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IBL Group revenue hits $1.5 billion as regional diversification drives growth

IBL Group posts $1.5 billion revenue as regional diversification boosts profit and cuts net debt, driven by retail and overseas operations.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Vukile targets more Spain, South Africa deals after $127 million Berceo mall buy

Vukile expands in Spain and South Africa after $127 million Berceo mall acquisition, targeting high-yield retail assets and strong tenants.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Africa’s first Black billionaire recovers $100 million after $400 million drop

Africa’s first Black billionaire Patrice Motsepe rebounds $100 million after a $400 million drop, boosted by gold and mining stakes.

Omokolade Ajayi Omokolade Ajayi
10 richest Cameroonians business groups
BusinessHot News

Meet the 10 richest Cameroonians and their business empires

Cameroon’s richest tycoons built industrial empires spanning banking, telecoms, agriculture and food security across Central Africa.

Feyisayo Ajayi Feyisayo Ajayi
Free university education Namibia
ExclusiveHot News

How Namibia’s free university education challenges Africa

Namibia launches free university education in 2026, boosting youth skills, human capital, and long-term economic growth.

Feyisayo Ajayi Feyisayo Ajayi
Caxton interim results 2025
BusinessHot News

South African media tycoon Terrence Moolman gains $17 million from Caxton shares in 2026 rally

Terrence Moolman nets $17 million as Caxton & CTP Publishers shares rally on Johannesburg Stock Exchange, strengthening wealth and industry influence in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Peregrine Capital Caxton stake
BusinessHot News

Peregrine Capital raises Caxton stake to $32.5 million in South Africa media bet

South Africa’s Peregrine Capital lifts stake in Caxton & CTP Publishers & Printers to $32.5 million, reinforcing confidence in media and packaging growth.

Feyisayo Ajayi Feyisayo Ajayi
Egypt largest pharmacy chains
BusinessHot News

Top 10 largest pharmacy chains in Egypt

Egypt’s largest pharmacy chains expand nationwide, modernizing healthcare retail and digital access across 110 million consumers.

Feyisayo Ajayi Feyisayo Ajayi
TechnologyHot News

Tencent AI setbacks in China wipe $8.26 billion off Naspers’ market cap

Naspers loses $8.26 billion in market value as Tencent’s AI setbacks deepen, dragging shares down 19.3 percent despite strong ecommerce growth.

Omokolade Ajayi Omokolade Ajayi
Cell C signals growth after JSE listing
TechnologyHot News

Cell C reports $355.8 million revenue in first interim results after JSE listing

Cell C posts $355.8 million interim revenue after JSE debut, signaling operational momentum amid restructuring and rising MVNO growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigeria’s largest brewer returns to profit as revenue tops $1 billion

Nigerian Breweries returns to profit as revenue tops $1.08 billion, reversing prior losses and strengthening equity after debt cuts.

Omokolade Ajayi Omokolade Ajayi
Orascom Construction 2025 revenue
BusinessHot News

Orascom Construction revenue jumps 55% to $5.1 billion in 2025

Orascom Construction reports $5.1 billion 2025 revenue as backlog, profit and U.S. data center awards surge.

Feyisayo Ajayi Feyisayo Ajayi