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
BusinessHot News

Kenya’s Makueni County gets new I&M Bank branch as group assets hit $5.3 billion

The move reflects the bank’s steady push to serve underserved markets while reinforcing its position among Kenya’s mid-tier financial institutions.

Omokolade Ajayi Omokolade Ajayi
Sirius Real Estate Kiel acquisition
BusinessHot NewsLuxury

Sirius Real Estate buys Kiel defence-anchored business park for $107 million

Sirius Real Estate buys Kiel business park for $107 million, anchored by defence giant Rheinmetall, boosting income and strategic portfolio.

Feyisayo Ajayi Feyisayo Ajayi
Sea Harvest Ladismith Cheese sale delay
BusinessHot News

Sea Harvest delays Ladismith Cheese sale to June 2026

Sea Harvest delays Ladismith Cheese sale to June 2026 as regulatory approvals from South Africa’s Competition Authority remain pending.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Dewji, Tanzania’s richest man and CEO of MeTL Group.
BusinessHot News

Tanzania’s richest man Mohammed Dewji loses $100 million after two-year surge

The recent decline reflects a reassessment of company valuations and changing global economic conditions that have affected privately held businesses…

Omokolade Ajayi Omokolade Ajayi
Van der Walt RMB Holdings stake
BusinessHot News

South African Van der Walt brothers boost RMB Holdings stake to $34 million

South African billionaires Faan and Dirk van der Walt boost RMB Holdings stake to $34 million, strengthening strategic influence.

Feyisayo Ajayi Feyisayo Ajayi
BillionairesBusinessHot News

Five new Black billionaires join global ranks in 2026

As representation grows, the expanding ranks of Black billionaires signal a broader shift in global wealth creation, one shaped by…

Omokolade Ajayi Omokolade Ajayi
African billionaires wealth
BillionairesBusinessHot News

How wealthy Africans structure wealth to survive divorce, death, and disputes

Africa’s ultra-wealthy structure wealth to survive divorce, death, and disputes, ensuring continuity across generations and crises.

Feyisayo Ajayi Feyisayo Ajayi
Tokunboh Ishmael Alitheia Capital impact investing
BusinessHot News

Nigerian investor Tokunboh Ishmael builds Africa-focused impact capital platform through Alitheia Capital

Tokunboh Ishmael builds Alitheia Capital into a leading platform channeling impact investment into Africa’s underserved, high-growth sectors.

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia production testing
BusinessHot News

ReconAfrica begins Namibia oil testing, advances Gabon exploration drive

ReconAfrica begins production testing in Namibia while advancing Gabon exploration, signaling momentum in its African upstream growth strategy.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia $13 billion investment deals
BusinessHot News

Ethiopia gets $13 billion in investments, led by Ming Yang Smart Energy’s $10 billion commitment

Ethiopia secures $13 billion in investment deals to boost manufacturing, energy and infrastructure growth after Addis Ababa summit.

Feyisayo Ajayi Feyisayo Ajayi
Ibrahim Sagna African investment strategy
BusinessEntertainmentHot NewsSports

Meet Ibrahim Sagna: The dealmaker building Africa’s next generation of global champions

Ibrahim Sagna is reshaping African investing, backing tech, media and sports ventures to build globally competitive, Africa-born champions.

Feyisayo Ajayi Feyisayo Ajayi
Emeka Offor Guinea Insurance stake
BusinessHot News

Meet Nigerian billionaire businessman Emeka Offor, holding Guinea Insurance stake worth over $5 million

Nigerian billionaire Emeka Offor, founder of Chrome Group, controls more than 65% stake in Guinea Insurance Plc valued at over…

Feyisayo Ajayi Feyisayo Ajayi
Tyme Group
BusinessHot NewsTechnology

Inside $1.5 billion fintech backed by Africa’s first Black billionaire, shaping the future of global finance

Operating in South Africa, the Philippines, and soon Vietnam, Tyme Group has redefined the banking landscape for emerging markets.

Namibia private game reserves
Hot NewsTourism

10 most attractive places in Namibia

Namibia’s deserts, wildlife and coastlines are reshaping African luxury travel through privacy, conservation, heritage and high-end experiences.

South Africa President, Cyril Ramaphosa and some delegates at SAIC 2026
BusinessHot News

South Africa lands $52 billion in pledges to power new investment drive

South Africa draws $52 billion in pledges, fueling jobs and infrastructure growth.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

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

Dangote Refinery secures $4 billion loan, with Afreximbank underwriting $2.5 billion to boost exports and expansion plans.

Omokolade Ajayi Omokolade Ajayi
Dalia Elgabry, Vice President and Country Chair, said Egypt’s energy sector grows fast.
BusinessTechnology

Egypt emerges as key energy market as Shell eyes EGYPES 2026

Egypt is steadily becoming a central player in regional energy markets, drawing global attention as the country expands its energy infrastructure and capacity. With rising domestic demand and a strategic location connecting North Africa, the Mediterranean, and the Middle East, the country is increasingly critical for liquefied natural gas (LNG), oil, and renewable energy projects.  Energy companies are taking notice.…

Oluwatosin Alao Oluwatosin Alao
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