Tag: Business

Zimbabwe tycoon Simon Rudland
BusinessHot News

Zimbabwe tycoon Simon Rudland opens $25 million citrus plant, creating 1,500 jobs

Simon Rudland opens $25 million citrus plant, creating 1,500 jobs.

Omokolade Ajayi Omokolade Ajayi
South African businessman Robert Gumede
BusinessBillionairesHot News

Robert Gumede’s Vision Group targets $1.1 billion acquisition of sugar leader Illovo

Robert Gumede’s Vision Group targets a $1.1 billion acquisition of Illovo Sugar to build an African-owned agribusiness giant.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Femi Otedola targets 51% stake in First HoldCo after record N6 trillion market cap

Femi Otedola plans to raise his First HoldCo stake to 51 percent after the lender became Nigeria’s first bank to reach a N6 trillion market cap.

Omokolade Ajayi Omokolade Ajayi
Telkom SA SOC Limited.
BusinessHot News

Telkom posts stronger first-quarter earnings as mobile subscribers climb to 25.3 million

Telkom reported stronger first-quarter earnings as mobile subscribers reached 25.3 million and data revenue continued to drive growth.

Omokolade Ajayi Omokolade Ajayi
World’s richest Black person Aliko Dangote
BusinessBillionairesHot News

Aliko Dangote’s sugar company swings to $30.4 million first-half profit

Dangote Sugar returned to profit in the first half as lower costs offset weaker sales, lifting earnings and strengthening its balance sheet.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Naspers tops Gold Fields to regain Africa’s most valuable company title with $42 billion market cap

Naspers regained its position as Africa's most valuable listed company with a $42 billion market capitalization, overtaking Gold Fields.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Aradel posts $1.8 billion revenue as first-half production surges 523%

Aradel Holdings posts $1.8 billion revenue as first-half production surges 523 percent, lifting operating profit to $767.5 million.

Omokolade Ajayi Omokolade Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
Hot NewsBillionairesBusiness

Ethiopia’s richest man Mohammed Al Amoudi tops $10 billion as wealth rebounds

Mohammed Al Amoudi rejoins the top 400 billionaires as his fortune crosses $10 billion following major expansions in Ethiopian hospitality.

Omokolade Ajayi Omokolade Ajayi
Worker operating at Seplat Energy's Oben OML 4
Hot NewsBusiness

Seplat Energy posts $164 million half-year profit as earnings soar 498%

Seplat Energy posted a $164 million half-year profit as revenue rose to $1.82 billion and production increased.

Omokolade Ajayi Omokolade Ajayi
Ethiopian Airlines Group.
Hot NewsBusiness

Africa’s top carrier, Ethiopian Airlines, hits $9.1 billion revenue as passenger traffic jumps

Ethiopian Airlines reported $9.1 billion in annual revenue, driven by passenger growth, cargo demand and expansion despite higher costs.

Omokolade Ajayi Omokolade Ajayi
Catherine Nwosu
Hot NewsBusiness

Africa Prudential reinforces growth, digital strategy at H1 2026 investor call

With H1 2026 gross earnings up 27 percent to $3.1 million, Africa Prudential reinforces its shift toward recurring digital business solutions.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $238 million half-year profit

Abdul Samad Rabiu's BUA Cement reports a N324.88 billion ($238 million) half-year profit, driven by strong sales and lower finance costs in 2026.

Omokolade Ajayi Omokolade Ajayi