Omokolade Ajayi

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MTN CEO Ralph Mupita earns $4.1 million as telecom giant returns to profit

MTN Group posts $2.81 billion profit; CEO Ralph Mupita takes home $4.1 million in 2025 compensation.

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Hot NewsBusiness

Nigeria’s inflation eases to 15.06% in February but monthly pressures rise

Nigeria’s inflation eased to 15.06% in February, but monthly price pressures intensified for households.

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Hot NewsBusiness

Shoprite enters community banking through R&A Cellular acquisition

Shoprite acquires R&A Cellular to expand digital payments and financial services through local spaza shops.

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Hot NewsBillionairesBusiness

South African billionaire Koos Bekker loses $400 million in two months

South African billionaire Koos Bekker loses $400 million as Naspers and Prosus shares fall amid global market pressures.

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South African businessman Robert Gumede’s Vision Group seeks solution to Tongaat Hulett’s financial crisis

Robert Gumede’s Vision Group pursues a solution to rescue Tongaat Hulett, aiming to preserve its financial and social value.

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Hot NewsTechnology

Senegalese-American executive Aicha Evans’ Zoox taps Uber to offer robotaxi rides in Las Vegas and LA

Aicha Evans’ Zoox partners with Uber to launch driverless robotaxis in Las Vegas this summer and Los Angeles in 2027.

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BusinessHot News

Rising oil prices may ease Algeria’s budget strain, boost reserves

Oil price surge supports Algeria’s budget, while other African nations face inflation and import costs.

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BillionairesHot News

Ken Sharpe’s WestProp woos South African retailers for $100 million Mall of Zimbabwe

WestProp courts South African retailers for its $100 million Mall of Zimbabwe, a flagship project set to reshape Harare’s retail landscape.

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Hot NewsBusiness

Surging oil prices put South Africa’s fragile recovery at risk

Brent above $100 raises inflation and growth risks for South Africa as conflict drives volatile oil markets and higher fuel costs.

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South African billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

South African billionaire Patrice Motsepe to receive $27.1 million dividend

Patrice Motsepe will receive $27.1 million as African Rainbow Minerals pays a higher interim dividend after strong earnings growth.

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Hot NewsBusiness

Africa’s largest insurer, Sanlam, bets on India to drive future growth

Sanlam, Africa's largest insurer, bets on India as a major growth engine, aiming to surpass South Africa in future earnings.

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Hot NewsBusiness

Nigerian billionaire Tony Elumelu backs African entrepreneurs with $100 million over 15 years

Nigerian billionaire Tony Elumelu has invested over $100 million in African startups over 15 years, supporting 24,000 entrepreneurs.

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