Tag: Featured

Caxton interim results 2025
BusinessHot News

South African media tycoon Terrence Moolman gains $17 million from Caxton shares in 2026 rally

Terrence Moolman nets $17 million as Caxton & CTP Publishers shares rally on Johannesburg Stock Exchange, strengthening wealth and industry influence in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Peregrine Capital Caxton stake
BusinessHot News

Peregrine Capital raises Caxton stake to $32.5 million in South Africa media bet

South Africa’s Peregrine Capital lifts stake in Caxton & CTP Publishers & Printers to $32.5 million, reinforcing confidence in media and packaging growth.

Feyisayo Ajayi Feyisayo Ajayi
Egypt largest pharmacy chains
BusinessHot News

Top 10 largest pharmacy chains in Egypt

Egypt’s largest pharmacy chains expand nationwide, modernizing healthcare retail and digital access across 110 million consumers.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Tencent AI setbacks in China wipe $8.26 billion off Naspers’ market cap

Naspers loses $8.26 billion in market value as Tencent’s AI setbacks deepen, dragging shares down 19.3 percent despite strong ecommerce growth.

Omokolade Ajayi Omokolade Ajayi
Cell C signals growth after JSE listing
Hot NewsTechnology

Cell C reports $355.8 million revenue in first interim results after JSE listing

Cell C posts $355.8 million interim revenue after JSE debut, signaling operational momentum amid restructuring and rising MVNO growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigeria’s largest brewer returns to profit as revenue tops $1 billion

Nigerian Breweries returns to profit as revenue tops $1.08 billion, reversing prior losses and strengthening equity after debt cuts.

Omokolade Ajayi Omokolade Ajayi
Orascom Construction 2025 revenue
BusinessHot News

Orascom Construction revenue jumps 55% to $5.1 billion in 2025

Orascom Construction reports $5.1 billion 2025 revenue as backlog, profit and U.S. data center awards surge.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Strive Masiyiwa, Zimbabwe’s richest man, rebuilds net worth to $1.5 billion

Strive Masiyiwa rebuilds wealth to $1.5 billion with AI, fintech, and renewable energy investments after a $500 million 2025 setback.

Omokolade Ajayi Omokolade Ajayi
Coty revenue decline H1 2026
Hot NewsLuxury

Coty posts $3.26 billion revenue in Sue Nabi’s final year

Coty revenue drops to $3.26 billion after Sue Nabi exit, driven by weaker demand and a 6% like-for-like decline.

Feyisayo Ajayi Feyisayo Ajayi
African women in mining
BusinessHot News

15 richest African women in mining industry

African women are reshaping mining, building billion-dollar mineral empires across gold, coal, diamonds and manganese.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Thousands of jobs at risk as South Africa’s Tongaat Hulett faces liquidation

Thousands of jobs are at risk as South African sugar producer Tongaat Hulett faces liquidation after a failed $737 million rescue plan.

Omokolade Ajayi Omokolade Ajayi
Johann Rupert, chairman of Richemont and Remgro Limited.
BusinessHot News

South Africa’s richest man Johann Rupert gains $900M; net worth rises to $19.1B

South Africa’s Johann Rupert sees fortune rebound by $900 million, lifting his net worth to $19.1 billion amid Richemont stock gains.

Omokolade Ajayi Omokolade Ajayi