Africa’s first Black billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

Africa’s first Black billionaire, Patrice Motsepe, loses $1 billion in stock slump

Patrice Motsepe’s net worth fell from $4.4 billion to $3.4 billion due to a steep mining stock decline, sliding his position on South Africa’s rich list.

Omokolade Ajayi Omokolade Ajayi
Princess Lalla Meryem
Hot News

Princess Lalla Meryem drives $550 million AI data center push in Morocco’s Midparc

Princess Lalla Meryem advances $550 million AI data center at Midparc, boosting Morocco’s push to become a regional digital hub.

Feyisayo Ajayi Feyisayo Ajayi
Lake Victoria Gold begins work at Imwelo
BusinessHot News

Tanzania gold project advances as Lake Victoria Gold begins work at Imwelo

Lake Victoria Gold begins Phase 1 construction at Tanzania's Imwelo gold project, advancing mine development with site work and infrastructure

Oluwatosin Alao Oluwatosin Alao
Africa
BusinessHot News

Africa’s new credit rating agency set to launch in Mauritius

African Credit Rating Agency is set to launch in Mauritius, reshaping how investors assess African sovereign and corporate credit risk.

Timilehin Adejumobi Timilehin Adejumobi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Standard Bank processes $1.2 billion in Yuan payments as Africa-China trade surges

Standard Bank processed $1.2 billion in yuan via CIPS, signaling rising Africa-China trade and reduced reliance on dollar settlements.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Africa’s richest man Aliko Dangote’s seasoning business posts $14.4 million half-year profit

Aliko Dangote-backed Nascon posts $14.4 million half-year profit as stronger margins and lower finance costs lift earnings.

Omokolade Ajayi Omokolade Ajayi
Unitel lists on Angola Exchange
BusinessTechnology

Unitel lists on Angola Exchange after record $328 million IPO  

Unitel IPO raises $328 million as Angola’s telecom giant lists on BODIVA, boosting capital markets and privatization efforts.

Timilehin Adejumobi Timilehin Adejumobi
Konecta
TechnologyHot News

Konecta picks Egypt for $100 million generative AI center

Konecta Egypt opens a global generative AI center in Cairo as part of a $100 million investment to expand digital services.

Timilehin Adejumobi Timilehin Adejumobi
Southern Sun invests $14.9 million to revamp its biggest hotel in South Africa
BusinessLuxuryTourism

Southern Sun invests $14.9 million to revamp its biggest hotel in South Africa

Southern Sun invests $14.9 million to upgrade Durban’s biggest hotel, boosting South Africa’s tourism sector and beachfront revival.

Oluwatosin Alao Oluwatosin Alao
Catherine Nwosu
Hot NewsBusiness

Africa Prudential reinforces growth, digital strategy at H1 2026 investor call

With H1 2026 gross earnings up 27 percent to $3.1 million, Africa Prudential reinforces its shift toward recurring digital business solutions.

Omokolade Ajayi Omokolade Ajayi
South African property investment company Putprop Limited.
BusinessHot News

Putprop secures extension to finalize two major property sales

Putprop wins JSE extension to finalize circular for major property deals, delaying shareholder document to Aug. 21, 2026.

Feyisayo Ajayi Feyisayo Ajayi
KCB Bank
BusinessHot News

KCB lands $100 million EBRD funding to back SMEs, green projects in Africa

KCB EBRD funding will expand SME loans in Kenya, backing women, youth businesses and green projects with a $100 million facility.

Timilehin Adejumobi Timilehin Adejumobi