Tag: Featured

BusinessHot News

Mauritius-based MCB Group posts $315 million profit as earnings climb 15%

Mauritius-based MCB Group posts $315 million profit, up 15%, with assets exceeding $23 billion and global operations expanding.

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

Africa’s 20 most valuable companies in 2026

Africa’s 20 most valuable stocks in 2026 reflect mining strength, telecom growth, and financial dominance across major exchanges.

Feyisayo Ajayi Feyisayo Ajayi
LuxuryHot News

Tsogo Sun buyback tops $14 million as shares fall 33% on JSE

Tsogo Sun repurchases $14.1 million in shares amid 33% stock decline, maintaining financial stability and operational growth.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major milestone, becoming Africa’s third-richest person with a net worth of $11 billion. The surge, driven by a single-day gain of $560 million, comes barely three weeks after he surpassed the $10 billion mark. According to Forbes, Rabiu is now the world’s 278th richest individual, surpassing South African billionaire…

Omokolade Ajayi Omokolade Ajayi
Adebayo Ogunlesi, Nigerian billionaire and co-founder of Global Infrastructure Partners.
Hot NewsBusiness

Nigerian billionaire Adebayo Ogunlesi loses $100 million as BlackRock hits $14 trillion

Adebayo Ogunlesi’s net worth drops to $2.4 billion amid BlackRock stock decline despite reaching $14 trillion in assets under management.

Omokolade Ajayi Omokolade Ajayi
Hot News

Unemployment in South Africa falls to lowest level since 2020

South Africa’s unemployment rate drops to 31.4 percent in fourth quarter 2025, lowest since 2020, as hiring improves modestly.

Omokolade Ajayi Omokolade Ajayi
Mandarin Oriental Egypt expansion
LuxuryHot News

Mandarin Oriental, TMG partner on Egypt luxury hotels, Nile Cruise

Mandarin Oriental Hotel Group expands in Egypt with historic hotels and its first luxury Nile cruise launch.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Aliko Dangote’s daughters, Halima, Fatima, Mariya, take key roles in family conglomerate

Dangote daughters assume executive roles, leading energy, cement, and international operations at Africa’s top conglomerate.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa fast-tracks $3 billion Durban LNG power plant

South Africa accelerates a $3 billion Durban LNG plant, combining power generation, gas pipelines, and industrial LNG supply.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

PIC boosts Famous Brands stake to 15.02% in $53 million bet

PIC raises stake in Famous Brands to $53 million, lifting holding to 15.02% as sales rise and institutional appetite grows.

Feyisayo Ajayi Feyisayo Ajayi
African Rainbow Minerals profit
Hot NewsBusiness

Patrice Motsepe steps down from ARM executive duties under new JSE rules

South African billionaire Patrice Motsepe steps down from ARM executive role, stays as chairman.

Omokolade Ajayi Omokolade Ajayi
Ninety One MTN stake increase
BusinessHot News

Ninety-One increases Resilient REIT stake to $212 million

Ninety-One lifts Resilient REIT stake to $212 million, reinforcing institutional confidence in South Africa’s retail property sector.

Feyisayo Ajayi Feyisayo Ajayi