Truworths International
BusinessHot News

Truworths full-year profit falls to $165 million as fuel costs squeeze consumer spending

Headline earnings per share fell 2.6 percent to R7.32 ($0.45) from R7.52 ($0.46), while diluted headline earnings per share declined…

Omokolade Ajayi Omokolade Ajayi
Changan
TechnologyBusinessHot News

Chinese automakers step up South Africa electric vehicle push

The new models also show how Chinese manufacturers are expanding their presence as demand for electrified vehicles grows.

Omokolade Ajayi Omokolade Ajayi
Drake
EntertainmentBusinessHot News

Drake sells majority stake in his lifestyle brand OVO to Authentic Brands Group

Authentic said Drake will retain a minority stake in OVO and remain involved in its creative direction.

Omokolade Ajayi Omokolade Ajayi
NBA legend Kevin Durant
SportsBusinessHot News

Kevin Durant in line for $60 million payout in reported Hugging Face deal

That single payout would top what the Houston Rockets forward has made in salary during any single season of his…

Omokolade Ajayi Omokolade Ajayi
Shiraz Gathoo
BusinessHot News

South Africa’s Gathoo brothers face $118 million tax dispute as court orders taxman to disclose Devland records 

South Africa’s Gathoo brothers win access to Devland tax records as they challenge a R1.9 billion ($118 million) SARS assessment…

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman, Ponsiano Ngabirano
Hot NewsLuxury

Ugandan businessman Ponsiano Ngabirano’s Marriott franchise deal births 277-unit luxury hotel in Kampala ahead of AFCON

Ugandan businessman Ponsiano Ngabirano opens Kampala Marriott Hotel, adding 277 luxury units as Uganda prepares to co-host the 2027 Africa…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian politician Abdulaziz Yari.
ExclusiveBillionairesBusiness

Abdulaziz Yari: From N84 billion fraud probe to N1.08 trillion Geregu Power buyout

Sen. Abdulaziz Yari’s move into the corporate sector follows more than two decades in Nigerian politics.

Omokolade Ajayi Omokolade Ajayi
Crookes Brothers earnings decline
BusinessHot News

Crookes Brothers weighs sale of Mozambique farming business as $5 million debt looms

Crookes Brothers is negotiating a $2 sale of its Mozambique macadamia businesses as it seeks to eliminate $5 million in…

Feyisayo Ajayi Feyisayo Ajayi
From small beginnings in 1967, as a Polokwane-based family business, Moolman Group has grown into a major property investment firm managing portfolios across South Africa and abroad.
BusinessHot News

How South Africa’s Moolman family unlocked $124 million from 9 mega malls

For the Moolman family, however, the sale is not a retreat from commercial property. It is a way to free…

Omokolade Ajayi Omokolade Ajayi
Egyptian real estate tycoon Waleed Zaki
BusinessHot News

Egyptian real estate tycoon Waleed Zaki steers Pioneers to $16.7 million H1 profit

The leading Egyptian property and infrastructure developer reported a consolidated net profit of EGP837.92 million ($16.7 million) for the six…

Omokolade Ajayi Omokolade Ajayi
Beltone Holding
BusinessHot News

Egypt’s Beltone Holding profit falls 50% to $12.9 million despite revenue surge

The company’s lending business was a major contributor to the increase in revenue.

Omokolade Ajayi Omokolade Ajayi
AMEA Power Egypt solar project
BusinessHot News

AMEA Power’s $19 million-backed 24 MW solar project nears operation in Uganda

AMEA Power’s $19 million-backed 24 MW solar project in Uganda nears operation after energizing its dedicated substation in the West…

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Nicky Oppenheimer
BillionairesBusinessHot News

South African billionaire Nicky Oppenheimer adds $1B as wealth hits $15.5B

Oppenheimer’s wealth has risen $1.65 billion since the start of the year, pushing him to No. 207 on the Bloomberg…

Omokolade Ajayi Omokolade Ajayi
Globacom: 23 years of powering unlimited possibilities
TechnologyBusinessHot News

Globacom at 23: From Expensive SIM Cards to Mass Connectivity

Infrastructure development served as the backbone of this expansion.

Omokolade Ajayi Omokolade Ajayi
Kgotso Bannalotlhe
BusinessHot News

Kgotso Bannalotlhe: Botswana banker who rose from treasury roles to regional CEO across 3 markets

Kgotso Bannalotlhe rose from treasury roles to lead BancABC, Access Bank Botswana and Letshego’s operations across three Southern African markets.

Feyisayo Ajayi Feyisayo Ajayi
Kenya tallest towers Nairobi
BusinessHot News

Britam profit jumps to $21 million in H1 2026

Britam’s profit rose 53.3% to $20.5 million in H1 2026 as stronger underwriting and fee income offset weaker investment gains.

Feyisayo Ajayi Feyisayo Ajayi
CIC Group
BusinessHot News

Kenya’s CIC Group posts $8.4 million H1 2026 profit

CIC Group’s H1 2026 profit rose 70.3% to $8.4 million, driven by investment gains and asset management despite weaker insurance…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

The payment follows Seplat’s second-quarter dividend declaration and comes as the dual-listed company reports a sharp increase in earnings for…

Omokolade Ajayi Omokolade Ajayi
Malagasy tycoon Hassanein Hiridjee
TechnologyBillionairesBusinessHot News

Malagasy tycoon Hassanein Hiridjee’s Axian Telecom posts $980 million H1 revenue

The performance underscores steady commercial expansion across its core markets despite fair-value investment pressures.

Omokolade Ajayi Omokolade Ajayi
Angela Nganga
BusinessHot NewsTechnology

Microsoft appoints Angela Nganga to lead East Africa operations

Microsoft appoints Angela Nganga as East Africa country lead, tasking her with driving AI adoption, digital transformation and regional growth.

Feyisayo Ajayi Feyisayo Ajayi
Zimbabwe emerged as one of the most important sources of visitors.
TourismBusiness

Zimbabwe overtakes UK, China as top source of tourists to South Africa

South Africa’s tourism sector reached a milestone in 2025, welcoming a record 10.5 million international visitors as travel demand continued to recover and expand. The figures reflect steady growth across both regional and long-haul markets, with neighboring countries playing a bigger role than in previous years.  At the center of this shift is Zimbabwe, which emerged as one of the…

Egypt largest pharmacy chains
BusinessHot News

El Ezaby Pharmacies targets 2027 IPO on Egypt’s EGX in major healthcare listing plan

El Ezaby Pharmacies targets 2027 IPO on Egypt’s EGX, signaling a major healthcare retail listing.

Truworths International
BusinessHot News

Truworths full-year profit falls to $165 million as fuel costs squeeze consumer spending

Truworths International’s full-year net profit fell 4.7 percent to $165 million as fuel costs and weaker consumer spending weighed on sales.

Omokolade Ajayi Omokolade Ajayi
Changan
TechnologyBusinessHot News

Chinese automakers step up South Africa electric vehicle push

Chinese automakers are expanding electric, hybrid and pickup offerings in South Africa, challenging Toyota, Ford and Isuzu.

Omokolade Ajayi Omokolade Ajayi
Drake
EntertainmentBusinessHot News

Drake sells majority stake in his lifestyle brand OVO to Authentic Brands Group

Drake has sold a majority stake in OVO to Authentic Brands Group while retaining a minority stake and creative role in the lifestyle brand.

Omokolade Ajayi Omokolade Ajayi
NBA legend Kevin Durant
SportsBusinessHot News

Kevin Durant in line for $60 million payout in reported Hugging Face deal

Kevin Durant could earn $60 million from his early Hugging Face investment if Nvidia completes its reported $12.9 billion acquisition.

Omokolade Ajayi Omokolade Ajayi
Shiraz Gathoo
BusinessHot News

South Africa’s Gathoo brothers face $118 million tax dispute as court orders taxman to disclose Devland records 

South Africa’s Gathoo brothers win access to Devland tax records as they challenge a R1.9 billion ($118 million) SARS assessment in court.

Feyisayo Ajayi Feyisayo Ajayi
Transnet seeks Private partners to revive 9,098km of South Africa rail
BusinessHot News

Transnet seeks Private partners to revive 9,098km of South Africa rail

Transnet seeks private partners to revive 9,098km of South Africa’s rail network as the government pushes to improve freight logistics and capacity.

Oluwatosin Alao Oluwatosin Alao
Show More