa’s $32 billion lender builds leaders from within

Capitec Bank builds leadership from within, grooming executives Gerrie Fourie and Graham Lee through internal development and succession planning.

Feyisayo Ajayi Feyisayo Ajayi