Vukile Property Fund share awards
BusinessHot News

Vukile Property Fund CEO Laurence Rapp, top brass unlock about $8 million in share awards 

Vukile Property Fund executives unlock about $8 million in share awards as conditional plan vests, with tax-linked disposals and future…

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam
BusinessHot News

Egyptian tycoon Hassan Allam’s group expands Saudi portfolio with Waldorf Astoria Diriyah project

Hassan Allam Holding expands Saudi Arabia footprint with Diriyah Waldorf Astoria project, boosting giga-project construction pipeline in Riyadh

Feyisayo Ajayi Feyisayo Ajayi
Solar panels
Hot NewsBusiness

Botswana secures $100 million for major solar project to power Southern Africa

Rand Merchant Bank, a unit of FirstRand, acted as the lead arranger for the project.

Omokolade Ajayi Omokolade Ajayi
South Africa's richest man Johann Rupert
BillionairesBusinessHot News

South Africa’s richest man Johann Rupert loses $100 million as Richemont shares retreat

Earlier this month, a buying surge in Richemont shares lifted Rupert’s net worth to $20.4 billion.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Modupe Kadri.
Hot NewsBusiness

After 3-day spree, MTN Nigeria CFO Modupe Kadri boosts stake to $1.72 million

Combined, the purchases amounted to 1,589,041 shares acquired over three consecutive trading days at a total cost of N1.26 billion…

Omokolade Ajayi Omokolade Ajayi
Western Cape biggest farms
BusinessHot News

10 largest farms in Western Cape, South Africa

Western Cape farms punch above size, driving exports through irrigation, fruit, wine and high-value agricultural output.

Feyisayo Ajayi Feyisayo Ajayi
Vedanta
BusinessHot News

ZCCM says Vedanta IPO plans to accelerate $2.7 billion Zambia copper expansion

ZCCM says Vedanta’s planned CopperTech IPO could speed up a $2.7 billion Konkola Copper Mines expansion in Zambia by several…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
BillionairesBusinessHot News

Nigerian businessman Ladi Jadesimi set for $3.9 million Aradel dividend

Based on Aradel’s proposed final dividend, he is expected to receive N5.29 billion ($3.9 million) when the company pays shareholders…

Omokolade Ajayi Omokolade Ajayi
Valu, Egypt's fintech
BusinessHot News

Fintech giant Valu gets $12 million loan to expand green consumer financing in Egypt

Valu, EFG Holding unit, secured a $12 million EBRD loan to expand green consumer financing for energy-efficient goods in Egypt…

Feyisayo Ajayi Feyisayo Ajayi
Allan Gray ARM stake
BusinessHot News

Allan Gray’s African Rainbow Minerals stake now worth $116.8 million

Allan Gray’s $116.8 million ARM stake reflects steady confidence despite volatility and a slight trim in its mining investment position.

Feyisayo Ajayi Feyisayo Ajayi
Phillip Tobias African Rainbow Minerals
BusinessHot News

Phillip Tobias: Mining engineer steering Patrice Motsepe’s $2.3 billion African Rainbow Minerals

Phillip Tobias leads African Rainbow Minerals, steering strategy and operations through commodity volatility and profit pressures.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBillionairesBusiness

GTBank co-founder Fola Adeola eyes $4 million dividend from Nigerian energy giant Aradel

The proposed payout forms part of a final dividend distribution of N99.93 billion ($73.4 million) to shareholders.

Omokolade Ajayi Omokolade Ajayi
South Korea’s Hyundai Rotem.
Hot NewsBusiness

Hyundai Rotem wins $487 million deal to maintain Morocco’s electric train fleet

The deal covers the full 440-car fleet Hyundai Rotem is delivering to Morocco’s national rail operator, ONCF.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Rasik Kantaria
Hot NewsBusiness

Kenyan banker Rasik Kantaria to get $4.9 million dividend from Mauritius-based lender FMBcapital

Together with an interim dividend of $1.57 million paid earlier in the year, Kantaria’s total dividend for the period will…

Omokolade Ajayi Omokolade Ajayi
Port of Cape Town
BusinessHot News

Port of Cape Town ranks last globally, sparking urgent privatization push

While other ports in the national network show signs of progress through new partnerships, Cape Town continues to lag because…

Omokolade Ajayi Omokolade Ajayi
Beninese-Gabonese oil mogul Samuel Dossou-Aworet.
BillionairesBusinessHot News

Beninese-Gabonese oil mogul Samuel Dossou-Aworet buys Aradel shares worth $221 million

The transaction, valued at N300.6 billion ($221 million), represents a 3.95 percent stake in the company.

Omokolade Ajayi Omokolade Ajayi
Heriot REIT Katleho acquisition
BusinessHot News

Heriot REIT to acquire 75% stake in Katleho Property Investments in $7.84 million deal

Heriot REIT to acquire 75% of Katleho Property Investments in $7.84 million deal, expanding income-generating office assets portfolio.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Mouton stake exceeds $2 billion
BusinessHot News

South African billionaire Jannie Mouton’s Capitec stake exceeds $2 billion

Mouton family’s Capitec stake tops $2 billion as share rally boosts value and investor confidence on Johannesburg Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi
Zeder asset disposal strategy
BusinessHot News

PSG arm Zeder exits eight assets in six years as it shifts to “harvesting” mode

Zeder exits eight assets in six years, raising R11.09 billion ($675 million) as it shifts from expansion to harvesting and…

Feyisayo Ajayi Feyisayo Ajayi
Prosus N.V
TechnologyBusinessHot News

Prosus projects 28% profit surge on Tencent, e-commerce gains

Prosus said core headline earnings per share from continuing operations are expected to rise between 19 percent and 28 percent.

Omokolade Ajayi Omokolade Ajayi
Abu Galoum Nature Reserve
TourismHot News

Egypt enforces tourism limits at Dahab’s popular Abu Galoum reserve

Egypt enforces Dahab tourism rules to safeguard coral ecosystems.

Antonie Delaporte, Founder and Managing Director Adenia Partners.
BusinessHot News

Antoine Delaporte’s Adenia hits $180 million first close, unveils first investment

Adenia Partners hits $180 million at the first close of its Adenia Entrepreneurial Fund I and announces its first investment.

Lloyds Banking Group
BusinessHot News

Lloyds Banking Group considers Aldermore bid as South Africa’s FirstRand plans exit

Lloyds Banking Group explores an Aldermore acquisition as FirstRand seeks a UK exit amid motor finance risks.

Timilehin Adejumobi Timilehin Adejumobi
Vukile Property Fund share awards
BusinessHot News

Vukile Property Fund CEO Laurence Rapp, top brass unlock about $8 million in share awards 

Vukile Property Fund executives unlock about $8 million in share awards as conditional plan vests, with tax-linked disposals and future grants.

Feyisayo Ajayi Feyisayo Ajayi
Envision Energy
BusinessHot News

Envision Energy expands Africa footprint with South Africa office launch

Envision Energy Africa Expansion accelerates as the green technology leader opens a Cape Town office to support renewable energy growth.

Timilehin Adejumobi Timilehin Adejumobi
Hassan Allam
BusinessHot News

Egyptian tycoon Hassan Allam’s group expands Saudi portfolio with Waldorf Astoria Diriyah project

Hassan Allam Holding expands Saudi Arabia footprint with Diriyah Waldorf Astoria project, boosting giga-project construction pipeline in Riyadh

Feyisayo Ajayi Feyisayo Ajayi
Spiro Electric Bike
BusinessHot News

African electric mobility firm Spiro lands $270 million to expand across Africa

African electric mobility firm Spiro secures $270 million to expand EV production, battery swapping and energy networks.

Timilehin Adejumobi Timilehin Adejumobi
Solar panels
Hot NewsBusiness

Botswana secures $100 million for major solar project to power Southern Africa

Botswana secures $100 million for its first major solar plant, boosting regional cross-border energy trading across southern Africa.

Omokolade Ajayi Omokolade Ajayi
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