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 market value rebounds
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
Vanessa Olver
Hot NewsBusiness

South African executive Vanessa Olver to join Sun International as finance chief

South African executive Vanessa Olver will become Sun International’s CFO in 2027 after announcing plans to leave Investec’s board.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya stake increase
BusinessHot News

Absa Kenya plans $774 million asset finance push to spur SME growth

Absa Bank Kenya rolls out $774 million asset finance program to boost SME growth, offering full equipment funding amid tight credit conditions.

Vodacom Tanzania head office
BusinessTechnology

Vodacom Tanzania invests $28 million in Kenya digital payments upgrade    

Vodacom Tanzania invests $28 million to upgrade M-Pesa, boosting security, reliability, and digital payments across East Africa.

State-owned power utility Eskom
BusinessHot News

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

Johannesburg has paid Eskom more than $328 million in overdue electricity bills, averting potential power cuts across the city.

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%

Patrice Motsepe’s ARM expects earnings to rise as much as 22 percent as stronger platinum prices offset weaker iron ore earnings.

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

Yoram Dvash takes the helm as chairman of Botswana’s Okavango Diamond Company.

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

Oando’s total assets have risen to $5.84 billion as Wale Tinubu expands the company’s upstream oil portfolio.

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

Remgro says its people remain central to its long-term success as the $6.3 billion investment group strengthens its portfolio and culture.

Omokolade Ajayi Omokolade Ajayi
Julius Nyerere hydropower project
BusinessHot News

Tanzania unveils $2.9 billion Julius Nyerere hydropower project

Julius Nyerere Hydropower Project adds 2,115 MW to Tanzania’s grid, boosting power supply, investment and industrial growth.

Timilehin Adejumobi Timilehin Adejumobi
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