Vukile Property Fund results 2026
BusinessHot News

Vukile Property Fund profit hits 354 million on Europe retail expansion

Vukile Property Fund posts higher earnings and dividends, expands into Europe and Italy, driven by retail acquisitions and portfolio growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s Hyprop names Lucas Ndala to board amid Spar CEO transition

South Africa's Hyprop appoints Lucas Ndala, Oberholster to board as Spar CEO exit drives governance overhaul and strengthens investment oversight.

Feyisayo Ajayi Feyisayo Ajayi
IFC smart meter financing Rajasthan
Hot NewsGlobal News

IFC to fund $200 million smart meter rollout in Rajasthan, boosting India’s power grid

IFC proposes $200 million financing for Gemstar’s smart meters in Rajasthan, accelerating India’s power distribution overhaul.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam Egypt data center
Hot NewsBusinessTechnology

Hassan Allam plans $400 million Egypt Data Center expansion after license approval

Hassan Allam plans $400M Egypt data center after cloud license approval, boosting digital infrastructure and regional tech ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Clientèle buyout offer JSE delisting
BusinessHot News

South Africa’s Clientèle reaffirms buyout offer as delisting nears

Clientèle reaffirms R19.9 ($1.22) per share buyout as it advances JSE delisting, with tax considerations shaping final shareholder returns ahead…

Feyisayo Ajayi Feyisayo Ajayi
South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

South African billionaire Johann Rupert becomes second African to hit $20 billion

The move above the symbolic $20 billion mark follows a sharp advance in shares of Swiss luxury group Richemont.

Omokolade Ajayi Omokolade Ajayi
Lance Foxcroft, CEO of Italtile
BusinessHot News

Outgoing Italtile CEO Lance Foxcroft receives $1.2 million salary in 2025

Outgoing Italtile CEO earns $1.2 million in 2025 amid weak retail demand, margin pressure, and cautious South African consumers.

Timilehin Adejumobi Timilehin Adejumobi
Cape Town’s tourism sector held steady in 2025.
TourismBusinessHot News

Cape Town tourism holds steady as foreign visitors drive $1.5 billion in spending

Foreign arrivals carried much of the growth, both in volume and in how much visitors spent per trip.

Omokolade Ajayi Omokolade Ajayi
African billionaires who own superyachts
Hot NewsLuxury

5 African billionaires who own superyachts

African billionaires expand into superyachts, signaling global luxury reach, investment shift, and rising influence in elite maritime markets.

Feyisayo Ajayi Feyisayo Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusiness

Sim Tshabalala sees Standard Bank stake top $15 million ahead of 2027 retirement

Since the start of 2025, the stake has climbed from R219 million ($13.2 million), reflecting sustained investor confidence in the…

Omokolade Ajayi Omokolade Ajayi
Conoil Plc, the Lagos-based petroleum marketer.
Hot NewsBusiness

Nigeria’s Conoil profit jumps to $2.9 million in Q1 2026 on lower costs

The jump in earnings was largely driven by lower sales costs.

Omokolade Ajayi Omokolade Ajayi
Moroccan billionaire Anas Sefrioui
BillionairesBusinessHot News

Moroccan billionaire Anas Sefrioui’s net worth rises $100 million in 24 hours

At the center of the gain is Sefrioui’s 64.78 percent stake in Addoha, now valued at $1 billion.

Omokolade Ajayi Omokolade Ajayi
rail systems
BusinessHot News

10 notable heavy-haul rail systems across Africa

Across Africa, 15 heavy-haul rail systems move iron ore, coal and copper, powering export supply chains and driving mining economies…

Feyisayo Ajayi Feyisayo Ajayi
Ongwe Minerals Namibia gold exploration
BusinessHot News

Ongwe Minerals raises $15.4 million for Namibia gold exploration

Ongwe Minerals raises $15.4 million to accelerate Namibia gold exploration, with funding potentially exceeding $23 million.

Feyisayo Ajayi Feyisayo Ajayi
Tswalu Kalahari conservation reserve
Hot NewsTourism

Oppenheimer family’s Tswalu builds conservation legacy across South Africa’s largest private reserve

Oppenheimer family transforms Tswalu into South Africa’s largest private reserve, advancing conservation, biodiversity restoration and eco-tourism

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBusinessHot News

Pretoria-born trillionaire, Elon Musk, projects $1 trillion SpaceX revenue by 2030

Musk made the comment in a reply on X to journalist and financial commentator Jon Erlichman, putting a timeline on…

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

World Bank prepares $750 million loan to support Kenya’s fiscal reforms

This financing follows a larger $1.2 billion injection approved in May 2024 and marks the second phase of a three-part…

Omokolade Ajayi Omokolade Ajayi
Vodacom executive share awards
BusinessHot News

Vodacom CEO Aziz Joosub, top brass unlock over $5 million in share awards

Vodacom awarded over $5.01 million in share incentives to CEO Aziz Joosub and top executives under a three-year JSE-linked vesting…

Feyisayo Ajayi Feyisayo Ajayi
Neal Froneman DRA Global mining
BusinessHot News

Sibanye Stillwater’s former CEO, Neal Froneman, pivots to next frontier at DRA Global

Former Sibanye Stillwater CEO Neal Froneman becomes senior strategic adviser at DRA Global, shifting to mining strategy and project dev…

Feyisayo Ajayi Feyisayo Ajayi
Kenya forex losses tax ruling
BusinessHot News

Kenya’s Del Monte wins $2.1 million court ruling on forex loss tax deductions

Del Monte wins $2.1 million tax appeal as Kenya court allows forex losses from debt-to-equity conversions as deductible expenses.

Feyisayo Ajayi Feyisayo Ajayi
Africa fine dining restaurants
LuxuryHot News

20 stellar restaurants across Africa

Africa’s top fine-dining restaurants blend heritage, luxury and innovation, redefining global perceptions of the continent’s cuisine.

Ethiopia
BusinessHot News

Ethiopia opens $30 million cold storage hub to boost agricultural trade

Ethiopia opens $30 million cold storage hub in Addis Ababa to cut post-harvest losses, boost supply chains and improve agricultural trade efficiency.

Nedbank COO Mfundo Nkuhlu.
Hot NewsBusiness

Nedbank COO Mfundo Nkuhlu pockets $2.2 million in 2025 pay package

Nedbank COO Mfundo Nkuhlu’s 2025 pay totals R35.2 million ($2.2 million) as bonuses and stock awards decline despite steady bank performance.

Omokolade Ajayi Omokolade Ajayi
East African Development Bank
BusinessHot News

EADB loses $10 million Kenya bus service debt case after 23 years

EADB Kenya Bus Service Debt Case ends after 23 years as Kenya's High Court dismisses a $10 million debt recovery claim.

Timilehin Adejumobi Timilehin Adejumobi
Konkola Copper Mines
BusinessHot News

Vedanta’s Zambia unit eyes 300-MW coal power plant   

Vedanta Zambia 300MW coal power plant advances as KCM plans $317m facility to secure electricity for copper mining operations.

Timilehin Adejumobi Timilehin Adejumobi
Standard Bank Connect strengthens telecom ambitions with eSIM
TechnologyBusiness

Standard Bank Connect strengthens telecom ambitions with eSIM

Standard Bank Connect launches eSIM in South Africa to expand mobile services and reach 350,000 telecom customers.

Oluwatosin Alao Oluwatosin Alao
Tongaat Hulett
BusinessHot News

South Africa’s Tongaat Hulett seals Vision Group, IDC takeover deal

Tongaat Hulett takeover deal with Vision Group and IDC secures 250,000 jobs and supports the sugar giant's recovery.

Timilehin Adejumobi Timilehin Adejumobi
Vukile Property Fund results 2026
BusinessHot News

Vukile Property Fund profit hits 354 million on Europe retail expansion

Vukile Property Fund posts higher earnings and dividends, expands into Europe and Italy, driven by retail acquisitions and portfolio growth.

Feyisayo Ajayi Feyisayo Ajayi
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