Naspers Limited, the Cape Town-based group chaired by Koos Bekker.
TechnologyBusinessHot News

South African giant Naspers forecasts 28% earnings jump on e-commerce growth

The company guided that core headline earnings per share could rise between 20.8 percent and 27.8 percent.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe’s richest man Strive Masiyiwa.
BillionairesBusinessHot News

Zimbabwe’s richest man Strive Masiyiwa shares lesson from failed Nigerian investment pitch

The investor’s response left a lasting mark. What appears simple from the outside, he said, often reflects years of experience,…

Omokolade Ajayi Omokolade Ajayi
NCBA model
BusinessHot News

How African entrepreneurs can build a car business empire using NCBA’s vehicle model

African entrepreneurs can build scalable auto empires with NCBA model by controlling financing, resale, and distribution across the full vehicle…

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

Patrice Motsepe, Africa’s first Black billionaire, rebounds after $800 million drop

The gain trims part of an earlier slide that saw his fortune come under pressure over several months.

Omokolade Ajayi Omokolade Ajayi
Datatec Westcon refinancing
BusinessHot News

Datatec to pay out $434 million after $400 million Westcon refinancing deal

Datatec will return $434 million to shareholders after raising $400 million via Westcon refinancing with General Atlantic deal.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola takes First HoldCo shares worth over $30 million at nearly 40% discount

Otedola acquired 672.9 million shares of First HoldCo Plc, paying N29.6 billion ($21.8 million), further consolidating his position as the…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Mauritius’ Zafiri launches $176 million vehicle to expand energy access across sub-Saharan Africa

Zafiri launches a $176 million platform to expand electricity access across sub-Saharan Africa through distributed renewable energy investments.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya stake increase
BusinessHot News

Absa Group targets additional 16.5% stake in Absa Kenya in $240 million deal

Absa Group will spend $240 million to lift its stake in Absa Kenya to 85%, intensifying East Africa banking competition…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian executive Modupe Kadri.
Hot NewsBusiness

MTN Nigeria CFO Modupe Kadri lifts stake past $1.5 million with new share buy

The latest transactions increased Kadri’s total holdings in MTN Nigeria from 1,341,468 shares as of Dec. 31, 2025, to 2,655,200…

Omokolade Ajayi Omokolade Ajayi
Castellana Properties earnings
BusinessHot NewsLuxury

Vukile’s Castellana Properties posts record $193 million profit as Iberian portfolio tops $2.5 billion

Castellana Properties, Vukile’s Spanish arm, posts record $193 million profit as Iberian portfolio surpasses $2.5 billion in assets, driven by…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

South African billionaire Christo Wiese’s Brait plots Virgin Active IPO in $152 million public market push

The move marks a fresh phase in a long-running effort to reduce leverage across the portfolio while preparing its most…

Omokolade Ajayi Omokolade Ajayi
The Central Bank of Nigeria.
Hot NewsBusiness

Oil exports lift Nigeria’s current account surplus to $4.98 billion in Q1 2026

The Central Bank of Nigeria said the improvement reflected higher export earnings and reduced import pressure in the energy trade.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Nancy Njau.
Hot NewsBusiness

Investors eye gains as Kenyan banker Nancy Njau leads Family Bank to $230 million listing

The move will position the lender as the eleventh-largest bank by market value on the local bourse and hand immediate…

Omokolade Ajayi Omokolade Ajayi
Absa Bank Uganda asset sale ruling
BusinessHot News

Absa Bank Uganda cleared to sell Boss Beverages assets over $5.5 million debt

Absa Bank Uganda wins court approval to sell Boss Beverages assets, ending eight-year dispute over $5.5 million loan default.

Feyisayo Ajayi Feyisayo Ajayi
Chris Otto
BusinessHot News

Capitec founding director Chris Otto to retire after AGM next month

Capitec founding director Chris Otto will retire after AGM on July 31, 2026, ending a 25-year era at South Africa’s…

Feyisayo Ajayi Feyisayo Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBusiness

Africa’s richest man Aliko Dangote’s refinery cuts petrol, diesel, jet fuel prices

The latest reductions came as crude prices retreated after signs of easing tensions between the United States and Iran.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe's Parliament building
Hot NewsBusiness

Zimbabwe hikes minimum wage by 80% as new gold-backed currency steadies

The new policy increases the unclassified monthly minimum wage to $270 from $150.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Khalifa Biobaku.
Hot NewsBusiness

Nigerian executive Khalifa Biobaku exits UAC of Nigeria with $6.2 million share sale

Biobaku, through Dalio Property Development Company, sold his remaining 45,197,311 shares, representing a 1.54 percent stake in UAC of Nigeria.

Omokolade Ajayi Omokolade Ajayi
Standard Bank's office in South Africa.
Hot NewsBusiness

Standard Bank eyes $15.4 billion growth market as African trade expands

The group aims to capture this growth to drive earnings through 2028.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Tullow Oil, partly owned by Beninese-Gabonese billionaire, secures $1.3B debt reprieve

Tullow Oil, partly owned by Beninese-Gabonese oil billionaire Samuel Dossou-Aworet, secures $1.3 billion debt relief to stabilize operations.

ZED FC
SportsHot News

From street to stadium: Africa’s hidden football academies

Operating from urban alleys and rural pitches to high-tech training centers, these academies are transforming raw street talent into international stars.

Platinum
BusinessHot News

Unpaid export earnings hit $228 million for Zimbabwe platinum producers

Zimbabwe Platinum Producers are owed $228 million in export earnings, raising liquidity concerns and investor risks.

Timilehin Adejumobi Timilehin Adejumobi
Naspers Limited, the Cape Town-based group chaired by Koos Bekker.
TechnologyBusinessHot News

South African giant Naspers forecasts 28% earnings jump on e-commerce growth

Naspers expects up to 28 percent earnings growth as e-commerce strength and global internet investments boost profitability across key markets.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe’s richest man Strive Masiyiwa.
BillionairesBusinessHot News

Zimbabwe’s richest man Strive Masiyiwa shares lesson from failed Nigerian investment pitch

Strive Masiyiwa shares a vital lesson on investment discipline and personal satisfaction gained from a rejected telecom pitch in Nigeria.

Omokolade Ajayi Omokolade Ajayi
FMO to open office in Abidjan
BusinessHot News

FMO to open office in Abidjan, expanding West Africa presence     

FMO to open office in Abidjan as Dutch development bank expands West Africa operations, boosting investment and partnerships.

Timilehin Adejumobi Timilehin Adejumobi
BII and NSIA Banque Côte d’Ivoire agreement signing event
BusinessHot News

BII backs Côte d’Ivoire businesses with $34 million NSIA Banque loan

BII NSIA Banque Côte d’Ivoire Loan injects $34 million to expand SME financing, support women-led businesses and growth.

Timilehin Adejumobi Timilehin Adejumobi
NCBA model
BusinessHot News

How African entrepreneurs can build a car business empire using NCBA’s vehicle model

African entrepreneurs can build scalable auto empires with NCBA model by controlling financing, resale, and distribution across the full vehicle value chain.

Feyisayo Ajayi Feyisayo Ajayi
Show More