JP Morgan
BusinessHot News

JP Morgan raises Clicks stake to 5.47% amid 34% year-to-date share price decline

JP Morgan raises Clicks stake to 5.47% despite a 34% share price decline, signaling confidence in South Africa’s leading healthcare…

Feyisayo Ajayi Feyisayo Ajayi
Sterling Financial Holdings Company Plc
Hot NewsBusiness

Nigeria’s Sterling Holdco sees H1 profit surge to $37 million on strong lending

Gross earnings rose to N279.6 billion ($205.1 million) from N212.61 billion ($156 million) a year earlier, reflecting stronger business activity…

Omokolade Ajayi Omokolade Ajayi
World’s richest Black person Aliko Dangote
BusinessHot News

Africa’s richest man Aliko Dangote’s Dangote Cement posts $470 million half-year profit as African exports jump

The Lagos-listed cement producer also recorded broad-based growth across its operations.

Omokolade Ajayi Omokolade Ajayi
TotalEnergies
BusinessHot News

Namibia approves TotalEnergies Mopane deal, expands Orange Basin oil push

Namibia approves TotalEnergies’ 40% Mopane stake, boosting Orange Basin expansion and advancing Venus project toward final investment decision.

Feyisayo Ajayi Feyisayo Ajayi
Seplat
BusinessHot News

Seplat Energy to sell 10% stake in NNPCL joint venture for $281.6 million

Seplat Energy signs $281.6 million deal to sell 10% stake in NNPCL joint venture, targeting debt reduction and enhanced shareholder…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian executive Owen Omogiafo
BusinessBillionairesHot News

Nigerian executive Owen Omogiafo buys 1.9 million shares of Transcorp Group

The filing showed the purchases were executed over two trading days on the NGX.

Omokolade Ajayi Omokolade Ajayi
Ethiopian Airlines Group.
Hot NewsBusiness

Africa’s top carrier, Ethiopian Airlines, hits $9.1 billion revenue as passenger traffic jumps

The state-owned carrier handled 20.7 million passengers during the 12-month period — a 10 percent increase.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

Africa’s first Black billionaire, Patrice Motsepe, loses $1 billion in stock slump

The decline reflects the performance of the two listed mining companies that account for most of Motsepe’s wealth.

Omokolade Ajayi Omokolade Ajayi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Standard Bank processes $1.2 billion in Yuan payments as Africa-China trade surges

Standard Bank processed $1.2 billion in yuan via CIPS, signaling rising Africa-China trade and reduced reliance on dollar settlements.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Africa’s richest man Aliko Dangote’s seasoning business posts $14.4 million half-year profit

The company posted profit after tax of N19.6 billion ($14.4 million) for the six months ended June 30, up 26…

Omokolade Ajayi Omokolade Ajayi
Catherine Nwosu
Hot NewsBusiness

Africa Prudential reinforces growth, digital strategy at H1 2026 investor call

During the session, management reviewed the company's financial performance for the first half of 2026, reporting broad-based growth across its…

Omokolade Ajayi Omokolade Ajayi
South African property investment company Putprop Limited.
BusinessHot News

Putprop secures extension to finalize two major property sales

Putprop wins JSE extension to finalize circular for major property deals, delaying shareholder document to Aug. 21, 2026.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
BusinessHot News

Peter Ashade-led United Capital grows half-year profit to $15.5 million, declares interim dividend

Profit before tax rose 80 percent year on year to N24.78 billion ($18.2 million) in the six months ended June…

Omokolade Ajayi Omokolade Ajayi
Moroccan billionaire Othman Benjelloun
BusinessBillionairesHot News

Moroccan billionaire Othman Benjelloun’s Bank of Africa seals deal to expand funding across Africa

Beyond financing, the partnership also includes business matching, training, market intelligence, and promotional activities.

Omokolade Ajayi Omokolade Ajayi
MTN mobile money separation Ghana
BusinessHot News

Clydestone Ghana sues MTN over Mobile Money intellectual property misuse

Clydestone Ghana sues MTN entities, alleging unauthorized use of proprietary mobile money IP and frameworks developed since 2007.

Feyisayo Ajayi Feyisayo Ajayi
ArcelorMittal South Africa is located at Delfos Boulevard in Vanderbijlpark, South Africa
BusinessHot News

ArcelorMittal South Africa flags deeper losses in H1 2026 update

ArcelorMittal South Africa warns of deeper H1 2026 losses as EPS and HEPS decline sharply amid weak demand and persistent…

Feyisayo Ajayi Feyisayo Ajayi
South African asset manager Ninety One profit.
BusinessHot News

Ninety One’s stake in Remgro tops $300 million

Ninety One raises its Remgro stake above $300 million, strengthening its position among top shareholders in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
African banks with most branches
BusinessHot News

Standard Bank backs Tolaram with term financing after Guinness Nigeria deal

Standard Bank refinances Tolaram’s Guinness Nigeria deal with term financing, shifting from bridge funding to long-term capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
Ibrahim Sagna African investment strategy
BusinessHot News

Ibrahim Sagna hails Fatima Dangote after Africa’s largest $2.5 billion private placement

Dangote refinery raises $2.5 billion in record private placement, drawing strong praise from investor including Ibrahim Sagna ahead of planned…

Feyisayo Ajayi Feyisayo Ajayi
Ali Dayekh
BusinessHot News

Meet Egypt’s businessman, Ali Dayekh, with shares worth over $150 million on EGX

Egypt's businessman, Ali Dayekh holds over $150 million in EGX shares, with major stakes in banking, distribution, and investment firms.

Feyisayo Ajayi Feyisayo Ajayi
South Africa's ghost mall
BusinessLuxury

South Africa’s ‘ghost mall’ gets new life after 16 years of delays

South Africa's ghost mall may finally reopen as Nova seeks investors to complete Pretoria's stalled $45 million project.

Rwanda and The Gambia have emerged as clear pace-setters.
BusinessTourism

Rwanda, Gambia take lead in Africa’s intra-travel drive

At a Glance Africa’s long-running effort to make it easier for its people to move across borders is gaining renewed focus, as countries look inward for growth in an uncertain global economy. Travel within the continent, once slowed by visas and paperwork, is increasingly seen as a practical way to support trade, tourism and jobs.  Against that backdrop, Rwanda and…

African private equity
BusinessHot News

Nigerian tycoon Temitope Lawani’s Helios H1 2026 revenue hits $466 million as profit declines

Nigerian-backed Helios Towers reports $466.3 million revenue in H1 2026, but profit falls to $21.7 million as finance costs and FX pressures weigh.

Feyisayo Ajayi Feyisayo Ajayi
Egypt Air
BusinessHot News

Egypt, Mozambique boost Africa air travel with new aviation partnership

Egypt-Mozambique aviation partnership strengthens Africa air travel through safety, training and regional aviation cooperation.

Timilehin Adejumobi Timilehin Adejumobi
JP Morgan
BusinessHot News

JP Morgan raises Clicks stake to 5.47% amid 34% year-to-date share price decline

JP Morgan raises Clicks stake to 5.47% despite a 34% share price decline, signaling confidence in South Africa’s leading healthcare retailer.

Feyisayo Ajayi Feyisayo Ajayi
Sterling Financial Holdings Company Plc
Hot NewsBusiness

Nigeria’s Sterling Holdco sees H1 profit surge to $37 million on strong lending

Sterling Holdco's first-half profit rose to $37 million as lending growth, deposits and assets strengthened earnings.

Omokolade Ajayi Omokolade Ajayi
World’s richest Black person Aliko Dangote
BusinessHot News

Africa’s richest man Aliko Dangote’s Dangote Cement posts $470 million half-year profit as African exports jump

Dangote Cement reports a $470 million half-year profit driven by a 62 percent surge in African exports and stronger regional sales.

Omokolade Ajayi Omokolade Ajayi
Japan to invest $34 million in Namibia rare earth project
BusinessGlobal News

Japan to invest $34 million in Namibia rare earth project

Japan and Namibia advance a rare earth project as Toyota Tsusho and JOGMEC seek new mineral supplies for EVs and high-tech industries.

Oluwatosin Alao Oluwatosin Alao
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