Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire to pocket $2 million interim dividend from MTN

The dividend announcement comes at a time when MTN Uganda is navigating a more demanding operating environment.

Omokolade Ajayi Omokolade Ajayi
African Rainbow Minerals executives
BusinessHot News

ARM top executives offload $3.1 million in shares following Patrice Motsepe’s retirement

ARM executives sell $3.1M in shares after Motsepe’s chairman transition, signaling governance shift and investor scrutiny.

Feyisayo Ajayi Feyisayo Ajayi
Taryn Woodbridge Mercedes-Benz South Africa CEO
BusinessHot News

South African executive Taryn Woodbridge named first female CEO of Mercedes-Benz South Africa

Mercedes-Benz South Africa names Taryn Woodbridge first female CEO, effective June 1, marking a historic leadership milestone at the automaker.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Michiel Le Roux.
BillionairesBusinessHot News

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in…

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BillionairesBusinessHot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

The deal highlights continued interest in Kenya’s banking sector, where foreign and regional lenders have remained active buyers of local…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Wiese-linked entities execute $57 million Shoprite share swap, expanding derivatives exposure tied to Africa’s largest retailer.

Feyisayo Ajayi Feyisayo Ajayi
Safaricom earnings results 2026
BusinessHot NewsTechnology

Safaricom posts $570.7 million profit as Ethiopia expansion drives growth in 2026

Safaricom reports $570.7 million profit as Ethiopia expansion and M-PESA growth lift revenue to $3.31 billion for FY26, data growth…

Feyisayo Ajayi Feyisayo Ajayi
IHS Towers Brazil fiber sale
BusinessHot NewsTechnology

Sam Darwish’s IHS Towers closes $452.6 million Brazil fiber asset sale

IHS Towers sells $452.6 million Brazil fiber stake to TIM, sharpening focus on higher-margin telecom infrastructure assets.

Feyisayo Ajayi Feyisayo Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

DTB completes $9.8 million Burundi sale, ends 16-year market presence

The sale was part of a structured transfer of its shares to a consortium of local investors in Burundi, led…

Omokolade Ajayi Omokolade Ajayi
ADvTECH $1.5 billion market cap
BusinessHot News

ADvTECH, Africa’s largest private education provider, tops $1.5 billion market cap

ADvTECH tops $1.5 billion market cap as student demand, acquisitions and strong earnings lift Africa’s largest private education group.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s second-richest man, Nicky Oppenheimer.
BillionairesBusinessHot News

South African billionaire Nicky Oppenheimer rebounds with $1.6 billion gain

According to the Bloomberg Billionaires Index, Oppenheimer’s fortune rose from $12.9 billion on Mar. 31 to $14.5 billion at the…

Omokolade Ajayi Omokolade Ajayi
MTN Uganda Head office
BusinessHot News

MTN Uganda Q1 profit falls to $46 million amid election internet shutdown

MTN Uganda Q1 profit slips 3.8% to $46 million as election disruptions, investments, and currency pressures weigh on earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Yasseen Mansour’s Palm Hills stake nears $100 million as Egypt property stocks rally

Yasseen Mansour’s Palm Hills stake nears $100 million as shares surge, driven by strong earnings and rising investor demand for…

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Aliko Dangote refinery drives petrol prices up 82 percent in Nigeria this year

Higher crude prices are feeding into fuel costs worldwide, and Nigeria is no exception. For now, the Dangote refinery remains…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

African ports miss out as Hormuz disruption reroutes shipping via Cape routes

Despite that increase in vessel movement, African ports have not seen a matching rise in cargo handling or container throughput.

Omokolade Ajayi Omokolade Ajayi
Agritech Kenya
BusinessHot News

Apollo Agriculture gets $2.1 million to finance 24,000 Kenyan farmers

Apollo Agriculture secures $2.1 million in local currency debt to fund 24,000 Kenyan farmers via securitised buy-now-pay-later model financing

Feyisayo Ajayi Feyisayo Ajayi
Arno Daehnke Standard Bank pay
BusinessHot News

South African executive Arno Daehnke takes $4.9 million pay from Standard Bank in 2025, to retire in 2027

Arno Daehnke earned $4.9 million in 2025 as Standard Bank posted strong growth ahead of his planned 2027 retirement.

Feyisayo Ajayi Feyisayo Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BusinessHot News

Nigeria’s Access Bank to sell foreign units after Central Bank order

The central bank now caps equity exposure to foreign subsidiaries at 10 percent of shareholders’ funds, part of a broader…

Timilehin Adejumobi Timilehin Adejumobi
MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining cedes majority control to KDG in a $90 million deal 

MC Mining hands KDG a 51% stake in a $90 million deal, accelerating development of South Africa’s Makhado coal project.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Mauritius eyes 100 wealthy investors a year with golden visa push

The move comes as countries compete more selectively for wealthy migrants, even as some governments tighten rules around similar visa…

Omokolade Ajayi Omokolade Ajayi
Egypt named Premier Partner for World Travel Market London 2026 as Africa tourism grows
BusinessTourism

Africa tourism gains as Egypt named Premier Partner for WTM London 2026

Africa’s tourism industry is drawing stronger global attention as the Egyptian Tourism Authority has been named Premier Partner for World Travel Market London 2026, one of the world’s largest gatherings for the travel trade.  The partnership highlights Egypt’s growing role in the international tourism market and offers another platform for the continent to present its destinations to travel companies, investors…

BusinessHot News

Capitec edges FirstRand to become Africa’s most valuable bank as earnings seen up to 25%

Capitec Bank becomes Africa’s top bank as shares rise and earnings are expected to jump 25 percent.

Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire to pocket $2 million interim dividend from MTN

Charles Mbire set to receive $2.02 million dividend from MTN Uganda as revenue hits $243 million and profit stands at $46 million.

Omokolade Ajayi Omokolade Ajayi
Barrick contractor exits Mali mine, 600 jobs at risk as output lags
BusinessTechnology

Barrick contractor exits Mali, leaving more than 600 workers without jobs

Mali’s gold sector is facing renewed pressure after a major contractor at Barrick Mining’s Loulo-Gounkoto mining complex moved to end its operations, a decision expected to cost more than 600 workers their jobs and raise fresh concerns about the future of one of Africa’s most important gold assets.  The move comes at a difficult time for Mali, where gold remains…

Oluwatosin Alao Oluwatosin Alao
African Rainbow Minerals executives
BusinessHot News

ARM top executives offload $3.1 million in shares following Patrice Motsepe’s retirement

ARM executives sell $3.1M in shares after Motsepe’s chairman transition, signaling governance shift and investor scrutiny.

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa headquarter office
BusinessTechnology

Airtel Africa delays Mobile Money IPO amid Iran War cost pressure  

Airtel Africa delayed the IPO of Airtel Money to late 2026 as Iran war-linked costs rise, even as profit and revenue beat analyst estimates.

Timilehin Adejumobi Timilehin Adejumobi
Taryn Woodbridge Mercedes-Benz South Africa CEO
BusinessHot News

South African executive Taryn Woodbridge named first female CEO of Mercedes-Benz South Africa

Mercedes-Benz South Africa names Taryn Woodbridge first female CEO, effective June 1, marking a historic leadership milestone at the automaker.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Michiel Le Roux.
BillionairesBusinessHot News

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in Capitec Bank shares.

Omokolade Ajayi Omokolade Ajayi
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