Tag: Featured

BusinessHot News

South African court blocks Shell’s Wild Coast exploration permit

South Africa’s Constitutional Court has blocked Shell and Impact Africa from reviving a disputed Wild Coast offshore exploration permit.

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BusinessBillionairesHot News

Nigerian billionaire Femi Otedola boosts stake in FirstHoldCo with shares worth $15 million

Femi Otedola has raised his First HoldCo stake above 26% after buying N18.11 billion in shares, lifting his holding’s value to about N1.7 trillion ($1.3 billion).

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica flows gas at Namibia discovery, advances 1,000-metre horizontal test

ReconAfrica has flowed gas and potential liquids at its Namibia discovery, advancing a 1,000-metre horizontal test of the Huttenberg formation.

Feyisayo Ajayi Feyisayo Ajayi
Park boutique Hotel
LuxuryHot NewsTourism

Park Avenue boutique estate enters South Africa property market at $7 million

Park Avenue estate in Hout Bay, enters the Western Cape province of South Africa’s luxury property market at $7 million, with hotel zoning and extensive hospitality facilities.

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

Dangote, local refiners eye up to $328 million savings in crude swap plan

Nigerian refiners, including Dangote, eye up to $328.8 million in operational savings under a new domestic crude oil logistics swap mechanism.

Omokolade Ajayi Omokolade Ajayi
South African food producer RCL Foods
BusinessHot News

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

RCL Foods expects earnings to fall up to 35 percent as sugar imports, pet food disruptions and impairments pressure results.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Zimbabwean investor Richard Ngwenya’s property business targeted in $1.2 million VFD dispute

VFD Group seeks to freeze five properties linked to Richard Ngwenya over an alleged R20 million ($1.23 million) investment dispute involving A2Pay Holdings.

Feyisayo Ajayi Feyisayo Ajayi
Thungela Resources Limited
Hot NewsBusiness

South Africa’s Thungela posts $85.7 million profit as coal prices rise

Thungela reports an 85.7 million dollar profit as higher coal prices and stronger production lift earnings and dividend.

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BusinessHot News

Why FirstRand plans to sell Aldermore amid UK Motor finance hurdles

FirstRand is selling Aldermore as UK motor finance mis-selling costs rise, forcing the South African lender to rethink its UK strategy.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

IHS Towers reports $844 million H1 2026 revenue as MTN takeover nears final stage

IHS Towers reported $844 million in H1 2026 revenue as stronger cash flow and MTN’s proposed takeover reshape its African tower business.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Koryx Copper’s Haib project delivers 831 meter copper-equivalent drill hit in Namibia

Koryx Copper’s Haib project in Namibia delivers an 831-metre copper-equivalent drill hit, strengthening prospects for resource growth and development.

Feyisayo Ajayi Feyisayo Ajayi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Top 7 markets leading contributions to Standard Bank Group’s earnings

Standard Bank Group’s H1 2026 earnings were led by South Africa, Nigeria, Ghana, Uganda, Kenya, Angola and Mauritius.

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