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…

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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
Tanzanian billionaire Mohammed Dewji pledges $250 million in Mozambique to expand MeTL Group’s footprint and create 20,000 local jobs.
BillionairesBusinessHot News

East Africa’s richest man Mohammed Dewji to invest $250 million in Mozambique, create 20,000 jobs

Dewji, the president and owner of MeTL Group, made the commitment after meeting Mozambican President Daniel Chapo in Maputo on…

Omokolade Ajayi Omokolade Ajayi
Engr. Mohammed Sani Jaoji
BusinessHot News

Geregu Power pays $4.45 million to clear bond default as acting CEO Mohammed Sani Jaoji steps in

The payment came shortly after Mohammed Sani Jaoji took over as acting chief executive officer on Aug. 17.

Omokolade Ajayi Omokolade Ajayi
South African-Swazi billionaire Natie Kirsh
BillionairesBusinessHot News

South African-Swazi billionaire Natie Kirsh loses $600 million as fortune falls below $20 billion

The decline comes after a sharp rise in Kirsh’s wealth earlier this year.

Omokolade Ajayi Omokolade Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

Kenya’s DTB posts $75.7 million half-year profit as loans, deposits grow

DTB’s total assets rose more than 10 percent from a year earlier to KSh675 billion ($5.21 billion) by June.

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Equity Group headquarters in Nairobi, Kenya.
BusinessHot News

East Africa’s largest lender, Equity Group, sees first-half profit top $350 million

Profit before tax increased 39 percent to KSh57.8 billion ($446.5 million), from KSh41.5 billion ($320.6 million).

Omokolade Ajayi Omokolade Ajayi
Harel Mallac & Co. Limited, a Mauritius-based diversified conglomerate.
BusinessHot News

Mauritius-based Harel Mallac returns to profit as first-half revenue hits $36 million

Revenue from continuing operations rose 12.2 percent to MUR1.68 billion ($36 million), from MUR1.49 billion ($32 million) in the same…

Omokolade Ajayi Omokolade Ajayi
Hacienda Ras El Hekma
Hot NewsBusinessLuxury

Palm Hills Developments secures $157 million financing to accelerate Palm Hills New Cairo

Palm Hills Developments secures $157 million financing to accelerate construction and deliveries at its Palm Hills New Cairo project in…

Feyisayo Ajayi Feyisayo Ajayi
Ali Dharani, Indian-born Namibian businessman
BusinessHot News

Ali Dharani: Indian-born Namibian businessman behind Rani Group’s retail empire

Indian-born Namibian businessman Ali Dharani built Rani Group from a border trading business into a nationwide retail and manufacturing empire.

Feyisayo Ajayi Feyisayo Ajayi
Adrian Basson, Whitey Basson's Son
BusinessHot News

Adrian Basson: Shoprite heir turns $3 million Hungry Lion into a 500-store fast-food empire

Adrian Basson transformed Hungry Lion from a $1 million Shoprite-linked business into a 500-store African fast-food chain across nine countries.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Namibia Consul Justin Anosike denies $1 million Dangote meeting fee

Namibia’s honorary consul in Nigeria denies seeking $1 million from Aliko Dangote to arrange a presidential meeting over a proposed…

Feyisayo Ajayi Feyisayo Ajayi
Nonesi Mall
LuxuryBusinessHot News

Vukile Property Fund opens $4.7 million Nonesi Mall expansion in South Africa

Vukile Property Fund has opened a $4.7 million Nonesi Mall expansion in South Africa, adding retail space, tenants and jobs…

Feyisayo Ajayi Feyisayo Ajayi
Richard Okello, co-founder of Sango Capital
BusinessHot News

Sango Capital takes over management of $460 million African fund portfolios  

Sango Capital takes charge of $460 million African fund portfolios, expanding its role in private equity and investment management.

WAEMU financial powerhouses
BusinessHot News

10 financial powerhouses in the WAEMU region

WAEMU’s top financial institutions are deepening credit, boosting integration and driving growth across the region’s fast-expanding economies.

Gauteng-born CEO Mpumi Madisa.
BusinessHot News

South African CEO Mpumi Madisa reveals leadership playbook at $5.1 billion Bidvest

Bidvest CEO Mpumi Madisa shares key leadership insights on steering the $5.1 billion global conglomerate and driving major corporate growth.

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 billion valuation.

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

Gold Fields overtakes Naspers as Africa’s most valuable company after its market value rises to $43.3 billion on the JSE.

Omokolade Ajayi Omokolade Ajayi
Kenyan investment manager Christine Mwangi
BusinessHot News

Kenyan manager Christine Mwangi steers AgDevCo Ventures to $49 million first close

Christine Mwangi leads AgDevCo Ventures to a $49 million first close to fund early-stage agribusinesses across East Africa.

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

South Africa’s richest man Johann Rupert has lost $1.3 billion in 11 days as Richemont shares fell 7.87 percent, reducing his fortune to $20.2 billion.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Tshepo Mahloele
BillionairesBusinessHot News

South African billionaire Tshepo Mahloele faces regulatory hurdle in multibillion-rand FlySafair deal

Tshepo Mahloele’s FlySafair acquisition faces a Competition Tribunal challenge from rival CemAir over competition concerns.

Omokolade Ajayi Omokolade Ajayi
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