Absa interim earnings dropped as a result of Barclays separation costs
Absa Group on Monday declared that a 4% drop in interim diluted headline earnings per share for period ended June 2018, to 877.8 cents,...
African Venture Capital Firm Leads $40M Series C Investment In Andela
The news broke today that Andela, one of Africa’s leading technology companies, has raised a Series C investment of $40M. The company, with African...
African Billionaire Patrice Motsepe Invests In Digital Bank
South Africa’s first black billionaire Patrice Motsepe has reportedly invested in TymeDigital, an online lender that has recently been awarded an operating license by...
Africa’s Richest Man Looks To Acquire South African Cement Company
Africa’s richest man Aliko Dangote is looking to acquire PPC, South Africa's largest cement manufacturer.Dangote Cement, which is controlled by Dangote, and which is...
South African Billionaire Patrice Motsepe’s ARC To Raise $300 Million In...
African Rainbow Capital (ARC), the South African financial services firm founded and controlled by South African billionaire Patrice Motsepe, has announced plans to raise...
Amazon to buy Whole Foods for $13.7 billion
Amazon's paying $13.7 billion for the grocery chain, which now operates some 465 stores across the U.S.Starting out as a online book seller, Amazon...
Kenyan Restaurant Discovery Site EatOut Raises $500,000 From Craft Silicon
Nairobi-based FinTech innovator, Craft Silicon, has invested $500,000 in EatOut, a Kenyan food tech & media company.EatOut is a Kenyan restaurant search and discovery...
Former Billionaire Sudhir Ruparelia Loses Lucrative Forex Bureaus In Uganda
The Central Bank of Uganda has reportedly shut down four lucrative Bureaux de change owned by Ugandan businessman former billionaire Sudhir Ruparelia.Businessman Sudhir Ruparelia...
Meet Contec Global, A Family Business That Is Committed To Investing...
Contec Global Group is a leading U.K-based security technology company that operates across several developing countries. Contec Global Group, which is a family business,...
Indian Firm Acquires Kenyan Cancer Care Center For Almost $1 million
Healthcare Global Enterprises Ltd (HCG), a chain of Indian cancer treatment hospitals, has agreed to acquire a controlling stake in a Kenyan cancer care...
Nigerian Fintech Startup Paystack Raises $1.3 Million
Paystack, one of Nigeria's most hotly anticipated tech start-ups, has just secured $1.3M Seed investment from both international and homegrown investors. The investors...
Aliko Dangote forced to shut down his cement business in Tanzania
Africa’s richest man Aliko Dangote has shut down his cement plant in Tanzania due to high energy costs and a technical glitch at the...
Dave Van Niekerk, The Man Championing FinTech In Africa
South African-born Dave van Niekerk is the founder and CEO of MyBucks, a fast-growing African Fintech company that successfully delivers seamless financial services to...
Microsoft and Facebook team up to build underwater cable connecting U.S....
Facebook and Microsoft on Thursday announced that they are teaming up to build a subsea cable across the Atlantic Ocean.In a blog post, Microsoft...
South African Billionaire Patrice Motsepe Invests In Fibre Provider
African Rainbow Capital (ARC), a private investment vehicle controlled by South African mining billionaire Patrice Motsepe, has reportedly acquired an 18.4% stake in Metro...
Who do we put in charge? Regent Business School examines leadership...
Johannesburg, September 2026: Truth, power and accountability are often discussed as separate ideas. In practice, they are tightlyconnected. Truth has to be uncovered. Power...
New Confrontational Reality Show, Mama’s Boy, starting this Monday on Mzansi...
Mzansi, love is about to get complicated on Mzansi Wethu’s new dramatic and confrontational reality show, Mama’s Boy, premiering on Monday 27 April at 19:00.Mama’s Boy features...
