South African data center
BusinessHot News

South Africa’s Eskom targets data centers for new power customers     

Eskom is courting major technology companies as improved power supply leaves the utility searching for new electricity customers.

Timilehin Adejumobi Timilehin Adejumobi
Ex-Airtel Africa CEO Segun Ogunsanya
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Ex-Airtel Africa CEO Segun Ogunsanya takes Vodacom board seat from Phuthi Mahanyele-Dabengwa

Former Airtel Africa CEO Segun Ogunsanya has been appointed to Vodacom Group’s board, succeeding Phuthi Mahanyele-Dabengwa in a scheduled leadership change.

Omokolade Ajayi Omokolade Ajayi
Impala Platinum Holdings Ltd
BusinessHot News

South Africa’s Implats expects earnings to surge as PGM prices lift revenue

Implats expects earnings to surge as stronger PGM prices lift revenue, cash generation and 6E production for the year ended June 30, 2026.

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

Dangote Refinery could get cheaper crude under Nigeria supply reforms

Nigeria is considering crude supply and pricing reforms that could lower feedstock costs for Dangote Refinery and other domestic processors.

Omokolade Ajayi Omokolade Ajayi
Nigerian politician Abdulaziz Yari.
BillionairesBusinessHot News

Nigerian politician struggles to keep power company afloat after $750 million takeover

Geregu Power faces falling revenue, an 88 percent profit drop and a $29.4 million bond payment default after Abdulaziz Yari’s $750 million takeover.

Omokolade Ajayi Omokolade Ajayi
Alex Karp, the chief executive officer of Palantir Technologies
BillionairesBusinessHot News

Alex Karp set to become first US Black billionaire worth $20 billion as Palantir shares surge

Palantir CEO Alex Karp’s fortune has climbed above $19 billion as the company’s shares surge, putting him within reach of $20 billion.

Omokolade Ajayi Omokolade Ajayi
Cygnum Capital
BusinessHot News

Cygnum Capital’s Sub-Saharan African project targets $300 million for off-grid power

Cygnum Capital targets $300 million to expand off-grid renewable energy financing across Sub-Saharan Africa, with IFC proposing $50 million.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Khumo Shuenyane
BusinessHot News

South African executive Khumo Shuenyane to succeed Saki Macozoma as Vodacom chairman in 2027

Khumo Shuenyane will succeed Saki Macozoma as Vodacom Group chairman in July 2027 after Macozoma retires from the board.

Omokolade Ajayi Omokolade Ajayi
Titan Fincap restructuring deal
BusinessHot News

South African billionaire Christo Wiese’s Shoprite sales hit $17 billion, opens 262 stores in one year

Shoprite sales reached $17 billion as Africa’s largest retailer added 262 stores and expanded digital commerce through Sixty60 in 2026.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BusinessHot News

Tanzania court strikes Pula Group’s $195 million claim against Motsepe-linked firms  

Tanzania court removes Pula Group’s $195 million claim from the roll while leaving the alleged misuse of confidential information unresolved.

Timilehin Adejumobi Timilehin Adejumobi
Northam credit boost renewable energy
BusinessHot News

South African PGM producer Northam Platinum posts $3.3 billion revenue in 2026

Northam Platinum reports record 2026 revenue of R54 billion, stronger PGM production, higher earnings and a 40% minimum dividend payout.

Feyisayo Ajayi Feyisayo Ajayi
Esther Koimett
BusinessHot News

Kenyan heiress Esther Koimett emerges as Middle East Bank’s largest shareholder with 17.48% stake

Esther Koimett inherited a 17.48% stake in Middle East Bank Kenya, becoming the lender’s largest disclosed individual shareholder.

Feyisayo Ajayi Feyisayo Ajayi