Business

Manu Chandaria Comcraft Group
BusinessHot News

Privately held for 70 years: What Kenyan industrialist Manu Chandaria is doing with the billion-dollar Comcraft Group

At 96, Manu Chandaria steers Comcraft toward IPOs, ending 70 years private ownership of a billion-dollar industrial group with global…

Feyisayo Ajayi Feyisayo Ajayi
TECOMA-PARK-RENDER
BusinessLuxury

Growthpoint Properties unveils $24.7 million coastal development project   

Growthpoint starts $24.7 million Tecoma Park logistics project in KwaZulu-Natal, expanding coastal portfolio with 36,830 square meters by 2027.

Timilehin Adejumobi Timilehin Adejumobi
Africa’s $10 billion giants reshape global investment
BusinessHot News

Naspers becomes Africa’s first $50 billion company

Naspers hits $50 billion valuation, driven by Tencent gains, AI momentum, and e-commerce profits—marking a historic first for an African-listed…

Omokolade Ajayi Omokolade Ajayi
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Latest Business News
Meta tracks staff activity to train AI, raising privacy concerns
AI Training

Meta taps employee activity data to boost AI development efforts

Meta Platforms is stepping up its investment in artificial intelligence, turning to employee activity data to improve how its systems learn and perform everyday tasks. The move highlights a growing shift across Silicon Valley, where companies are building AI tools that can handle routine office work with limited supervision.  The company is introducing software that records how staff use their computers, capturing details such as mouse movements, clicks and keystrokes. Executives say this type of real-world data is essential to…

Oluwatosin Alao Oluwatosin Alao
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Proparcoo
Africa investment

Proparco invests $17 million in African firms to boost growth

Proparco invests $17 million in Alterra fund to expand African businesses, supporting jobs, growth, and key sectors.

Timilehin Adejumobi Timilehin Adejumobi
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Capitec dividend 2026
Capitec dividend 2026

South African billionaire Michiel Le Roux set for $64 million Capitec dividend

Michiel Le Roux set for $64 million payout as Capitec boosts dividend on stronger earnings and rising digital banking growth.

Feyisayo Ajayi Feyisayo Ajayi
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Capitec Bank
Bank

South Africa’s Capitec profit tops $1 billion as customers reach record 26 million

Capitec posts its first annual profit above $1 billion as its clients rise to a record 26 million, driven by lending and digital services.

Omokolade Ajayi Omokolade Ajayi
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Remgro FirstRand exit
Featured

South African billionaire Johann Rupert’s Remgro exits FirstRand with $515 million sale

Remgro exits FirstRand after R8.47 billion ($515 million) share sales, unlocking capital for new investments as the group reshapes its portfolio.

Feyisayo Ajayi Feyisayo Ajayi
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Jamil Abubakar, Dangote Group infrastructure and logistics chief, appointed as Aliko Dangote expands trade and logistics operations across Africa.
Aliko Dangote

Aliko Dangote’s son-in-law, Jamil Abubakar, takes leadership role at Dangote Group

Jamil Abubakar becomes Dangote Group infrastructure and logistics chief as Aliko Dangote expands African trade network.

Omokolade Ajayi Omokolade Ajayi
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LEVA Hotels signs $1B Bulawayo hotel deal, boosts Zimbabwe tourism
Bulawayo hotels

LEVA Hotels signs deal with Radar Properties for Kings City hotel in Zimbabwe

LEVA Hotels is expanding its presence in Southern Africa with a new hospitality project in Bulawayo, pointing to renewed investor interest in Zimbabwe’s tourism and real estate sectors. The Dubai-based brand has signed a management agreement with Radar Properties to develop a $1 billion lifestyle hotel within the Kings City mixed-use development.  The agreement reflects a wider shift among international hotel operators toward emerging African markets, where improving infrastructure and steady travel demand are opening new opportunities. Zimbabwe, known for…

Oluwatosin Alao Oluwatosin Alao
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Outgoing Chief Executive Officer John Lamola
Aviation

SAA under scrutiny after CEO John Lamola’s exit as AG flags weak controls, revenue leaks

South African Airways faces scrutiny after John Lamola’s exit as AG flags weak financial controls, revenue leakages and poor reporting standards.

Omokolade Ajayi Omokolade Ajayi
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OCI Global Methanex exit strategy
Featured

Nassef Sawiris-backed OCI exits Methanex stake, nets $370 million from share sales

OCI Global exits Methanex stake after $370 million sell-down, completing phased divestment and sharpening focus on core nitrogen assets.

Feyisayo Ajayi Feyisayo Ajayi
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