Capitec Mouton stake exceeds $2 billion
BusinessHot News

South African billionaire Jannie Mouton’s Capitec stake exceeds $2 billion

Mouton family’s Capitec stake tops $2 billion as share rally boosts value and investor confidence on Johannesburg Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi
Zeder asset disposal strategy
BusinessHot News

PSG arm Zeder exits eight assets in six years as it shifts to “harvesting” mode

Zeder exits eight assets in six years, raising R11.09 billion ($675 million) as it shifts from expansion to harvesting and…

Feyisayo Ajayi Feyisayo Ajayi
Prosus N.V
TechnologyBusinessHot News

Prosus projects 28% profit surge on Tencent, e-commerce gains

Prosus said core headline earnings per share from continuing operations are expected to rise between 19 percent and 28 percent.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Aradel profit jumps to $555 million as gas, oil acquisitions pay off

The surge in profit was driven by higher revenue and one-off gains linked to business combinations

Omokolade Ajayi Omokolade Ajayi
South African banking executive Andiswa Bata.
BusinessHot News

South African executive Andiswa Bata gets $1.2 million Nedbank pay

The package combines guaranteed pay, short-term incentives, dividends of R442,000, and a settled portion of a buyout tied to her…

Omokolade Ajayi Omokolade Ajayi
Malawi’s richest man Hitesh Anadkat.
BillionairesBusinessHot News

Malawi’s richest man Hitesh Anadkat set for $7.47 million FMBcapital payout

The 66-year-old Indian-Malawian businessman owns a 45.35 percent stake in FMBcapital, equivalent to about 1.11 billion shares.

Omokolade Ajayi Omokolade Ajayi
Stefanutti Stocks chair retirement
BusinessHot News

Stefanutti Stocks chair Zanele Matlala to retire after August AGM

Stefanutti Stocks chair Zanele Matlala will retire after Aug. 7 AGM, prompting board reshuffle and leadership transition.

Feyisayo Ajayi Feyisayo Ajayi
Naspers Limited, the Cape Town-based group chaired by Koos Bekker.
TechnologyBusinessHot News

South African giant Naspers forecasts 28% earnings jump on e-commerce growth

The company guided that core headline earnings per share could rise between 20.8 percent and 27.8 percent.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe’s richest man Strive Masiyiwa.
BillionairesBusinessHot News

Zimbabwe’s richest man Strive Masiyiwa shares lesson from failed Nigerian investment pitch

The investor’s response left a lasting mark. What appears simple from the outside, he said, often reflects years of experience,…

Omokolade Ajayi Omokolade Ajayi
NCBA model
BusinessHot News

How African entrepreneurs can build a car business empire using NCBA’s vehicle model

African entrepreneurs can build scalable auto empires with NCBA model by controlling financing, resale, and distribution across the full vehicle…

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe, Africa’s first Black billionaire, rebounds after $800 million drop

The gain trims part of an earlier slide that saw his fortune come under pressure over several months.

Omokolade Ajayi Omokolade Ajayi
Datatec Westcon refinancing
BusinessHot News

Datatec to pay out $434 million after $400 million Westcon refinancing deal

Datatec will return $434 million to shareholders after raising $400 million via Westcon refinancing with General Atlantic deal.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola takes First HoldCo shares worth over $30 million at nearly 40% discount

Otedola acquired 672.9 million shares of First HoldCo Plc, paying N29.6 billion ($21.8 million), further consolidating his position as the…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Mauritius’ Zafiri launches $176 million vehicle to expand energy access across sub-Saharan Africa

Zafiri launches a $176 million platform to expand electricity access across sub-Saharan Africa through distributed renewable energy investments.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya stake increase
BusinessHot News

Absa Group targets additional 16.5% stake in Absa Kenya in $240 million deal

Absa Group will spend $240 million to lift its stake in Absa Kenya to 85%, intensifying East Africa banking competition…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian executive Modupe Kadri.
Hot NewsBusiness

MTN Nigeria CFO Modupe Kadri lifts stake past $1.5 million with new share buy

The latest transactions increased Kadri’s total holdings in MTN Nigeria from 1,341,468 shares as of Dec. 31, 2025, to 2,655,200…

Omokolade Ajayi Omokolade Ajayi
Castellana Properties earnings
BusinessHot NewsLuxury

Vukile’s Castellana Properties posts record $193 million profit as Iberian portfolio tops $2.5 billion

Castellana Properties, Vukile’s Spanish arm, posts record $193 million profit as Iberian portfolio surpasses $2.5 billion in assets, driven by…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

South African billionaire Christo Wiese’s Brait plots Virgin Active IPO in $152 million public market push

The move marks a fresh phase in a long-running effort to reduce leverage across the portfolio while preparing its most…

Omokolade Ajayi Omokolade Ajayi
The Central Bank of Nigeria.
Hot NewsBusiness

Oil exports lift Nigeria’s current account surplus to $4.98 billion in Q1 2026

The Central Bank of Nigeria said the improvement reflected higher export earnings and reduced import pressure in the energy trade.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Nancy Njau.
Hot NewsBusiness

Investors eye gains as Kenyan banker Nancy Njau leads Family Bank to $230 million listing

The move will position the lender as the eleventh-largest bank by market value on the local bourse and hand immediate…

Omokolade Ajayi Omokolade Ajayi
Egyptian billionaire Naguib Sawiris.
Hot NewsBillionairesBusiness

Egyptian billionaire Naguib Sawiris’ net worth rises nearly $1 billion as gold fuels gains

Naguib Sawiris’ wealth has climbed by nearly $1 billion this year, reaching about $11.6 billion as surging gold prices boost his mining-linked investments.

20 highest mountains in Africa
TourismHot News

20 highest mountains in Africa

Explore Africa's 20 highest mountains—iconic peaks rich in biodiversity, culture, and adventure allure.

Chris Seabrooke, CEO of Sabvest Capital Ltd.
BusinessHot News

Sabvest Capital CEO Christopher Seabrooke takes $1.9 million pay in 2025

Christopher Seabrooke Sabvest pay totals $1.9 million as Sabvest Capital posts stronger 2025 earnings and asset growth.

Timilehin Adejumobi Timilehin Adejumobi
West Wits Mining Site
BusinessHot News

West Wits closes $68 million deal for South Africa gold asset

West Wits Qala Shallows Gold Project secures $68 million funding, accelerating South Africa gold production growth plans.

Timilehin Adejumobi Timilehin Adejumobi
Capitec Mouton stake exceeds $2 billion
BusinessHot News

South African billionaire Jannie Mouton’s Capitec stake exceeds $2 billion

Mouton family’s Capitec stake tops $2 billion as share rally boosts value and investor confidence on Johannesburg Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi
konkola copper mine
BusinessHot News

Zambia bets on Vedanta’s CopperTech IPO to drive $2.7 billion growth plan

CopperTech IPO could accelerate Zambia's $2.7 billion Konkola Copper Mines expansion and boost copper output by 2031.

Timilehin Adejumobi Timilehin Adejumobi
Zeder asset disposal strategy
BusinessHot News

PSG arm Zeder exits eight assets in six years as it shifts to “harvesting” mode

Zeder exits eight assets in six years, raising R11.09 billion ($675 million) as it shifts from expansion to harvesting and capital returns for shareholders gains

Feyisayo Ajayi Feyisayo Ajayi
Prosus N.V
TechnologyBusinessHot News

Prosus projects 28% profit surge on Tencent, e-commerce gains

Prosus expects earnings growth up to 28 percent, driven by strong performance across its internet portfolio and Tencent gains.

Omokolade Ajayi Omokolade Ajayi
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