flysafair-airline-plane-close-view
BusinessHot News

South Africa’s CemAir moves to block Harith’s FlySafair acquisition

CemAir moves to block the FlySafair acquisition, citing competition concerns over Lanseria Airport and aviation infrastructure.

Timilehin Adejumobi Timilehin Adejumobi
BusinessBillionairesHot News

Nigerian billionaire Femi Otedola boosts stake in FirstHoldCo with shares worth $15 million

Femi Otedola has raised his First HoldCo stake above 26% after buying N18.11 billion in shares, lifting his holding’s value to about N1.7 trillion ($1.3 billion).

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica flows gas at Namibia discovery, advances 1,000-metre horizontal test

ReconAfrica has flowed gas and potential liquids at its Namibia discovery, advancing a 1,000-metre horizontal test of the Huttenberg formation.

Feyisayo Ajayi Feyisayo Ajayi
Park boutique Hotel
LuxuryHot NewsTourism

Park Avenue boutique estate enters South Africa property market at $7 million

Park Avenue estate in Hout Bay, enters the Western Cape province of South Africa’s luxury property market at $7 million, with hotel zoning and extensive hospitality facilities.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot News

Dangote, local refiners eye up to $328 million savings in crude swap plan

Nigerian refiners, including Dangote, eye up to $328.8 million in operational savings under a new domestic crude oil logistics swap mechanism.

Omokolade Ajayi Omokolade Ajayi
Ernest Azudialu-Obiejesi
Hot NewsBillionairesBusiness

Nigeria’s EFCC recovers $60 million from Ernest Azudialu-Obiejesi’s Nestoil

Nigeria’s EFCC has recovered $60 million from Ernest Azudialu-Obiejesi’s Nestoil to settle a portion of its multibillion-dollar debt with commercial banks.

Omokolade Ajayi Omokolade Ajayi
South African food producer RCL Foods
BusinessHot News

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

RCL Foods expects earnings to fall up to 35 percent as sugar imports, pet food disruptions and impairments pressure results.

Omokolade Ajayi Omokolade Ajayi
Airtel & Starlink
TechnologyBusiness

Airtel and Starlink launch Africa’s first satellite-to-phone service in DRC  

Airtel and Starlink bring satellite-to-phone connectivity to the DRC, extending mobile coverage beyond traditional telecom towers.

Timilehin Adejumobi Timilehin Adejumobi
Nonesi mall gets $4.68 million upgrade
BusinessLuxury

South Africa’s Nonesi mall gets $4.68 million upgrade in Eastern Cape

Nonesi Mall in South Africa’s Eastern Cape is getting a R76.1 million upgrade, adding retail space, new tenants and 356 jobs.

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Zimbabwean investor Richard Ngwenya’s property business targeted in $1.2 million VFD dispute

VFD Group seeks to freeze five properties linked to Richard Ngwenya over an alleged R20 million ($1.23 million) investment dispute involving A2Pay Holdings.

Feyisayo Ajayi Feyisayo Ajayi
Thungela Resources Limited
Hot NewsBusiness

South Africa’s Thungela posts $85.7 million profit as coal prices rise

Thungela reports an 85.7 million dollar profit as higher coal prices and stronger production lift earnings and dividend.

Omokolade Ajayi Omokolade Ajayi
L’Imad moves to take full ownership of Abu Dhabi’s AD Ports
BusinessGlobal News

L’Imad moves to take full ownership of Abu Dhabi’s AD Ports

L’Imad plans to acquire full ownership of AD Ports Group with a $8.6 billion offer as Abu Dhabi expands its control of key logistics assets.

Oluwatosin Alao Oluwatosin Alao