MTN CEO Ralph Mupita
BusinessHot News

MTN profit declines to $752 million as South African business weighs on earnings

MTN profit in H1 2026 fell to $752 million as weaker South African earnings offset strong growth in Nigeria, Ghana,…

Feyisayo Ajayi Feyisayo Ajayi
State-owned power utility Eskom
BusinessHot News

South Africa’s Johannesburg pays $328 million Eskom debt to avert blackouts

The payment settles long-running billing disputes between the City of Johannesburg and the state-owned power producer.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BusinessBillionairesHot News

SA billionaire Patrice Motsepe’s ARM expects earnings to rise as much as 22%

Headline earnings per share are projected to rise to between 1,544 cents and 1,682 cents, compared with 1,379 cents previously.

Omokolade Ajayi Omokolade Ajayi
Israeli-born mining executive Yoram Dvash
BusinessHot News

Israeli-born mining executive Yoram Dvash named chairman of Botswana’s Okavango Diamond Company

Dvash takes over at a company that has an important role in Botswana’s diamond trade.

Omokolade Ajayi Omokolade Ajayi
Nigerian oil mogul Wale Tinubu
Hot NewsBusinessExclusive

Oando’s assets near $6 billion as Nigerian oil mogul Wale Tinubu drives growth

The integrated energy company’s total assets rose to N7.89 trillion ($5.84 billion) as of June 30, from N7.44 trillion ($5.5…

Omokolade Ajayi Omokolade Ajayi
Stellenbosch-based investment holding company Remgro Limited
BusinessHot News

South Africa’s $6.3 billion giant Remgro proves why culture drives success

This internal culture underpins a substantial financial footprint.

Omokolade Ajayi Omokolade Ajayi
Ahmed El-Sewedy, President and CEO of Elsewedy Electric
BillionairesBusinessHot News

Ahmed El-Sewedy emerges as Egypt’s newest billionaire as Elsewedy Electric stake nears $1.3 billion

Ahmed El-Sewedy’s stake in Elsewedy Electric rises to $1.27 billion as shares surge nearly 55%, making him Egypt’s newest billionaire.

Feyisayo Ajayi Feyisayo Ajayi
Renergen
Hot NewsBusiness

Renergen kicks off commissioning South Africa’s first liquid helium plant

Renergen begins commissioning South Africa’s first liquid helium plant, targeting commercial shipments in September amid tight global supply.

Feyisayo Ajayi Feyisayo Ajayi
Zolani Tete
Hot NewsSports

Former world boxing champion Zolani Tete shot dead outside his home in South Africa

Former world boxing champion Zolani Tete was shot dead outside his South African home, as police investigate the killing and…

Feyisayo Ajayi Feyisayo Ajayi
Black Coffee
EntertainmentHot News

Grammy-Award winning musician Black Coffee wins legal battle against Maserati South Africa

Black Coffee wins a R7 million ($437,136) court judgment against Maserati South Africa over a disputed customised MC20 Cielo vehicle…

Feyisayo Ajayi Feyisayo Ajayi
Aton Resources raises $2.8 million to advance Egypt’s Hamama gold project
BusinessHot News

Aton Resources raises $2.8 million to advance Egypt’s Hamama gold project

Aton Resources raises $2.8 million to advance exploration and development at Egypt’s Hamama gold project, targeting potential production in 2027.

Feyisayo Ajayi Feyisayo Ajayi
Niger signs $1.9 billion deal with Canadian group to build 100,000 bpd oil refinery
BusinessHot News

Niger signs $1.9 billion deal with Canadian group to build 100,000 bpd oil refinery

Niger signs a $1.9 billion deal with Zimar Inc. for a 100,000-bpd refinery to boost domestic fuel supply and cut…

Feyisayo Ajayi Feyisayo Ajayi
Gauteng-born CEO Mpumi Madisa.
BusinessHot News

South African CEO Mpumi Madisa reveals leadership playbook at $5.1 billion Bidvest

Madisa emphasized that grounding governance in core values becomes essential when numbers alone offer no clear roadmap.

Omokolade Ajayi Omokolade Ajayi
Mohammed El-Sewedy
BusinessHot News

Mohammed El-Sewedy’s stake in Egyptian electric giant nears $900 million

Mohamed El-Sewedy’s Elsewedy Electric stake has gained $283 million in 2026, reaching $883 million as the stock nears a $5…

Feyisayo Ajayi Feyisayo Ajayi
Gold Fields’ mining operation in South Africa.
BusinessHot News

Gold Fields overtakes Naspers as Africa’s most valuable company as market cap hits $43.3 billion

The rally in Gold Fields stock on the JSE tracks a broad advance in physical bullion, which gained more than…

Omokolade Ajayi Omokolade Ajayi
Kenyan investment manager Christine Mwangi
BusinessHot News

Kenyan manager Christine Mwangi steers AgDevCo Ventures to $49 million first close

The $49 million package blends commercial loans, concessional debt, and equity.

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

South Africa’s richest man Johann Rupert loses $1.3 billion as Richemont shares slide

Rupert’s net worth stood at $20.2 billion at the time of writing, down from $21.5 billion on Aug. 10, according…

Omokolade Ajayi Omokolade Ajayi
South African billionaire Tshepo Mahloele
BillionairesBusinessHot News

South African billionaire Tshepo Mahloele faces regulatory hurdle in multibillion-rand FlySafair deal

The challenge comes just over a month after Harith secured approval from South Africa’s Competition Commission for the deal.

Omokolade Ajayi Omokolade Ajayi
Cell C Holdings Ltd.
Hot NewsBusiness

Cell C reports $260 million annual profit after JSE listing

Cell C’s annual profit jumped 87.65% to R4.16 billion after its JSE listing, supported by stronger revenue, subscribers and wholesale…

Feyisayo Ajayi Feyisayo Ajayi
Harrods
BusinessHot News

Why Harrods seeks to recover more than $80 million from Egypt’s Al Fayed estate

Harrods seeks to recover more than $80 million from Mohamed Al Fayed’s estate as hundreds pursue compensation over abuse allegations.

Feyisayo Ajayi Feyisayo Ajayi
Canal+ JSE listing
BusinessHot News

Canal+ debuts on JSE after MultiChoice deal, shares open higher

Canal+ JSE listing MultiChoice deal boosts shares as Canal+ expands in Africa after MultiChoice takeover and dual exchange debut.

FG cancels $717.7 million World Bank power sector loan
BusinessTechnology

FG cancels $717.7 million World Bank power sector loan

The Federal Government of Nigeria has cancelled $717.7 million in undisbursed financing tied to a World Bank-backed electricity reform programme. The funds were part of a broader intervention designed to stabilise Nigeria’s power sector and reduce long-standing financial pressure on public finances.  The decision was taken jointly with the World Bank after both sides agreed to discontinue the remaining portion…

Mike Silber, CEO of AFRINIC
BusinessTechnology

South African internet veteran Mike Silber appointed AFRINIC CEO

Mike Silber will become AFRINIC CEO in 2027, bringing internet, regulatory and governance experience to Africa's registry.

Timilehin Adejumobi Timilehin Adejumobi
Dipula Properties Logo
BusinessHot News

South Africa’s Dipula Properties seals $125 million retail portfolio deal

Dipula Properties acquisition adds nine shopping centres, expanding its retail footprint and lifting retail income exposure to nearly 80%.

Timilehin Adejumobi Timilehin Adejumobi
Botswana grants Orano more licenses to explore for uranium
BusinessGlobal News

Botswana grants Orano more licenses to explore for uranium

Botswana grants Orano three new uranium licences as the country seeks to diversify mining beyond diamonds amid weaker global demand.

Oluwatosin Alao Oluwatosin Alao
Cell C Holdings Ltd.
TechnologyBusiness

Cell C in talks with Starlink, Amazon Leo to expand rural coverage     

Cell C satellite partnership talks with Starlink and Amazon Leo could expand mobile and broadband coverage across rural South Africa.

Timilehin Adejumobi Timilehin Adejumobi
Sabvest Capital expands South Africa investments with Frogfoot, Vox stakes
BusinessTechnology

Sabvest Capital expands South Africa investments with Frogfoot, Vox stakes

Sabvest Capital will invest $47 million for an 8.97% stake in Frogfoot and Vox, expanding its exposure to South Africa’s fibre market.

Oluwatosin Alao Oluwatosin Alao
Cleanergy Solutions Namibia
BusinessHot News

Namibia launches Africa’s first green hydrogen hub

Namibia green hydrogen is gaining ground as Walvis Bay opens Africa’s first integrated facility linking solar power, storage and transport.

Timilehin Adejumobi Timilehin Adejumobi
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