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African CEOs retire marking corporate power shift
BusinessHot News

10 African companies with key leaders retiring in 2025

Corporate Africa faces major leadership shifts in 2025 as top executives retire across banking, mining, retail, and cement sectors.

Feyisayo Ajayi Feyisayo Ajayi
Pharco Pharmaceuticals
BusinessHot News

Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

Pharco’s $49 million Saudi drug plant will expand its manufacturing reach while the Egyptian maker weighs new factories in Africa.

Timilehin Adejumobi Timilehin Adejumobi
OK Zimbabwe corporate rescue
BusinessHot News

Shoprite, Choppies exits foreshadow turmoil as OK Zimbabwe enters corporate rescue

OK Zimbabwe enters corporate rescue after mounting liquidity strain, echoing Choppies and Shoprite exits.

Feyisayo Ajayi Feyisayo Ajayi
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Jannie Mouton, Zeder
BusinessHot NewsInvestmentsLatest

South Africa’s Zeder advances Zaad disposal as key approvals remain outstanding

Zeder has secured competition approval for its Zaad disposal in South Africa, but central bank clearance and other conditions remain outstanding.

Feyisayo Ajayi Feyisayo Ajayi
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ARM
BusinessHot NewsMining

Assore sues ARM over Assmang 8 months after Patrice Motsepe’s executive retirement

Assore has sued ARM over management and executive appointment rights at Assmang, eight months after Patrice Motsepe’s executive retirement.

Feyisayo Ajayi Feyisayo Ajayi
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Anix Trading
BusinessCompaniesHot NewsLatest

Peter Makama’s Anix Trading faces fresh legal hurdles in $1.1 million municipal dispute

Peter Makama’s Anix Trading faces a halt to enforcement of a R20.04 million ($1.1 million) award as Lesedi municipality’s appeal proceeds.

Feyisayo Ajayi Feyisayo Ajayi
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Standard Bank Office
BusinessBankingHot News

Standard Bank underwrites $545 million to overhaul South Africa’s Gautrain network

Standard Bank underwrites a $545 million deal to upgrade South Africa’s Gautrain rail network under a new 15-year pact.

Omokolade Ajayi Omokolade Ajayi
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Boipelo Lekubo
ExecutivesBusinessHot News

Boipelo Lekubo Harmony Gold’s finance boss bags $1.3 million in bold equity play

Boipelo Lekubo pocketed $1.34 million in an open-market share sale while reinvesting heavily into Harmony Gold equity, raising her total stake.

Omokolade Ajayi Omokolade Ajayi
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Nigerian tycoon Kola Karim
BusinessHot News

Nigerian tycoon Kola Karim courts French investors to drive West African trade push

Nigerian tycoon Kola Karim courts French investors in Paris to finance cross-border trade, joint ventures, and West African infrastructure.

Omokolade Ajayi Omokolade Ajayi
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I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
BankingBusinessHot News

I&M Bank wins $5.5 million tax battle against Kenya Revenue Authority

I&M Bank wins a $5.5 million tax battle against Kenya Revenue Authority over bad debt provisions, securing relief for the East African lender.

Omokolade Ajayi Omokolade Ajayi
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South African tycoon Mzi Khumalo
BusinessHot NewsMining

South African tycoon Mzi Khumalo may lose Zimbabwe gold mines over $70 million debt

South African tycoon Mzi Khumalo risks losing his Zimbabwean gold mines over an unpaid $70.3 million buyout debt as creditors circle.

Omokolade Ajayi Omokolade Ajayi
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The Foschini Group
BusinessLatest

Foschini Group’s UK fashion brands hit by cybersecurity incident

TFG investigates a UK cyber incident affecting Phase Eight, Hobbs and Whistles as its stores continue trading.

Timilehin Adejumobi Timilehin Adejumobi
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