BusinessHot News

Kenyan Sasini Tea targets China, India as Middle East crisis hits exports

The company said shipping produce through the Suez Canal and the Strait of Hormuz has become increasingly challenging due to…

Omokolade Ajayi Omokolade Ajayi
MTN IHS Towers acquisition
BusinessHot News

MTN’s $6.2 billion IHS takeover could deliver $9.2 million to Bashir Ahmad El-Rufai

Bashir Ahmad El-Rufai could earn $9.2 million if MTN Group completes its $6.2-billion acquisition of telecom tower giant IHS Towers.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Zimbabwe’s richest man Strive Masiyiwa gains $900 million; hits $2.2 billion

Masiyiwa’s net worth has climbed from $1.3 billion on Jan. 1, 2026, to $2.2 billion at the time of drafting…

Omokolade Ajayi Omokolade Ajayi
Ngugi Kiuna Heineken lawsuit
BusinessHot News

Kenyan tycoon Ngugi Kiuna wins over $11 million court order against Heineken

Kenyan businessman Ngugi Kiuna wins major court order forcing Heineken to guarantee $11.4 million in a decade-long distribution dispute.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, president of Dangote Group
BusinessHot News

Africa’s richest man Aliko Dangote loses $400 million as naira weakens

According to the Bloomberg Billionaires Index, Dangote, 68, has lost $400 million over the past 10 days.

Omokolade Ajayi Omokolade Ajayi
Labat Africa Mondau AI investment
BusinessHot News

Labat Africa buys $1.8 million stake in Mozambique AI firm Mondau

Labat Africa buys $1.8 million stake in Mozambique AI firm Mondau, expanding into generative AI, GPU infrastructure and Africa’s digital…

Feyisayo Ajayi Feyisayo Ajayi
European Investment Bank renewable energy Africa
BusinessHot News

European Investment Bank commits $1.2 billion to boost renewable energy in Africa

European Investment Bank pledges $1.2 billion to expand renewable energy and electricity access across sub-Saharan Africa under Mission 300.

Feyisayo Ajayi Feyisayo Ajayi
IFC $50 million ZEP-RE guarantee
BusinessHot News

IFC proposes $50 million guarantee for ZEP-RE to expand insurance coverage across Africa

IFC proposes a $50 million guarantee for ZEP-RE to boost underwriting capacity and expand insurance access across African markets.

Feyisayo Ajayi Feyisayo Ajayi
Benson Ndeta bank fraud
BusinessHot News

Kenyan cement tycoon Benson Ndeta faces arrest over $34.8 million Absa Bank fraud

Kenyan cement executive Benson Ndeta faces arrest after court warrant over alleged $34.8 million Absa Bank Kenya fraud scheme.

Feyisayo Ajayi Feyisayo Ajayi
Nairobi CBD property sale
BusinessHot News

Jubilee Holdings to sell Nairobi CBD office for $15.5 million

Jubilee Holdings to sell Nairobi CBD office for $15.5 million, moving operations to modern Upper Hill headquarters.

Feyisayo Ajayi Feyisayo Ajayi
Proparco Rawbank SME financing
BusinessHot News

Proparco grants Rawbank $50 million loan to expand SME financing in DR Congo

Proparco grants Rawbank $50 million loan under IFC-led $265 million package to expand SME lending, boost private sector growth and…

Feyisayo Ajayi Feyisayo Ajayi
Youngest African billionaires
ExclusiveHot News

10 youngest African billionaires

Africa’s 10 youngest billionaires built empires in telecom, cement, energy and real estate, shaping industries and expanding influence across global…

Feyisayo Ajayi Feyisayo Ajayi
LuxuryTourism

Iran strikes shake Dubai’s safe-haven status as wealthy residents weigh exit

Iran strikes hit Dubai, prompting some wealthy residents and investors to reassess safety and luxury real estate plans.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African billionaire Patrice Motsepe’s net worth drops below $4 billion

The drop follows a recent slide in the shares of mining companies tied to Motsepe’s portfolio.

Omokolade Ajayi Omokolade Ajayi
African tech unicorns
Hot NewsTechnology

10 most valuable African tech unicorns

Africa’s tech ecosystem has produced billion-dollar startups solving payments, talent, and logistics gaps while attracting global investors.

Feyisayo Ajayi Feyisayo Ajayi
Raya Holding profit 2025
BusinessHot News

Egypt’s Raya Holdings sees profit slip to $6.5 million in 2025

Raya Holding profit slips to $6.5 million in 2025 despite revenue growth, as Egypt’s outsourcing giant expands global BPO operations.

Feyisayo Ajayi Feyisayo Ajayi
Reinet's $3.9 billion payday
BusinessHot News

Johann Rupert’s Reinet secures $3.9 billion payday from PIC sale

Johann Rupert’s Reinet to earn $3.9 billion from PIC stake sale, boosting liquidity and global investment influence.

Feyisayo Ajayi Feyisayo Ajayi
BusinessExclusive

Abdul Samad Rabiu’s son, Khalifa, joins Nigeria’s wealthy with $271 million BUA Foods stake

Abdul Samad Rabiu’s son, Khalifa, joins Nigeria’s wealthy with a $271 million stake in BUA Foods.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

U.S., China push Ghana to halt gold royalty hike amid miner backlash

U.S. and China urge Ghana to reconsider gold royalty hike as miners warn higher rates could hurt Africa’s top gold…

Omokolade Ajayi Omokolade Ajayi
Hot NewsLuxuryTourism

10 best private islands in Africa

Africa’s private islands offer ultra-luxury escapes, pristine beaches, and conservation-led hospitality across Seychelles, Tanzania and Mozambique.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenyan Sasini Tea targets China, India as Middle East crisis hits exports

Sasini Tea shifts avocado and macadamia exports to China and India as…

Omokolade Ajayi Omokolade Ajayi
MTN IHS Towers acquisition
BusinessHot News

MTN’s $6.2 billion IHS takeover could deliver $9.2 million to Bashir Ahmad El-Rufai

Bashir Ahmad El-Rufai could earn $9.2 million if MTN Group completes its…

Feyisayo Ajayi Feyisayo Ajayi
Egypt FRA approves Al Ahly Green Agricultural Investment Fund Company
BusinessTechnology

Egypt’s FRA approves first private equity fund for agriculture

Egypt is expanding investment opportunities to support productive sectors of its economy.…

Oluwatosin Alao Oluwatosin Alao
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