Tag: Featured

Alex Karp, the chief executive officer of Palantir Technologies
BillionairesBusinessHot News

Alex Karp set to become first US Black billionaire worth $20 billion as Palantir shares surge

Palantir CEO Alex Karp’s fortune has climbed above $19 billion as the company’s shares surge, putting him within reach of $20 billion.

Omokolade Ajayi Omokolade Ajayi
Cygnum Capital
BusinessHot News

Cygnum Capital’s Sub-Saharan African project targets $300 million for off-grid power

Cygnum Capital targets $300 million to expand off-grid renewable energy financing across Sub-Saharan Africa, with IFC proposing $50 million.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Khumo Shuenyane
BusinessHot News

South African executive Khumo Shuenyane to succeed Saki Macozoma as Vodacom chairman in 2027

Khumo Shuenyane will succeed Saki Macozoma as Vodacom Group chairman in July 2027 after Macozoma retires from the board.

Omokolade Ajayi Omokolade Ajayi
Titan Fincap restructuring deal
BusinessHot News

South African billionaire Christo Wiese’s Shoprite sales hit $17 billion, opens 262 stores in one year

Shoprite sales reached $17 billion as Africa’s largest retailer added 262 stores and expanded digital commerce through Sixty60 in 2026.

Feyisayo Ajayi Feyisayo Ajayi
Northam credit boost renewable energy
BusinessHot News

South African PGM producer Northam Platinum posts $3.3 billion revenue in 2026

Northam Platinum reports record 2026 revenue of R54 billion, stronger PGM production, higher earnings and a 40% minimum dividend payout.

Feyisayo Ajayi Feyisayo Ajayi
Esther Koimett
BusinessHot News

Kenyan heiress Esther Koimett emerges as Middle East Bank’s largest shareholder with 17.48% stake

Esther Koimett inherited a 17.48% stake in Middle East Bank Kenya, becoming the lender’s largest disclosed individual shareholder.

Feyisayo Ajayi Feyisayo Ajayi
Mahamadou Bonkoungou
Hot NewsBusiness

Mahamadou Bonkoungou: Burkinabè tycoon who built a billion-dollar business empire through EBOMAF

Mahamadou Bonkoungou built EBOMAF from a Burkina Faso trading venture into a diversified African business group spanning construction, banking and aviation.

Feyisayo Ajayi Feyisayo Ajayi
UK-based Zimbabweans became the country’s top senders.
Global NewsBusinessHot News

Diaspora Dollars: How UK-based Zimbabweans became the country’s top senders

Zimbabwe received a record $2.45 billion in diaspora remittances in 2025, as the UK narrowly overtook South Africa as the top source.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessBillionairesHot News

Aliko Dangote plans $16 billion Kenya refinery, with 70% of funding from debt

Aliko Dangote plans to build a $16 billion refinery in Kenya, with 70 percent of the project expected to be financed through debt.

Omokolade Ajayi Omokolade Ajayi
Taryn Woodbridge
Hot NewsBusiness

Mercedes-Benz South Africa appoints Baker McKenzie as company secretary 2 months after Taryn Woodbridge became CEO

Mercedes-Benz South Africa appoints Baker McKenzie as company secretary after Taryn Woodbridge became CEO in a wider leadership transition.

Feyisayo Ajayi Feyisayo Ajayi
Quintin Rossi, the CEO of Spear REIT Limited.
BusinessHot News

Spear REIT invests $6 million in Mambos’ Cape Town distribution centre

Spear REIT is investing R90 million ($6 million) in a 7,150 m² Mambos distribution centre, supporting logistics growth and expansion across South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Zanele Matlala
BusinessHot News

South African executive Zanele Matlala leads Merafe to $32 million profit in H1 2026

Merafe Resources’ profit jumped 64% to $32 million as higher chrome ore prices and sales offset a 75% plunge in ferrochrome production during the first half.

Feyisayo Ajayi Feyisayo Ajayi