Ongwe Minerals
Hot NewsBusiness

Ongwe Minerals expands 6km gold discovery in Namibia, sets 5,000 m drilling campaign

Ongwe Minerals expands a 6km gold anomaly at Namibia’s Nguni prospect, advancing toward a 5,000-meter drilling campaign.

Feyisayo Ajayi Feyisayo Ajayi
Tina Rookledge
BusinessHot News

South African executive Tina Rookledge takes over as Pick n Pay’s finance chief

Pick n Pay appoints Tina Rookledge CFO after Lerena Olivier retires, advancing leadership succession and retailer turnaround strategy.

Feyisayo Ajayi Feyisayo Ajayi
Mbali Motanyane
BusinessHot News

South African executive Mbali Motanyane joins Exxaro following Dawood Cassim’s retirement

Exxaro appoints finance executive Mbali Motanyane as debt officer, succeeding retiring veteran Dawood Cassim after three decades.

Feyisayo Ajayi Feyisayo Ajayi
Close-up of South African Airways aircraft.
BusinessHot News

SAA, Emirates deepen alliance with expanded Africa route network

The deal moves the partnership into a reciprocal codeshare following recent regulatory approvals.

Omokolade Ajayi Omokolade Ajayi
African electric mobility company Spiro.
TechnologyBusinessHot News

Spiro opens seventh Rwanda battery swap hub after securing $270 million funding

The new facility significantly increases the company's capacity in Rwanda, allowing more riders to swap depleted batteries quickly instead of…

Omokolade Ajayi Omokolade Ajayi
Cameroonian businessman Elvis Mouafo
Hot NewsBusiness

Cameroonian businessman Elvis Mouafo launches Elvi Energy to enter petroleum sector

Elvis Mouafo launches Elvi Energy to enter Cameroon’s regulated petroleum market, pending approvals and strategy clarity.

Feyisayo Ajayi Feyisayo Ajayi
Kenyan banker John Gachora
Hot NewsBusiness

Kenyan banker John Gachora leads NCBA Group to $95.8 million half-year profit

Profit before tax for the six months ended June 30, 2026, climbed 14.3 percent to $120 million from $104.7 million…

Omokolade Ajayi Omokolade Ajayi
World’s richest Black person Aliko Dangote
BillionairesBusinessHot News

Aliko Dangote to use $5 billion IPO to expand Lagos refinery, build Kenya plant

Designed to process 700,000 barrels of crude oil a day, the Lamu facility is expected to become East Africa’s largest…

Omokolade Ajayi Omokolade Ajayi
Zimbabwe tycoon Simon Rudland
BusinessHot News

Zimbabwe tycoon Simon Rudland opens $25 million citrus plant, creating 1,500 jobs

Operated by Orangeville, the facility will supply citrus juice to local beverage makers, including Schweppes Zimbabwe Limited, while serving export…

Omokolade Ajayi Omokolade Ajayi
British-Nigerian entrepreneur Ladi Delano
TechnologyBusinessHot News

Ladi Delano’s Moove hits $2.1 billion valuation after $250 million funding

The investment turns the firm into Africa’s newest tech unicorn as it expands beyond human-driven ride-hailing into the physical back-end…

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot NewsBusiness

Johannesburg Stock Exchange eyes Dangote refinery secondary listing after planned $5 billion IPO

Johannesburg Stock Exchange eyes Dangote refinery secondary listing after planned $5 billion Lagos IPO, expanding African investor access.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

Abdul Samad Rabiu’s BUA Foods plans new noodle, oil lines after $215 million half-year profit

The plans were outlined during the company's H1 2026 Investors & Analysts Conference Call.

Omokolade Ajayi Omokolade Ajayi
South African businessman Marcel Golding
BusinessHot News

South African businessman Marcel Golding’s Geomer raises Vunani stake to $5 million

Marcel Golding’s Geomer Investments lifts Vunani stake above $5 million, crossing 20% ownership threshold despite share price decline.

Feyisayo Ajayi Feyisayo Ajayi
Sanlam
BusinessHot News

Sanlam’s assets under management hit $4 billion, delivers $208 million

Sanlam’s assets near $4 billion as insurer posts $208 million return, underscoring resilience of conservative investment strategy.

Feyisayo Ajayi Feyisayo Ajayi
World’s richest Black person Aliko Dangote
BillionairesBusinessHot News

World’s richest Black person Aliko Dangote’s refinery targets $5 billion listing after $2.5 billion pitch

Dangote plans to use the new capital to expand processing capacity at the Lagos site and build a similar facility…

Omokolade Ajayi Omokolade Ajayi
South African businessman Robert Gumede
BusinessBillionairesHot News

Robert Gumede’s Vision Group targets $1.1 billion acquisition of sugar leader Illovo

The proposed takeover would pull the continent’s top sugar, ethanol, and bioenergy assets under a single African-owned business.

Omokolade Ajayi Omokolade Ajayi
Elon Musk
TechnologyBusinessExclusive

Elon Musk’s SpaceX revenue jumps 92% to $7.8 billion, beats expectations

SpaceX said second-quarter revenue rose 92 percent to $7.8 billion, topping the $6.9 billion average estimate of analysts polled by…

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Femi Otedola targets 51% stake in First HoldCo after record N6 trillion market cap

The billionaire investor said he plans to increase his stake to 51 percent, reinforcing his long-term commitment to the parent…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

10 richest mining tycoons in Africa

Africa’s mining wealth remains highly concentrated, with South African tycoons dominating fortunes from gold, diamonds and critical metals.

Feyisayo Ajayi Feyisayo Ajayi
Ivan Glasenberg Glencore
BillionairesHot News

South African billionaire Ivan Glasenberg’s fortune climbs to $13.6 billion as stake in Glencore hits $9 billion

Ivan Glasenberg’s fortune climbs to $13.6 billion as his 10.4% stake in Glencore hits appoximately $9 billion amid a surge…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu.
Hot NewsBillionairesBusiness

Elumelu’s Heirs Energies Holds $800m Seplat Stake as Stock Hits Historic N10,000

Months after Tony Elumelu’s $500 million, Seplat Energy becomes first NGX stock to cross N10,000 per share.

Energy infrastructure investment
BusinessHot News

What Uganda’s $2 billion Gulf-backed loan means for energy development

Uganda secures a $2 billion Gulf-backed loan from Vitol to expand oil storage, terminals and pipelines, boosting fuel security and easing fiscal pressure.

IDC targets $3.15 billion in funding to drive Africa’s industrial growth
BusinessHot News

IDC targets $3.15 billion in funding to drive Africa’s industrial growth

South Africa’s IDC plans $3.15 billion funding to support manufacturing, energy, mining and industrial growth under a new strategy.

Oluwatosin Alao Oluwatosin Alao
Ongwe Minerals
Hot NewsBusiness

Ongwe Minerals expands 6km gold discovery in Namibia, sets 5,000 m drilling campaign

Ongwe Minerals expands a 6km gold anomaly at Namibia’s Nguni prospect, advancing toward a 5,000-meter drilling campaign.

Feyisayo Ajayi Feyisayo Ajayi
Jambojet
BusinessHot News

Kenya’s Jambojet expands in Africa with first Ghana airline maintenance deal

Jambojet Ghana maintenance deal expands Africa's MRO market as Kenya's airline secures its first aircraft servicing contract in Ghana.

Timilehin Adejumobi Timilehin Adejumobi
AFCFTA
BusinessHot News

Nigeria’s Bergmans secures $3.1 billion AfCFTA customs project

Bergmans AfCFTA customs project will digitize customs across 50 African countries under a $3.1 billion, 20-year trade deal.

Timilehin Adejumobi Timilehin Adejumobi
East African Breweries Ltd. (EABL)
BusinessHot News

East African Breweries delivers over $140 million profit in 2026

East African Breweries profit rose 49% to $140 million in 2026 as revenue, sales volumes and lower financing costs boosted earnings.

Timilehin Adejumobi Timilehin Adejumobi
Tina Rookledge
BusinessHot News

South African executive Tina Rookledge takes over as Pick n Pay’s finance chief

Pick n Pay appoints Tina Rookledge CFO after Lerena Olivier retires, advancing leadership succession and retailer turnaround strategy.

Feyisayo Ajayi Feyisayo Ajayi
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