Tag: Hot News

Ninety One
BusinessCompaniesHot News

South Africa’s Ninety One buys back $29 million in shares across UK, JSE

Dual-listed asset manager Ninety One repurchased $29 million in shares across the UK and South Africa, permanently retiring equity to reward holders.

Omokolade Ajayi Omokolade Ajayi
Dr. Awele Vivien Elumelu.
Hot NewsBusinessHospitality

Dr. Awele Elumelu leads Transcorp Hotels to $11.7 million nine-month profit

Transcorp Hotels recorded a profit of $11.7 million in 2026 under Dr. Awele Elumelu, driven by lower finance costs and tight expense management.

Omokolade Ajayi Omokolade Ajayi
Glencore
MiningBusinessCompaniesHot News

Glencore backs South Africa copper revival with $40 million bet

Glencore is backing Orion Minerals with $40 million to kick-start South Africa’s Prieska copper-zinc mine, targeting first ore by late 2027.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

After New York and Paris talks, Nigerian billionaire Tony Elumelu leads $15 billion West Africa infrastructure push

Tony Elumelu leads a $15 billion West Africa infrastructure push as investors target power, transport, trade and digital networks.

Omokolade Ajayi Omokolade Ajayi
Leadership, vision, and strategic execution. Tony Elumelu flanked by Osa Igiehon and Samuel Nwanze
BillionairesBusinessEnergyHot News

Billionaire Tony Elumelu’s Heirs Energies transformed OML 17. Can Seplat be next?

Tony Elumelu’s Heirs Energies transformed OML 17. Can his incoming Seplat Energy chairmanship unlock billions in value and improve oil production?

Omokolade Ajayi Omokolade Ajayi
South African executive Rui Morais
ExecutivesBusinessHot News

Dis-Chem CEO Rui Morais says unwritten acts of care define staff well-being

Dis-Chem CEO Rui Morais champions daily acts of empathy over balance-sheet growth, even as revenue climbed to $2.64 billion.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Theophilus “TY” Danjuma
PhilanthropyHot News

Billionaire TY Danjuma leads $3.75 million drive to rebuild one of Nigeria’s oldest schools

TY Danjuma leads a $3.75 million capital drive to rebuild Government College Katsina-Ala, saving the 111-year-old school from decay.

Omokolade Ajayi Omokolade Ajayi
South Africa's Boxer Retail Limited
BusinessHot News

Boxer eyes 1,000 stores after $1.46 billion half-year sales as shoppers hunt value

Boxer Retail is speeding toward 1,000 stores after posting $1.46 billion in half-year sales, leaning on discounter demand and strategic conversions.

Omokolade Ajayi Omokolade Ajayi
Durban-born executive Sayurie Naidoo
ExecutivesBusinessHot News

Valterra’s CFO Sayurie Naidoo leans on AI, underground tech after $724M cost overhaul

Valterra CFO Sayurie Naidoo reveals how AI, underground mining technology and $724.3 million in cost savings are boosting profitability.

Omokolade Ajayi Omokolade Ajayi
IMF
BusinessGlobal News

IMF warns African economies as rising energy prices threaten inflation fight

The IMF warns African economies that rising energy prices and high global interest rates could increase debt costs and prolong inflation pressures in 2026.

Oluwatosin Alao Oluwatosin Alao
Nigerian banker Adaora Umeoji
ExecutivesBankingHot News

Zenith Bank CEO Adaora Umeoji in line for N430 million dividend payout

Zenith Bank CEO Adaora Umeoji is set to receive a N430 million ($326,000) interim dividend payout as the lender lifts midyear shareholder returns by 20%.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Koos Bekker, chairman of Naspers and Prosus.
Hot NewsBusinessHospitalityLuxury

South Africa’s $3.2 billion man buys 2,700 acres of English countryside

South African billionaire Koos Bekker has quietly acquired over 2,700 acres in Somerset, turning rural England into an ultra-luxury playground.

Omokolade Ajayi Omokolade Ajayi