Mantengu
BusinessHot News

Mantengu Mining moves to sell Sublime Technologies after Eskom tariff delay

Mantengu Mining plans to sell Sublime Technologies after Eskom tariff delays made operations financially unsustainable.

Feyisayo Ajayi Feyisayo Ajayi
Barry Stuhler
BusinessHot News

South African-born tycoon Barry Stuhler retires from Resilient board after decades in property

South African-born property tycoon Barry Stuhler retires from Resilient’s board after decades shaping the country’s listed real estate sector.

Feyisayo Ajayi Feyisayo Ajayi
Emmanuel Nnorom
BusinessHot News

UBA welcomes Emmanuel Nnorom as new chair after Tony Elumelu’s 12-year tenure

UBA appoints Emmanuel Nnorom as Group Chairman after Tony Elumelu retires, bringing four decades of banking and corporate leadership experience.

Feyisayo Ajayi Feyisayo Ajayi
Tharina Botes
EntertainmentHot News

Tharina Botes: South African-born model crowned Miss Universe Thailand 2026

South African-born Tharina Botes wins Miss Universe Thailand 2026 after a decade in pageantry, earning a place at the global…

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s Efora Energy faces liquidation as JSE suspends shares
BusinessHot News

Efora Energy avoids provisional liquidation as South African court strikes application

Efora Energy avoids provisional liquidation after a South African court strikes Seodi Coal’s application, but funding challenges remain unresolved.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian mobility company Swvl Holdings Corp
BusinessHot News

Egypt’s Swvl raises $13 million in investment led by Sawiris-backed Coefficient

Coefficient will invest $10 million in the offering, while an existing Swvl shareholder will invest another $3 million.

Omokolade Ajayi Omokolade Ajayi
Mashale Phumaphi
BusinessHot News

Meet Mashale Phumaphi: Botswana investment banker behind Shumba Energy’s rise

Mashale Phumaphi built Shumba Energy from a coal venture into a diversified power business and now leads Botswana’s renewable-energy push…

Feyisayo Ajayi Feyisayo Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN considers banking licences to take on lenders across Africa

Until now, MTN has relied on commercial banks to fund the loans it distributes to phone users. That middleman model…

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessBillionairesHot News

Aliko Dangote’s refinery sets record as Nigerian fuel exports to Europe rise 767%

That represents a steep climb from 40,000 barrels a day in 2025 and just 15,000 barrels a day in 2023.

Omokolade Ajayi Omokolade Ajayi
Sadek El-Sewedy dividend
BusinessHot News

Egyptian businessman Sadek El-Sewedy’s stake in Elsewedy Electric nears $1.4 billion

Egyptian businessman Sadek El-Sewedy’s Elsewedy Electric stake nears $1.4 billion after shares surge more than 60% on the Egyptian Exchange.

Feyisayo Ajayi Feyisayo Ajayi
Kenya Airways lawsuit financial crisis
Hot NewsBusiness

Kenya Airways loss widens to $124 million in H1 2026 as fuel costs surge

Kenya Airways’ H1 2026 loss widened to $124 million as fuel costs, supply constraints and reduced fleet capacity further pressured…

Feyisayo Ajayi Feyisayo Ajayi
South African business leaders Noluthando Gosa and Mcebisi Jonas
BusinessHot News

Noluthando Gosa, Mcebisi Jonas-led NtisoAkhona takes stake in $40 billion trust firm

The deal also supports Apex Group’s Black ownership commitments in South Africa, one of its key markets.

Omokolade Ajayi Omokolade Ajayi
Hakeem Belo-Osagie
BusinessExclusiveHot News

Hakeem Belo-Osagie: Nigerian tycoon who ranked among Africa’s richest with a $600 million fortune in 2014

His broad commercial footing reflects the standing of an investor whose net worth rose to $600 million in 2014.

Omokolade Ajayi Omokolade Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopia’s richest man, Mohammed Al Amoudi, adds $100 million to his fortune

The latest increase comes just 26 days after Al Amoudi’s wealth climbed back above $10 billion.

Omokolade Ajayi Omokolade Ajayi
GoldFields
Hot NewsBusiness

Gold Fields profit surges to $1.9 billion in H1 2026 as shareholder returns rise

Gold Fields’ H1 2026 profit jumped 81% to $1.85 billion as higher gold prices, stronger production and shareholder returns boosted…

Feyisayo Ajayi Feyisayo Ajayi
The Central Bank of Nigeria.
BusinessHot News

Nigeria’s foreign reserves surge past $52 billion, easing naira pressure

The latest balance reflects a 15.6 percent gain in under eight months, up from $45.57 billion on Jan. 2, according…

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

South Africa’s Foschini Group eyes job cuts, store closures in major overhaul

Whether the cuts will reach Foschini Group’s clothing and furniture factories remains unclear.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN backs midterm targets with $374 million buyback as core cash holds up

MTN is leaning into its core African footprint as trouble in non-core units weighs on the bottom line.

Omokolade Ajayi Omokolade Ajayi
ADvTECH
BusinessHot News

AdvTech posts $316 million revenue as enrolments near 120,000

AdvTech’s revenue rose 8% to $316 million as enrolments climbed 13% to nearly 120,000, driven by strong growth across education…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

After pocketing over $20 million, Tony Elumelu eyes another $14 million dividend from Seplat Energy

The leading businessman and philanthropist received $10.8 million from his stake in Seplat Energy on June 19, taking his dividend…

Omokolade Ajayi Omokolade Ajayi
Johannesburg, South Africa.
BusinessExclusiveHot News

Top 10 Countries with The Biggest Economies in Africa

At a Glance When the conversation turns to the top economies in Africa—or the world—the focus often falls on Gross Domestic Product (GDP), a measure that captures the sum of a nation's consumption, investment, and net exports. GDP figures offer a snapshot of economic size, and on this scale, nations like Egypt, South Africa, Nigeria, Algeria, Morocco, and Ethiopia lead…

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.

Mantengu
BusinessHot News

Mantengu Mining moves to sell Sublime Technologies after Eskom tariff delay

Mantengu Mining plans to sell Sublime Technologies after Eskom tariff delays made operations financially unsustainable.

Feyisayo Ajayi Feyisayo Ajayi
Zimbabwe expands lithium export quota for Sinomine
BusinessGlobal News

Zimbabwe expands lithium export quota for Sinomine

Zimbabwe gives Sinomine an extra 300,000-ton lithium export quota as the country prepares to ban concentrate exports from 2027.

Oluwatosin Alao Oluwatosin Alao
Barry Stuhler
BusinessHot News

South African-born tycoon Barry Stuhler retires from Resilient board after decades in property

South African-born property tycoon Barry Stuhler retires from Resilient’s board after decades shaping the country’s listed real estate sector.

Feyisayo Ajayi Feyisayo Ajayi
Emmanuel Nnorom
BusinessHot News

UBA welcomes Emmanuel Nnorom as new chair after Tony Elumelu’s 12-year tenure

UBA appoints Emmanuel Nnorom as Group Chairman after Tony Elumelu retires, bringing four decades of banking and corporate leadership experience.

Feyisayo Ajayi Feyisayo Ajayi
ETG's Office Building
BusinessHot News

ETG lands $600 million loan to boost African agriculture

ETG $600 million loan expands agricultural finance, supporting African farmers, food supply chains and sustainable agribusiness.

Timilehin Adejumobi Timilehin Adejumobi
NBC partners with DSE to launch digital trading platform in Tanzania
BusinessGlobal News

NBC partners with DSE to launch digital trading platform in Tanzania

NBC has linked its mobile banking platform with Tanzania’s DSE, allowing users to buy and sell listed shares directly from their phones.

Oluwatosin Alao Oluwatosin Alao
Show More