Cell C market value rebounds
Hot NewsBusiness

Cell C reports $260 million annual profit after JSE listing

Cell C’s annual profit jumped 87.65% to R4.16 billion after its JSE listing, supported by stronger revenue, subscribers and wholesale…

Feyisayo Ajayi Feyisayo Ajayi
Harrods
BusinessHot News

Why Harrods seeks to recover more than $80 million from Egypt’s Al Fayed estate

Harrods seeks to recover more than $80 million from Mohamed Al Fayed’s estate as hundreds pursue compensation over abuse allegations.

Feyisayo Ajayi Feyisayo Ajayi
Vanessa Olver
Hot NewsBusiness

South African executive Vanessa Olver to join Sun International as finance chief

South African executive Vanessa Olver will become Sun International’s CFO in 2027 after announcing plans to leave Investec’s board.

Feyisayo Ajayi Feyisayo Ajayi
Tanzanian billionaire Mohammed Dewji pledges $250 million in Mozambique to expand MeTL Group’s footprint and create 20,000 local jobs.
BillionairesBusinessHot News

East Africa’s richest man Mohammed Dewji to invest $250 million in Mozambique, create 20,000 jobs

Dewji, the president and owner of MeTL Group, made the commitment after meeting Mozambican President Daniel Chapo in Maputo on…

Omokolade Ajayi Omokolade Ajayi
Engr. Mohammed Sani Jaoji
BusinessHot News

Geregu Power pays $4.45 million to clear bond default as acting CEO Mohammed Sani Jaoji steps in

The payment came shortly after Mohammed Sani Jaoji took over as acting chief executive officer on Aug. 17.

Omokolade Ajayi Omokolade Ajayi
South African-Swazi billionaire Natie Kirsh
BillionairesBusinessHot News

South African-Swazi billionaire Natie Kirsh loses $600 million as fortune falls below $20 billion

The decline comes after a sharp rise in Kirsh’s wealth earlier this year.

Omokolade Ajayi Omokolade Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

Kenya’s DTB posts $75.7 million half-year profit as loans, deposits grow

DTB’s total assets rose more than 10 percent from a year earlier to KSh675 billion ($5.21 billion) by June.

Omokolade Ajayi Omokolade Ajayi
Equity Group headquarters in Nairobi, Kenya.
BusinessHot News

East Africa’s largest lender, Equity Group, sees first-half profit top $350 million

Profit before tax increased 39 percent to KSh57.8 billion ($446.5 million), from KSh41.5 billion ($320.6 million).

Omokolade Ajayi Omokolade Ajayi
Harel Mallac & Co. Limited, a Mauritius-based diversified conglomerate.
BusinessHot News

Mauritius-based Harel Mallac returns to profit as first-half revenue hits $36 million

Revenue from continuing operations rose 12.2 percent to MUR1.68 billion ($36 million), from MUR1.49 billion ($32 million) in the same…

Omokolade Ajayi Omokolade Ajayi
Hacienda Ras El Hekma
Hot NewsBusinessLuxury

Palm Hills Developments secures $157 million financing to accelerate Palm Hills New Cairo

Palm Hills Developments secures $157 million financing to accelerate construction and deliveries at its Palm Hills New Cairo project in…

Feyisayo Ajayi Feyisayo Ajayi
Ali Dharani, Indian-born Namibian businessman
BusinessHot News

Ali Dharani: Indian-born Namibian businessman behind Rani Group’s retail empire

Indian-born Namibian businessman Ali Dharani built Rani Group from a border trading business into a nationwide retail and manufacturing empire.

Feyisayo Ajayi Feyisayo Ajayi
Adrian Basson, Whitey Basson's Son
BusinessHot News

Adrian Basson: Shoprite heir turns $3 million Hungry Lion into a 500-store fast-food empire

Adrian Basson transformed Hungry Lion from a $1 million Shoprite-linked business into a 500-store African fast-food chain across nine countries.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Namibia Consul Justin Anosike denies $1 million Dangote meeting fee

Namibia’s honorary consul in Nigeria denies seeking $1 million from Aliko Dangote to arrange a presidential meeting over a proposed…

Feyisayo Ajayi Feyisayo Ajayi
Nonesi Mall
LuxuryBusinessHot News

Vukile Property Fund opens $4.7 million Nonesi Mall expansion in South Africa

Vukile Property Fund has opened a $4.7 million Nonesi Mall expansion in South Africa, adding retail space, tenants and jobs…

Feyisayo Ajayi Feyisayo Ajayi
KAP
BusinessHot News

KAP revises Southern Cape forestry deal as PG Bison assets move to new buyer

KAP has revised its Southern Cape forestry deal, with PG Bison assets set to move to CPIH under amended transaction…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
BusinessHot News

GTBank co-founder Fola Adeola gains $44 million as oil stake hits $271 million

The recovery follows a 19.7 percent rise in Aradel’s share price since July 2, from N1,275.80 ($0.94) to N1,526.80 ($1.14).

Omokolade Ajayi Omokolade Ajayi
Mauritius-based insurance group MUA Limited
BusinessHot News

Mauritius-based MUA posts $7.85 million first-half profit as home market drives growth

Profit after tax rose to Rs369 million ($7.85 million) in the six months ended June 30, from Rs249 million ($5.4…

Omokolade Ajayi Omokolade Ajayi
KC Luxury
BusinessHot News

Nigerian influencer Afolabi Michael arrested by NDLEA over cocaine worth $28 million destined for UK

Nigerian influencer Afolabi Kazeem Micheal, known as KC Luxury, was arrested after NDLEA seized cocaine worth nearly $28 million bound…

Feyisayo Ajayi Feyisayo Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN Rwanda’s half-year profit more than triples to $11.7 million on mobile money, data growth

The Kigali-based telecom operator’s results were supported by higher revenue across its main businesses, tighter control of expenses and a…

Omokolade Ajayi Omokolade Ajayi
Tanzanian billionaire Mohammed Dewji
BillionairesBusinessHot News

Tanzanian billionaire Mohammed Dewji eyes regional growth and industrial expansion

The talks, held at the Julius Nyerere International Convention Centre, centered on expanding access to commercial credit for local enterprises…

Omokolade Ajayi Omokolade Ajayi
Absa Group, South Africa’s third-biggest lender.
BusinessHot News

Absa Group posts higher income as earnings, lending improve in first half of 2026

Absa Group reported higher first-half 2026 income and earnings as lending and deposits grew across its African operations.

Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

BUA Group founder Abdul Samad Rabiu crosses $10 billion, third Nigerian billionaire to do so

BUA Group’s Abdul Samad Rabiu crosses $10 billion, ranking as Nigeria’s second-richest and boosting industrial growth.

Hilton Saven, outgoing Chairman of Truworths
BusinessHot News

South Africa’s Truworths chairman Hilton Saven to retire after 23 years

Truworths chairman Hilton Saven will retire after 23 years, with Hans Hawinkels set to succeed him after the Nov. 5 AGM.

Timilehin Adejumobi Timilehin Adejumobi
Petrobas
BusinessHot News

Brazil’s Petrobras targets four offshore blocks in Ghana’s Keta Basin

Petrobras Ghana advances talks for four offshore blocks in the Keta Basin as Brazil’s state oil giant expands frontier exploration.

Timilehin Adejumobi Timilehin Adejumobi
ADNOC Distribution
BusinessHot News

ADNOC to sell minority stake in Shell South Africa to Reatile Group

ADNOC Distribution will acquire Reatile Group’s stake in Shell South Africa, expanding its fuel retail and convenience business.

Timilehin Adejumobi Timilehin Adejumobi
Cell C market value rebounds
Hot NewsBusiness

Cell C reports $260 million annual profit after JSE listing

Cell C’s annual profit jumped 87.65% to R4.16 billion after its JSE listing, supported by stronger revenue, subscribers and wholesale growth.

Feyisayo Ajayi Feyisayo Ajayi
Aldermore Bank
BusinessHot News

FirstRand’s Aldermore sale draws CVC Partners as bidding race heats up

Aldermore sale attracts CVC as FirstRand prepares to exit its UK bank after a $997.2 million motor finance provision.

Timilehin Adejumobi Timilehin Adejumobi
Tanzania’s Mtwara Port
BusinessGlobal News

Tanzania’s Mtwara Port expansion opens new trade route for East Africa

Tanzania’s Mtwara Port expansion is opening a new trade route for East Africa, boosting cargo capacity and strengthening links with regional markets.

Oluwatosin Alao Oluwatosin Alao
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