Phillip Tobias African Rainbow Minerals
BusinessHot News

Phillip Tobias: Mining engineer steering Patrice Motsepe’s $2.3 billion African Rainbow Minerals

Phillip Tobias leads African Rainbow Minerals, steering strategy and operations through commodity volatility and profit pressures.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBillionairesBusiness

GTBank co-founder Fola Adeola eyes $4 million dividend from Nigerian energy giant Aradel

The proposed payout forms part of a final dividend distribution of N99.93 billion ($73.4 million) to shareholders.

Omokolade Ajayi Omokolade Ajayi
South Korea’s Hyundai Rotem.
Hot NewsBusiness

Hyundai Rotem wins $487 million deal to maintain Morocco’s electric train fleet

The deal covers the full 440-car fleet Hyundai Rotem is delivering to Morocco’s national rail operator, ONCF.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Rasik Kantaria
Hot NewsBusiness

Kenyan banker Rasik Kantaria to get $4.9 million dividend from Mauritius-based lender FMBcapital

Together with an interim dividend of $1.57 million paid earlier in the year, Kantaria’s total dividend for the period will…

Omokolade Ajayi Omokolade Ajayi
Port of Cape Town
BusinessHot News

Port of Cape Town ranks last globally, sparking urgent privatization push

While other ports in the national network show signs of progress through new partnerships, Cape Town continues to lag because…

Omokolade Ajayi Omokolade Ajayi
Beninese-Gabonese oil mogul Samuel Dossou-Aworet.
BillionairesBusinessHot News

Beninese-Gabonese oil mogul Samuel Dossou-Aworet buys Aradel shares worth $221 million

The transaction, valued at N300.6 billion ($221 million), represents a 3.95 percent stake in the company.

Omokolade Ajayi Omokolade Ajayi
Heriot REIT Katleho acquisition
BusinessHot News

Heriot REIT to acquire 75% stake in Katleho Property Investments in $7.84 million deal

Heriot REIT to acquire 75% of Katleho Property Investments in $7.84 million deal, expanding income-generating office assets portfolio.

Feyisayo Ajayi Feyisayo Ajayi
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
Luxury hotels Mauritius ultra-wealthy
LuxuryHot News

10 luxury hotels in Mauritius catering to ultra-wealthy guests

Mauritius has emerged as a discreet haven for billionaires, offering villa-only resorts, private beaches and precision service rivaling the Maldives.

From South Africa, Seabourn Quest continues north through the Atlantic toward Europe, ending in Dover, England
TourismLuxury

Seabourn centers 2028 Cape-to-Cape world cruise on South Africa

At a Glance Luxury cruise operator Seabourn is putting South Africa at the center of its 2028 Cape to Cape World Cruise, a move that reflects the country’s growing pull among high-spending, long-haul travelers.  The 120-day journey, aboard Seabourn Quest, is designed as a global crossing rather than a point-to-point holiday, linking the Americas, Antarctica, Africa and Europe in a…

Phillip Tobias African Rainbow Minerals
BusinessHot News

Phillip Tobias: Mining engineer steering Patrice Motsepe’s $2.3 billion African Rainbow Minerals

Phillip Tobias leads African Rainbow Minerals, steering strategy and operations through commodity volatility and profit pressures.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBillionairesBusiness

GTBank co-founder Fola Adeola eyes $4 million dividend from Nigerian energy giant Aradel

Fola Adeola to receive over $4 million dividend from Aradel Holdings after record 2025 profit driven by strong earnings and acquisitions.

Omokolade Ajayi Omokolade Ajayi
South Korea’s Hyundai Rotem.
Hot NewsBusiness

Hyundai Rotem wins $487 million deal to maintain Morocco’s electric train fleet

Hyundai Rotem signs a $487.3 million, 20-year deal to maintain Morocco’s 440 electric trains under a major rail expansion program.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Rasik Kantaria
Hot NewsBusiness

Kenyan banker Rasik Kantaria to get $4.9 million dividend from Mauritius-based lender FMBcapital

Rasik Kantaria secures a $4.9 million dividend as regional lender FMBcapital reports record profits of $152.2 million.

Omokolade Ajayi Omokolade Ajayi
Port of Cape Town
BusinessHot News

Port of Cape Town ranks last globally, sparking urgent privatization push

Cape Town urges Transnet reforms after Port of Cape Town ranks last in global index amid delays, equipment failures, and trade concerns.

Omokolade Ajayi Omokolade Ajayi
Beninese-Gabonese oil mogul Samuel Dossou-Aworet.
BillionairesBusinessHot News

Beninese-Gabonese oil mogul Samuel Dossou-Aworet buys Aradel shares worth $221 million

He acquired 171,793,774 ordinary shares through Petrolin Trading Limited, strengthening his position in Nigeria’s energy sector.

Omokolade Ajayi Omokolade Ajayi
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