Tag: Business

Ghanaian tycoon Sam Jonah
MiningCompaniesHot News

Ghanaian tycoon Sam Jonah leads $1 billion push into Africa’s critical minerals

Sam Jonah is co-leading a $1 billion venture targeting Africa’s critical minerals, including copper, lithium, cobalt and graphite.

Omokolade Ajayi Omokolade Ajayi
South African café chain Bootlegger
LifestyleCompaniesHospitality

South African café chain Bootlegger plans 16 new stores in rapid rollout

Bootlegger Coffee Company plans to open 16 new stores across South Africa over the next two months as it accelerates its nationwide expansion.

Omokolade Ajayi Omokolade Ajayi
South African executive Raisibe Morathi
ExecutivesHot NewsMarkets

Limpopo-born executive Raisibe Morathi’s Vodacom stake tops $5 million

Vodacom CFO Raisibe Morathi’s direct shareholding in the telecom giant tops $5.02 million following long-term executive incentive vestings.

Omokolade Ajayi Omokolade Ajayi
Mauritian resort group Lux Island Resorts
CompaniesBusinessHot News

Mauritian resort group Lux Island Resorts posts $33 million profit as tourism surges

Lux Island Resorts posts $32.6 million profit as stronger Mauritius tourism and lower financing costs lift earnings.

Omokolade Ajayi Omokolade Ajayi
Mauritius-based brewer and beverage maker Phoenix Beverages
CompaniesBusinessHot News

Mauritius’ Phoenix Beverages revenue jumps 26% to $355 million on regional expansion

Phoenix Beverages lifted revenue 26% to $355.3 million in fiscal 2026, driven by Seychelles Breweries, stronger Mauritius demand and regional expansion.

Omokolade Ajayi Omokolade Ajayi
Mauritius-based conglomerate Alteo Limited.
CompaniesBusinessHot News

Mauritian group Alteo sees 2026 profit surge 28% to $19.1 million on real estate

Alteo Limited’s profit rose 28 percent to $19.1 million as property sales and stronger energy margins lifted earnings and dividends.

Omokolade Ajayi Omokolade Ajayi
Sayyu Dantata
BillionairesBusinessHot News

Sayyu Dantata, half-brother of Africa’s richest man, risks losing $35M aircraft fleet

Sayyu Dantata, half-brother of Africa’s richest man Aliko Dangote, faces the possible forfeiture of three aircraft worth $35 million over unpaid customs bill.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
BillionairesHot News

Nigerian billionaire Tony Elumelu says Africa cannot build economic growth on aid

Tony Elumelu says Africa needs private capital, stronger infrastructure and entrepreneurship—not aid—to drive sustainable economic growth and jobs.

Omokolade Ajayi Omokolade Ajayi
Durban-born executive Sayurie Naidoo
ExecutivesBusiness

Valterra rewards Durban-born executive Sayurie Naidoo with $1.1 million package in 2025

Valterra Platinum awarded CFO Sayurie Naidoo an 18.14 million rand ($1.1 million) pay package for 2025 following its demerger from Anglo American.

Omokolade Ajayi Omokolade Ajayi
South Africa's richest man Johann Rupert
BillionairesHot News

South Africa’s richest man Johann Rupert gains $400 million as fortune rebounds to $19.1 billion

Johann Rupert’s fortune has rebounded to $19.1 billion as Richemont shares recover, adding $400 million to his wealth in a week.

Omokolade Ajayi Omokolade Ajayi
InvestmentsCompaniesHot News

South Africa’s PIC expands Exxaro stake to 15.15% worth $560 million

South Africa’s PIC has increased its clients’ stake in Exxaro Resources to 15.155%, a holding worth about $560 million.

Omokolade Ajayi Omokolade Ajayi
Fresh cocoa harvest
MarketsBusinessHot News

Ghana turns to local lenders for $1.4 billion cocoa rescue plan

COCOBOD is turning to local investors for $1.4 billion to finance the new cocoa season as debts mount and traditional international backing falls away.

Omokolade Ajayi Omokolade Ajayi