Tag: Featured

South African business leaders Noluthando Gosa and Mcebisi Jonas
BusinessHot News

Noluthando Gosa, Mcebisi Jonas-led NtisoAkhona takes stake in $40 billion trust firm

NtisoAkhona, led by Noluthando Gosa and Mcebisi Jonas, acquired a minority stake in FundRock Collective Investments, which manages $40 billion in assets.

Omokolade Ajayi Omokolade Ajayi
Hakeem Belo-Osagie
BusinessExclusiveHot News

Hakeem Belo-Osagie: Nigerian tycoon who ranked among Africa’s richest with a $600 million fortune in 2014

Hakeem Belo-Osagie built a diverse business empire across banking, energy, technology and real estate, with a $600 million fortune in 2014.

Omokolade Ajayi Omokolade Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopia’s richest man, Mohammed Al Amoudi, adds $100 million to his fortune

Mohammed Al Amoudi has added another $100 million to his fortune, taking his net worth to $10.2 billion.

Omokolade Ajayi Omokolade Ajayi
GoldFields
Hot NewsBusiness

Gold Fields profit surges to $1.9 billion in H1 2026 as shareholder returns rise

Gold Fields’ H1 2026 profit jumped 81% to $1.85 billion as higher gold prices, stronger production and shareholder returns boosted results.

Feyisayo Ajayi Feyisayo Ajayi
The Central Bank of Nigeria.
BusinessHot News

Nigeria’s foreign reserves surge past $52 billion, easing naira pressure

Nigeria’s foreign exchange reserves climbed to $52.66 billion as crude receipts and portfolio inflows eased pressure on the naira.

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

South Africa’s Foschini Group eyes job cuts, store closures in major overhaul

The Foschini Group has opened retrenchment talks and mapped out 100 store closures as a retail slump wipes over $600 million off its value.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN backs midterm targets with $374 million buyback as core cash holds up

MTN launches a $374 million share buyback as stronger African operations lift earnings, free cash flow, and medium-term growth prospects.

Omokolade Ajayi Omokolade Ajayi
ADvTECH
BusinessHot News

AdvTech posts $316 million revenue as enrolments near 120,000

AdvTech’s revenue rose 8% to $316 million as enrolments climbed 13% to nearly 120,000, driven by strong growth across education operations.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

After pocketing over $20 million, Tony Elumelu eyes another $14 million dividend from Seplat Energy

Tony Elumelu is due to receive $14.45 million from Seplat Energy on Aug. 28, taking his 2026 dividends to $35.3 million.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola adds $9.3 million in First HoldCo shares, targets 51%

Femi Otedola buys $9.33 million in First HoldCo shares, raising his stake to 26.6 percent as he targets 51 percent ownership.

Omokolade Ajayi Omokolade Ajayi
Datatec dividend Jens Montanana
BusinessHot News

South African tycoon Jens Montanana set for $81 million Datatec dividend payday

Datatec founder Jens Montanana is set for an $81.3 million dividend payday after the technology group declared a R7.05 billion ($435 million) special dividend.

Feyisayo Ajayi Feyisayo Ajayi
MTN CEO Ralph Mupita
BusinessHot News

MTN profit declines to $752 million as South African business weighs on earnings

MTN profit in H1 2026 fell to $752 million as weaker South African earnings offset strong growth in Nigeria, Ghana, data and fintech.

Feyisayo Ajayi Feyisayo Ajayi