Business

Africa Has 365 Companies Generating at Least $1 Billion in Annual Revenue

Africa now has about 365 companies generating $1 billion or more in annual revenue, with the companies collectively generating roughly $1.5 trillion a year. About 30 companies on the continent now generate more than $10 billion in annual revenue. South Africa Dominates The map of big business rem...

1 day ago |Business

US billionaire’s $7.9m Tanzania island sale faces government clarification

US billionaire and venture capitalist Tim Draper has put his interest in Lupita Island, a luxury resort on Tanzania’s Lake Tanganyika, up for sale for $7.9 million or the best offer. Draper announced the sale on August 28, saying he and his family no longer use the property enough. He reportedly ...

1 day ago |Business

Uber Exits Nigeria and Uganda After More Than a Decade

Ride-hailing company Uber has ended its operations in Nigeria and Uganda after 12 and 10 years respectively, following a review of its business across Africa. The company said it will discontinue its ride-hailing services in the two countries as part of efforts to simplify its operations and focu...

1 day ago |Business

Dangote Plans Dubai Family Office to Secure Business Legacy for Generations

Aliko Dangote is establishing a family office in Dubai to oversee his wealth, investments and wider business interests, with broader operations expected to begin in 2027. The office will be overseen by his daughter, Halima Dangote, and will focus on governance, capital management, investments, ph...

6 days ago |Business

Ghana Police suspend concrete mixer truck operations in Accra and Tema

The Ghana Police Service has suspended the operations of concrete mixer trucks in Accra and Tema for three days over concerns about road safety and damage to road infrastructure. The restriction took effect on Friday, 28 August 2026, and will remain in place until Sunday, 30 August. According to ...

6 days ago |Business