Tag: Featured

Moreku Holdings
BusinessHot News

South African businessman Thakgalo Aphane’s Moreku Holdings hit with legal setback in BMW debt dispute

Thakgalo Aphane’s Moreku Holdings suffers a Gauteng High Court setback as BMW Financial Services pursues an alleged R4.6 million ($288,008) debt claim.

Feyisayo Ajayi Feyisayo Ajayi
Morocco's stadium
TourismGlobal NewsHot NewsSports

Morocco’s $500 million stadium targets 2030 World Cup final, world’s biggest

Morocco is building a $500 million stadium near Casablanca that could host the 2030 World Cup final and become the world’s largest football venue.

Feyisayo Ajayi Feyisayo Ajayi
Babukung
BusinessHot News

South African court orders Bakubung Minerals to pay China Coal $12.6 million

South Africa’s Gauteng High Court orders Bakubung Minerals to pay China Coal R201 million ($12.59 million) after enforcing a mining contract adjudication award.

Feyisayo Ajayi Feyisayo Ajayi
South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The Foschini Group plans to close 280 stores by 2029 as online sales surge 54 percent and corporate job cuts deepen its retail restructuring.

Omokolade Ajayi Omokolade Ajayi
Trafigura
BusinessHot News

Trafigura gets $7.5 million as Cameroon’s Sonara gasoline dispute moves to London

Trafigura receives $7.5 million from Cameroon’s Sonara as a gasoline quality dispute moves to London under English law and jurisdiction.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
BusinessHot News

OCI Global faces court challenge over Orascom Construction merger 

OCI Global faces a court challenge from Value8 seeking to halt its proposed Orascom Construction merger and delay the transaction.

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
BusinessHot News

South African tycoon Adrian Gore’s Discovery posts $828 million profit in 2026

Discovery, founded by Adrian Gore, posted an $828 million profit in 2026, up 38.29% year over year, as South African and Vitality businesses grew.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe’s ARM lifts payout as profit hits $200 million

Patrice Motsepe’s African Rainbow Minerals lifted its full-year dividend after headline earnings rose 19 percent to $200.2 million on a PGM price rebound.

Omokolade Ajayi Omokolade Ajayi
Credit du Marooc
BusinessHot News

Credit du Maroc to secure $13.5 million IFC risk-sharing facility

Credit du Maroc will receive a $13.5 million IFC facility to expand lending to agricultural SMEs and boost rural finance in Morocco.

Feyisayo Ajayi Feyisayo Ajayi
Folorunso Alakija, Nigeria’s richest woman and philanthropist.
BusinessExclusiveHot News

Nigerian billionaire Folorunso Alakija hosts top UAE diplomats as crude prices surge

Nigerian billionaire, Folorunso Alakija, hosted senior UAE diplomats in Lagos as rising crude prices lift the profile of her $1 billion Famfa Oil.

Omokolade Ajayi Omokolade Ajayi
Exxaro Eskom coal supply deal
BusinessHot News

South Africa’s Exxaro to exit Moranbah South in $105 million deal

Exxaro will acquire Anglo American’s Moranbah South stake before selling the Australian coal asset to Stanmore Resources for $105 million.

Feyisayo Ajayi Feyisayo Ajayi
Egypt's Nawy
BusinessHot News

IFC to invest in Egypt’s Nawy as proptech platform expands

IFC is considering an equity investment in Egypt’s Nawy as the proptech platform expands its digital real estate ecosystem.

Feyisayo Ajayi Feyisayo Ajayi