Nipool Shah
BusinessHot News

Meet Nipool Shah, Kenyan property tycoon behind Dunhill’s growing real estate empire

Kenyan businessman Nipool Shah has built Dunhill into a diversified property group spanning offices, malls, warehouses, homes and valuations.

Feyisayo Ajayi Feyisayo Ajayi
kenya Airways
Hot NewsBusiness

Kenya rushes to sell stake in troubled national airline by year-end

This process is currently ongoing and is targeted to be finalized by December 2026.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe’s net worth rebounds to $3.6 billion as mining stocks rise

Motsepe’s net worth has risen to $3.6 billion from $3.4 billion on July 30, according to Forbes.

Omokolade Ajayi Omokolade Ajayi
Otunba Wale Jubril
Business

Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

Feyisayo Ajayi Feyisayo Ajayi
Karl-Stefan Altmann
Hot NewsBusiness

Namibian finance executive Karl-Stefan Altmann joins Letshego Holdings board

Namibian finance executive Karl-Stefan Altmann has rejoined Letshego Holdings Namibia’s board as a non-executive director, effective Aug. 17, 2026.

Feyisayo Ajayi Feyisayo Ajayi
Absa Group, South Africa’s third-biggest lender.
BusinessHot News

Absa Group posts higher income as earnings, lending improve in first half of 2026

Absa's earnings also improved during the period. Basic earnings per ordinary share rose 12.1 percent to R15.18 ($0.93) from R13.54…

Omokolade Ajayi Omokolade Ajayi
Capitec Bank HQ
BusinessHot News

Capitec overtakes FirstRand as Africa’s most valuable bank at $34.5 billion

The latest change comes after Capitec shares gained 2.2 percent over the past month, lifting its market cap to R561.2…

Omokolade Ajayi Omokolade Ajayi
Engr. Mohammed Sani Jaoji
BusinessHot News

Mohammed Sani Jaoji named CEO of Geregu Power after $29.4 million bond default

Jaoji’s appointment took effect Aug. 17 and is subject to approval by the Nigerian Electricity Regulatory Commission.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African court blocks Shell’s Wild Coast exploration permit

South Africa’s Constitutional Court has blocked Shell and Impact Africa from reviving a disputed Wild Coast offshore exploration permit.

Feyisayo Ajayi Feyisayo Ajayi
BusinessBillionairesHot News

Nigerian billionaire Femi Otedola boosts stake in FirstHoldCo with shares worth $15 million

Femi Otedola has raised his First HoldCo stake above 26% after buying N18.11 billion in shares, lifting his holding’s value…

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica flows gas at Namibia discovery, advances 1,000-metre horizontal test

ReconAfrica has flowed gas and potential liquids at its Namibia discovery, advancing a 1,000-metre horizontal test of the Huttenberg formation.

Feyisayo Ajayi Feyisayo Ajayi
Park boutique Hotel
LuxuryHot NewsTourism

Park Avenue boutique estate enters South Africa property market at $7 million

Park Avenue estate in Hout Bay, enters the Western Cape province of South Africa’s luxury property market at $7 million,…

Feyisayo Ajayi Feyisayo Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot News

Dangote, local refiners eye up to $328 million savings in crude swap plan

Data from the upstream regulator shows that domestic plants received 82.2 million barrels of crude under the Domestic Crude Supply…

Omokolade Ajayi Omokolade Ajayi
South African food producer RCL Foods
BusinessHot News

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

Headline earnings per share from operations are expected to come in at between R1.01 ($0.05) and R1.09 ($0.06).

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Zimbabwean investor Richard Ngwenya’s property business targeted in $1.2 million VFD dispute

VFD Group seeks to freeze five properties linked to Richard Ngwenya over an alleged R20 million ($1.23 million) investment dispute…

Feyisayo Ajayi Feyisayo Ajayi
Thungela Resources Limited
Hot NewsBusiness

South Africa’s Thungela posts $85.7 million profit as coal prices rise

Revenue increased 2 percent to R15.17 billion ($935.5 million) from R14.81 billion ($913.3 million).

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Why FirstRand plans to sell Aldermore amid UK Motor finance hurdles

FirstRand is selling Aldermore as UK motor finance mis-selling costs rise, forcing the South African lender to rethink its UK…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

IHS Towers reports $844 million H1 2026 revenue as MTN takeover nears final stage

IHS Towers reported $844 million in H1 2026 revenue as stronger cash flow and MTN’s proposed takeover reshape its African…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Koryx Copper’s Haib project delivers 831 meter copper-equivalent drill hit in Namibia

Koryx Copper’s Haib project in Namibia delivers an 831-metre copper-equivalent drill hit, strengthening prospects for resource growth and development.

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

Top 7 markets leading contributions to Standard Bank Group’s earnings

Standard Bank Group’s H1 2026 earnings were led by South Africa, Nigeria, Ghana, Uganda, Kenya, Angola and Mauritius.

Feyisayo Ajayi Feyisayo Ajayi
Dele Momodu joins ADC
Opinion

Reno Omokri and Femi Fani-Kayode: A tale of two shameless friends

Aare Dele Momodu slams critics, and rejects Femi and Reno’s attacks, citing their lack of credibility and professionalism.

Mary-Ann Musangi
BusinessHot News

Kenyan billionaire Chris Kirubi’s heiress Mary-Ann Musangi elected KAM vice chairperson

Mary-Ann Musangi elected KAM vice chair, marking a leadership shift as Kenya pushes inclusive manufacturing growth and stronger industry advocacy.

Nipool Shah
BusinessHot News

Meet Nipool Shah, Kenyan property tycoon behind Dunhill’s growing real estate empire

Kenyan businessman Nipool Shah has built Dunhill into a diversified property group spanning offices, malls, warehouses, homes and valuations.

Feyisayo Ajayi Feyisayo Ajayi
kenya Airways
Hot NewsBusiness

Kenya rushes to sell stake in troubled national airline by year-end

Kenya is accelerating plans to sell a strategic stake in Kenya Airways by December 2026 to inject fresh capital and end persistent state cash bailouts.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe’s net worth rebounds to $3.6 billion as mining stocks rise

Patrice Motsepe’s net worth has risen to $3.6 billion as African Rainbow Minerals and Harmony Gold shares gain on the Johannesburg Stock Exchange (JSE).

Omokolade Ajayi Omokolade Ajayi
Otunba Wale Jubril
Business

Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank eyes stake in Nigeria’s OPay ahead of U.S. IPO
BusinessGlobal News

Standard Bank eyes stake in Nigeria’s OPay ahead of U.S. IPO

Standard Bank is considering a stake in Nigeria’s OPay ahead of a potential U.S. IPO that could value the fintech company at about $4 billion.

Oluwatosin Alao Oluwatosin Alao
World Bank
BusinessHot News

World Bank Group plans $35 million investment in Morocco distressed asset recovery facility

World Bank Group's private sector arm, IFC plans a $35 million investment in Morocco’s distressed asset market, targeting non-performing loans and real estate assets.

Feyisayo Ajayi Feyisayo Ajayi
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