Italtile
Hot News

Italtile to exit Australia, CEO to step down as revenue slips to $548 million

Italtile is reviewing an Australia exit as revenue falls to $548 million amid weaker ceramics demand, declining profit and margins, while CEO Lance Foxcroft steps down.

Feyisayo Ajayi Feyisayo Ajayi
Sabvest Capital expands South Africa investments with Frogfoot, Vox stakes
BusinessTechnology

Sabvest Capital expands South Africa investments with Frogfoot, Vox stakes

Sabvest Capital will invest $47 million for an 8.97% stake in Frogfoot and Vox, expanding its exposure to South Africa’s fibre market.

Oluwatosin Alao Oluwatosin Alao
Cleanergy Solutions Namibia
BusinessHot News

Namibia launches Africa’s first green hydrogen hub

Namibia green hydrogen is gaining ground as Walvis Bay opens Africa’s first integrated facility linking solar power, storage and transport.

Timilehin Adejumobi Timilehin Adejumobi
Abbotts High School in South Africa
BusinessExclusive

Advtech to open new Abbotts High School in South Africa in January 2027

Advtech will open Abbotts High School Bordeaux in January 2027 as it expands its South African private school network and reshapes its brands.

Oluwatosin Alao Oluwatosin Alao
MTN CEO Ralph Mupita
BusinessHot News

MTN profit declines to $752 million as South African business weighs on earnings

MTN profit in H1 2026 fell to $752 million as weaker South African earnings offset strong growth in Nigeria, Ghana, data and fintech.

Feyisayo Ajayi Feyisayo Ajayi
Telecom Egypt
BusinessHot News

Telecom Egypt enters FTSE Russell Index as market value hits $3.9 billion

Telecom Egypt FTSE Index entry follows a $3.9 billion valuation, stronger profits and a Mid Cap upgrade in FTSE Russell’s review.

Timilehin Adejumobi Timilehin Adejumobi
State-owned power utility Eskom
BusinessHot News

South Africa’s Johannesburg pays $328 million Eskom debt to avert blackouts

Johannesburg has paid Eskom more than $328 million in overdue electricity bills, averting potential power cuts across the city.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BusinessBillionairesHot News

SA billionaire Patrice Motsepe’s ARM expects earnings to rise as much as 22%

Patrice Motsepe’s ARM expects earnings to rise as much as 22 percent as stronger platinum prices offset weaker iron ore earnings.

Omokolade Ajayi Omokolade Ajayi
Israeli-born mining executive Yoram Dvash
BusinessHot News

Israeli-born mining executive Yoram Dvash named chairman of Botswana’s Okavango Diamond Company

Yoram Dvash takes the helm as chairman of Botswana’s Okavango Diamond Company.

Omokolade Ajayi Omokolade Ajayi
Nigerian oil mogul Wale Tinubu
Hot NewsBusinessExclusive

Oando’s assets near $6 billion as Nigerian oil mogul Wale Tinubu drives growth

Oando’s total assets have risen to $5.84 billion as Wale Tinubu expands the company’s upstream oil portfolio.

Omokolade Ajayi Omokolade Ajayi
Stellenbosch-based investment holding company Remgro Limited
BusinessHot News

South Africa’s $6.3 billion giant Remgro proves why culture drives success

Remgro says its people remain central to its long-term success as the $6.3 billion investment group strengthens its portfolio and culture.

Omokolade Ajayi Omokolade Ajayi
Seychelles tropical beach
TourismLuxury

Kenya Airways, Seychelles team up to promote Twin-Centre Africa holidays

Kenya Airways and Seychelles are promoting twin-centre holidays that combine Kenya safaris with Seychelles beaches for North American travellers.

Oluwatosin Alao Oluwatosin Alao