Tag: Featured

Al Mada stake gains $270 million
BusinessHot News

Moroccan Royal-backed Al Mada sees $270 million gain from Attijariwafa Bank shares

Al Mada’s 46.54% stake gained $270 million in 2026 as its holdings rose to $8.24 billion amid steady market growth.

Feyisayo Ajayi Feyisayo Ajayi
Gold Fields $3.57 billion profit
BusinessHot News

Gold Fields reports $3.57 billion profit, announces $1.7 billion shareholder payout

Gold Fields posts $3.57 billion profit, boosts payouts to $1.7 billion as gold output and cash flow surge in 2025.

Feyisayo Ajayi Feyisayo Ajayi
TechnologyHot News

IHS weighs $685 million Latam tower sale after $6.2 billion bid from MTN Group

IHS Holding plans $685 million sale of Latin America assets as MTN Africa moves to acquire the company’s core African operations.

Omokolade Ajayi Omokolade Ajayi
Akhannouch drives Morocco’s largest social support
BusinessHot News

Billionaire mogul and politician Aziz Akhannouch expands Morocco’s social reform to 3.9 million families

Morocco’s social reform expands under Aziz Akhannouch, delivering cash transfers to 3.9 million families in 2026.

Feyisayo Ajayi Feyisayo Ajayi
Kumba Iron Ore 2025 revenue
BusinessHot News

Kumba Iron Ore posts $4.4 billion in 2025 revenue, expands margins

Kumba Iron Ore posts $4.4 billion revenue in 2025, boosts margins and dividends despite volatile global trade conditions.

Feyisayo Ajayi Feyisayo Ajayi
Kenya tallest towers Nairobi
Hot NewsLuxury

Kenya’s 10 tallest towers redefining Nairobi’s skyline

Kenya’s 10 tallest towers reshape Nairobi’s skyline, signaling economic growth, foreign investment and modern urban ambition.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, president of Dangote Group
BusinessHot News

Africa’s richest man Aliko Dangote gains $2.76 billion as cement shares surge

Africa’s richest man Aliko Dangote gains $2.76 billion as Dangote Cement rises, boosting his net worth to $32.7 billion.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Black South Africans climb income ladder as unemployment hits lowest since 2020

Over the past three decades, a growing number of Black South African households have moved into higher income brackets. A University of Cape Town study by the Liberty Institute of Strategic Marketing shows that the share of Black households earning more than R75,000 ($4,672) per month rose to 41 percent in 2024, up from 29 percent in 2012. In the…

Omokolade Ajayi Omokolade Ajayi
Glencore DRC copper deal
BusinessHot News

Glencore DRC land deal extends Kamoto output into 2040s

Glencore secures DRC land deal, extending Kamoto mine life to mid-2040s and reinforcing long-term copper output stability.

Feyisayo Ajayi Feyisayo Ajayi
Johann Rupert, chairman of Richemont and Remgro Limited.
Hot NewsBusiness

South Africa’s richest man, Johann Rupert, slips below $19 billion

South Africa’s richest man, Johann Rupert, chairman of Swiss luxury giant Richemont, has seen his net worth slip below the $19 billion mark, tempering earlier expectations that he could soon join the small circle of Africans worth more than $20 billion. At the start of the year, his fortune climbed as high as $19.7 billion, putting him within reach of…

Omokolade Ajayi Omokolade Ajayi
Oando raises $164 million to expand operations
Hot NewsBusiness

Oando Plc plans $164 million rights issue to strengthen its capital base

Oando Plc seeks $164.4 million via rights issue to boost capital, support growth, and strengthen its position in Nigeria’s oil sector.

Feyisayo Ajayi Feyisayo Ajayi
Seychelles tourism decline May 2026
LuxuryHot News

10 most expensive countries in Africa in 2026

Africa’s 10 most expensive countries in 2026 reveal rising grocery prices, import reliance, inflation pressures and strained purchasing power.

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