Tag: Hot News

Nigerian billionaire Tony Elumelu
BillionairesHot NewsInvestments

Nigerian billionaire Tony Elumelu urges investors in Paris to fund Africa’s future

Tony Elumelu challenges global financiers in Paris to invest directly in young African founders, moving past foreign aid into real enterprise.

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Mauritius’ ABCB Holdings
BusinessHot News

Mauritius’ ABCB Holdings profit jumps above $5 million on core banking growth

ABCB Holdings saw profit surge above $5.07 million, propelled by double-digit balance sheet expansion and strong core banking gains.

Omokolade Ajayi Omokolade Ajayi
Pretoria-born Elon Musk
MarketsBusinessHot News

Pretoria-born Elon Musk regains world’s only trillionaire crown after $65 billion gain

Elon Musk has reclaimed his title as the world’s sole trillionaire after his net worth jumped $65 billion on Monday to hit $1.04 trillion.

Omokolade Ajayi Omokolade Ajayi
BBS Bank Limited
BankingCompaniesHot News

Botswana’s BBS Bank posts $5.2 million half-year loss amid elevated funding costs

BBS Bank recorded a $5.2 million half-year loss amid high funding costs and rising credit impairments as its commercial transition continues.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Koos Bekker, chairman of Naspers and Prosus.
BillionairesBusinessHot News

South African billionaire Koos Bekker’s wealth drops by $800 million

Koos Bekker loses $800 million as tech selloffs hit Naspers and Prosus, cutting his fortune down to $3.2 billion.

Omokolade Ajayi Omokolade Ajayi
Mauritius’ ER Group
CompaniesBusinessHot News

Mauritius’ ER Group posts $153.7 million profit as hospitality drives growth

ER Group posted $153.7 million profit as hospitality and travel drove growth, with operating cash flow rising to $235 million.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesHot NewsMarkets

Africa’s first Black billionaire Patrice Motsepe loses $400 million in mining rout

Patrice Motsepe’s net worth has fallen by $400 million to $3.3 billion as weaker mining stocks pressure his African Rainbow Minerals and Harmony Gold holdings.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessBillionairesHot News

Aliko Dangote’s $16 billion Kenya refinery faces fresh legal challenge

Aliko Dangote’s $16 billion Kenya refinery faces legal scrutiny over public funding, state guarantees, and disputed coastal land in Lamu.

Omokolade Ajayi Omokolade Ajayi
CIEL Group corporate logo representing the Mauritius-based conglomerate operating across hotels, healthcare, finance, and textiles.
BusinessCompaniesHot News

Mauritius conglomerate CIEL posts $856 million revenue on tourism boom

CIEL Limited reported an 8% revenue rise to $856.1 million for FY26, driven by strong gains in hospitality and healthcare despite regional textile headwinds.

Omokolade Ajayi Omokolade Ajayi
Alex Karp, the chief executive officer of Palantir Technologies
BillionairesEntrepreneursHot News

Richest Black US billionaire Alex Karp buys 37,000-acre Swedish forest

Palantir CEO Alex Karp buys 37,000 acres of Swedish forest for about $22 million as his fortune surpasses $20 billion.

Omokolade Ajayi Omokolade Ajayi
IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.
CompaniesBusinessHot News

Mauritian giant IBL Group hits $2.6 billion in revenue on strong retail boom

IBL Group increased full-year revenue 13.2 percent to $2.6 billion as retail, consumer brands, hospitality and services drove growth.

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Zimbabwean Farm
BusinessHot News

Zimbabwe says land seizure compensation reaches $508 million

Zimbabwe says compensation to White farmers whose land was seized has reached $508 million, as it seeks to resolve the land reform dispute.

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