Conoil records weakest profit in five years as borrowing costs grow
Conoil records its weakest profit in five years as surging finance costs and slowing fuel sales weigh heavily on earnings.
Dorcas Adeodun
News Reporter
Dorcas Adeodun is a journalist covering finance, public policy, and economic development. She has more than five years of reporting experience and has worked across business reporting and institutional analysis.
Aiteo wins rare Libya exploration license as Tripoli opens door to foreign drillers
Aiteo won a Murzuq basin exploration license in Libya’s first bid round since 2007, joining winners that included Chevron, Eni and QatarEnergy.
Aliko Dangote's refinery sets world record with 650,000 bpd output
Dangote Refinery reaches 650,000 barrels daily, setting a single train record and reshaping Nigeria’s fuel supply landscape.
South African billionaire Johann Rupert’s Richemont set to sell Jaeger LeCoultre
South African billionaire Johann Rupert’s Richemont is advancing plans to sell Jaeger LeCoultre in a billion-franc management buyout.
Kevin Hart’s Tequila Brand Hits $200 Million in Retail Sales
Gran Coramino, co-founded by Kevin Hart, has reached $200 million in retail sales, fueled by strong 2025 growth in stores.
George Soros-Backed Delta40 Secures $20 Million to Build Africa’s Next Wave of Startups
Delta40 secures $20 million to fund and build early-stage startups across Africa’s energy, agriculture and fintech sectors.
South African tycoon Tshepo Mahloele's Harith finally gets its airline with FlySafair takeover
Harith General Partners secures FlySafair, two years after its SAA deal collapsed, marking a shift in South Africa’s airline market.
Serena Williams fuels comeback buzz after practice session with Alycia Parks
Serena Williams is once again at the center of comeback talk after Alycia Parks revealed they recently practiced together and praised the tennis legend’s fitness.
Michael Jordan opens fourth North Carolina clinic for uninsured patients
Michael Jordan has opened a fourth health clinic in North Carolina, expanding free primary care access for uninsured residents through his partnership with Novant Health.
Zak Calisto’s Karooooo makes Singapore fast growth list as Cartrack scales globally
Karooooo, led by Zak Calisto, earned a spot on Singapore’s 2026 fast growth list as Cartrack’s fleet platform expands across markets.
Nigerian billionaire Aliko Dangote’s refinery denies importing finished fuel
Dangote Refinery has rejected claims it imports finished fuel, saying it processes crude and feedstocks into petrol and diesel that meet global standards.
Billionaire Patrice Motsepe seen as potential catalyst for South Africa's mining revival
Analysts believe Patrice Motsepe’s mining experience could help reverse South Africa’s long decline in exploration, output and investor confidence.
South African singer Tyla wins second Grammy in two years in Los Angeles
South African singer Tyla has won her second Grammy in two years, reinforcing her fast rise from breakout star to global music force.
Elon Musk summoned as France raids X over deepfakes
French authorities have summoned Elon Musk and searched X offices as investigations widen into alleged political interference and the spread of deepfake content.
Multimillionaire Sipho Nkosi’s Exxaro seals $615 million manganese deal
Exxaro’s $615 million manganese deal consolidates key assets in South Africa’s Northern Cape, marking a major shift in the country’s mining landscape.
UAE’s biggest bank targets Nigeria expansion with Lagos office
First Abu Dhabi Bank plans a Lagos office as it expands into Nigeria, deepening its push into infrastructure and energy financing across Africa.