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Thousands of jobs at risk as South Africa’s Tongaat Hulett faces liquidation

Thousands of jobs are at risk as South African sugar producer Tongaat Hulett faces liquidation after a failed $737 million…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s richest man Johann Rupert gains $900M; net worth rises to $19.1B

South Africa’s Johann Rupert sees fortune rebound by $900 million, lifting his net worth to $19.1 billion amid Richemont stock…

Omokolade Ajayi Omokolade Ajayi
IHS Towers sells Brazilian fiber stake
Hot NewsTechnology

IHS Towers sells Brazilian fiber network to TIM for $453 million

IHS Towers exits Brazil fiber market, selling $453 million I-Systems stake to TIM, boosting FTTH expansion and shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
CIC sells prime land to strengthen liquidity
BusinessHot News

CIC Group raises $14 million from Kenya land sales, boosting liquidity

CIC Group raises $13 million from Tatu City, Kajiado land sales, boosting liquidity and strengthening balance sheet resilience.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Foreign investors targeted for $2B Kenya Airways rescue as Ethiopian Airlines posts $4.4B revenue

Kenya Airways plans $2 billion investment; Ethiopian Airlines reports $4.4 billion revenue, growing passenger and cargo operations.

Omokolade Ajayi Omokolade Ajayi
Kenya AFCON 2027 hosting fee
Hot NewsSports

Kenya races to secure $30 million AFCON 2027 hosting fee amid budget pressures 

Kenya faces pressure to release $30 million AFCON 2027 hosting fee as budget cuts threaten its co-hosting role.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Dangote Refinery attains full capacity, targets 75 million liters daily

Dangote Refinery hits 650,000 barrels per day and targets 75 million liters daily, strengthening Nigeria’s fuel supply and energy security.

Omokolade Ajayi Omokolade Ajayi
10 biggest retailers in Zimbabwe
BusinessHot News

15 biggest retailers in Zimbabwe

Zimbabwe’s biggest retailers anchor urban commerce despite currency shocks, inflation spikes and shifting consumer demand.

Feyisayo Ajayi Feyisayo Ajayi
Egypt healthcare stocks EGX
BusinessHot News

Top 15 most valuable health care and pharmaceutical companies on Egyptian Exchange

Egypt’s 15 most valuable healthcare and pharmaceutical stocks on the Egyptian Exchange, ranked by market value.

Feyisayo Ajayi Feyisayo Ajayi
Top 15 brokerage firms Egypt
BusinessHot News

Top 15 brokerage firms by value traded on Egyptian Exchange

Top 15 brokers drive Egypt’s trading surge, executing EGP12.5 billion as retail and foreign investors reshape the Egyptian Exchange.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Capitec edges FirstRand to become Africa’s most valuable bank as earnings seen up to 25%

Capitec Bank becomes Africa’s top bank as shares rise and earnings are expected to jump 25 percent.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Ethiopian Airlines, Africa’s largest carrier, posts $4.4 billion revenue in H1 2026

Africa’s largest carrier reports $4.4 billion revenue in H1 2026, with strong passenger and cargo growth despite operational challenges.

Omokolade Ajayi Omokolade Ajayi
El Ezaby Pharmacies IPO
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.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Naivas, Kenya’s largest retail chain, gets $1.03 million for 2025 protest losses

Naivas receives $1.03 million from CIC Insurance for 2025 protest losses, underscoring rising costs for Kenya’s largest supermarket chain.

Omokolade Ajayi Omokolade Ajayi
Adrian Gore net worth
BusinessHot News

Discovery co-founder Adrian Gore gains nearly $40 million from stock rally

Discovery co-founder Adrian Gore gains nearly $40 million as shares rally, pushing his net worth toward $700 million.

Feyisayo Ajayi Feyisayo Ajayi
lithium concentrate production
BusinessHot News

European Investment Bank funds Namibia lithium expansion at Uis Mine with $2.4 million

EIB backs Andrada Mining with $2.4 million to advance Namibia’s Uis lithium expansion, boosting EU battery supply ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest hotel chain owners
Hot NewsLuxury

20 of Africa’s richest hotel chain owners in 2026

Africa’s richest hotel chain owners are building multibillion-dollar hospitality empires across luxury, business and eco-tourism markets.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Jumia posts $818.6 million merchandise sales in 2025

Jumia records $818.6 million in 2025 merchandise sales, boosting revenue and narrowing losses as Africa’s top e-commerce platform grows.

Omokolade Ajayi Omokolade Ajayi
Kenya’s women redefining private sector power
BusinessHot News

20 Kenyan firms and the multi-millionaire women behind them

Kenya’s top women entrepreneurs are reshaping banking, manufacturing, healthcare and energy with scalable, impact-driven firms.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Dangote Petroleum Refinery lowers petrol prices by 3% despite global oil squeeze

Dangote Petroleum Refinery cuts petrol prices by 3 percent to N774 per liter, undercutting imports amid global supply tensions.

Omokolade Ajayi Omokolade Ajayi
Kiniero gold site, Guinea
BusinessHot News

Robex Resources hits commercial milestone at Guinea gold project

Guinea’s Kiniero project enters the commercial phase after first shipment.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Thousands of jobs at risk as South Africa’s Tongaat Hulett faces liquidation

Thousands of jobs are at risk as South African sugar producer Tongaat…

Omokolade Ajayi Omokolade Ajayi
Chevron refineries as seen on the company site
BusinessHot News

Chevron wins Libya onshore oil exploration bid    

Chevron secures Libya’s Contract Area 106 to explore oil in the Sirte…

Timilehin Adejumobi Timilehin Adejumobi
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