IFC smart meter financing Rajasthan
Hot NewsGlobal News

IFC to fund $200 million smart meter rollout in Rajasthan, boosting India’s power grid

IFC proposes $200 million financing for Gemstar’s smart meters in Rajasthan, accelerating India’s power distribution overhaul.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam Egypt data center
Hot NewsBusinessTechnology

Hassan Allam plans $400 million Egypt Data Center expansion after license approval

Hassan Allam plans $400M Egypt data center after cloud license approval, boosting digital infrastructure and regional tech ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Clientèle buyout offer JSE delisting
BusinessHot News

South Africa’s Clientèle reaffirms buyout offer as delisting nears

Clientèle reaffirms R19.9 ($1.22) per share buyout as it advances JSE delisting, with tax considerations shaping final shareholder returns ahead…

Feyisayo Ajayi Feyisayo Ajayi
South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

South African billionaire Johann Rupert becomes second African to hit $20 billion

The move above the symbolic $20 billion mark follows a sharp advance in shares of Swiss luxury group Richemont.

Omokolade Ajayi Omokolade Ajayi
Lance Foxcroft, CEO of Italtile
BusinessHot News

Outgoing Italtile CEO Lance Foxcroft receives $1.2 million salary in 2025

Outgoing Italtile CEO earns $1.2 million in 2025 amid weak retail demand, margin pressure, and cautious South African consumers.

Timilehin Adejumobi Timilehin Adejumobi
Cape Town’s tourism sector held steady in 2025.
TourismBusinessHot News

Cape Town tourism holds steady as foreign visitors drive $1.5 billion in spending

Foreign arrivals carried much of the growth, both in volume and in how much visitors spent per trip.

Omokolade Ajayi Omokolade Ajayi
African billionaires who own superyachts
Hot NewsLuxury

5 African billionaires who own superyachts

African billionaires expand into superyachts, signaling global luxury reach, investment shift, and rising influence in elite maritime markets.

Feyisayo Ajayi Feyisayo Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusiness

Sim Tshabalala sees Standard Bank stake top $15 million ahead of 2027 retirement

Since the start of 2025, the stake has climbed from R219 million ($13.2 million), reflecting sustained investor confidence in the…

Omokolade Ajayi Omokolade Ajayi
Conoil Plc, the Lagos-based petroleum marketer.
Hot NewsBusiness

Nigeria’s Conoil profit jumps to $2.9 million in Q1 2026 on lower costs

The jump in earnings was largely driven by lower sales costs.

Omokolade Ajayi Omokolade Ajayi
Moroccan billionaire Anas Sefrioui
BillionairesBusinessHot News

Moroccan billionaire Anas Sefrioui’s net worth rises $100 million in 24 hours

At the center of the gain is Sefrioui’s 64.78 percent stake in Addoha, now valued at $1 billion.

Omokolade Ajayi Omokolade Ajayi
rail systems
BusinessHot News

10 notable heavy-haul rail systems across Africa

Across Africa, 15 heavy-haul rail systems move iron ore, coal and copper, powering export supply chains and driving mining economies…

Feyisayo Ajayi Feyisayo Ajayi
Ongwe Minerals Namibia gold exploration
BusinessHot News

Ongwe Minerals raises $15.4 million for Namibia gold exploration

Ongwe Minerals raises $15.4 million to accelerate Namibia gold exploration, with funding potentially exceeding $23 million.

Feyisayo Ajayi Feyisayo Ajayi
Tswalu Kalahari conservation reserve
Hot NewsTourism

Oppenheimer family’s Tswalu builds conservation legacy across South Africa’s largest private reserve

Oppenheimer family transforms Tswalu into South Africa’s largest private reserve, advancing conservation, biodiversity restoration and eco-tourism

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBusinessHot News

Pretoria-born trillionaire, Elon Musk, projects $1 trillion SpaceX revenue by 2030

Musk made the comment in a reply on X to journalist and financial commentator Jon Erlichman, putting a timeline on…

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

World Bank prepares $750 million loan to support Kenya’s fiscal reforms

This financing follows a larger $1.2 billion injection approved in May 2024 and marks the second phase of a three-part…

Omokolade Ajayi Omokolade Ajayi
Vodacom executive share awards
BusinessHot News

Vodacom CEO Aziz Joosub, top brass unlock over $5 million in share awards

Vodacom awarded over $5.01 million in share incentives to CEO Aziz Joosub and top executives under a three-year JSE-linked vesting…

Feyisayo Ajayi Feyisayo Ajayi
Neal Froneman DRA Global mining
BusinessHot News

Sibanye Stillwater’s former CEO, Neal Froneman, pivots to next frontier at DRA Global

Former Sibanye Stillwater CEO Neal Froneman becomes senior strategic adviser at DRA Global, shifting to mining strategy and project dev…

Feyisayo Ajayi Feyisayo Ajayi
Kenya forex losses tax ruling
BusinessHot News

Kenya’s Del Monte wins $2.1 million court ruling on forex loss tax deductions

Del Monte wins $2.1 million tax appeal as Kenya court allows forex losses from debt-to-equity conversions as deductible expenses.

Feyisayo Ajayi Feyisayo Ajayi
Lagos-based lender Wema Bank Plc.
Hot NewsBusiness

Wema Bank’s Q1 2026 profit rises to $46.4 million on stronger lending income

Gross earnings climbed to N204.82 billion ($150.5 million) from N139.38 billion ($102.4 million) in the first quarter of 2025.

Omokolade Ajayi Omokolade Ajayi
South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

With nearly $20 billion fortune, Johann Rupert is back as Africa’s second-richest person

The change reflects gains in luxury goods stocks tied to Rupert and weaker performance across listed companies linked to Rabiu…

Omokolade Ajayi Omokolade Ajayi
Aiyesimoju NGX portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju closes in on $150 million NGX portfolio value

Folasope Aiyesimoju, Nigeria’s youngest dealmaker, nears $150 million NGX portfolio value as UACN and CAP rally adds nearly $50 million gains.

Nordic Hotel Lagos
Luxury

Lagos’ urban sanctuary: Inside Nordic Hotel Lagos

Nordic Hotel Lagos offers Scandinavian design, luxury, and a serene city escape

Mozambique-South Africa rail
BusinessHot News

Mozambique-South Africa rail upgrade enters second phase in July

Mozambique begins a $160 million rail upgrade to boost trade with South Africa and expand freight capacity.

Oluwatosin Alao Oluwatosin Alao
MTN Nigeria, First WATT launch 34MW green power plan
Business

MTN Nigeria, First WATT launch 34MW green power plan for Telecom sites

MTN Nigeria partners First WATT on a 34MW solar and storage project to cut diesel use and boost telecom energy reliability Nigeria.

Oluwatosin Alao Oluwatosin Alao
Hassan Allam Egypt data center
Hot NewsBusinessTechnology

Hassan Allam plans $400 million Egypt Data Center expansion after license approval

Hassan Allam plans $400M Egypt data center after cloud license approval, boosting digital infrastructure and regional tech ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Atomic Eagle Working Site
BusinessHot News

Australia’s Atomic Eagle expands uranium footprint in Zambia

Atomic Eagle uranium Zambia expansion boosts Zambia project output as new drilling extends high-grade mineral zones.

Timilehin Adejumobi Timilehin Adejumobi
Flutterwave logo representing Africa’s most valuable tech unicorn.
TechnologyBusinessHot News

African fintech giant Flutterwave hits $3.3 billion valuation as Ripple buys stake

Flutterwave hits a $3.3 billion valuation after Ripple takes a stake to boost stablecoin-driven cross-border payments across Africa.

Omokolade Ajayi Omokolade Ajayi
Clientèle buyout offer JSE delisting
BusinessHot News

South Africa’s Clientèle reaffirms buyout offer as delisting nears

Clientèle reaffirms R19.9 ($1.22) per share buyout as it advances JSE delisting, with tax considerations shaping final shareholder returns ahead of exit.

Feyisayo Ajayi Feyisayo Ajayi
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