Egypt faces rising wheat costs as black sea conflict disrupts supplies

Egypt’s wheat market is facing a fresh test as attacks on Black Sea ports, ships and grain facilities disrupt trade and raise the cost of supplies. For a country that relies heavily on imported wheat, the latest disruption could quickly become a problem for importers, consumers and government finances. More than 82% of Egypt’s wheat imports in the first half…

Oluwatosin Alao August 28, 2026

Billionaires Business Hot News

South African billionaire Patrice Motsepe’s net worth gains $100 million in 10 days

Patrice Motsepe’s net worth rose to $3.7 billion following a $100 million ten-day gain, lifted by an 87 percent earnings jump at Harmony Gold.

Omokolade Ajayi August 28, 2026

Billionaires Business Hot News

Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

Tony Elumelu received $14.45 million from Seplat Energy’s second-quarter dividend, lifting his 2026 payouts to about $35.3 million.

Omokolade Ajayi August 28, 2026

Business Hot News

South Africa’s Rainbow Chicken profit surges to $82.9 million, declares special dividend

Rainbow Chicken’s profit surged 134.8 percent to R1.34 billion ($82.9 million) in 2026, driven by firmer pricing, lower feed costs and improved farming efficiency.

Omokolade Ajayi August 28, 2026

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Malagasy tycoon Hassanein Hiridjee’s Axian Telecom posts $980 million H1 revenue

Hassanein Hiridjee’s Axian Telecom reported a 26.5% rise in H1 2026 revenue to $979.96 million, powered by surging mobile data and fintech growth.

Omokolade Ajayi August 28, 2026

Tag: Electricity supply

Sahara Power begins construction of $12 million power plant in Lagos

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Egypt faces rising wheat costs as black sea conflict disrupts supplies

South African billionaire Patrice Motsepe’s net worth gains $100 million in 10 days

Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

South Africa’s Rainbow Chicken profit surges to $82.9 million, declares special dividend

Malagasy tycoon Hassanein Hiridjee’s Axian Telecom posts $980 million H1 revenue

Egypt faces rising wheat costs as black sea conflict disrupts supplies

South African billionaire Patrice Motsepe’s net worth gains $100 million in 10 days

Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

Egypt faces rising wheat costs as black sea conflict disrupts supplies

South African billionaire Patrice Motsepe’s net worth gains $100 million in 10 days

Nigerian billionaire Tony Elumelu pockets $14.45 million from Seplat’s Q2 dividend payout

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