Tag: Featured

Ex-Vodacom dealmaker Mamokete Ramathe
BusinessHot News

Ex-Vodacom dealmaker Mamokete Ramathe leads Mamor Capital to $18.8 million raise

Mamor Capital, led by former Vodacom dealmaker Mamokete Ramathe, raised $18.8 million in its debut fund's first close to back South African startups.

Omokolade Ajayi Omokolade Ajayi
Management of WIOCC, AFC and Vision Invest, at the LEAP 2026 Global Technology exhibition in Riyadh
TechnologyBusinessHot News

Why a $300 million bet on African data centers matters right now

A $300 million capital injection into WIOCC Group aims to close Africa’s digital divide and build critical data center capacity for the AI economy.

Omokolade Ajayi Omokolade Ajayi
RCL Foods Limited
BusinessHot News

Cheap sugar imports hit Johann Rupert-backed RCL Foods as profit drops 47% to $47.5 million

Cheap sugar imports and pet food recalls hit Johann Rupert-backed RCL Foods as full-year profit tumbled 47.4 percent to $47.5 million, forcing dividend cuts.

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
BusinessHot News

Dangote Refinery boosts Nigeria’s refining sector to 44% growth in second quarter

Nigeria’s refining output grew 44 percent in Q2 2026 as Aliko Dangote’s $20 billion facility drove historic domestic processing records.

Omokolade Ajayi Omokolade Ajayi
Sea Harvest Ladismith Cheese sale delay
BusinessHot News

South African businessman Fred Robertson’s Sea Harvest posts $20 million H1 2026 profit

Sea Harvest, chaired by Fred Robertson, reports a $20 million H1 2026 profit as pricing and cost controls offset weaker fishing volumes and revenue.

Feyisayo Ajayi Feyisayo Ajayi
Mamy Ravatomanga
BusinessHot News

Malagasy businessman Mamy Ravatomanga and $163 million money laundering saga

Malagasy businessman Mamy Ravatomanga remains in Mauritius custody as authorities investigate an alleged $163 million money laundering case.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria
Hot NewsBusiness

MTN Nigeria’s expenses hit $989.4 million amid $519 million profit in H1 2026

MTN Nigeria’s expenses rose to N1.32 trillion in H1 2026, while revenue climbed 25.9% and profit after tax surged 70.6%.

Feyisayo Ajayi Feyisayo Ajayi
Reinet
BusinessBillionairesHot News

Reinet, led by South African billionaire Johann Rupert, exceeds $30 million in share buybacks

Reinet, led by Johann Rupert, has surpassed $30 million in share buybacks after repurchasing 1.15 million shares on the JSE.

Feyisayo Ajayi Feyisayo Ajayi
Saint Anne Seychelles
BusinessHot News

Seychelles plans $2 billion wealth fund to fix roads and fund hospitals

Seychelles is launching a $2 billion sovereign wealth fund to upgrade critical infrastructure and healthcare amid a stabilizing economic outlook.

Omokolade Ajayi Omokolade Ajayi
Mauritian insurer Swan General
BusinessHot News

Mauritian giant Swan General sees Q1 2026 profit leap 241% to $12.3 million

Mauritian insurer Swan General saw net profit climb 241% to $12.3 million in Q1 2026, driven by stronger underwriting and resilient core operations.

Omokolade Ajayi Omokolade Ajayi
Gold Fields’ mining operation in South Africa.
BusinessHot News

How South Africa’s Gold Fields pulled off a $12.5 billion comeback

Gold Fields staged a $12.5 billion market rebound in six weeks, driven by higher realized gold prices and strong first-half earnings.

Omokolade Ajayi Omokolade Ajayi
South African executive Mpumi Madisa
BusinessHot News

Mpumi Madisa steers Bidvest to $810 million trading profit, lifts dividend

Mpumi Madisa leads Bidvest to $810.3 million trading profit as strong cash flow supports a 6.6% dividend increase.

Omokolade Ajayi Omokolade Ajayi