South32
BusinessHot News

South32 takes $118 million hit as Mozambique’s Mozal smelter shuts down

South32 Mozal smelter shutdown triggers a $118 million charge as soaring power costs force Mozambique's largest aluminum plant offline.

Timilehin Adejumobi Timilehin Adejumobi
Van-Zyl Botha, CEO of Herotel
TechnologyHot News

Amazon Leo to outpace Starlink speeds within a year, Herotel CEO says

Amazon Leo satellite internet is set to challenge Starlink as Herotel backs Amazon’s push into South Africa’s broadband market.

Timilehin Adejumobi Timilehin Adejumobi
MTN Group's chair across African markets
Hot NewsBusinessExclusive

10 chairpersons driving MTN Group growth across Africa

MTN Group’s growth across Africa is driven by local chairpersons shaping regulation, capital strategy and trust in 16 markets.

Feyisayo Ajayi Feyisayo Ajayi
Marriott International, the world’s largest hotel chain.
LuxuryBusinessHot News

Marriott to add nine Egypt hotels with more than 1,800 rooms under new deal

Marriott, the world’s largest hotel chain, will develop nine hotels with more than 1,800 rooms across Egypt, backing the country's tourism expansion and investment drive.

Omokolade Ajayi Omokolade Ajayi
Dr. Awele Vivien Elumelu.
Hot NewsBusiness

Dr. Awele Elumelu leads Transcorp Hotels to N10.5 billion first-half profit

Transcorp Hotels reports N10.5 billion first-half profit under Dr. Awele Elumelu, driven by disciplined cost control and efficiency.

Omokolade Ajayi Omokolade Ajayi
Tanzania, Saudi Arabia expand trade and investment ties across key sectors
BusinessGlobal News

Tanzania, Saudi Arabia expand trade and investment ties across key sectors

Tanzania and Saudi Arabia strengthen trade and investment ties, targeting growth in energy, tourism, agriculture and business partnerships

Oluwatosin Alao Oluwatosin Alao
Hani Berzi
BusinessHot News

Hani Berzi’s Edita Foods stake drops by $100 million in 165 days

Hani Berzi loses nearly $100 million as Edita Foods shares slide on Egypt Exchange, pressured by pound devaluation.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe sees net worth dip under $3.5 billion after bold $1 billion mining gamble

Patrice Motsepe's net worth slipped below $3.5 billion after African Rainbow Minerals approved nearly $1 billion in mining investments.

Omokolade Ajayi Omokolade Ajayi
Morocco lands first Curtiss-Wright aerospace plant in Africa
BusinessTechnology

Morocco lands first Curtiss-Wright aerospace plant in Africa

Morocco secures Curtiss-Wright’s first Africa aerospace plant, boosting Casablanca’s aviation hub and expanding the country’s aircraft supply chain.

Oluwatosin Alao Oluwatosin Alao
Lithium Mining Site
BusinessHot News

Zimbabwe’s Mutapa Energy lands $300 million China deal for lithium mine

Mutapa Energy China lithium deal secures $300M to expand Zimbabwe's Sandawana mine and boost EV battery mineral processing.

Timilehin Adejumobi Timilehin Adejumobi
Amani Lamai Luxury Camp
TourismLuxury

Amani Lamai Luxury Camp opens as travelers seek Great Migration experiences

Amani Lamai Luxury Camp opens in Serengeti, offering luxury safari stays near Tanzania’s iconic Great Migration river crossings.

Timilehin Adejumobi Timilehin Adejumobi
Airtel Africa Plc
TechnologyBusinessHot News

Airtel Africa profit climbs to $198 million as revenue tops $1.85 billion in first quarter

Airtel Africa posts $198 million profit as quarterly revenue rises above $1.85 billion on strong data and mobile money growth.

Omokolade Ajayi Omokolade Ajayi