HOT NEWS

25-year climb puts $1 million FirstRand stake in South Africa’s FNB CEO hands

October 3, 2026

South African executive Simon Baloyi bags $2.6 million pay as Sasol profit jumps

October 3, 2026

Aliko Dangote, Africa's richest man and Dangote group President

Aliko Dangote’s $16 billion Kenya refinery faces fresh legal challenge

October 3, 2026

IFC commits $50 million to Liquid Telecom’s planned $350 million bond

October 3, 2026

25-year climb puts $1 million FirstRand stake in South Africa’s FNB CEO hands

At Friday’s closing price of R89.7 ($5.4), her direct beneficial holding was valued at R17.58 million, or about $1.06 million.

Omokolade Ajayi October 3, 2026

Banking Latest

Paul Fokam’s Afriland First Bank holds $898 million in securities against $1.4 billion in loans

Afriland First Bank held $898 million in securities against $1.43 billion in customer loans, highlighting its balance-sheet allocation in August…

Feyisayo Ajayi October 3, 2026

Executives Business Hot News

South African executive Simon Baloyi bags $2.6 million pay as Sasol profit jumps

Baloyi’s base salary increased to R16.29 million ($980,000) from R12.51 million ($750,000) a year earlier.

Omokolade Ajayi October 3, 2026

Business Billionaires Hot News

Aliko Dangote’s $16 billion Kenya refinery faces fresh legal challenge

Watchdogs are also questioning a reported 21.5 billion Kenyan shilling seed allocation tied to the development.

Omokolade Ajayi October 3, 2026

Banking Latest

Nedbank ordered to pay costs after South African court sets aside home loan judgment

Nedbank ordered to pay legal costs after South African court overturns a 2021 home loan judgment involving two Soweto homeowners…

Feyisayo Ajayi October 3, 2026

Hot News Technology

IFC commits $50 million to Liquid Telecom’s planned $350 million bond

IFC commits up to $50 million to Liquid Telecom’s planned $350 million bond, supporting network expansion and debt refinancing across…

Feyisayo Ajayi October 3, 2026

Business Companies Hot News

Mauritius conglomerate CIEL posts $856 million revenue on tourism boom

The board declared an increased dividend, backed by record free cash flow generation.

Omokolade Ajayi October 2, 2026

Hospitality Business Hot News Lifestyle

IHG’s voco hotels opens first East African property in Nairobi

The property is designed around extended stays, business travel and airport transits, combining hotel services with the flexibility of all-suite…

Omokolade Ajayi October 2, 2026

Entrepreneurs Hot News

Uganda businessman Emmanuel Katongole resigns as URA board chairman after 6 months

Ugandan businessman Emmanuel Katongole resigns as URA board chairman after six months, citing growing business and Rotary responsibilities.

Feyisayo Ajayi October 2, 2026

IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.

Companies Business Hot News

Mauritian giant IBL Group hits $2.6 billion in revenue on strong retail boom

Retail remained IBL’s largest commercial segment, generating MUR60.95 billion ($1.26 billion) in revenue, up from MUR54.99 billion ($1.14 billion) in…

Omokolade Ajayi October 2, 2026

Billionaires Latest

Ugandan tycoon Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank takeover

Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank’s disputed takeover, transfer and sale as the legal battle resumes…

Feyisayo Ajayi October 2, 2026

Executives Hot News

Standard Bank’s Sim Tshabalala, 7 other executives unlock $1.92 million in share awards

Standard Bank CEO Sim Tshabalala and senior executives unlock $1.92 million in share awards under the lender’s deferred bonus scheme.

Feyisayo Ajayi October 2, 2026

Executives Hot News

ReconAfrica appoints former Canadian Oil Sands CEO Ryan Kubik to board

ReconAfrica appoints former Canadian Oil Sands CEO Ryan Kubik as an independent director to strengthen governance and advance African exploration.

Feyisayo Ajayi October 2, 2026

Attijariwafa Bank Morocco valued over $15 billion

Investments Latest

Attijariwafa takes control of Société Générale Ghana as Daniel Ofori retains stake

Attijariwafa Bank will acquire a controlling stake in Société Générale Ghana, while Daniel Ofori retains his 6.81% stake.

Feyisayo Ajayi October 2, 2026

Philanthropy Latest

10 biggest publicly reported donations of late Zimbabwean businessman Wicknell Chivayo

Zimbabwean businessman Wicknell Chivayo made some of the country’s biggest publicly reported donations before his death in a helicopter crash.

Feyisayo Ajayi October 2, 2026

Business Hot News

Zimbabwe says land seizure compensation reaches $508 million

The payments form part of a broader effort to resolve the financial fallout from the country’s controversial land reform program.

Omokolade Ajayi October 2, 2026

Mining Business Companies Hot News

Canadian-listed Montage Gold pours first gold at Côte d’Ivoire’s Koné mine

Montage Gold pours first gold at its Koné mine in Côte d’Ivoire, starting production ahead of its 2027 target.

Omokolade Ajayi October 2, 2026

Energy Business Hot News

AXIAN Energy-backed Malagasy hydro project to power 2 million, create 1,500 jobs

The project, backed by the Malagasy government and its partners, is designed to improve electricity reliability while supporting broader economic…

Omokolade Ajayi October 2, 2026

Business Companies Hospitality Hot News

Ugandan tycoon Ponsiano Ngabirano’s Marriott Hotel valued at $166M after pension deal

The transaction gives the Nsambya-based property an implied value of about $166.7 million.

Omokolade Ajayi October 2, 2026

Entrepreneurs Latest

Ugandan Alam family loses bid to halt 10-year Steel Rolling Mills’ execution

Ugandan Alam family loses bid to halt execution over a decade-old Steel Rolling Mills judgment after High Court rejects stay…

Feyisayo Ajayi October 1, 2026

Business Hot News

Jaiz Bank posts $5.7 million Q1 2026 profit after regulatory delays

Jaiz Bank posts $5.72 million Q1 profit, driven by sukuk income, rising deposits, and growing demand for Islamic banking products.

Business Hot News

Top 10 mining companies in South Africa

South Africa’s top mining companies power growth as cobalt, copper and platinum fuel EVs, jobs and global investment.

25-year climb puts $1 million FirstRand stake in South Africa’s FNB CEO hands

Lytania Johnson’s 25-year rise at FNB has culminated in a $1.06 million FirstRand stake, built through deferred executive incentives and share awards.

Omokolade Ajayi October 3, 2026

Banking Latest

Paul Fokam’s Afriland First Bank holds $898 million in securities against $1.4 billion in loans

Afriland First Bank held $898 million in securities against $1.43 billion in customer loans, highlighting its balance-sheet allocation in August 2026.

Feyisayo Ajayi October 3, 2026

Executives Business Hot News

South African executive Simon Baloyi bags $2.6 million pay as Sasol profit jumps

Sasol CEO Simon Baloyi’s pay surged 65.4% to R42.87 million ($2.57 million) in 2026, driven by higher incentives as the energy group’s profits doubled.

Omokolade Ajayi October 3, 2026

Business Billionaires Hot News

Aliko Dangote’s $16 billion Kenya refinery faces fresh legal challenge

Aliko Dangote’s $16 billion Kenya refinery faces legal scrutiny over public funding, state guarantees, and disputed coastal land in Lamu.

Omokolade Ajayi October 3, 2026

Banking Latest

Nedbank ordered to pay costs after South African court sets aside home loan judgment

Nedbank ordered to pay legal costs after South African court overturns a 2021 home loan judgment involving two Soweto homeowners in Johannesburg.

Feyisayo Ajayi October 3, 2026

Hot News Technology

IFC commits $50 million to Liquid Telecom’s planned $350 million bond

IFC commits up to $50 million to Liquid Telecom’s planned $350 million bond, supporting network expansion and debt refinancing across Africa.

Feyisayo Ajayi October 3, 2026

Business Hot News

Shoprite opens 50th Uniq by Checkers clothing store in Cape Town

Shoprite’s Uniq by Checkers has opened its 50th clothing store in South Africa as the retailer expands its fashion business beyond groceries.

Oluwatosin Alao October 2, 2026

Business Companies Hot News

Mauritius conglomerate CIEL posts $856 million revenue on tourism boom

CIEL Limited reported an 8% revenue rise to $856.1 million for FY26, driven by strong gains in hospitality and healthcare despite regional textile headwinds.

Omokolade Ajayi October 2, 2026

Hospitality Business Hot News Lifestyle

IHG’s voco hotels opens first East African property in Nairobi

IHG Hotels & Resorts has opened voco Nairobi Airport Suites, its first voco property in East Africa, adding 112 suites near Jomo Kenyatta International Airport.

Omokolade Ajayi October 2, 2026

Alex Karp, the chief executive officer of Palantir Technologies

Billionaires Entrepreneurs Hot News

Richest Black US billionaire Alex Karp buys 37,000-acre Swedish forest

Palantir CEO Alex Karp buys 37,000 acres of Swedish forest for about $22 million as his fortune surpasses $20 billion.

Omokolade Ajayi October 2, 2026

Entrepreneurs Hot News

Uganda businessman Emmanuel Katongole resigns as URA board chairman after 6 months

Ugandan businessman Emmanuel Katongole resigns as URA board chairman after six months, citing growing business and Rotary responsibilities.

Feyisayo Ajayi October 2, 2026

Companies Business Hot News

Mauritian giant IBL Group hits $2.6 billion in revenue on strong retail boom

IBL Group increased full-year revenue 13.2 percent to $2.6 billion as retail, consumer brands, hospitality and services drove growth.

Omokolade Ajayi October 2, 2026

Billionaires

Business Billionaires Hot News

Aliko Dangote’s $16 billion Kenya refinery faces fresh legal challenge

Aliko Dangote’s $16 billion Kenya refinery faces legal scrutiny over public funding, state guarantees, and disputed coastal land in Lamu.

Omokolade Ajayi October 3, 2026

Billionaires Entrepreneurs Hot News

Richest Black US billionaire Alex Karp buys 37,000-acre Swedish forest

Palantir CEO Alex Karp buys 37,000 acres of Swedish forest for about $22 million as his fortune surpasses $20 billion.

Omokolade Ajayi October 2, 2026

Billionaires Latest

Ugandan tycoon Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank takeover

Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank’s disputed takeover, transfer and sale as the legal battle resumes in London.

Feyisayo Ajayi October 2, 2026

Billionaires Business Hot News

Fresh off $500 million oil backing, Kola Karim urges African infrastructure push

Shoreline Group Chairman Kola Karim secures $500 million from Qatar for OML 30 drilling and calls for accelerated investment in African trade corridors.

Omokolade Ajayi October 1, 2026

Billionaires Companies Hot News

Nigerian billionaire Tony Elumelu deepens grip on Seplat Energy with $59.7 million share buy

Tony Elumelu lifts his Seplat Energy stake to 126.4 million shares worth $1.26 billion through a fresh $59.7 million share acquisition.

Omokolade Ajayi October 1, 2026

Billionaires Hot News

Nigerian billionaire Tony Elumelu urges global shift from foreign aid to investment

At UNGA, Tony Elumelu urged global leaders to replace foreign aid with direct investment, highlighting $4.2 billion generated by African startups.

Omokolade Ajayi September 29, 2026

Billionaires Companies Hot News

Africa’s richest man Aliko Dangote targets $36 billion revenue in 2026

Aliko Dangote’s conglomerate targets $36 billion in revenue for 2026, doubling its 2025 earnings behind aggressive refining and energy expansion.

Omokolade Ajayi September 29, 2026

Companies Billionaires Latest

Accelerate Property Fund sells KPMG Crescent to reduce debt for $23.6 million

Accelerate Property Fund agrees to sell KPMG Crescent for $23.6 million, using proceeds to reduce debt and strengthen its balance sheet.

Feyisayo Ajayi September 25, 2026

Billionaires Business Hot News

Sayyu Dantata, half-brother of Africa’s richest man, risks losing $35M aircraft fleet

Sayyu Dantata, half-brother of Africa’s richest man Aliko Dangote, faces the possible forfeiture of three aircraft worth $35 million over unpaid customs bill.

Omokolade Ajayi September 25, 2026

Lifestyle

Tourism Lifestyle

South Africa tops 7.5 million tourist arrivals as August visits exceed 1 million

South Africa tourist arrivals topped 7.5 million by August 2026 as monthly visits crossed 1 million, boosting tourism investment prospects.

Timilehin Adejumobi October 3, 2026

Hospitality Business Hot News Lifestyle

IHG’s voco hotels opens first East African property in Nairobi

IHG Hotels & Resorts has opened voco Nairobi Airport Suites, its first voco property in East Africa, adding 112 suites near Jomo Kenyatta International Airport.

Omokolade Ajayi October 2, 2026

Business Companies Hospitality Hot News

Ugandan tycoon Ponsiano Ngabirano’s Marriott Hotel valued at $166M after pension deal

Ponsiano Ngabirano’s Kampala Marriott Hotel is valued at $166 million after Uganda’s NSSF invested $50 million for a 30% stake.

Omokolade Ajayi October 2, 2026

Tourism Luxury

Shah Palace Zanzibar: A new luxury escape in East Africa

Shah Palace Zanzibar opens a 50-key luxury resort on Zanzibar’s northeast coast, blending Swahili heritage, oceanfront villas and wellness.

Oluwatosin Alao October 1, 2026

Luxury Lifestyle

One Nature Nyaruswiga: Luxury at the heart of Serengeti

One Nature Nyaruswiga puts luxury at the heart of Tanzania’s Serengeti, pairing private tents with Big Five safaris and fine dining.

Timilehin Adejumobi October 1, 2026

Hospitality Lifestyle

Zimbabwe’s RTG to turn $5.6 million Cape Town property into a global hotel

Town hotel plans put a $5.6 million property on track for a global brand and expansion beyond Zimbabwe.

Timilehin Adejumobi October 1, 2026

Business Travels

Ethiopian Airlines to sign Boeing deal for 10 freighter aircraft

Ethiopian Airlines is set to sign a Boeing freighter deal as cargo volumes rise and the carrier expands its global network.

Timilehin Adejumobi September 30, 2026

Business Tourism

Etihad Rail begins UAE passenger train trials ahead of September 30 launch

Etihad Rail will launch Abu Dhabi-Dubai passenger services on Sept. 30, with 10 daily journeys and a direct link to Dubai Metro.

Oluwatosin Alao September 29, 2026

The Kempinski Shekinah Palace Douala Bonanjo

Tourism Luxury

Kempinski expands in Cameroon with $384 million luxury hotel project

Kempinski is expanding in Cameroon with a $384 million luxury hotel and mixed-use development in Douala’s Bonanjo district.

Oluwatosin Alao September 29, 2026

Technology

Hot News Technology

IFC commits $50 million to Liquid Telecom’s planned $350 million bond

IFC commits up to $50 million to Liquid Telecom’s planned $350 million bond, supporting network expansion and debt refinancing across Africa.

Feyisayo Ajayi October 3, 2026

Business Technology

MTN wins Competition Commission nod for IHS takeover

MTN’s IHS takeover advances as South Africa’s Competition Commission backs the $2.2 billion deal with competition safeguards.

Timilehin Adejumobi October 2, 2026

Absa Group, South Africa’s third-biggest lender.

Banking Business Technology

Absa becomes first African Bank to offer digital-asset custody

Absa becomes Africa’s first bank to offer digital-asset custody, targeting a $1.5 billion South African crypto market.

Oluwatosin Alao October 2, 2026

Business Banking Technology

Discovery Bank unveils Superbank for a single digital banking platform

Discovery Bank launches its Superbank as it targets R3 billion profit by 2029 and expands its digital platform across Discovery’s ecosystem.

Oluwatosin Alao October 1, 2026

Business Technology

Checkers brings Xpress smart trolleys to new upmarket South Africa store

Checkers is rolling out Xpress smart trolleys at its new Midstream Estate store, bringing scan-and-go shopping technology to Gauteng shoppers.

Oluwatosin Alao October 1, 2026

Mounir-Nakhla-Founder-and-CEO-of-MNT-Halan

Fintech Business

Egyptian fintech unicorn MNT-Halan to sell 20% stake in IPO

MNT-Halan plans to sell 20% of its shares in an IPO, giving investors access to Egypt’s fast-growing fintech sector.

Timilehin Adejumobi October 1, 2026

Technology Business

Senegal expands Nokia partnership to boost digital networks and cybersecurity

Senegal expands its Nokia partnership to strengthen digital networks, cybersecurity and public services under its $6.37 million digital infrastructure push.

Oluwatosin Alao October 1, 2026