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Nigerian billionaire Tony Elumelu backs President Tinubu on youth, power reforms

Tony Elumelu meets President Tinubu, supporting youth entrepreneurship, power sector reforms, and economic growth in Nigeria.

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Africa power infrastructure
BusinessHot News

10 African countries with recent power projects to fix grid challenges

Africa tackles grid instability with over $15 billion in power projects, boosting renewables, hydro, gas, and transmission for industrial growth.

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BusinessHot News

IBL Group revenue hits $1.5 billion as regional diversification drives growth

IBL Group posts $1.5 billion revenue as regional diversification boosts profit and cuts net debt, driven by retail and overseas…

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BusinessHot News

Vukile targets more Spain, South Africa deals after $127 million Berceo mall buy

Vukile expands in Spain and South Africa after $127 million Berceo mall acquisition, targeting high-yield retail assets and strong tenants.

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BusinessHot News

Africa’s first Black billionaire recovers $100 million after $400 million drop

Africa’s first Black billionaire Patrice Motsepe rebounds $100 million after a $400 million drop, boosted by gold and mining stakes.

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10 richest Cameroonians business groups
BusinessHot News

Meet the 10 richest Cameroonians and their business empires

Cameroon’s richest tycoons built industrial empires spanning banking, telecoms, agriculture and food security across Central Africa.

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Free university education Namibia
ExclusiveHot News

How Namibia’s free university education challenges Africa

Namibia launches free university education in 2026, boosting youth skills, human capital, and long-term economic growth.

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Terrence Moolman Caxton shares gain
BusinessHot News

South African media tycoon Terrence Moolman gains $17 million from Caxton shares in 2026 rally

Terrence Moolman nets $17 million as Caxton & CTP Publishers shares rally on Johannesburg Stock Exchange, strengthening wealth and industry…

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Peregrine Capital Caxton stake
BusinessHot News

Peregrine Capital raises Caxton stake to $32.5 million in South Africa media bet

South Africa’s Peregrine Capital lifts stake in Caxton & CTP Publishers & Printers to $32.5 million, reinforcing confidence in media…

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Egypt largest pharmacy chains
BusinessHot News

Top 10 largest pharmacy chains in Egypt

Egypt’s largest pharmacy chains expand nationwide, modernizing healthcare retail and digital access across 110 million consumers.

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Hot NewsTechnology

Tencent AI setbacks in China wipe $8.26 billion off Naspers’ market cap

Naspers loses $8.26 billion in market value as Tencent’s AI setbacks deepen, dragging shares down 19.3 percent despite strong ecommerce…

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Cell C signals growth after JSE listing
Hot NewsTechnology

Cell C reports $355.8 million revenue in first interim results after JSE listing

Cell C posts $355.8 million interim revenue after JSE debut, signaling operational momentum amid restructuring and rising MVNO growth.

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BusinessHot News

Nigeria’s largest brewer returns to profit as revenue tops $1 billion

Nigerian Breweries returns to profit as revenue tops $1.08 billion, reversing prior losses and strengthening equity after debt cuts.

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Orascom Construction 2025 revenue
BusinessHot News

Orascom Construction revenue jumps 55% to $5.1 billion in 2025

Orascom Construction reports $5.1 billion 2025 revenue as backlog, profit and U.S. data center awards surge.

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BusinessHot News

Strive Masiyiwa, Zimbabwe’s richest man, rebuilds net worth to $1.5 billion

Strive Masiyiwa rebuilds wealth to $1.5 billion with AI, fintech, and renewable energy investments after a $500 million 2025 setback.

Omokolade Ajayi Omokolade Ajayi
Coty revenue decline H1 2026
Hot NewsLuxury

Coty posts $3.26 billion revenue in Sue Nabi’s final year

Coty revenue drops to $3.26 billion after Sue Nabi exit, driven by weaker demand and a 6% like-for-like decline.

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African women in mining
BusinessHot News

15 richest African women in mining industry

African women are reshaping mining, building billion-dollar mineral empires across gold, coal, diamonds and manganese.

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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 Hulett faces liquidation after a failed $737 million…

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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…

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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
BusinessHot News

Nigerian billionaire Tony Elumelu backs President Tinubu on youth, power reforms

Tony Elumelu meets President Tinubu, supporting youth entrepreneurship, power sector reforms, and…

Omokolade Ajayi Omokolade Ajayi
Africa power infrastructure
BusinessHot News

10 African countries with recent power projects to fix grid challenges

Africa tackles grid instability with over $15 billion in power projects, boosting…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

IBL Group revenue hits $1.5 billion as regional diversification drives growth

IBL Group posts $1.5 billion revenue as regional diversification boosts profit and…

Omokolade Ajayi Omokolade Ajayi
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