BusinessHot News

FirstRand tops Capitec as Africa’s most valuable lender, eyes Ghana and Nigeria

FirstRand surpasses Capitec as Africa’s top lender, targeting growth in Ghana, Nigeria, and broader regional markets.

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Dollar-denominated REIT and firms in Africa
BusinessHot News

Toby Selman’s Africa Logistics Properties and the rise of dollar-denominated entities in Africa

Toby Selman’s Africa Logistics Properties launches East Africa’s first dollar-denominated REIT, boosting investor confidence continent-wide.

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EntertainmentTechnology

Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ takeover

Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ $2.1 billion acquisition.

Omokolade Ajayi Omokolade Ajayi
Tanzania petroleum storage expansion
BusinessHot News

Tanzania launches $273 million petroleum storage expansion shields against Strait of Hormuz disruption

Tanzania breaks ground on $273 million petroleum storage to boost energy security amid global supply risks.

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Hot News

Oil at $85 boosts Nigeria, Angola but pressures South Africa’s economy

Brent crude nears $85, boosting Nigeria and Angola’s revenue while raising fuel costs in South Africa.

Omokolade Ajayi Omokolade Ajayi
Nassef Sawiris OCI Global transition
BusinessHot News

Egypt’s richest man, Nassef Sawiris shifts to non-executive role after 13 years leading OCI Global

Egypt's richest man, Nassef Sawiris will transition from OCI Global executive chairman to non-executive director after 13 years leading the…

Feyisayo Ajayi Feyisayo Ajayi
GB Corp new subsidiaries
BusinessHot News

Ghabbour family’s GB Corp. to launch three new units, seeks shareholder approval

GB Corp. plans three subsidiaries in technology and investment services, pending shareholder approval at its March 29 extraordinary meeting in…

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Hot NewsLuxury

Mark Zuckerberg, world’s fifth-richest billionaire, buys $170 million Miami mansion

Mark Zuckerberg acquires a $170 million Miami mansion with pool, dock, and 1,500-gallon aquarium.

Omokolade Ajayi Omokolade Ajayi
Ibnsina Pharma 2025 profit growth
BusinessHot News

Ibnsina Pharma, Egypt’s largest pharmaceutical distributor posts $19 million profit in 2025

Ibnsina Pharma posts $19 million profit in 2025 as revenue jumps 37%, cementing Egypt distribution market dominance.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s $1 billion LNG terminal delayed to 2028 after court disrupts plans

The LNG terminal at Richards Bay, South Africa, is delayed to 2028 after a court ruling disrupts Eskom-linked plans.

Omokolade Ajayi Omokolade Ajayi
Hot NewsSports

Egyptian billionaire Nassef Sawiris takes Adidas chair, holds $2 billion stake

Nassef Sawiris will chair Adidas, holding a $2 billion stake as CEO Bjorn Gulden extends through 2030.

Omokolade Ajayi Omokolade Ajayi
Tony Elumelu Foundation 2026 cohort
BusinessHot News

Tony Elumelu Foundation to disburse nearly $16 million to 3,199 entrepreneurs in 2026 cohort

Tony Elumelu Foundation to disburse nearly $16 million to 3,199 African entrepreneurs in 2026 seed funding rollout.

Feyisayo Ajayi Feyisayo Ajayi
Sanlam ARC Fund investment
BusinessHot News

Sanlam commits $196 million for 25% stake in ARC’s diversified investment portfolio

Sanlam Life invests $196 million for 25% of ARC Fund portfolio, deepening ties with Patrice Motsepe’s Ubuntu-Botho.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Africa’s largest telecom operator MTN plans Syria exit, cuts Middle East exposure

MTN Group plans to exit Syria, reducing Middle East exposure, while Nigerian operations boost profits and strengthen earnings.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African pharma giant Aspen hit by mRNA contract loss

Aspen Pharmacare reports weaker H1 2025 results after mRNA contract loss, with growth and debt reduction plans underway.

Omokolade Ajayi Omokolade Ajayi
Steinhoff FSCA $22 million fine
BusinessHot News

Ex-Steinhoff legal chief in Markus Jooste Scandal hit with $22 million fine

South Africa’s FSCA fines former Steinhoff executive Stehan Grobler $22 million over false financial statements.

Feyisayo Ajayi Feyisayo Ajayi
Nedbank NCBA takeover bid
BusinessHot News

Nedbank raises cash offer to $245 million in $856 million NCBA takeover bid

Nedbank lifts cash offer to $245 million in $856 million bid for 66% of NCBA, boosting flexibility for shareholders in…

Feyisayo Ajayi Feyisayo Ajayi
Caxton interim results 2025
BusinessHot News

Caxton profit slipped to $20 million in H1 2026

Caxton profit slips 4% to R332 million ($20 million) as ad slump hits publishing; packaging growth cushions decline in interim…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Vukile’s $2 billion Spain retail portfolio cements Iberian market dominance

Vukile’s €1.7 billion ($1.98 billion) Spanish portfolio surpasses Lighthouse’s footprint, cementing Iberian retail dominance.

Feyisayo Ajayi Feyisayo Ajayi
Kenyatta family assets
BusinessHot News

10 businesses owned by Kenya’s largest landholders, the Kenyatta family

Inside the Kenyatta family empire: banking, dairy, land and a $5-billion Nairobi satellite city shaping Kenya’s economy.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

FirstRand tops Capitec as Africa’s most valuable lender, eyes Ghana and Nigeria

FirstRand surpasses Capitec as Africa’s top lender, targeting growth in Ghana, Nigeria,…

Omokolade Ajayi Omokolade Ajayi
Dollar-denominated REIT and firms in Africa
BusinessHot News

Toby Selman’s Africa Logistics Properties and the rise of dollar-denominated entities in Africa

Toby Selman’s Africa Logistics Properties launches East Africa’s first dollar-denominated REIT, boosting…

Feyisayo Ajayi Feyisayo Ajayi
Tanzania petroleum storage expansion
BusinessHot News

Tanzania launches $273 million petroleum storage expansion shields against Strait of Hormuz disruption

Tanzania breaks ground on $273 million petroleum storage to boost energy security…

Feyisayo Ajayi Feyisayo Ajayi
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