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
AfroCentric Activo Health disposal
BusinessHot News

AfroCentric flags wider annual loss despite surge in headline earnings

AfroCentric forecasts wider full-year 2025 loss on impairments and reporting shift, despite strong headline earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Shoprite H1 2026 revenue
BusinessHot News

Shoprite posts $8.6 billion revenue in H1 2026

Shoprite Holdings posts $8.6 billion H1 2026 revenue, up 7.2%, as Christo Wiese-backed retailer expands market share.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

New $62 million Somerset West project taps Western Cape housing demand

The Charles launches 178 apartments in Somerset West, Western Cape, as demand grows for secure estates and lifestyle-driven housing.

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Tshepo Mahloele: South African tycoon behind $3 billion pan-African investment firm

South African investor Tshepo Mahloele leads Harith, managing over $3 billion in infrastructure investments across energy, transport and digital sectors.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe outbound travel to South Africa
Hot NewsTourism

Zimbabwe’s economic crisis fuels record travel to South Africa

Zimbabwe’s outbound trips to South Africa in 2024 underscore currency instability, inflation and weakening investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement 2025 tax payment
BusinessHot News

Dangote Cement pays $380 million in taxes in 2025

Dangote Cement paid $380 million in 2025 taxes as profit topped $730 million and revenue surged 20%, underscoring record earnings.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket $237 million dividend from BUA Cement

Nigerian billionaire Abdul Samad Rabiu will pocket $237 million after BUA Cement posts 379% profit surge in 2025.

Omokolade Ajayi Omokolade Ajayi
Oriental Weavers 2025 profit
BusinessHot News

Egypt’s Oriental Weavers posts $45 million in profits in 2025

Oriental Weavers posts $45 million profit in 2025 as revenue rises 10% despite margin pressures.

Feyisayo Ajayi Feyisayo Ajayi
Prudential ICEA Lion stake sale
BusinessHot News

Prudential sells 24.1% ICEA portfolio acquired from Ndegwa family in 2021

Prudential will exit ICEA Lion, selling its 24.1% stake acquired in a $18.6 million Ndegwa family deal, pending approvals.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

MTN Group forecasts massive rebound after MTN Nigeria posts $820 million profit

MTN Group expects earnings rebound as MTN Nigeria reports $820 million profit and free cash flow jumps 215 percent.

Omokolade Ajayi Omokolade Ajayi
Breadfast $50 million funding
BusinessHot News

Saudi billionaire-backed Breadfast targets Egypt grocery dominance

Breadfast secures $50 million from Mubadala and a Saudi billionaire family to accelerate Egypt e-commerce expansion.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement 2025 tax payment
BusinessHot News

Aliko Dangote’s cement business hauls in $3.2 billion revenue in 2025

Dangote Cement posts $3.16 billion revenue in 2025, with record profit $745.5 million, driven by Nigeria, efficiency, and Pan-African growth

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigerian billionaire Adebayo Ogunlesi’s GIP nears deal to acquire power firm AES

Global Infrastructure Partners, founded by Adebayo Ogunlesi, is nearing a deal with EQT to acquire AES Corp. as power demand…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African pharma giant Aspen hit by mRNA contract loss

South African pharma giant Aspen reports weaker results after mRNA contract loss,…

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…

Feyisayo Ajayi Feyisayo Ajayi
Roscan Gold management at Kandiolé project in Mali
BusinessHot News

Canadian miner Roscan to invest $219 million in Mali’s Kandiolé gold project  

Canadian miner Roscan Gold Corp. plans to invest $218.7 million to develop…

Timilehin Adejumobi Timilehin Adejumobi
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