Tag: Hot News

Mtumba Government City in Dodoma
BusinessHot News

Tanzania to unveil massive $270 million government city in Dodoma

Tanzania will inaugurate the $270 million Mtumba Government City in Dodoma, anchoring 26 ministry headquarters to streamline state administration.

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Nigerian watchdog probes Uber over sudden exit, trapped user funds

Nigeria’s antitrust watchdog launches an inquiry into Uber’s sudden exit after 12 years, targeting unpaid balances, driver earnings, and lost fares.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe set to receive nearly $40 million dividend from ARM

Patrice Motsepe is set to receive nearly $40 million from African Rainbow Minerals’ final dividend, taking his 2026 payout to $68.42 million.

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

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The Foschini Group plans to close 280 stores by 2029 as online sales surge 54 percent and corporate job cuts deepen its retail restructuring.

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

Dangote Refinery boosts Nigeria’s refining sector to 44% growth in second quarter

Nigeria’s refining output grew 44 percent in Q2 2026 as Aliko Dangote’s $20 billion facility drove historic domestic processing records.

Omokolade Ajayi Omokolade Ajayi
Saint Anne Seychelles
BusinessHot News

Seychelles plans $2 billion wealth fund to fix roads and fund hospitals

Seychelles is launching a $2 billion sovereign wealth fund to upgrade critical infrastructure and healthcare amid a stabilizing economic outlook.

Omokolade Ajayi Omokolade Ajayi
South African executive Mpumi Madisa
BusinessHot News

Mpumi Madisa steers Bidvest to $810 million trading profit, lifts dividend

Mpumi Madisa leads Bidvest to $810.3 million trading profit as strong cash flow supports a 6.6% dividend increase.

Omokolade Ajayi Omokolade Ajayi
Truworths International
BusinessHot News

Truworths full-year profit falls to $165 million as fuel costs squeeze consumer spending

Truworths International’s full-year net profit fell 4.7 percent to $165 million as fuel costs and weaker consumer spending weighed on sales.

Omokolade Ajayi Omokolade Ajayi
Changan
TechnologyBusinessHot News

Chinese automakers step up South Africa electric vehicle push

Chinese automakers are expanding electric, hybrid and pickup offerings in South Africa, challenging Toyota, Ford and Isuzu.

Omokolade Ajayi Omokolade Ajayi
From small beginnings in 1967, as a Polokwane-based family business, Moolman Group has grown into a major property investment firm managing portfolios across South Africa and abroad.
BusinessHot News

How South Africa’s Moolman family unlocked $124 million from 9 mega malls

Moolman Group agreed to sell nine retail malls to Dipula Properties for $124 million, freeing up capital to fund a fresh pipeline of retail builds.

Omokolade Ajayi Omokolade Ajayi
South African executive Abigail Mukhuba
Hot NewsBusiness

South African CFO Abigail Mukhuba’s Sanlam stake rebounds above $2.5 million

A rebound in Sanlam shares has lifted Group Finance Director Abigail Mukhuba’s stake back above $2.5 million, following a 4.5 percent rebound.

Omokolade Ajayi Omokolade Ajayi
Blu Label
TechnologyBusinessHot News

South Africa’s Blu Label rewards investors after Cell C market spinoff

Blu Label resumed dividend payouts and a share buyback after Cell C's JSE listing generated $169 million in cash, cutting debt to $292.2 million.

Omokolade Ajayi Omokolade Ajayi