Balwin Properties 2026
BusinessHot News

Stephen Brookes’ Balwin profit tops $15 million as apartment sales surge in South Africa

Balwin profit rises above $15 million in 2026 as strong apartment sales and easing borrowing costs lift South Africa housing…

Feyisayo Ajayi Feyisayo Ajayi
Prosus sells Delivery Hero stake
BusinessHot News

Prosus divests $394 million Delivery Hero stake to meet EU rules

Prosus sells $394 million Delivery Hero stake to Aspex, advancing EU regulatory commitments after Just Eat Takeaway.com acquisition.

Feyisayo Ajayi Feyisayo Ajayi
Ladismith Cheese
BusinessHot News

South Africa’s Woodlands Dairy acquires Ladismith Cheese in $50 million deal

Woodlands Dairy, one of South Africa’s largest dairy manufacturers, majority owned by Gutsche Family Investments, has acquired Ladismith Cheese Company…

Feyisayo Ajayi Feyisayo Ajayi
NAHCO dividend and bonus shares
BusinessHot News

NAHCO chairman Seinde Fadeni set for $2.3 million dividend, 71 million bonus shares

NAHCO chairman Seinde Fadeni set for $2.3 million dividend and 71 million bonus shares after strong earnings and capital expansion…

Feyisayo Ajayi Feyisayo Ajayi
Gozem IFC $25 million financing
BusinessHot News

IFC weighs $25 million financing for Gozem after top-15 growth ranking

IFC weighs $25 million financing for Gozem to expand vehicle lending as the SuperApp ranks among Africa’s fastest-growing firms.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest man, Aliko Dangote.
BillionairesBusinessHot News

Africa’s richest man gains $1.26 billion as Dangote Cement jumps on London listing push

Shares of the cement producer climbed 12.1 percent over the past week, rising from N970 ($0.71) to N1,088 ($0.80).

Omokolade Ajayi Omokolade Ajayi
Angola’s Cabinda refinery begins fuel shipments.
BusinessHot News

Angola’s Cabinda refinery begins fuel shipments amid global supply strain

The refinery, built at a cost of more than $470 million, has started supplying diesel domestically while exporting heavy fuel…

Omokolade Ajayi Omokolade Ajayi
Mark Shuttleworth success
Hot NewsTechnology

Mark Shuttleworth, Africa’s first astronaut who built Ubuntu, sold Thawte for $575 million

Mark Shuttleworth built Thawte, funded Ubuntu, and became Africa’s first astronaut, shaping global tech and open-source innovation.

Feyisayo Ajayi Feyisayo Ajayi
Ecobank
BusinessHot News

After $594 million profit Ecobank targets $350 million debt raise, sustainability

The proposed notes will qualify as Tier 2 capital and will primarily support the refinancing of its existing $350 million…

Omokolade Ajayi Omokolade Ajayi
Vhernier boutiques China expansion
Hot NewsLuxury

Richemont expands Vhernier luxury boutiques in China

Richemont opens Vhernier boutiques in Beijing and Shanghai, deepening push as luxury demand grows in China, expanding its Asia strategy.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement
BusinessHot News

Dangote Cement becomes Nigeria’s most valuable company as London listing looms

Dangote Cement now sits ahead of other major Nigerian listed firms in terms of market cap, including BUA Foods and…

Omokolade Ajayi Omokolade Ajayi
IFC Bank of Africa DRC
BusinessHot News

Bank of Africa DRC gets $5 million IFC-backed trade finance facility

IFC weighs $5 million trade finance facility for Bank of Africa DRC to boost SME imports, exports, and ease Congo’s…

Feyisayo Ajayi Feyisayo Ajayi
Admaius Africa growth fund
BusinessHot News

Rwanda-based Admaius launches $500 million for African equity expansion

Admaius launches $500 million African growth fund as IFC weighs $25 million backing for expansion across key sectors and major…

Feyisayo Ajayi Feyisayo Ajayi
Peter Ndegwa, CEO of Safaricom.
BusinessHot NewsTechnology

Kenyan court orders Safaricom to pay software developer $10.8 million in M-Pesa copyright case

The court also went further, directing Safaricom and Beluga Limited to pay Muoki 0.5 percent of gross annual M-Pesa revenue…

Omokolade Ajayi Omokolade Ajayi
AngloGold Ashanti buyback
BusinessHot News

AngloGold Ashanti opens 2026 with $1.5 billion profit, unveils $2 billion buyback

AngloGold Ashanti Plc. posts $1.2 billion record cash flow, unveils $2 billion buyback as gold prices surge

Feyisayo Ajayi Feyisayo Ajayi
Nedbank NCBA takeover offer
BusinessHot News

NCBA shareholders to get $16.3 cash plus Nedbank shares under $856 million takeover offer

Nedbank advances NCBA takeover, offering shareholders cash payouts and Johannesburg-listed shares under proposed acquisition.

Feyisayo Ajayi Feyisayo Ajayi
African billionaires: Nassef, Patrice and Johann
BusinessSports

Africa’s richest club owners influence global football industry

African billionaires including Patrice Motsepe and Nassef Sawiris are reshaping global football through club ownership, and investments.

Timilehin Adejumobi Timilehin Adejumobi
Sibanye-Stillwater bond offering
BusinessHot News

South Africa’s Sibanye-Stillwater targets lower debt with $500 million bond offering

Sibanye-Stillwater launched a $500 million bond offering to cut debt and strengthen balance sheet flexibility.

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire to pocket $2 million interim dividend from MTN

The dividend announcement comes at a time when MTN Uganda is navigating a more demanding operating environment.

Omokolade Ajayi Omokolade Ajayi
African Rainbow Minerals executives
BusinessHot News

ARM top executives offload $3.1 million in shares following Patrice Motsepe’s retirement

ARM executives sell $3.1M in shares after Motsepe’s chairman transition, signaling governance shift and investor scrutiny.

Feyisayo Ajayi Feyisayo Ajayi
Silver Sands North Coast
Hot NewsLuxury

ORA Developers plans new Cove phase at Silver Sands North Coast

ORA Developers, led by Naguib Sawiris, plans The Cove at Silver Sands North Coast, adding low-density luxury homes focused on lifestyle value.

Holiday Inn Accra Airport
Hot NewsLuxury

10 Ghana luxury airport hotels for international travelers

Discover Ghana’s luxury airport hotels redefining comfort and convenience for international guests.

Balwin Properties 2026
BusinessHot News

Stephen Brookes’ Balwin profit tops $15 million as apartment sales surge in South Africa

Balwin profit rises above $15 million in 2026 as strong apartment sales and easing borrowing costs lift South Africa housing demand.

Feyisayo Ajayi Feyisayo Ajayi
Prosus sells Delivery Hero stake
BusinessHot News

Prosus divests $394 million Delivery Hero stake to meet EU rules

Prosus sells $394 million Delivery Hero stake to Aspex, advancing EU regulatory commitments after Just Eat Takeaway.com acquisition.

Feyisayo Ajayi Feyisayo Ajayi
Ladismith Cheese
BusinessHot News

South Africa’s Woodlands Dairy acquires Ladismith Cheese in $50 million deal

Woodlands Dairy, one of South Africa’s largest dairy manufacturers, majority owned by Gutsche Family Investments, has acquired Ladismith Cheese Company in a deal valued at up to $50 million, marking a strategic shift in South Africa’s food industry as Sea Harvest exits dairy operations to reduce debt and refocus on its core seafood business. The acquisition, executed through Fairfield Dairy,…

Feyisayo Ajayi Feyisayo Ajayi
NAHCO dividend and bonus shares
BusinessHot News

NAHCO chairman Seinde Fadeni set for $2.3 million dividend, 71 million bonus shares

NAHCO chairman Seinde Fadeni set for $2.3 million dividend and 71 million bonus shares after strong earnings and capital expansion plan.

Feyisayo Ajayi Feyisayo Ajayi
Gozem IFC $25 million financing
BusinessHot News

IFC weighs $25 million financing for Gozem after top-15 growth ranking

IFC weighs $25 million financing for Gozem to expand vehicle lending as the SuperApp ranks among Africa’s fastest-growing firms.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest man, Aliko Dangote.
BillionairesBusinessHot News

Africa’s richest man gains $1.26 billion as Dangote Cement jumps on London listing push

Aliko Dangote’s stake in Dangote Cement jumps 1.26 billion dollars as shares rally and London listing talks gain momentum.

Omokolade Ajayi Omokolade Ajayi
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