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Bloemfontein’s largest mall, owned by Michael Georgiou, hit by power cut over $9.25 million debt

Bloemfontein mall faces power cut over $9.25 million debt as court allows Centlec action against Loch Logan Waterfront.

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Al Mada stake gains $270 million
BusinessHot News

Moroccan Royal-backed Al Mada sees $270 million gain from Attijariwafa Bank shares

Al Mada’s 46.54% stake gained $270 million in 2026 as its holdings rose to $8.24 billion amid steady market growth.

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Gold Fields $3.57 billion profit
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Gold Fields reports $3.57 billion profit, announces $1.7 billion shareholder payout

Gold Fields posts $3.57 billion profit, boosts payouts to $1.7 billion as gold output and cash flow surge in 2025.

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Hot NewsTechnology

IHS weighs $685 million Latam tower sale after $6.2 billion bid from MTN Group

IHS Holding plans $685 million sale of Latin America assets as MTN Africa moves to acquire the company’s core African…

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Akhannouch drives Morocco’s largest social support
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Billionaire mogul and politician Aziz Akhannouch expands Morocco’s social reform to 3.9 million families

Morocco’s social reform expands under Aziz Akhannouch, delivering cash transfers to 3.9 million families in 2026.

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Kumba Iron Ore 2025 revenue
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Kumba Iron Ore posts $4.4 billion in 2025 revenue, expands margins

Kumba Iron Ore posts $4.4 billion revenue in 2025, boosts margins and dividends despite volatile global trade conditions.

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Kenya tallest towers Nairobi
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Kenya’s 10 tallest towers redefining Nairobi’s skyline

Kenya’s 10 tallest towers reshape Nairobi’s skyline, signaling economic growth, foreign investment and modern urban ambition.

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BusinessHot News

Africa’s richest man Aliko Dangote gains $2.76 billion as cement shares surge

Africa’s richest man Aliko Dangote gains $2.76 billion as Dangote Cement rises, boosting his net worth to $32.7 billion.

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BusinessHot News

Black South Africans climb income ladder as unemployment hits lowest since 2020

Over the past three decades, a growing number of Black South African households have moved into higher income brackets. A…

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Glencore DRC copper deal
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Glencore DRC land deal extends Kamoto output into 2040s

Glencore secures DRC land deal, extending Kamoto mine life to mid-2040s and reinforcing long-term copper output stability.

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BusinessHot News

South Africa’s richest man, Johann Rupert, slips below $19 billion

South Africa’s richest man, Johann Rupert, chairman of Swiss luxury giant Richemont, has seen his net worth slip below the…

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Oando raises $164 million to expand operations
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Oando Plc plans $164 million rights issue to strengthen its capital base

Oando Plc seeks $164.4 million via rights issue to boost capital, support growth, and strengthen its position in Nigeria’s oil…

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Most expensive countries in Africa 2026
Hot NewsLuxury

10 most expensive countries in Africa in 2026

Africa’s 10 most expensive countries in 2026 reveal rising grocery prices, import reliance, inflation pressures and strained purchasing power.

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BusinessHot News

Mauritius-based MCB Group posts $315 million profit as earnings climb 15%

Mauritius-based MCB Group posts $315 million profit, up 15%, with assets exceeding $23 billion and global operations expanding.

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Gold Fields $3.57 billion profit
BusinessHot News

Africa’s 20 most valuable companies in 2026

Africa’s 20 most valuable stocks in 2026 reflect mining strength, telecom growth, and financial dominance across major exchanges.

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Hot NewsLuxury

Tsogo Sun buyback tops $14 million as shares fall 33% on JSE

Tsogo Sun repurchases $14.1 million in shares amid 33% stock decline, maintaining financial stability and operational growth.

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BusinessHot News

Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major milestone, becoming Africa’s third-richest person with a net…

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BusinessHot News

Nigerian billionaire Adebayo Ogunlesi loses $100 million as BlackRock hits $14 trillion

Adebayo Ogunlesi’s net worth drops to $2.4 billion amid BlackRock stock decline despite reaching $14 trillion in assets under management.

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Unemployment in South Africa falls to lowest level since 2020

South Africa’s unemployment rate drops to 31.4 percent in fourth quarter 2025, lowest since 2020, as hiring improves modestly.

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Mandarin Oriental Egypt expansion
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Mandarin Oriental, TMG partner on Egypt luxury hotels, Nile Cruise

Mandarin Oriental Hotel Group expands in Egypt with historic hotels and its first luxury Nile cruise launch.

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Kenya $832 million green fertiliser plant
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How Kenya plans to monetize carbon with $832 million green fertiliser plant

Kenya advances $832 million green fertiliser plant targeting compliance carbon markets for…

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BusinessHot News

Bloemfontein’s largest mall, owned by Michael Georgiou, hit by power cut over $9.25 million debt

Bloemfontein mall faces power cut over $9.25 million debt as court allows…

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Al Mada stake gains $270 million
BusinessHot News

Moroccan Royal-backed Al Mada sees $270 million gain from Attijariwafa Bank shares

Al Mada’s 46.54% stake gained $270 million in 2026 as its holdings…

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