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Business Africa

Frasers Targets Majority Control of Hugo Boss With Stake Above 50%

Frasers Group is seeking to increase its stake in Hugo Boss beyond 50%, taking the British retailer closer to majority control of the German...

Naomi Osaka Channels Allen Iverson With Bold Basketball Inspired US Open Look

Naomi Osaka turned her US Open entrance into a tribute to NBA icon Allen Iverson, arriving at Arthur Ashe Stadium in a dramatic gray...

Everton Agree £40 Million Deal to Bring Folarin Balogun Back to Premier League

Everton have agreed a deal with Monaco to sign United States striker Folarin Balogun for around £40 million, paving the way for the 25...

Tinubu Hails 4.43% GDP Growth as Nigeria Targets Stronger Household Gains

President Bola Tinubu has welcomed Nigeria’s 4.43% year on year GDP growth in the second quarter of 2026, describing the latest figures as evidence...

John Ternus Takes Apple CEO Role With AI at the Top of His Agenda

John Ternus has officially taken over as Apple’s chief executive officer, succeeding Tim Cook after 15 years at the helm. Ternus, Apple’s former senior...

Mercedes-Benz Launches Fresh €1 Billion Share Buyback as Carmaker Strengthens Investor Returns

Mercedes-Benz Group will launch a new €1 billion share buyback programme on September 1, 2026, extending the German luxury carmaker’s strategy of returning excess...

Victoria Beckham’s Fashion and Beauty Empire Turns First Operating Profit

Victoria Beckham Holdings has recorded its first operating profit, marking a major financial turnaround for the British fashion and beauty business after years of...

Billionaire Tim Draper Puts Tanzanian Private Island on Market for $7.9 Million

American venture capital billionaire Tim Draper has placed his 110 acre private island in Tanzania on the market for $7.9 million or the best...

Razon’s ICTSI Expands African Port Empire With TLG Acquisition

International Container Terminal Services Inc. (ICTSI), controlled by Philippine billionaire Enrique Razon Jr., has agreed to acquire 100% of TLG Acquisition Holdings, expanding its...

Eskom CFO Calib Cassim to Retire as South Africa’s Power Utility Builds on Turnaround

South Africa’s state owned power utility Eskom has announced the retirement of Group Chief Financial Officer Calib Cassim, who will leave the company during...

Lagos Government Backs Black Market Premiere at Tafawa Balewa Square

The Lagos State Government has pledged its support for the premiere of Black Market, an upcoming Nigerian film scheduled to premiere on Saturday, September...

CXMT Enters Xiaomi Foldable Supply Chain With New LPDDR6 Memory

China’s leading memory chipmaker ChangXin Memory Technologies (CXMT) will supply its latest LPDDR6 DRAM for Xiaomi’s upcoming flagship foldable smartphone, marking a significant breakthrough...
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