South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The plan comes as TFG reviews stores that are no longer generating enough sales to justify their costs.

Omokolade Ajayi Omokolade Ajayi
Trafigura
BusinessHot News

Trafigura gets $7.5 million as Cameroon’s Sonara gasoline dispute moves to London

Trafigura receives $7.5 million from Cameroon’s Sonara as a gasoline quality dispute moves to London under English law and jurisdiction.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
BusinessHot News

OCI Global faces court challenge over Orascom Construction merger 

OCI Global faces a court challenge from Value8 seeking to halt its proposed Orascom Construction merger and delay the transaction.

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
BusinessHot News

South African tycoon Adrian Gore’s Discovery posts $828 million profit in 2026

Discovery, founded by Adrian Gore, posted an $828 million profit in 2026, up 38.29% year over year, as South African…

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe’s ARM lifts payout as profit hits $200 million

Buoyed by the rebound, ARM’s board raised its shareholder dividend while greenlighting capital allocations for key brownfield expansion projects.

Omokolade Ajayi Omokolade Ajayi
Credit du Marooc
BusinessHot News

Credit du Maroc to secure $13.5 million IFC risk-sharing facility

Credit du Maroc will receive a $13.5 million IFC facility to expand lending to agricultural SMEs and boost rural finance…

Feyisayo Ajayi Feyisayo Ajayi
Folorunso Alakija, Nigeria’s richest woman and philanthropist.
BusinessExclusiveHot News

Nigerian billionaire Folorunso Alakija hosts top UAE diplomats as crude prices surge

The discussions focused on trade ties and energy cooperation, coming at a time when Gulf investors and African producers are…

Omokolade Ajayi Omokolade Ajayi
Exxaro Eskom coal supply deal
BusinessHot News

South Africa’s Exxaro to exit Moranbah South in $105 million deal

Exxaro will acquire Anglo American’s Moranbah South stake before selling the Australian coal asset to Stanmore Resources for $105 million.

Feyisayo Ajayi Feyisayo Ajayi
Egypt's Nawy
BusinessHot News

IFC to invest in Egypt’s Nawy as proptech platform expands

IFC is considering an equity investment in Egypt’s Nawy as the proptech platform expands its digital real estate ecosystem.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessHot News

Africa’s richest man, Aliko Dangote, eyes Botswana rail, cement push in $100 billion drive

The discussions in the capital, Gaborone, centered on heavy industry and transport, putting the continent’s wealthiest person in line to…

Omokolade Ajayi Omokolade Ajayi
Eko Pearl Towers in Eko Atlantic
LuxuryExclusiveHot News

What $1M buys in Africa: Lagos ranks as continent’s second-priciest land market

Only Cape Town proved pricier, with an equivalent outlay of $1 million securing roughly 329 square metres.

Omokolade Ajayi Omokolade Ajayi
Jabali Towers
LuxuryBusinessExclusive

Kenya’s newest skyscraper isn’t in Nairobi—and it’s already 80% sold

The proposed Jabali Towers, planned for the central business district of Tatu Central in Ruiru, envisions a twin-tower high-rise complex…

Omokolade Ajayi Omokolade Ajayi
Standard Bank Office
BusinessHot News

Standard Bank targets East Africa after $1.61 billion first-half earnings

Kenya, in particular, gives the lender a market where corporate banking, trade finance and cross-border transactions can support further expansion.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
BusinessHot News

UBA returns $312 million to investors as shares climb ahead of interim results

The increase lifted UBA's market capitalization to N2.03 trillion ($1.54 billion), from N1.68 trillion ($1.22 billion).

Omokolade Ajayi Omokolade Ajayi
Isaac Malevu
BusinessHot News

Industrial Development Corporation CFO Isaac Malevu to resign after nearly 6 years

Isaac Malevu will step down as IDC CFO and executive director on Nov. 30, 2026, after nearly six years with…

Feyisayo Ajayi Feyisayo Ajayi
3C Coding
BusinessHot NewsTechnology

Egypt’s 3C Coding School raises $3 million to expand into Saudi Arabia

Egyptian EdTech startup 3C Coding School raises $3 million to expand into Saudi Arabia and develop an AI-powered learning platform.

Feyisayo Ajayi Feyisayo Ajayi
Shadwan Wind Power project
BusinessHot News

Egypt’s 900MW Shadwan Wind Power project attracts $100 million IFC financing

Egypt’s 900MW Shadwan Wind Power project is set to receive up to $100 million in proposed IFC financing as construction…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

Cameroonian businessman Fabrice Siaka’s Sodinaf faces $6.5 million equipment dispute

Cameroonian businessman Fabrice Siaka’s Sodinaf faces a $6.47 million equipment ownership claim tied to its palm oil refining project in…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake hits $1.2 billion

Nigerian billionaire Tony Elumelu has seen his Seplat Energy holding surge to $1.2 billion, driven by rising crude production and…

Omokolade Ajayi Omokolade Ajayi
Pivot Integrated Energy Services Limited (Pivot), a leading indigenous integrated downstream energy company.
BusinessHot News

Pivot’s N100 Billion Commercial Paper Debut Oversubscribed in Landmark African Growth Push

The oversubscription gives Pivot additional funding for its operations in the trading, storage, distribution and supply of refined petroleum products…

Editorial Team Editorial Team
Burna Boy
EntertainmentHot News

Burna Boy hits 6.2 million views with latest track on Spotify, YouTube

At a Glance Burna Boy, the self-proclaimed African Giant, continues his rise as a global music icon with the success of his latest single, “Bundle By Bundle.” The track, released amid the festive season, embodies abundance, celebration, and vibrant energy—a perfect match for the Christmas spirit. Since it was released, the song has amassed 6.23 million combined streams on Spotify…

Rotana Hotels
BusinessLuxury

Golden Pillars signs Rotana to run Swar Hotel in Shorouk

Golden Pillars Development has signed an agreement with Rotana Hotels to manage and operate the Swar Hotel in Shorouk City.

CAMTEL deal to bring internet access to private universities across Cameroon
TechnologyBusiness

CAMTEL deal to bring internet access to private universities across Cameroon

CAMTEL has signed a deal to expand broadband, campus connectivity and secure data-hosting services across Cameroon’s private universities.

Oluwatosin Alao Oluwatosin Alao
South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The Foschini Group plans to close 280 stores by 2029 as online sales surge 54 percent and corporate job cuts deepen its retail restructuring.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote and NNPC Group CEO Bashir Bayo Ojulari.
BusinessHot News

Africa’s richest man, Aliko Dangote, cleared to raise $1.6 billion in landmark IPO

Dangote Refinery has received SEC approval for an IPO that could raise $1.63 billion, valuing the 650,000-barrel-a-day facility at $47 billion.

Omokolade Ajayi Omokolade Ajayi
IDC to sell about 10.5% stake in Namibia’s Rössing uranium mine
BusinessHot News

IDC to sell about 10.5% stake in Namibia’s Rössing uranium mine

IDC plans to sell about 10.5% of Namibia’s Rössing uranium mine after sanctions concerns, with 35 proposals already reported.

Oluwatosin Alao Oluwatosin Alao
Trafigura
BusinessHot News

Trafigura gets $7.5 million as Cameroon’s Sonara gasoline dispute moves to London

Trafigura receives $7.5 million from Cameroon’s Sonara as a gasoline quality dispute moves to London under English law and jurisdiction.

Feyisayo Ajayi Feyisayo Ajayi
South Africa's National Treasury
BusinessHot News

South Africa lands $349 million international funding to reform municipal utilities

South Africa municipal reform funding totals $349 million as Germany and France back city infrastructure and essential services.

Timilehin Adejumobi Timilehin Adejumobi
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