Coty
BusinessCompaniesEntrepreneursHot NewsLifestyleLuxury

Coty’s Q1 2027 results weaken months after exit of Algerian entrepreneur Sue Nabi

Coty, the American beauty giant behind brands including Hugo Boss, Burberry, Calvin Klein and CoverGirl, continued to face pressure on…

Feyisayo Ajayi Feyisayo Ajayi
Tasneem Abdool-Samad
BusinessExecutivesHot News

Absa Group director Tasneem Abdool-Samad to join Shoprite board in March 2027

Absa director Tasneem Abdool-Samad will join Shoprite’s board in March 2027, bringing extensive audit, risk and corporate governance experience.

Feyisayo Ajayi Feyisayo Ajayi
MCB wins awards for $400 million energy deal
BusinessBankingHot NewsLatest

Mauritius’ MCB inks $20 million deal with GreenYellow to develop 17 solar plants

MCB and GreenYellow sign a $20 million deal to develop 17 solar plants in Mauritius, adding more than 25 MW…

Feyisayo Ajayi Feyisayo Ajayi
Lombard
Hot News

Bonifacio brothers win court battle against Lombard Insurance over $6 million Kusile dispute

Jorge and Sergio Bonifacio defeat Lombard Insurance’s bid to sequestrate them over a $6 million indemnity dispute linked to Eskom’s…

Feyisayo Ajayi Feyisayo Ajayi
Saifee Durbar
BusinessEnergyHot News

Businessman Saifee Durbar eyes Lake Albert oil blocks amid questions over credentials

Saifee Durbar eyes DRC's Lake Albert oil blocks as Congolese authorities raise concerns about his business background and credentials.

Feyisayo Ajayi Feyisayo Ajayi
Congo reverses Falcon 7X seizure 6 years after Lebanese businessman’s $2.5 billion claims
BusinessHot News

Congo reverses Falcon 7X seizure 6 years after Lebanese businessman’s $2.5 billion claims

A French court orders the return of Congo President Denis Sassou-Nguesso’s Falcon 7X, reversing a 2020 seizure linked to $2.5…

Feyisayo Ajayi Feyisayo Ajayi
Kenyan businesswoman and executive Sylvia Mulinge
BusinessCompaniesHot News

Sylvia Mulinge powers MTN Uganda to $141 million profit in 9M 2026

The quarterly performance prompted directors to approve another interim cash distribution, taking total payouts declared this year to Ush21.25 ($0.0053)…

Omokolade Ajayi Omokolade Ajayi
Supermarket Income REIT
BusinessCompaniesHot News

Supermarket Income REIT raises $80 million to expand British store network

Management plans to blend the newly minted equity with existing debt facilities to push the transactions across the finish line.

Omokolade Ajayi Omokolade Ajayi
Truworths International
BusinessCompaniesHot News

Truworths sales drop 4.3% to $393 million as consumer squeeze persists

The top-line contraction reflected tightening household budgets, but management pulled back on aggressive discounting to shield operating margins.

Omokolade Ajayi Omokolade Ajayi
Peter Ndegwa, CEO of Safaricom.
BusinessHot NewsTechnology

Kenyan executive Peter Ndegwa leads Safaricom to record $388 million half-year profit

The half-year haul, up from Ksh29.19 billion ($224.71 million) a year earlier, reflected resilient domestic demand and dramatically reduced losses…

Omokolade Ajayi Omokolade Ajayi
Philisiwe Sibiya
BusinessEntrepreneursExecutivesHot NewsLatest

South African court dismisses claim against Philisiwe Sibiya’s Shingai Group

South African court dismisses a R4.378 million ($263,524) claim against Philisiwe Sibiya’s Shingai Group, allowing the company to defend the case at trial.

Garden Route bridge
BusinessTourism

South Africa vows to finish Garden Route bridge after decade-long delay

South Africa pushes to complete delayed Garden Route N2 bridge project after contractor failures and years of construction setbacks.

Grindrod completes first freight test under South Africa’s open-access rail plan
BusinessHot News

Grindrod completes first freight test under South Africa’s open-access rail plan

Grindrod completes a 2,991-tonne freight test in South Africa as it prepares to launch private rail services and transport coal to Mozambique.

Oluwatosin Alao Oluwatosin Alao
Cisco cybersecurity at Cybastion
TechnologyBusiness

Cybastion launches Cisco-powered cybersecurity center in Abidjan

Cybastion and Cisco open a cybersecurity center in Abidjan to strengthen African cyber defense and train 200,000 people by 2030.

Timilehin Adejumobi Timilehin Adejumobi
Coty
BusinessCompaniesEntrepreneursHot NewsLifestyleLuxury

Coty’s Q1 2027 results weaken months after exit of Algerian entrepreneur Sue Nabi

Coty, the American beauty giant behind brands including Hugo Boss, Burberry, Calvin Klein and CoverGirl, continued to face pressure on revenue and profitability 10 months after the departure of Algerian-born French entrepreneur Youcef Sue Nabi, reporting a 1.39% decline in revenue to $1.56 billion in the first quarter of fiscal 2027. The performance marked a slower pace of contraction compared…

Feyisayo Ajayi Feyisayo Ajayi
Coty
BusinessCompaniesEntrepreneursHot NewsLifestyleLuxury

Coty’s Q1 2027 results weaken months after exit of Algerian entrepreneur Sue Nabi

Coty, the American beauty giant behind brands including Hugo Boss, Burberry, Calvin Klein and CoverGirl, continued to face pressure on revenue and profitability 10 months after the departure of Algerian-born French entrepreneur Youcef Sue Nabi, reporting a 1.39% decline in revenue to $1.56 billion in the first quarter of fiscal 2027. The performance marked a slower pace of contraction compared…

Feyisayo Ajayi Feyisayo Ajayi
Flooded Kruger National Park Entrance
TourismBusiness

Kruger National Park grapples with $29.2 million funding gap after floods  

Kruger National Park faces a $29.2 million funding gap as flood recovery puts South Africa's tourism infrastructure under pressure.

Timilehin Adejumobi Timilehin Adejumobi
Tourists in Kenya
TourismTravels

Kenya targets nearly 200,000 UK tourists as arrivals set to rise 16.8%

Kenya targets 199,645 UK visitors in 2026, using airline partnerships, digital marketing and new tourism experiences to drive growth.

Timilehin Adejumobi Timilehin Adejumobi
ARM's non-executive chairman, Patrice Motsepe.
BusinessBillionairesHot NewsLatestMining

Patrice Motsepe’s ARM faces fresh delay in bid to liquidate 2 South African mining firms

Patrice Motsepe’s ARM faces another court delay in its bid to liquidate two South African mining firms over creditor opposition.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola
BusinessBankingBillionairesHot NewsLatest

Femi Otedola’s First HoldCo stake slips to $1 billion, shedding $328 million in 3 days

Femi Otedola’s First HoldCo stake slips to $1.07 billion after a 23% share price decline wipes $328 million off its value in three days.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest person Aliko Dangote
BusinessBillionairesEnergyHot NewsLatest

Aliko Dangote’s $327 million investment boosts Kenya Pipeline Company’s value by $834 million

Kenya Pipeline Company gains $834 million in market value after Aliko Dangote acquires a 24.76% stake, driving shares to record highs.

Feyisayo Ajayi Feyisayo Ajayi