Shoprite's founding CEO, Whitey Basson
BusinessHot News

Shoprite’s rise under its founding CEO Whitey Basson: From 8 stores to retail giant in 37 years

How Whitey Basson transformed Shoprite from eight stores into Africa’s largest retailer through acquisitions, expansion, and a focus on affordability.

Feyisayo Ajayi Feyisayo Ajayi
Zambia Hilton hotel
LuxuryHot News

Hilton Lusaka project to cost nearly $100 million as Asmara Holdings backs Zambia expansion

Hilton’s $100 million Lusaka hotel project, backed by Asmara Holdings, signals rising investor confidence in Zambia’s hospitality sector.

Feyisayo Ajayi Feyisayo Ajayi
World's richest person Elon Musk.
Hot NewsBillionairesBusiness

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

Investors are also watching Starship, SpaceX’s next-generation launch system, which remains central to the company’s long-term plans.

Omokolade Ajayi Omokolade Ajayi
Heirs Holdings
BusinessHot News

Heirs Holdings’ portfolio companies earn international recognition across industries

The recognition reflects their financial results, operational execution and continued investment in strengthening power and infrastructure across Africa despite a…

Omokolade Ajayi Omokolade Ajayi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

How Standard Bank Group dominates key African markets under CEO Sim Tshabalala

Standard Bank Group expands across Africa under CEO Sim Tshabalala, using scale, governance and strategy to reinforce market dominance.

Feyisayo Ajayi Feyisayo Ajayi
Geregu Power
BusinessHot News

Geregu Power sheds $556 million on NGX in 2026

AfDB approves $114 million loan for Morocco’s first EV battery gigafactory, boosting electric mobility and green manufacturing ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Daniel Ofori
BusinessHot News

Ghana’s richest investor Daniel Ofori hit by $24 million loss on Soc. Gen. Ghana stake in 143 days

Ghana’s top investor Daniel Ofori loses $24 million on Societe Generale Ghana stake amid cedi depreciation and share price volatility.

Feyisayo Ajayi Feyisayo Ajayi
Stanley Bergman
BusinessHot News

South African-born executive Stanley Bergman exits Henry Schein after 45 years with $53 million stake

Stanley Bergman exits Henry Schein after 45 years, stepping down in 2025 with a $53 million stake after transforming the…

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

World’s richest Black person Aliko Dangote eyes $100 billion empire on oil, fertilizer

At present, the Dangote Group generates roughly $20 billion in annual revenue.

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

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $238 million half-year profit

The stronger bottom line was supported by steady growth in revenue across the business.

Omokolade Ajayi Omokolade Ajayi
Apex Education
BusinessHot News

Apex Education Group transforms former Louisenhof Cellar into campus, plans 10 schools

Apex Education converts Stellenbosch wine cellar into affordable school, targeting 10,000 student capacity nationwide.

Feyisayo Ajayi Feyisayo Ajayi
MTN Group's chair across African markets
Hot NewsBusinessExclusive

10 chairpersons driving MTN Group growth across Africa

MTN Group’s growth across Africa is driven by local chairpersons shaping regulation, capital strategy and trust in 16 markets.

Feyisayo Ajayi Feyisayo Ajayi
Marriott International, the world’s largest hotel chain.
LuxuryBusinessHot News

Marriott to add nine Egypt hotels with more than 1,800 rooms under new deal

The agreement, signed at the government headquarters in New Alamein City, covers projects in key coastal spots and urban hubs.

Omokolade Ajayi Omokolade Ajayi
Dr. Awele Vivien Elumelu.
Hot NewsBusiness

Dr. Awele Elumelu leads Transcorp Hotels to N10.5 billion first-half profit

The results highlight the company's ability to protect earnings in a more demanding business environment.

Omokolade Ajayi Omokolade Ajayi
Hani Berzi
BusinessHot News

Hani Berzi’s Edita Foods stake drops by $100 million in 165 days

Hani Berzi loses nearly $100 million as Edita Foods shares slide on Egypt Exchange, pressured by pound devaluation.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe sees net worth dip under $3.5 billion after bold $1 billion mining gamble

The drop reflects the weaker market value of his 43.66 percent stake in ARM, equivalent to 91,133,393 shares.

Omokolade Ajayi Omokolade Ajayi
Lithium
Hot NewsBusiness

Zimbabwe eyes lithium battery manufacturing as processing push gains ground

The plan marks the next stage of Zimbabwe's effort to earn more from one of its most valuable mineral resources.

Omokolade Ajayi Omokolade Ajayi
Afreximbank
BusinessHot News

Zimbabwean fuel importer Witeva closes $5.3 million deal via Afreximbank platform

Zimbabwe’s Witeva Trading completes $5.3 million fuel deal via Afreximbank platform, highlighting digital trade ecosystem growth in Africa.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu
Hot NewsBillionairesBusiness

Transcorp, led by Nigerian billionaire Tony Elumelu, grows assets to $797 million

Total assets increased to N1.09 trillion ($797 million), up from N1 trillion ($730.6 million) at the end of 2025.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Femi Otedola buys $57 million more First HoldCo shares, stake nears $900 million

The latest purchase further increases his holding in the lender, extending his lead as its largest shareholder as the bank…

Omokolade Ajayi Omokolade Ajayi
Portside Tower
BusinessHot News

South Africa’s 10 office hubs powering global business

South Africa’s office hubs from Sandton to Cape Town are becoming ESG-driven corporate powerhouses attracting global firms and investors.

TotalEnergies
BusinessHot News

Mozambique challenges $2 billion claims on Total LNG project

Mozambique disputes $2bn cost claim from TotalEnergies over LNG delays, escalating talks on project costs and restart terms.

BIOVAC
BusinessHot News

South Africa’s Biovac secures $15 million from AfDB to scale Africa’s vaccine production

Biovac vaccine production gets a $15 million AfDB loan to expand Cape Town capacity to 500 million doses and boost Africa’s vaccine supply.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Kibo Energy to exit London’s AIM market after failed takeover deal

Kibo Energy will exit London’s AIM after a failed takeover deal, leaving shareholders with illiquid holdings and uncertain future prospects.

Feyisayo Ajayi Feyisayo Ajayi
Shoprite's founding CEO, Whitey Basson
BusinessHot News

Shoprite’s rise under its founding CEO Whitey Basson: From 8 stores to retail giant in 37 years

How Whitey Basson transformed Shoprite from eight stores into Africa’s largest retailer through acquisitions, expansion, and a focus on affordability.

Feyisayo Ajayi Feyisayo Ajayi
World's richest person Elon Musk.
Hot NewsBillionairesBusiness

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

Elon Musk's fortune drops $601 billion as SpaceX shares crash 50 percent from their peak, triggering $15.5 billion in short-seller gains.

Omokolade Ajayi Omokolade Ajayi
Heirs Holdings
BusinessHot News

Heirs Holdings’ portfolio companies earn international recognition across industries

Heirs Holdings companies Transcorp, AEDC, and Redtech rank among Africa's top performers as Tony Elumelu's Africapitalism model scales.

Omokolade Ajayi Omokolade Ajayi
South African billionaire and Dis-Chem pharmacies co-founder Ivan Saltzman
BusinessBillionaires

South African billionaire Ivan Saltzman exits Dis-Chem board after 48 years 

Dis-Chem founder Ivan Saltzman leaves the board after 48 years as South Africa's pharmacy retailer enters a new chapter.

Timilehin Adejumobi Timilehin Adejumobi
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