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South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

South Africa’s economy grew 0.5 percent in Q1, beating survey…

Hot News
South African rand gains more than 11% against U.S. dollar in two months

South Africa’s rand surges 11.2% in two months as investor…

Business
15 most valuable publicly listed hotel brands in Africa

Africa’s 15 most valuable listed hotel brands drive tourism, business…

Luxury
Angola’s Cabinda refinery begins fuel shipments amid global supply strain

Angola’s Cabinda refinery begins fuel shipments, boosting local supply and…

Hot News
Competition Commission blocks Transpaco’s $8 million Premier Plastics acquisition

South Africa’s Competition Commission blocks Transpaco’s R128 million ($7.98 million)…

Business

Africa’s $1.1 trillion mobile money surge pushes continent to global fintech forefront

Africa processed $1.1 trillion in mobile money in 2024, accounting for 74%…

Feyisayo Ajayi Feyisayo Ajayi

Billionaire Naguib Sawiris: Egypt developers pivot to smaller units amid economic strain   

Billionaire Naguib Sawiris says Egypt developers shift to smaller, affordable homes as…

Timilehin Adejumobi Timilehin Adejumobi

Ethiopia partners with Italy to build East Africa’s top rail hub

Ethiopia partners with Italy’s COIPA Italia to modernize its rail network, reviving…

Oluwatosin Alao Oluwatosin Alao

Raya Holding agrees to sell 90% stake in Ostool to Ascom in $12.4 million deal

Raya Holding agreed to sell a 90% stake in Ostool to Ascom…

Feyisayo Ajayi Feyisayo Ajayi

South African executive Andiswa Bata gets $1.2 million Nedbank pay

The package combines guaranteed pay, short-term incentives, dividends of R442,000, and a…

Omokolade Ajayi Omokolade Ajayi

South Africa’s Afrimat offloads quarries and plants in $13 million deal

Afrimat advances debt reduction and growth strategy through a $13 million South…

Timilehin Adejumobi Timilehin Adejumobi

Bank of Africa DRC gets $5 million IFC-backed trade finance facility

IFC weighs $5 million trade finance facility for Bank of Africa DRC…

Feyisayo Ajayi Feyisayo Ajayi

The Cellars-Hohenort: Cape Town’s leading 5-star luxury hotel

The Cellars-Hohenort blends Cape-Dutch heritage, quiet gardens and warm service to offer…

Feyisayo Ajayi Feyisayo Ajayi

$3.3 billion gold offtake deal links Singapore’s Trafigura with Ghanaian mine

The deal includes $65 million in debt financing to restart the mine’s…

Omokolade Ajayi Omokolade Ajayi

10 luxury retreats in Mpumalanga

Explore Mpumalanga’s leading luxury lodges and premium safari escapes.

Timilehin Adejumobi Timilehin Adejumobi