Tag: Featured

Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

Abdul Samad Rabiu’s BUA Foods plans new noodle, oil lines after $215 million half-year profit

BUA Foods, controlled by billionaire Abdul Samad Rabiu, posts a $215 million first-half profit and announces plans for new noodle and edible oil lines.

Omokolade Ajayi Omokolade Ajayi
South African businessman Marcel Golding
BusinessHot News

South African businessman Marcel Golding’s Geomer raises Vunani stake to $5 million

Marcel Golding’s Geomer Investments lifts Vunani stake above $5 million, crossing 20% ownership threshold despite share price decline.

Feyisayo Ajayi Feyisayo Ajayi
Sanlam
BusinessHot News

Sanlam’s assets under management hit $4 billion, delivers $208 million

Sanlam’s assets near $4 billion as insurer posts $208 million return, underscoring resilience of conservative investment strategy.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

World’s richest Black person Aliko Dangote’s refinery targets $5 billion listing after $2.5 billion pitch

Aliko Dangote targets a $5 billion refinery IPO after a $2.5 billion private placement as the mega refinery prepares to list.

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
Elon Musk
TechnologyBusinessExclusive

Elon Musk’s SpaceX revenue jumps 92% to $7.8 billion, beats expectations

SpaceX revenue climbed 92 percent to $7.8 billion, beating estimates as Starlink expanded despite heavy AI infrastructure spending.

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
BusinessHot News

10 richest mining tycoons in Africa

Africa’s mining wealth remains highly concentrated, with South African tycoons dominating fortunes from gold, diamonds and critical metals.

Feyisayo Ajayi Feyisayo Ajayi
Ivan Glasenberg Glencore
BillionairesHot News

South African billionaire Ivan Glasenberg’s fortune climbs to $13.6 billion as stake in Glencore hits $9 billion

Ivan Glasenberg’s fortune climbs to $13.6 billion as his 10.4% stake in Glencore hits appoximately $9 billion amid a surge in global metals markets.

Feyisayo Ajayi Feyisayo Ajayi
Hosken Consolidated Investments Limited (HCI)
BusinessHot News

HCI completes SACTWU restructuring as Squirewood emerges key shareholder

HCI finalizes SACTWU restructuring as Squirewood becomes key shareholder, reshaping ownership while preserving union’s economic stake.

Feyisayo Ajayi Feyisayo Ajayi
MTN mobile money separation Ghana
BusinessHot News

MTN Ghana reports $1.3 billion service revenue as profit jumps 43% in H1 2026

MTN Ghana posts $1.3 billion service revenue, with profit up 43% in H1 2026, driven by strong data growth and fintech adoption.

Feyisayo Ajayi Feyisayo Ajayi
African families
BillionairesHot News

Africa’s richest families worth over $15 billion

Africa’s richest families hold over $105 billion in 2026, but true multigenerational wealth remains rare across the continent’s evolving economy.

Feyisayo Ajayi Feyisayo Ajayi