Sibanye-Stillwater
BusinessHot News

Sibanye-Stillwater begins talks over proposed restructuring of Kwezi shaft

Sibanye-Stillwater will consult workers over Kwezi shaft restructuring, potentially affecting 1,114 employees and contractors as production declines.

Feyisayo Ajayi Feyisayo Ajayi
Varkey Verghese , Jawa
BusinessHot News

Varkey Verghese: Indian-born entrepreneur who built Jawa into a Nigerian pharmaceutical group

Varkey Verghese built Jawa International from a pharmaceutical distributor into a Nigerian manufacturer serving human and animal healthcare markets.

Feyisayo Ajayi Feyisayo Ajayi
South African asset manager Ninety One profit.
BusinessHot News

Ninety One takes stake worth $474 million in Sibanye-Stillwater

Ninety One acquires a $473.8 million stake in Sibanye-Stillwater, crossing 5% as the miner reports record H1 earnings and stronger…

Feyisayo Ajayi Feyisayo Ajayi
SunBet Namibia launch
BusinessHot NewsTourism

Sun International’s interim profit falls to $45 million in H1 2026

Sun International’s interim profit fell to $45 million in 2026 despite revenue growth, as investment and inflation pressured margins overall.

Feyisayo Ajayi Feyisayo Ajayi
Harmony Gold
BusinessHot News

Harmony Gold employee dies in seismic incident at Moab Khotsong mine

Harmony Gold confirms an employee died in a seismic incident at Moab Khotsong mine, while South African authorities investigate the…

Feyisayo Ajayi Feyisayo Ajayi
Mahesh Nandwani , Jolaks founder and CEO
BusinessHot News

Sierra Leone family-run palm oil company Jolaks secures $20 million financing

Sierra Leone’s Jolaks Manufacturing secures $20 million from Proparco to expand palm oil production and strengthen local food security.

Feyisayo Ajayi Feyisayo Ajayi
MCB
BusinessHot News

MCB structures $51 million financing for Tolaram’s Nigeria expansion

MCB has structured a $51 million loan for Tolaram, refinancing acquisition debt and supporting its expansion across Nigeria and Africa.

Feyisayo Ajayi Feyisayo Ajayi
Mtumba Government City in Dodoma
BusinessHot News

Tanzania to unveil massive $270 million government city in Dodoma

The 698 billion Tanzanian shilling ($270 million) development was built to root the day-to-day operations of the national government firmly…

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Nigerian watchdog probes Uber over sudden exit, trapped user funds

Officials are "looking into the manner of their exit, particularly in respect of unfulfilled services to the customers," FCCPC CEO…

Omokolade Ajayi Omokolade Ajayi
South African businessman Adrian Gore
BusinessHot News

South African tycoon Adrian Gore to bag $7.5 million dividend as Discovery profit soars

Gore, 62, who co-founded Discovery with Barry Swartzberg in 1992, owns a 6.48 percent stake in the company, representing 44,213,070…

Omokolade Ajayi Omokolade Ajayi
Carlos Vicente
BusinessHot News

Angolan businessman Carlos Vicente’s Standard Bank stake put on the block for $261 million

Angola’s Capital Markets Commission has approved the sale of Carlos São Vicente’s 34% Standard Bank Angola stake, valued at up…

Feyisayo Ajayi Feyisayo Ajayi
Moreku Holdings
BusinessHot News

South African businessman Thakgalo Aphane’s Moreku Holdings hit with legal setback in BMW debt dispute

Thakgalo Aphane’s Moreku Holdings suffers a Gauteng High Court setback as BMW Financial Services pursues an alleged R4.6 million ($288,008)…

Feyisayo Ajayi Feyisayo Ajayi
Morocco's stadium
TourismGlobal NewsHot NewsSports

Morocco’s $500 million stadium targets 2030 World Cup final, world’s biggest

Morocco is building a $500 million stadium near Casablanca that could host the 2030 World Cup final and become the…

Feyisayo Ajayi Feyisayo Ajayi
Babukung
BusinessHot News

South African court orders Bakubung Minerals to pay China Coal $12.6 million

South Africa’s Gauteng High Court orders Bakubung Minerals to pay China Coal R201 million ($12.59 million) after enforcing a mining…

Feyisayo Ajayi Feyisayo Ajayi
South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The plan comes as TFG reviews stores that are no longer generating enough sales to justify their costs.

Omokolade Ajayi Omokolade Ajayi
Trafigura
BusinessHot News

Trafigura gets $7.5 million as Cameroon’s Sonara gasoline dispute moves to London

Trafigura receives $7.5 million from Cameroon’s Sonara as a gasoline quality dispute moves to London under English law and jurisdiction.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
BusinessHot News

OCI Global faces court challenge over Orascom Construction merger 

OCI Global faces a court challenge from Value8 seeking to halt its proposed Orascom Construction merger and delay the transaction.

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
BusinessHot News

South African tycoon Adrian Gore’s Discovery posts $828 million profit in 2026

Discovery, founded by Adrian Gore, posted an $828 million profit in 2026, up 38.29% year over year, as South African…

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe’s ARM lifts payout as profit hits $200 million

Buoyed by the rebound, ARM’s board raised its shareholder dividend while greenlighting capital allocations for key brownfield expansion projects.

Omokolade Ajayi Omokolade Ajayi
Credit du Marooc
BusinessHot News

Credit du Maroc to secure $13.5 million IFC risk-sharing facility

Credit du Maroc will receive a $13.5 million IFC facility to expand lending to agricultural SMEs and boost rural finance…

Feyisayo Ajayi Feyisayo Ajayi
Labat Africa's first dividend
BusinessHot News

South Africa’s Labat Africa to pay first-ever $1.4 million dividend 

Labat Africa declared its first-ever $1.4 million dividend after a sharp earnings recovery and renewed focus on shareholder returns

MCB AXIAN Energy financing Africa
BusinessHot News

MCB backs AXIAN Energy with $60 million financing to accelerate Africa expansion

MCB provides $60 million financing to AXIAN Energy to scale renewable projects and expand across Africa’s fast-growing power markets.

Sibanye-Stillwater
BusinessHot News

Sibanye-Stillwater begins talks over proposed restructuring of Kwezi shaft

Sibanye-Stillwater will consult workers over Kwezi shaft restructuring, potentially affecting 1,114 employees and contractors as production declines.

Feyisayo Ajayi Feyisayo Ajayi
Varkey Verghese , Jawa
BusinessHot News

Varkey Verghese: Indian-born entrepreneur who built Jawa into a Nigerian pharmaceutical group

Varkey Verghese built Jawa International from a pharmaceutical distributor into a Nigerian manufacturer serving human and animal healthcare markets.

Feyisayo Ajayi Feyisayo Ajayi
Thomas Holtz hands over the Multotec CEO role to Johan Robbertse at Electra Mining Africa 2026.
BusinessHot News

South Africa’s Multotec names new CEO after 20 years under Thomas Holtz

Multotec appoints Johan Robbertse as Group CEO after Thomas Holtz’s 20-year tenure, as the South African mining equipment maker expands globally.

Oluwatosin Alao Oluwatosin Alao
South African asset manager Ninety One profit.
BusinessHot News

Ninety One takes stake worth $474 million in Sibanye-Stillwater

Ninety One acquires a $473.8 million stake in Sibanye-Stillwater, crossing 5% as the miner reports record H1 earnings and stronger finances.

Feyisayo Ajayi Feyisayo Ajayi
SunBet Namibia launch
BusinessHot NewsTourism

Sun International’s interim profit falls to $45 million in H1 2026

Sun International’s interim profit fell to $45 million in 2026 despite revenue growth, as investment and inflation pressured margins overall.

Feyisayo Ajayi Feyisayo Ajayi
Kropz
BusinessGlobal News

Kropz restructures South Africa phosphate operation amid Middle East pressure

Kropz is restructuring its South African phosphate operation after weak prices and rising costs pushed Elandsfontein deeper into financial pressure.

Oluwatosin Alao Oluwatosin Alao
Show More