Tag: Hot News

South African retail giant The Foschini Group
Hot NewsBusiness

South African retail leader TFG sinks to 16-year low, wiping out $606 million

South African retail giant TFG plunged to a 16-year low, losing over $606 million in market value as weak demand squeezes margins.

Omokolade Ajayi Omokolade Ajayi
South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi leads FirstRand back as Africa’s most valuable lender with $32.4 billion market cap

Mary Vilakazi steers FirstRand back to Africa’s top banking spot as its market cap reaches $32.4 billion, surpassing Capitec and Standard Bank.

Omokolade Ajayi Omokolade Ajayi
UBA sweeps top honours at 2026 Euromoney Awards
Hot NewsBusiness

UBA sweeps top honors at 2026 Euromoney Awards, named Nigeria’s Best ESG, Retail Bank

UBA swept major honors at the 2026 Euromoney Awards for Excellence, securing Best Bank for Retail and Best Bank for ESG in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Marriott International, the world’s largest hotel chain.
LuxuryBusinessHot News

Marriott to add nine Egypt hotels with more than 1,800 rooms under new deal

Marriott, the world’s largest hotel chain, will develop nine hotels with more than 1,800 rooms across Egypt, backing the country's tourism expansion and investment drive.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe sees net worth dip under $3.5 billion after bold $1 billion mining gamble

Patrice Motsepe's net worth slipped below $3.5 billion after African Rainbow Minerals approved nearly $1 billion in mining investments.

Omokolade Ajayi Omokolade Ajayi
Airtel Africa Plc
TechnologyBusinessHot News

Airtel Africa profit climbs to $198 million as revenue tops $1.85 billion in first quarter

Airtel Africa posts $198 million profit as quarterly revenue rises above $1.85 billion on strong data and mobile money growth.

Omokolade Ajayi Omokolade Ajayi
Lithium
Hot NewsBusiness

Zimbabwe eyes lithium battery manufacturing as processing push gains ground

Zimbabwe targets domestic lithium battery production to maximize critical mineral revenues, boost industrial jobs, and attract global investment.

Omokolade Ajayi Omokolade Ajayi
OPay
TechnologyBusinessHot News

OPay eyes one billion users as technology push drives faster payments

OPay targets one billion users after boosting payment speeds, fraud protection, and system reliability worldwide.

Omokolade Ajayi Omokolade Ajayi
Tanzania’s first dollar billionaire, Rostam Aziz
BusinessHot News

Mombasa gas terminal, owned by Tanzania’s first dollar billionaire Rostam Aziz, nears completion

Rostam Aziz’s Ksh16 billion ($124 million) Mombasa LPG terminal nears completion, set to reshape Kenya’s gas market.

Omokolade Ajayi Omokolade Ajayi
Nigerian tycoon Kola Karim
BillionairesBusinessExclusiveHot News

Kola Karim: The Nigerian tycoon who recently won a $1 billion Algeria gas contract

Kola Karim expands Shoreline into North Africa, securing a landmark $1 billion gas contract in Algeria via Arkad.

Omokolade Ajayi Omokolade Ajayi
South African banker Ben Kruger.
Hot NewsBusiness

Former Standard Bank CEO Ben Kruger’s stake tops $4 million as shares climb

Former Standard Bank CEO Ben Kruger’s stake in Africa’s largest lender climbs past $4 million as JSE shares rise 11.67 percent this year.

Omokolade Ajayi Omokolade Ajayi
Mauritius-based insurance group MUA Limited
Hot NewsBusiness

MUA posts higher first-quarter profit as Mauritius offsets Kenya, Uganda weakness

MUA Limited grows Q1 profit to $2.4 million, using local gains to counter challenging retail insurance environments in East Africa.

Omokolade Ajayi Omokolade Ajayi