Remgro FirstRand exit
BillionairesBusinessHot News

South African billionaire Johann Rupert’s Remgro exits FirstRand with $515 million sale

Remgro exits FirstRand after R8.47 billion ($515 million) share sales, unlocking capital for new investments as the group reshapes its…

Feyisayo Ajayi Feyisayo Ajayi
Jamil Abubakar, Dangote Group infrastructure and logistics chief, appointed as Aliko Dangote expands trade and logistics operations across Africa.
BusinessHot News

Aliko Dangote’s son-in-law, Jamil Abubakar, takes leadership role at Dangote Group

Abubakar will report to Dangote and oversee the group’s ports and trade-enabling infrastructure projects.

Omokolade Ajayi Omokolade Ajayi
Outgoing Chief Executive Officer John Lamola
BusinessHot News

SAA under scrutiny after CEO John Lamola’s exit as AG flags weak controls, revenue leaks

The findings come at a sensitive time for the national carrier. Lamola is set to step down at the end…

Omokolade Ajayi Omokolade Ajayi
OCI Global Methanex exit strategy
BusinessHot News

Nassef Sawiris-backed OCI exits Methanex stake, nets $370 million from share sales

OCI Global exits Methanex stake after $370 million sell-down, completing phased divestment and sharpening focus on core nitrogen assets.

Feyisayo Ajayi Feyisayo Ajayi
Papa Madiaw Ndiaye NEM Insurance stake
BusinessExclusive

Meet Senegalese financier Papa Madiaw Ndiaye, holding $18 million stake in Nigeria’s NEM Insurance

Senegalese financier Papa Madiaw Ndiaye holds an $18 million stake in Nigeria’s NEM Insurance, signaling growing Africa insurance investment.

Feyisayo Ajayi Feyisayo Ajayi
IFC New Hope loan
BillionairesBusinessHot News

IFC eyes $150 million loan to New Hope unit to expand animal feed production across emerging markets

IFC considers $150 million loan to New Hope unit to expand animal feed production across emerging markets and strengthen food…

Feyisayo Ajayi Feyisayo Ajayi
Nairobi, Kenya's capital city.
BusinessHot News

Kenya targets $150 billion biodiversity financing in UN-backed plan

The effort is anchored on a United Nations-backed initiative known as the Biodiversity Finance Initiative (BIOFIN).

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake climbs to $934 million, nears $1 billion

His holding has climbed to N1.26 trillion ($934 million), strengthening his wealth and underscoring the expanding role of local capital…

Omokolade Ajayi Omokolade Ajayi
Morocco SME financing IFC Tamwilcom
BusinessHot News

IFC partners Tamwilcom on $300 million facility to unlock SME financing in Morocco

IFC and Tamwilcom launch $300 million risk-sharing facility to boost SME financing, targeting women-led firms, agriculture and supply chains in…

Feyisayo Ajayi Feyisayo Ajayi
Mike Teke, chairman of Seriti Resources Holdings and Masimong Group, leading South Africa’s energy and investment sector.
BillionairesBusinessExclusive

Meet Mike Teke: Ex-teacher leading South African multibillion-rand energy group

His role at Seriti, combined with his leadership of the billion-dollar Masimong Group, places him among the key figures shaping…

Omokolade Ajayi Omokolade Ajayi
Crookes Brothers earnings
BusinessHot News

Crookes Brothers appoints Thomas Attree as audit chair following Farzanah Mall’s passing

Crookes Brothers appoints Thomas Attree as audit chair, strengthening governance after board losses and leadership gaps in March 2026. continuity

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
BusinessHot News

South African tycoon Adrian Gore pockets $3 million in H1 2026 dividends from Discovery

Adrian Gore, Discovery co-founder, will receive R50.61M ($3.1M) interim dividends after insurer posts stronger earnings and higher payout growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egyptian billionaire Samih Sawiris deepens Morocco bet with $235 million tourism project

Egyptian-Emirati investors commit $235 million to Morocco tourism project, signaling rising cross-border capital into high-growth markets.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya vehicle import financing
BusinessHot News

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigeria’s Terra Industries to open Africa’s largest drone factory in Ghana

The Abuja-based company announced that construction of Pax-2, its second manufacturing facility, is nearing completion.

Omokolade Ajayi Omokolade Ajayi
Sidian Bank
BusinessHot News

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

The move comes at a time when banks across East Africa are tightening capital buffers to manage higher interest rates…

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across…

Omokolade Ajayi Omokolade Ajayi
Tazi family Sothema stake
BusinessHot News

Meet one of Morocco’s richest, Tazi family, with more than $650 million worth of shares

Tazi family’s $653 million Sothema stake cements control, reinforcing influence on Morocco’s pharmaceutical and healthcare landscape.

Feyisayo Ajayi Feyisayo Ajayi
Andrada Mining $11m raise
BusinessHot News

Andrada Mining raises $11 million to accelerate critical minerals expansion in Namibia

Andrada Mining secured $11 million in private placement to expand tin and critical minerals production in Namibia, strengthening its balance…

Feyisayo Ajayi Feyisayo Ajayi
Mamelodi Sundowns CAF
Hot NewsSports

Patrice Motsepe’s Mamelodi Sundowns reach CAF Champions League final after defeating Esperance

Mamelodi Sundowns, owned by Patrice Motsepe, reach CAF Champions League final after 1–0 win over Espérance, sealing 2–0 aggregate victory…

Feyisayo Ajayi Feyisayo Ajayi
Biggest pharmaceutical manufacturers in Africa
BusinessHot News

15 biggest pharmaceutical manufacturers in Africa

Africa’s biggest pharmaceutical manufacturers are reshaping healthcare through local production, digital retail, and regional expansion.

Qala Shallows gold project
BusinessHot News

Absa Bank secures West Wits equity in strategic fee settlement deal

Absa strengthens its role in African mining with the new West Wits equity deal.

Remgro FirstRand exit
BillionairesBusinessHot News

South African billionaire Johann Rupert’s Remgro exits FirstRand with $515 million sale

Remgro exits FirstRand after R8.47 billion ($515 million) share sales, unlocking capital for new investments as the group reshapes its portfolio.

Feyisayo Ajayi Feyisayo Ajayi
Jamil Abubakar, Dangote Group infrastructure and logistics chief, appointed as Aliko Dangote expands trade and logistics operations across Africa.
BusinessHot News

Aliko Dangote’s son-in-law, Jamil Abubakar, takes leadership role at Dangote Group

Jamil Abubakar becomes Dangote Group infrastructure and logistics chief as Aliko Dangote expands African trade network.

Omokolade Ajayi Omokolade Ajayi
LEVA Hotels signs $1B Bulawayo hotel deal, boosts Zimbabwe tourism
BusinessTourism

LEVA Hotels signs deal with Radar Properties for Kings City hotel in Zimbabwe

LEVA Hotels is expanding its presence in Southern Africa with a new hospitality project in Bulawayo, pointing to renewed investor interest in Zimbabwe’s tourism and real estate sectors. The Dubai-based brand has signed a management agreement with Radar Properties to develop a $1 billion lifestyle hotel within the Kings City mixed-use development.  The agreement reflects a wider shift among international…

Oluwatosin Alao Oluwatosin Alao
Outgoing Chief Executive Officer John Lamola
BusinessHot News

SAA under scrutiny after CEO John Lamola’s exit as AG flags weak controls, revenue leaks

South African Airways faces scrutiny after John Lamola’s exit as AG flags weak financial controls, revenue leakages and poor reporting standards.

Omokolade Ajayi Omokolade Ajayi
OCI Global Methanex exit strategy
BusinessHot News

Nassef Sawiris-backed OCI exits Methanex stake, nets $370 million from share sales

OCI Global exits Methanex stake after $370 million sell-down, completing phased divestment and sharpening focus on core nitrogen assets.

Feyisayo Ajayi Feyisayo Ajayi
Apple names John Ternus CEO, replacing Tim Cook to drive AI growth
BusinessTechnology

Apple appoints John Ternus CEO as tech giant enters new era

Apple is entering a new phase, handing leadership of the world’s most valuable technology company to a longtime insider as it looks to sharpen its edge in product design and stay competitive in a changing market.  The company said John Ternus will take over as chief executive on Sept. 1, replacing Tim Cook, who is stepping down after 15 years.…

Oluwatosin Alao Oluwatosin Alao
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