Kenyan businessman Suresh Bhagwanji Shah, non-executive director of I&M Group.
BusinessHot News

Kenyan businessman Suresh Bhagwanji Shah set for Ksh394 million payout from I&M Group profits

Shah, a founding member and non-executive director of Nairobi-based I&M Group, owns 10.58 percent of the group, representing 174,947,573 shares.

Omokolade Ajayi Omokolade Ajayi
Ghana local pasta production
BusinessHot News

Olam Agri unveils Ghana’s first local pasta brand with $40 million factory

Olam Agri launches Ghana’s first fully local pasta brand, boosting domestic production, cutting imports, and strengthening food security.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Ghana says it will favor local buyers as Ibrahim Mahama bids for Damang gold mine

The government has now launched a tender process, with offers due this week.

Omokolade Ajayi Omokolade Ajayi
Seinde Fadeni NAHCO stake
BusinessHot News

Meet Seinde Oladapo Fadeni: Nigerian businessman with $68 million NAHCO stake

Seinde Fadeni holds a $68 million NAHCO stake, combining board leadership and ownership to shape strategy in Nigeria’s aviation services…

Feyisayo Ajayi Feyisayo Ajayi
Logo of Guaranty Trust Holding Company Plc (GTCO), Nigerian financial services provider.
BusinessHot News

Nigeria’s GTCO posts $625 million profit in 2025; customer deposits reach $9 billion

The results reflected higher operating costs and a notable loss on financial instruments compared with the previous year.

Omokolade Ajayi Omokolade Ajayi
Britam profit 2025
BusinessHot News

Kenya’s Britam profit hits $42.6 million in 2025 on strong investment income

Britam profit rises to $42.6 million in 2025 as investment income offsets claims pressure, strengthening capital and growth outlook.

Feyisayo Ajayi Feyisayo Ajayi
Saseka Tented Camp Kruger safari
Hot NewsLuxury

Luxury meets wilderness at Saseka Lodge in South Africa’s Kruger

Saseka Tented Camp blends luxury and wilderness in Kruger National Park, offering eco-conscious safaris with exclusive wildlife experiences.

Oluwatosin Alao Oluwatosin Alao
CIC Group profits falls
BusinessHot News

Kenya’s CIC Group profit falls to $4 million in 2025 amid margin pressure

CIC Group profit plunges 82% to $4 million in 2025 as rising costs squeeze insurance margins across East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Malawi asset-based lending IFC project
BusinessHot News

IFC launches nearly half a million dollar project to strengthen Malawi SME credit

IFC launches $425,000 Malawi project to boost SME credit, strengthen asset-based lending and expand access for underserved entrepreneurs.

Feyisayo Ajayi Feyisayo Ajayi
Africa electrification Mission 300
BusinessGlobal NewsHot News

World Bank, AfDB, Rockefeller launch Mission 300 council to drive Africa’s $300m electrification push

World Bank, AfDB and Rockefeller launch Mission 300 council to mobilize private capital and expand electricity access to 300 million…

Feyisayo Ajayi Feyisayo Ajayi
FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc.
BusinessHot News

FCMB Capital Markets leads FMDQ Sponsors’ league table in 2025 with $1.1 billion raised

According to FMDQ’s report, FCMB Capital Markets led sponsor contributions across both bond listings and commercial paper quotations.

Editorial Team Editorial Team
Kevin Ellerine investment portfolio
BusinessHot NewsTechnology

Inside South African investor Kevin Ellerine’s $108 million portfolio in telecom, property, stocks

Kevin Ellerine controls a $108 million portfolio spanning telecom, property, and equities, anchored by a $50 million Blu-Label Telecom stake.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Dangote Refinery secures $4 billion loan as Afreximbank underwrites $2.5 billion

The financing adds fresh backing for the $20 billion complex built by Nigerian industrialist Aliko Dangote.

Omokolade Ajayi Omokolade Ajayi
Close-up of South African Airways aircraft.
BusinessHot News

African airlines seek lifelines: SAA bailout, Uganda $113M, Kenya $2B rescue

The airline framed the infusion as part of its growth and recovery efforts, but the Department of Transport, which oversees…

Omokolade Ajayi Omokolade Ajayi
Stanley Goetsch Dis-Chem resignation
BusinessHot News

Dis-Chem veteran Stanley Goetsch exits after 42 years, offloads $4.8 million stake

Dis-Chem director Stanley Goetsch exits after 42 years, selling $4.8 million in shares ahead of planned retirement.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to get N467 billion from BUA Foods’ record dividend

The dividend, scheduled to be paid electronically on July 15, represents the bulk of the total N504 billion ($364 million)…

Omokolade Ajayi Omokolade Ajayi
Oando Angola KON 13 block
BusinessHot News

Nigeria’s Oando secures Angola oil block to grow African operations

Oando secures Angola’s KON 13 block, taking 45% stake as it expands upstream and deepens Africa-focused oil production strategy.

Feyisayo Ajayi Feyisayo Ajayi
Remgro Mediclinic asset swap
BusinessHot News

Remgro, controlled by Johann Rupert, restructures Mediclinic stake in $950 million asset swap

Remgro and MSC’s IHL unwind Mediclinic joint venture in $950 million asset swap, refocusing ownership across Africa and Switzerland.

Feyisayo Ajayi Feyisayo Ajayi
Aveng board appointments
BusinessHot News

Aveng appoints Naidene Ford-Hoon, Graeme Bevans in board overhaul

Aveng appoints Ford-Hoon, Bevans to board, naming chairman designate as it strengthens governance and positions for long-term growth.

Feyisayo Ajayi Feyisayo Ajayi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BusinessHot News

South African-born billionaire Natie Kirsh to sell U.S. business for $29.1 billion

The transaction will create one of the largest food-service groups in the United States.

Omokolade Ajayi Omokolade Ajayi
Global billionaires investing in Africa
BusinessExclusiveHot News

Top 15 global billionaires investing billions across Africa

Global billionaires including Elon Musk, Jeff Bezos, and Bill Gates are investing billions across Africa’s tech, infrastructure, and development sectors.

Standard Bank
BusinessHot News

Standard bank expands green finance impact with new sustainability academy

Standard Bank rolls out a digital sustainability academy to boost ESG readiness for African firms.

Safaricom
BusinessHot News

Kenya clears $1.8 billion Safaricom share sale to Vodacom

Kenya’s parliament approves divestiture in Safaricom, expanding Vodacom control in a landmark telecom transaction.

Timilehin Adejumobi Timilehin Adejumobi
Kenyan businessman Suresh Bhagwanji Shah, non-executive director of I&M Group.
BusinessHot News

Kenyan businessman Suresh Bhagwanji Shah set for Ksh394 million payout from I&M Group profits

Kenyan businessman Suresh Shah to receive Ksh394 million dividend as I&M Group posts Ksh18.78 billion ($145 million) profit for 2025.

Omokolade Ajayi Omokolade Ajayi
Ghana local pasta production
BusinessHot News

Olam Agri unveils Ghana’s first local pasta brand with $40 million factory

Olam Agri launches Ghana’s first fully local pasta brand, boosting domestic production, cutting imports, and strengthening food security.

Feyisayo Ajayi Feyisayo Ajayi
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