LuxuryBusinessHot News

Transcorp Hilton Abuja adds padel courts as hotel expands leisure offering

The addition of the courts comes as Transcorp Hilton Abuja continues to expand its leisure and events offering.

Omokolade Ajayi Omokolade Ajayi
Ex-Airtel Africa CEO Segun Ogunsanya
Hot NewsBusiness

Ex-Airtel Africa CEO Segun Ogunsanya takes Vodacom board seat from Phuthi Mahanyele-Dabengwa

The change will also affect the composition of Vodacom’s board committees.

Omokolade Ajayi Omokolade Ajayi
Impala Platinum Holdings Ltd
BusinessHot News

South Africa’s Implats expects earnings to surge as PGM prices lift revenue

The improvement was driven primarily by gains in precious and base metal prices during the year.

Omokolade Ajayi Omokolade Ajayi
Alex Karp, the chief executive officer of Palantir Technologies
BillionairesBusinessHot News

Alex Karp set to become first US Black billionaire worth $20 billion as Palantir shares surge

Karp owns about 2.5 percent of Palantir through a combination of Class A, Class B and Class F shares.

Omokolade Ajayi Omokolade Ajayi
Cygnum Capital
BusinessHot News

Cygnum Capital’s Sub-Saharan African project targets $300 million for off-grid power

Cygnum Capital targets $300 million to expand off-grid renewable energy financing across Sub-Saharan Africa, with IFC proposing $50 million.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Khumo Shuenyane
BusinessHot News

South African executive Khumo Shuenyane to succeed Saki Macozoma as Vodacom chairman in 2027

Shuenyane will assume the chairmanship on July 21, 2027. The planned transition follows Vodacom’s self-imposed 10-year tenure for board members.

Omokolade Ajayi Omokolade Ajayi
Titan Fincap restructuring deal
BusinessHot News

South African billionaire Christo Wiese’s Shoprite sales hit $17 billion, opens 262 stores in one year

Shoprite sales reached $17 billion as Africa’s largest retailer added 262 stores and expanded digital commerce through Sixty60 in 2026.

Feyisayo Ajayi Feyisayo Ajayi
Northam credit boost renewable energy
BusinessHot News

South African PGM producer Northam Platinum posts $3.3 billion revenue in 2026

Northam Platinum reports record 2026 revenue of R54 billion, stronger PGM production, higher earnings and a 40% minimum dividend payout.

Feyisayo Ajayi Feyisayo Ajayi
Esther Koimett
BusinessHot News

Kenyan heiress Esther Koimett emerges as Middle East Bank’s largest shareholder with 17.48% stake

Esther Koimett inherited a 17.48% stake in Middle East Bank Kenya, becoming the lender’s largest disclosed individual shareholder.

Feyisayo Ajayi Feyisayo Ajayi
Mahamadou Bonkoungou
Hot NewsBusiness

Mahamadou Bonkoungou: Burkinabè tycoon who built a billion-dollar business empire through EBOMAF

Mahamadou Bonkoungou built EBOMAF from a Burkina Faso trading venture into a diversified African business group spanning construction, banking and…

Feyisayo Ajayi Feyisayo Ajayi
UK-based Zimbabweans became the country’s top senders.
Global NewsBusinessHot News

Diaspora Dollars: How UK-based Zimbabweans became the country’s top senders

Zimbabwe received $709.6 million from the UK, compared with $702.6 million from South Africa, a difference of less than $7…

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

Aliko Dangote plans $16 billion Kenya refinery, with 70% of funding from debt

The financing structure means raising the debt will be one of the key steps before construction can move ahead.

Omokolade Ajayi Omokolade Ajayi
Taryn Woodbridge
Hot NewsBusiness

Mercedes-Benz South Africa appoints Baker McKenzie as company secretary 2 months after Taryn Woodbridge became CEO

Mercedes-Benz South Africa appoints Baker McKenzie as company secretary after Taryn Woodbridge became CEO in a wider leadership transition.

Feyisayo Ajayi Feyisayo Ajayi
Quintin Rossi, the CEO of Spear REIT Limited.
BusinessHot News

Spear REIT invests $6 million in Mambos’ Cape Town distribution centre

Spear REIT is investing R90 million ($6 million) in a 7,150 m² Mambos distribution centre, supporting logistics growth and expansion…

Feyisayo Ajayi Feyisayo Ajayi
Zanele Matlala
BusinessHot News

South African executive Zanele Matlala leads Merafe to $32 million profit in H1 2026

Merafe Resources’ profit jumped 64% to $32 million as higher chrome ore prices and sales offset a 75% plunge in…

Feyisayo Ajayi Feyisayo Ajayi
Globacom
TechnologyBusinessHot News

Glo launches Gloria AI assistant amid network expansion and subscriber growth

Gloria can handle customer enquiries, help subscribers access services and resolve routine issues through an automated interface.

Omokolade Ajayi Omokolade Ajayi
Mauritius-based Cim Finance.
BusinessHot News

Mauritius-based Cim Finance profit holds at $18.9 million despite higher impairments

The result came as higher consumer lending and stronger revenue helped offset a sharp increase in impairment provisions.

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

MTN Uganda’s half-year profit rises 37.7% to $99 million on data, fintech growth

Profit after tax rose to USh367.5 billion ($99 million), from USh266.95 billion ($72 million) a year earlier.

Omokolade Ajayi Omokolade Ajayi
South Africa's richest man Johann Rupert
BillionairesBusinessHot News

South Africa’s richest man, Johann Rupert, gains $1.5 billion as fortune reaches $21.5 billion

Rupert’s net worth has climbed from $20 billion on July 13 to $21.5 billion, according to the Bloomberg Billionaires Index.

Omokolade Ajayi Omokolade Ajayi
Nigerian Pastor Jerry Eze
BusinessHot News

Nigerian Pastor Jerry Eze takes board role at Tony Elumelu’s Heirs Life

Pastor Jerry Eze is the founder of Streams of Joy International Ministry.

Omokolade Ajayi Omokolade Ajayi
How Basketmouth’s Flatmates became a MultiChoice hit
Hot NewsEntertainment

How Basketmouth turned Flatmates into a MultiChoice hit — and redefined Nigerian comedy

Basketmouth turned Flatmates into a MultiChoice hit, reshaping Nigerian comedy and proving the power of local IP in African television.

Luxury restaurants Africa
BusinessHot News

15 luxury restaurants in Africa for elite dining experiences

Africa’s fine-dining scene is rising, with 10 standout restaurants offering refined cuisine, bold flavors and premium experiences across the continent.

AFC-listing-on-LSE
BusinessHot News

AFC raises $432 million digital bond, sets record in Swiss market

AFC digital bond raises $432 million in Switzerland, marking a record digital securities deal and expanding funding for African infrastructure.

Timilehin Adejumobi Timilehin Adejumobi
LuxuryBusinessHot News

Transcorp Hilton Abuja adds padel courts as hotel expands leisure offering

Transcorp Hilton Abuja has added new padel courts as Transcorp Hotels expands its leisure offering.

Omokolade Ajayi Omokolade Ajayi
Nigeria’s SMEs get digital push as eTranzact partners with SMEDAN
BusinessTechnology

Nigeria’s SMEs get digital push as eTranzact partners with SMEDAN

eTranzact and SMEDAN are expanding digital payment access for Nigeria’s 40 million SMEs as fintech tools support financial inclusion and growth.

Oluwatosin Alao Oluwatosin Alao
South African data center
BusinessHot News

South Africa’s Eskom targets data centers for new power customers     

Eskom is courting major technology companies as improved power supply leaves the utility searching for new electricity customers.

Timilehin Adejumobi Timilehin Adejumobi
Ex-Airtel Africa CEO Segun Ogunsanya
Hot NewsBusiness

Ex-Airtel Africa CEO Segun Ogunsanya takes Vodacom board seat from Phuthi Mahanyele-Dabengwa

Former Airtel Africa CEO Segun Ogunsanya has been appointed to Vodacom Group’s board, succeeding Phuthi Mahanyele-Dabengwa in a scheduled leadership change.

Omokolade Ajayi Omokolade Ajayi
Impala Platinum Holdings Ltd
BusinessHot News

South Africa’s Implats expects earnings to surge as PGM prices lift revenue

Implats expects earnings to surge as stronger PGM prices lift revenue, cash generation and 6E production for the year ended June 30, 2026.

Omokolade Ajayi Omokolade Ajayi
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