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
American pop star Beyoncé.
BusinessHot News

Beyoncé takes full control of her whisky brand, SirDavis, after LVMH sells stake

The transaction marks a change in ownership less than two years after Beyoncé and LVMH launched SirDavis in 2024.

Omokolade Ajayi Omokolade Ajayi
Cameroon cocoa downturn
BusinessHot News

Cameroon’s richest woman Kate Fotso regains cocoa crown even as export revenue plunges 63%

Cameroon’s cocoa exports plunge 63% as Kate Fotso regains the cocoa crown despite falling prices, weaker shipments and a global…

Feyisayo Ajayi Feyisayo Ajayi
Glencore
BusinessHot News

Glencore eyes Australia listing to tap $3.1 trillion pension investment pool

The move comes six months after talks between Rio Tinto Group and Glencore collapsed.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker John Gachora
Hot NewsBusiness

NCBA Bank takes control of Multiple Hauliers in $55.7 million debt dispute

NCBA said Muniu Thoithi and George Weru of PricewaterhouseCoopers Ltd. (PwC) have been appointed joint administrators of Multiple Hauliers.

Omokolade Ajayi Omokolade Ajayi
Angama Mara
TourismHot News

Top 20 most exclusive safari lodges in East Africa

Discover East Africa’s 20 most exclusive safari lodges redefining luxury, conservation, and wildlife tourism across Kenya, Tanzania, Uganda, and Rwanda.

DRC $1.25 billion eurobond
BusinessHot News

DRC’s Rawbank leads $1.25 billion debut eurobond, opening global capital markets access

DRC raises $1.25 billion eurobond, unlocking global funding to boost infrastructure, jobs, and long-term economic growth.

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

South African executive Khumo Shuenyane has been appointed to succeed Saki Macozoma as chairman of Vodacom Group, with the leadership change taking effect in July 2027. Macozoma will retire from the company’s board after a decade of service, while Shuenyane, currently Vodacom’s lead independent director, will assume the chairmanship the following day. Vodacom said Macozoma will retire and step down…

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
South African billionaire Patrice Motsepe.
BusinessHot News

Tanzania court strikes Pula Group’s $195 million claim against Motsepe-linked firms  

Tanzania court removes Pula Group’s $195 million claim from the roll while leaving the alleged misuse of confidential information unresolved.

Timilehin Adejumobi Timilehin Adejumobi
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
Show More