Raya Holding Ostool deal
BusinessHot News

Egypt’s Raya Holdings sees profit slip below $15 million in H1 2026

Raya Holding’s H1 2026 profit fell 17.1% to $14.7 million despite a 21.6% revenue surge, as higher operating costs pressured…

Feyisayo Ajayi Feyisayo Ajayi
Koné Dossongui
BusinessHot News

Meet Koné Dossongui: Ivorian founder of Atlantic Group, pan-African empire across banking, industry, mining

Ivorian entrepreneur Koné Dossongui built Atlantic Group into a Pan-African empire spanning banking, industry, mining and strategic African assets.

Feyisayo Ajayi Feyisayo Ajayi
ODE
BusinessHot News

Egyptian billionaire Samih Sawiris’ ODE posts $63 million profit in H1 2026

Egyptian billionaire Samih Sawiris’ ODE posted $63 million profit in H1 2026, with revenue rising 28.5% on real estate and…

Feyisayo Ajayi Feyisayo Ajayi
Kabwe
BusinessHot News

Shuka Minerals discovers new zinc, copper and vanadium orebody at Zambia’s Kabwe mine

Shuka Minerals has discovered a new high-grade zinc, copper and vanadium orebody at Zambia’s Kabwe mine, adding to its resource…

Feyisayo Ajayi Feyisayo Ajayi
Standard bank Group and CEO Sim Tshabalala
Hot NewsBusiness

Standard Bank led by Sim Tshabalala posts $1.61 billion headline earnings in H1 2026

Standard Bank, led by Sim Tshabalala, posted record H1 2026 headline earnings of $1.61 billion, up 10% on stronger revenue…

Feyisayo Ajayi Feyisayo Ajayi
Jumia
TechnologyHot News

World Bank invests $25 million in Jumia to bolster Africa’s e-commerce growth

IFC proposes a $25 million equity investment in Jumia to accelerate e-commerce growth, strengthen digital infrastructure and support profitability.

Feyisayo Ajayi Feyisayo Ajayi
Inwi
Hot NewsTechnology

Inwi, telecom arm of Morocco’s Al Mada, partners with Huawei to improve transport-route coverage 

Inwi partners with Huawei to improve network coverage and service quality across Morocco’s major transport routes, including railways and highways.

Feyisayo Ajayi Feyisayo Ajayi
Desmond de Beer Lighthouse dividend
BusinessHot News

South African tycoon Des de Beer’s Resilient posts $124 million revenue in H1 2026

Resilient REIT, co-founded by South African tycoon Des de Beer, reported $124 million in revenue in H1 2026, up 3.4%…

Feyisayo Ajayi Feyisayo Ajayi
LuxuryBusinessHot News

Transcorp Hilton Abuja adds padel courts as hotel expands leisure offering

The addition of the courts comes as Transcorp Hilton Abuja continues to expand its leisure and events offering.

Omokolade Ajayi Omokolade Ajayi
Ex-Airtel Africa CEO Segun Ogunsanya
Hot NewsBusiness

Ex-Airtel Africa CEO Segun Ogunsanya takes Vodacom board seat from Phuthi Mahanyele-Dabengwa

The change will also affect the composition of Vodacom’s board committees.

Omokolade Ajayi Omokolade Ajayi
Impala Platinum Holdings Ltd
BusinessHot News

South Africa’s Implats expects earnings to surge as PGM prices lift revenue

The improvement was driven primarily by gains in precious and base metal prices during the year.

Omokolade Ajayi Omokolade Ajayi
Alex Karp, the chief executive officer of Palantir Technologies
BillionairesBusinessHot News

Alex Karp set to become first US Black billionaire worth $20 billion as Palantir shares surge

Karp owns about 2.5 percent of Palantir through a combination of Class A, Class B and Class F shares.

Omokolade Ajayi Omokolade Ajayi
Cygnum Capital
BusinessHot News

Cygnum Capital’s Sub-Saharan African project targets $300 million for off-grid power

Cygnum Capital targets $300 million to expand off-grid renewable energy financing across Sub-Saharan Africa, with IFC proposing $50 million.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Khumo Shuenyane
BusinessHot News

South African executive Khumo Shuenyane to succeed Saki Macozoma as Vodacom chairman in 2027

Shuenyane will assume the chairmanship on July 21, 2027. The planned transition follows Vodacom’s self-imposed 10-year tenure for board members.

Omokolade Ajayi Omokolade Ajayi
Titan Fincap restructuring deal
BusinessHot News

South African billionaire Christo Wiese’s Shoprite sales hit $17 billion, opens 262 stores in one year

Shoprite sales reached $17 billion as Africa’s largest retailer added 262 stores and expanded digital commerce through Sixty60 in 2026.

Feyisayo Ajayi Feyisayo Ajayi
Northam credit boost renewable energy
BusinessHot News

South African PGM producer Northam Platinum posts $3.3 billion revenue in 2026

Northam Platinum reports record 2026 revenue of R54 billion, stronger PGM production, higher earnings and a 40% minimum dividend payout.

Feyisayo Ajayi Feyisayo Ajayi
Esther Koimett
BusinessHot News

Kenyan heiress Esther Koimett emerges as Middle East Bank’s largest shareholder with 17.48% stake

Esther Koimett inherited a 17.48% stake in Middle East Bank Kenya, becoming the lender’s largest disclosed individual shareholder.

Feyisayo Ajayi Feyisayo Ajayi
Mahamadou Bonkoungou
Hot NewsBusiness

Mahamadou Bonkoungou: Burkinabè tycoon who built a billion-dollar business empire through EBOMAF

Mahamadou Bonkoungou built EBOMAF from a Burkina Faso trading venture into a diversified African business group spanning construction, banking and…

Feyisayo Ajayi Feyisayo Ajayi
UK-based Zimbabweans became the country’s top senders.
Global NewsBusinessHot News

Diaspora Dollars: How UK-based Zimbabweans became the country’s top senders

Zimbabwe received $709.6 million from the UK, compared with $702.6 million from South Africa, a difference of less than $7…

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

Aliko Dangote plans $16 billion Kenya refinery, with 70% of funding from debt

The financing structure means raising the debt will be one of the key steps before construction can move ahead.

Omokolade Ajayi Omokolade Ajayi
TECOMA-PARK-RENDER
BusinessLuxury

Growthpoint Properties unveils $24.7 million coastal development project   

Growthpoint launches $24.7 million Tecoma Park logistics hub in KwaZulu-Natal, adding 36,830 square meters of warehousing by 2027.

BusinessExclusive

Gold slump wipes $300 million from CAF President Patrice Motsepe’s wealth

Gold’s sharp pullback erased $300 million from Patrice Motsepe’s wealth, hitting his mining stakes as precious metals retreated from record highs.

Abu Dhabi’s HEA Energy acquires two jackup crane vessels from Denmark
BusinessGlobal News

Abu Dhabi’s HEA Energy acquires two jackup crane vessels from Denmark

Abu Dhabi’s HEA Energy acquires two jackup crane vessels from Denmark as it expands its offshore wind presence across Europe.

Oluwatosin Alao Oluwatosin Alao
Kumba Iron Ore
BusinessHot News

Anglo American’s Kumba signs year-long iron ore deal with China’s CMRG

Kumba iron ore deal with China’s CMRG covers about 10 million tons, strengthening Anglo American’s access to China’s steel market.

Timilehin Adejumobi Timilehin Adejumobi
Epiroc expands South Africa mining business with Eventspec acquisition
BusinessGlobal News

Epiroc expands South Africa mining business with Eventspec acquisition

Epiroc has completed its acquisition of South Africa’s Eventspec, expanding its mining aftermarket, repair and manufacturing operations.

Oluwatosin Alao Oluwatosin Alao
Safaricom
BusinessTechnology

Safaricom appoints Mariam Cassim, Matimba Mbungela to board 

Safaricom appoints Mariam Cassim and Matimba Mbungela to its board as non-executive directors, strengthening its leadership.

Timilehin Adejumobi Timilehin Adejumobi
Mr. Eazi
BusinessTechnology

Mr Eazi’s Choplife expands into Nigeria’s Itana Digital Zone

Choplife Itana Digital Zone expansion gives Mr Eazi’s African venture a Nigerian base for technology, gaming, media and entertainment.

Timilehin Adejumobi Timilehin Adejumobi
Opay
BusinessHot News

OPay transactions jump 115% to $358 billion ahead of US IPO 

OPay transactions hit $358 billion in 2025 as revenue, users and lending surged ahead of a potential $4 billion U.S. IPO.

Timilehin Adejumobi Timilehin Adejumobi
Show More