BusinessHot News

Namibia’s Capricorn Group director Elizabeth Fahl resigns from board

Capricorn Group director Elizabeth Fahl resigns after nearly five years, ending a tenure focused on governance and human capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
Nigeria’s state-owned oil company, NNPC.
Hot NewsBusiness

Nigeria’s NNPC revenue drops 13% to $3.15 billion despite steady oil output

Revenue fell by N636 billion ($463.7 million) from the N4.97 trillion ($3.62 billion) recorded in April.

Omokolade Ajayi Omokolade Ajayi
Sasini Tea Estate in Kenya, where tea, avocado, and macadamia crops are cultivated and harvested.
Hot NewsBusiness

Kenya eyes $8.3 billion agricultural plan to boost growth, slash food imports

The state-backed National Agri-Food Systems Investment Plan, or NASIP, covers the years 2026 through 2030.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBusiness

GTBank’s co-founder Fola Adeola loses $130 million in Aradel sell-off

The decline in Aradel mirrors a broader retreat across the Nigerian stock market, where several heavyweight companies have posted double-digit…

Omokolade Ajayi Omokolade Ajayi
FirstRand chair Johan Burger
Hot NewsBusiness

FirstRand chair Johan Burger’s stake tops $30 million despite UK regulatory drag

The increase reflects growing investor confidence in FirstRand, one of Africa's biggest financial institutions.

Omokolade Ajayi Omokolade Ajayi
Mantengu Averi acquisition
BusinessHot News

Mantengu flags potential reverse takeover in $120 million AVERI Finance asset deal

Mantengu renews cautionary notice on $120 million Averi deal, a potential reverse takeover expanding into energy and infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Stellantis NV
BusinessHot News

Stellantis weighs future of $183 million South Africa factory amid strategy shift

The delay comes as global automakers face intense competition from Asian rivals.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Africa’s richest man Aliko Dangote loses $743 million in 24 hours

The latest decline mirrors another sharp fall in Dangote Cement shares on the Nigerian Exchange (NGX).

Omokolade Ajayi Omokolade Ajayi
Airtel Africa telecom expansion
BusinessBillionairesHot News

Airtel Africa gets $150 million IFC financing to expand digital infrastructure across Africa

Airtel Africa secures $150 million IFC loan to expand networks, boost connectivity, and drive digital inclusion across underserved markets.

Feyisayo Ajayi Feyisayo Ajayi
Super Star supermarket brand under SPAR Group, showcasing retail presence and store operations.
Hot NewsBusiness

SPAR highlights retail’s role in tackling South Africa’s youth unemployment

For SPAR, whose independent retailers have served South African communities for more than 60 years, that approach is reflected in…

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Elon Musk loses trillionaire status again after $66 billion wipeout in one day

The decline marks the second time in less than two weeks that Musk's fortune has slipped below the $1 trillion…

Omokolade Ajayi Omokolade Ajayi
OCI Global strategic overhaul
Hot News

OCI endorses $4.7 per share cash offer as Oceanwood withdraws mandate

OCI backs $4.7 per-share NNS cash offer as board weighs Orascom deal, citing better value than wind-down and limited alternatives.

Feyisayo Ajayi Feyisayo Ajayi
Haldane McCall market cap NGX
BusinessHot News

Haldane McCall’s market cap holds near $9 million 18 months after NGX listing 

Haldane McCall’s market cap holds near $9 million 18 months after NGX listing, despite weaker earnings and macroeconomic headwinds.

Feyisayo Ajayi Feyisayo Ajayi
Wole Oshin Custodian dividend payout
BusinessHot News

Wole Oshin boosts Custodian stake with new shares worth nearly $1 million

Wole Oshin buys nearly $1 million Custodian shares, reinforcing stake after dividend windfall and strong earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Baume & Mercier
LuxuryHot News

Johann Rupert’s Richemont completes sale of Baume & Mercier to Damiani Group

Richemont completes Baume & Mercier sale to Damiani Group, expanding its luxury watch portfolio and global retail footprint.

Feyisayo Ajayi Feyisayo Ajayi
Sadek El-Sewedy dividend
BusinessHot News

Egyptian businessman Sadek El-Sewedy bags $19 million dividend

Egypt’s Sadek El-Sewedy earns about $19 million dividend as Elsewedy Electric pays $74.5 million on strong cables, engineering and digital…

Feyisayo Ajayi Feyisayo Ajayi
Vista Equity Together AI funding
BusinessBillionairesHot News

Vista Equity backs Together AI in $800 million funding as open-source AI gains ground

Vista Equity joins $800 million Together AI round, valuing startup at $8.3 billion as demand rises for lower-cost, open-source AI…

Feyisayo Ajayi Feyisayo Ajayi
Exxaro ESG governance transition
BusinessHot News

Exxaro navigates ESG gap after South African executive Karin Ireton retires at 70

Exxaro faces governance questions as ESG-focused director Karin Ireton retires amid its shift from coal to lower-carbon energy strategy.

Feyisayo Ajayi Feyisayo Ajayi
Africa private safari reserves
BusinessHot News

10 largest farms in Northern Cape, South Africa 

Northern Cape’s largest farms reveal a shift from livestock to conservation, irrigation, and solar energy across vast, water-scarce landscapes.

Feyisayo Ajayi Feyisayo Ajayi
Kakuzi land dispute Kenya
Hot NewsBusiness

Kenyan tycoon John Kimani’s Kakuzi appeals 3,200-acre land dispute

Kakuzi appeals order to surrender 3,200 acres, challenging NLC authority and raising investor concerns over Kenya land rights dispute.

Feyisayo Ajayi Feyisayo Ajayi
Lesotho pushes for higher royalties in water deal with South Africa as dams expand supply
BusinessTechnology

Lesotho pushes for better terms in key water deal with South Africa

Lesotho is preparing to renegotiate a decades-old water-sharing agreement with South Africa, a deal that contributes about 10% of the kingdom’s economy. Officials say talks could start as early as April, giving the small, landlocked nation a rare chance to press for improved terms with its much larger neighbor.  The agreement underpins the Lesotho Highlands Water Project (LHWP), a $3.1…

GTCO logo represented as a modular corporate structure highlighting its diversified financial services group.
Hot NewsBusiness

GTCO’s Q1 profit slips to $158 million as valuation losses, higher taxes weigh on earnings

GTCO reports first-quarter profit of $158.6 million as valuation losses and higher taxes weigh on earnings despite revenue growth.

BusinessHot News

Namibia’s Capricorn Group director Elizabeth Fahl resigns from board

Capricorn Group director Elizabeth Fahl resigns after nearly five years, ending a tenure focused on governance and human capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
Dangote, Congo National Oil Company
BusinessHot News

Dangote, Congo Oil Company explore refining partnership 

Dangote Congo oil partnership discussions deepen as SNPC and Dangote refine plans to boost fuel supply, energy security, and industrial growth.

Timilehin Adejumobi Timilehin Adejumobi
Nigeria’s state-owned oil company, NNPC.
Hot NewsBusiness

Nigeria’s NNPC revenue drops 13% to $3.15 billion despite steady oil output

Nigeria's NNPC revenue fell to $3.15 billion in May as reservoir pressures and export limits squeezed earnings despite steady oil output.

Omokolade Ajayi Omokolade Ajayi
Sasini Tea Estate in Kenya, where tea, avocado, and macadamia crops are cultivated and harvested.
Hot NewsBusiness

Kenya eyes $8.3 billion agricultural plan to boost growth, slash food imports

Kenya launches a $8.3 billion agricultural plan, targeting private investors to fund a five-year overhaul to slash food imports and boost growth.

Omokolade Ajayi Omokolade Ajayi
Nigeria Joins IEA
BusinessHot News

Nigeria opens new energy chapter with IEA membership

Nigeria IEA membership strengthens energy diplomacy, refining ambitions and Africa's role in global energy policy.

Timilehin Adejumobi Timilehin Adejumobi
Chris Seabrooke, CEO of Sabvest Capital Ltd.
BusinessHot News

South African businessman Christopher Seabrooke’s stake in Sabvest tops $150 million

Christopher Seabrooke Sabvest stake climbs above $150 million as JSE gains and 2025 results lift investor confidence in Sabvest Capital.

Timilehin Adejumobi Timilehin Adejumobi
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