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Spar faces investor exit after $250 million value loss in a week

South Africa’s retail sector is under renewed strain after Spar Group lost about $250 million in market value in a week, sending its shares to a 16-year low and unsettling investors on the Johannesburg Stock Exchange.  The sharp decline follows a wave of selling that has erased nearly a quarter of the grocery retailer’s market capitalization since last Friday. The…

Oluwatosin Alao Oluwatosin Alao

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7 most valuable lenders on Botswana Stock Exchange

Stable regulation and concentrated assets underpin Botswana’s banking sector as…

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10 most attractive places in Rwanda

Rwanda blends conservation, culture and capital, turning eco-tourism, cities and…

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Transnet opens South Africa rail network to Grindrod, Minrail

Transnet opens South Africa’s freight rail network to private operators…

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Omnia Holdings gets $1.3 billion buyout bid from India’s Solar Industries 

Solar Industries’ $1.3 billion bid for Omnia Holdings expands its…

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Tharisa secures 25-year lease for major Zimbabwe platinum project

Karo Platinum Project wins a 25-year Zimbabwe mining lease, clearing…

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PayPal invests $100 million to grow digital reach in Middle East  and Africa

PayPal invests $100 million in Africa and the Middle East to expand…

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AOG Developments taps Mynt Hospitality to operate Egypt’s Ras El Hekma units

AOG Developments partners with Mynt Hospitality as Ras El Hekma emerges as…

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Top 15 investments by Public Investment Corporation – Africa’s largest asset manager

Public Investment Corporation leads Africa’s investment with R2.7 trillion AUM, showcasing strategic…

Feyisayo Ajayi Feyisayo Ajayi

10 notable heavy-haul rail systems across Africa

Across Africa, 15 heavy-haul rail systems move iron ore, coal and copper,…

Feyisayo Ajayi Feyisayo Ajayi

Mantengu agrees $2 million Blue Ridge sale, exits platinum asset

Mantengu agrees $2.12 million Blue Ridge sale, exiting loss-making platinum asset to…

Feyisayo Ajayi Feyisayo Ajayi

ICIEC and Afreximbank forge deal to deepen Arab–Africa commerce

ICIEC and Afreximbank join forces to boost Arab–Africa trade, expanding finance, risk…

Oluwatosin Alao Oluwatosin Alao

Kenyan tycoon John Kimani’s Kakuzi appeals 3,200-acre land dispute

Kakuzi appeals order to surrender 3,200 acres, challenging NLC authority and raising…

Feyisayo Ajayi Feyisayo Ajayi

Kenya’s Thwake Dam enters new phase after $82 million funding approval

Kenya’s Thwake Dam project advances with new funding, strengthening water supply, agriculture…

Timilehin Adejumobi Timilehin Adejumobi

Kenya’s DTB reports strongest quarterly profit at $24.6 million in Q1 2026

Profit growth, however, was tempered by a sharp rise in loan loss…

Omokolade Ajayi Omokolade Ajayi

Nigerian businessman Ladi Jadesimi’s Aradel stake nears $300 million as shares rise

Beyond Aradel, Jadesimi remains chairman of Ladol Group of Companies, which established…

Omokolade Ajayi Omokolade Ajayi