Tag: Featured

Aliko Dangote, president of Dangote Group
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Africa’s richest man Aliko Dangote gains $2.76 billion as cement shares surge

Africa’s richest man Aliko Dangote gains $2.76 billion as Dangote Cement rises, boosting his net worth to $32.7 billion.

Omokolade Ajayi Omokolade Ajayi
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Black South Africans climb income ladder as unemployment hits lowest since 2020

Over the past three decades, a growing number of Black South African households have moved into higher income brackets. A University of Cape Town study by the Liberty Institute of Strategic Marketing shows that the share of Black households earning more than R75,000 ($4,672) per month rose to 41 percent in 2024, up from 29 percent in 2012. In the…

Omokolade Ajayi Omokolade Ajayi
Glencore DRC copper deal
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Glencore DRC land deal extends Kamoto output into 2040s

Glencore secures DRC land deal, extending Kamoto mine life to mid-2040s and reinforcing long-term copper output stability.

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Johann Rupert, chairman of Richemont and Remgro Limited.
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South Africa’s richest man, Johann Rupert, slips below $19 billion

South Africa’s richest man, Johann Rupert, chairman of Swiss luxury giant Richemont, has seen his net worth slip below the $19 billion mark, tempering earlier expectations that he could soon join the small circle of Africans worth more than $20 billion. At the start of the year, his fortune climbed as high as $19.7 billion, putting him within reach of…

Omokolade Ajayi Omokolade Ajayi
Oando raises $164 million to expand operations
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Oando Plc plans $164 million rights issue to strengthen its capital base

Oando Plc seeks $164.4 million via rights issue to boost capital, support growth, and strengthen its position in Nigeria’s oil sector.

Feyisayo Ajayi Feyisayo Ajayi
Most expensive countries in Africa 2026
Hot NewsLuxury

10 most expensive countries in Africa in 2026

Africa’s 10 most expensive countries in 2026 reveal rising grocery prices, import reliance, inflation pressures and strained purchasing power.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Mauritius-based MCB Group posts $315 million profit as earnings climb 15%

Mauritius-based MCB Group posts $315 million profit, up 15%, with assets exceeding $23 billion and global operations expanding.

Omokolade Ajayi Omokolade Ajayi
Gold Fields $3.57 billion profit
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Africa’s 20 most valuable companies in 2026

Africa’s 20 most valuable stocks in 2026 reflect mining strength, telecom growth, and financial dominance across major exchanges.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Tsogo Sun buyback tops $14 million as shares fall 33% on JSE

Tsogo Sun repurchases $14.1 million in shares amid 33% stock decline, maintaining financial stability and operational growth.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major milestone, becoming Africa’s third-richest person with a net worth of $11 billion. The surge, driven by a single-day gain of $560 million, comes barely three weeks after he surpassed the $10 billion mark. According to Forbes, Rabiu is now the world’s 278th richest individual, surpassing South African billionaire…

Omokolade Ajayi Omokolade Ajayi
Adebayo Ogunlesi, Nigerian billionaire and co-founder of Global Infrastructure Partners.
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Nigerian billionaire Adebayo Ogunlesi loses $100 million as BlackRock hits $14 trillion

Adebayo Ogunlesi’s net worth drops to $2.4 billion amid BlackRock stock decline despite reaching $14 trillion in assets under management.

Omokolade Ajayi Omokolade Ajayi
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Unemployment in South Africa falls to lowest level since 2020

South Africa’s unemployment rate drops to 31.4 percent in fourth quarter 2025, lowest since 2020, as hiring improves modestly.

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