Sadek El-Sewedy dividend
BusinessHot News

Egyptian businessman Sadek El-Sewedy’s stake in Elsewedy Electric nears $1.4 billion

Egyptian businessman Sadek El-Sewedy’s Elsewedy Electric stake nears $1.4 billion after shares surge more than 60% on the Egyptian Exchange.

Feyisayo Ajayi Feyisayo Ajayi
Eni steps up Egypt investment with plans for 230 oil and gas wells
BusinessHot News

Eni steps up Egypt investment with plans for 230 oil and gas wells

Eni plans to drill 230 oil and gas wells in Egypt as the Italian energy giant expands investment and targets higher production.

Oluwatosin Alao Oluwatosin Alao
Kenya Airways lawsuit financial crisis
Hot NewsBusiness

Kenya Airways loss widens to $124 million in H1 2026 as fuel costs surge

Kenya Airways’ H1 2026 loss widened to $124 million as fuel costs, supply constraints and reduced fleet capacity further pressured earnings.

Feyisayo Ajayi Feyisayo Ajayi
TransNamib Freight Train
BusinessHot News

TransNamib delays Oshikango trains as cargo volumes remain low

TransNamib has delayed regular Oshikango train services as low cargo volumes make freight operations commercially unviable along the Namibia-Angola route.

Oluwatosin Alao Oluwatosin Alao
Eskom transmission lines carrying electricity across South Africa’s power grid.
BusinessHot News

South Africa pushes $16.5 billion in public works to revive stalled economy

South Africa plans to offer $16.53 billion in public works projects for private bidding to rebuild infrastructure and revive economic growth.

Omokolade Ajayi Omokolade Ajayi
Northam Platinum
BusinessHot News

Northam Platinum sparks takeover interest after unsolicited approach

Northam Platinum shares jump after an unsolicited takeover approach, as the JSE-listed miner opens a competitive process for potential deals.

Oluwatosin Alao Oluwatosin Alao
Pearl Global Industries
LuxuryBusiness

India’s Pearl Global eyes Africa as European apparel demand grows

Pearl Global is assessing North Africa and Jordan as it expands production closer to Europe and reduces its reliance on the U.S. market.

Timilehin Adejumobi Timilehin Adejumobi
South African business leaders Noluthando Gosa and Mcebisi Jonas
BusinessHot News

Noluthando Gosa, Mcebisi Jonas-led NtisoAkhona takes stake in $40 billion trust firm

NtisoAkhona, led by Noluthando Gosa and Mcebisi Jonas, acquired a minority stake in FundRock Collective Investments, which manages $40 billion in assets.

Omokolade Ajayi Omokolade Ajayi
Hakeem Belo-Osagie
BusinessExclusiveHot News

Hakeem Belo-Osagie: Nigerian tycoon who ranked among Africa’s richest with a $600 million fortune in 2014

Hakeem Belo-Osagie built a diverse business empire across banking, energy, technology and real estate, with a $600 million fortune in 2014.

Omokolade Ajayi Omokolade Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopia’s richest man, Mohammed Al Amoudi, adds $100 million to his fortune

Mohammed Al Amoudi has added another $100 million to his fortune, taking his net worth to $10.2 billion.

Omokolade Ajayi Omokolade Ajayi
Equinor energy company
BusinessHot News

Equinor sees Tanzania’s $42 million LNG project gaining appeal as Hormuz disrupted

Tanzania LNG project gains appeal as Hormuz disruptions push Equinor to seek more secure global gas supplies.

Timilehin Adejumobi Timilehin Adejumobi
GoldFields
Hot NewsBusiness

Gold Fields profit surges to $1.9 billion in H1 2026 as shareholder returns rise

Gold Fields’ H1 2026 profit jumped 81% to $1.85 billion as higher gold prices, stronger production and shareholder returns boosted results.

Feyisayo Ajayi Feyisayo Ajayi