Companies

Mauritius’ ER Group
CompaniesBusinessHot News

Mauritius’ ER Group posts $153.7 million profit as hospitality drives growth

Profit before tax rose to MUR9.05 billion ($188.8 million) from MUR6.17 billion ($128.7 million) on a pro forma basis.

Omokolade Ajayi Omokolade Ajayi
Anix Trading
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Peter Makama’s Anix Trading faces fresh legal hurdles in $1.1 million municipal dispute

Peter Makama’s Anix Trading faces a halt to enforcement of a R20.04 million ($1.1 million) award as Lesedi municipality’s appeal…

Feyisayo Ajayi Feyisayo Ajayi
OCI Global
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OCI faces shareholder challenge over NNS cash offer, Orascom deal

OCI Global responds to shareholder concerns over NNS’ cash offer, dividend tax structure and proposed combination with Orascom Construction.

Feyisayo Ajayi Feyisayo Ajayi
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Shoprite plans new Checkers toy stores
BusinessCompanies

Shoprite plans new Checkers toy stores in South Africa

Shoprite is considering standalone Checkers toy stores in South Africa’s $606.5 million toy market, challenging established retailers Toys “R” Us and Toy Kingdom.

Oluwatosin Alao Oluwatosin Alao
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BusinessCompanies

Egypt’s TMG, AXA offer 10-year health coverage to The Spine buyers

TMG AXA partnership gives buyers at Egypt's The Spine development 10 years of medical insurance coverage after unit delivery.

Timilehin Adejumobi Timilehin Adejumobi
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Crookes Brothers
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Crookes Brothers seeks new company secretary after Highway Corp resignation

Crookes Brothers seeks a new company secretary after Highway Corporate Services resigns, following John Acutt’s planned retirement on November 30, 2026.

Feyisayo Ajayi Feyisayo Ajayi
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Tongaat Hulett
BusinessCompaniesHot News

South African sugar giant Tongaat Hulett to exit JSE after 74 years

Tongaat Hulett will leave the JSE after 74 years, ending its market presence as shareholders face no expected recovery from business rescue.

Oluwatosin Alao Oluwatosin Alao
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South Africa's Boxer Retail Limited
BusinessCompaniesHot News

South Africa’s Boxer hits $1.46 billion in sales as bargain hunters fuel growth

Boxer hits $1.46 billion in sales, clearing debt and raising dividends as value shoppers flock to its discount aisles across Southern Africa.

Omokolade Ajayi Omokolade Ajayi
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Africa's food giant, BUA Foods
BusinessCompaniesHot News

Africa’s food giant, BUA Foods, pays out nearly $1 billion to investors in 5 years

BUA Foods delivered nearly $1 billion in dividends over five years, defying naira devaluation with strong pricing power, scale, and record profits.

Omokolade Ajayi Omokolade Ajayi
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Limpopo biggest farms
BusinessCompaniesHot News

10 biggest farms in South Africa’s Limpopo province

Shore Africa unveils 10 of Limpopo’s biggest farms, from historic Zebediela Citrus Estate to major avocado, citrus and vegetable producers in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
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Standard Bank Office
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South Africa’s Standard Bank backs Nigeria-focused OPay with $185 million

Standard Bank is backing Nigeria-focused fintech giant OPay with a $185 million investment as the payments operator prepares for a New York listing.

Omokolade Ajayi Omokolade Ajayi
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kenya Airways
BusinessCompanies

Kenya Airways secures $350 million in government-backed financing

Kenya Airways $350 million financing has won Cabinet approval as the carrier seeks to fund aircraft maintenance and restore grounded planes.

Timilehin Adejumobi Timilehin Adejumobi
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