South Africa power dispute deepens as Eskom faces pressure over grid control shift
BusinessTechnology

Eskom urged to shift grid control to NTCSA amid South Africa power strain

South Africa’s power sector is under fresh strain as tensions rise between Eskom and independent power producers, sharpening concerns about grid access, energy security and the pace of renewable energy investment.  A recent court ruling has brought the issue into sharper focus, raising questions about how scarce grid capacity is shared in one of Africa’s tightest electricity markets. Demand for…

Oluwatosin Alao Oluwatosin Alao
Fidelis Ayebae dividend Fidson
Hot News

Nigerian pharma mogul Fidelis Ayebae, family to pocket $1.01 million in Fidson healthcare dividend

Fidelis Ayebae and family to receive $1.01 million dividend from Fidson as profits surge and payout rises 57 percent.

Feyisayo Ajayi Feyisayo Ajayi
Andrada Mining $11m raise
BusinessHot News

Andrada Mining raises $11 million to accelerate critical minerals expansion in Namibia

Andrada Mining secured $11 million in private placement to expand tin and critical minerals production in Namibia, strengthening its balance sheet.

Feyisayo Ajayi Feyisayo Ajayi
Algeria-oil-and-gas
BusinessHot News

Algeria kicks off oil, gas licensing round to expand Africa supply

Algeria opens 2026 licensing round with seven blocks, targeting higher output, fresh capital and stronger energy ties with Europe.

Timilehin Adejumobi Timilehin Adejumobi
Mamelodi Sundowns CAF
Hot NewsSports

Patrice Motsepe’s Mamelodi Sundowns reach CAF Champions League final after defeating Esperance

Mamelodi Sundowns, owned by Patrice Motsepe, reach CAF Champions League final after 1–0 win over Espérance, sealing 2–0 aggregate victory today

Feyisayo Ajayi Feyisayo Ajayi
OCI Global 2025 revenue
BusinessHot News

Egyptian billionaire Nassef Sawiris’ OCI posts $1.6 billion revenue in 2025

OCI posts $1.61 billion 2025 revenue, up 24% year over year, driven by strong nitrogen demand and ongoing portfolio restructuring.

Feyisayo Ajayi Feyisayo Ajayi
FDH Bank dividend 2025
BusinessHot News

Malawian billionaire Thom Mpinganjira’s FDH Bank pays $6.7 million dividend in 2025

FDH Bank declares $6.7 million dividend for 2025 despite lower payout, backed by strong profit growth and rising income streams.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam MetiPro acquisition
BusinessHot News

Why Egypt’s Hassan Allam is betting on Africa’s most valuable resource with acquisition of MetiPro

Hassan Allam Holding has acquired MetiPro, the engineering, procurement, and construction (EPC) arm of Metito Group, in a strategic move to expand its footprint in water infrastructure across Africa and other emerging markets. The deal underscores a growing shift among infrastructure players toward water security, as population growth, urbanization, and climate pressures intensify demand for reliable and sustainable water systems…

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

Kenya plans $500 million debut green bond as Iran war shakes economy

Kenya plans a $500 million green bond with World Bank support as oil price shocks and global tensions pressure its economy and financing.

Omokolade Ajayi Omokolade Ajayi
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessHot News

Durban-born mining executive Nompumelelo Zikalala’s pay hits $2.1 million in 2025

Nompumelelo Zikalala earned $2.1 million in 2025 after Kumba Iron Ore reported $1.95 billion EBITDA and stronger performance.

Omokolade Ajayi Omokolade Ajayi
Sugar Beach Mauritius
LuxuryTourism

Sugar Beach Mauritius: Where luxury meets island elegance

Sugar Beach Mauritius offers beachfront luxury, sunset views, fine dining, and wellness experiences on Africa’s top island escape

Timilehin Adejumobi Timilehin Adejumobi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
BusinessHot News

Congo set to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy

Congo projected to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy, driven by mining, currency gains and IMF projections.

Omokolade Ajayi Omokolade Ajayi