Richest Arab families 2026
BillionairesBusinessGlobal NewsHot News

5 richest Arab families in 2026 ranked by net worth

Five richest Arab families in 2026 leverage energy, real estate, and telecoms to build multibillion-dollar empires and global influence.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot NewsTechnology

Nigeria’s Moniepoint expands into Kenya, targets SME banking growth

Moniepoint acquires 78% of Sumac Microfinance Bank, expanding SME banking and operations in Kenya under Tosin Eniolorunda.

Omokolade Ajayi Omokolade Ajayi
Stephen Butt Tiger Brands stake
BillionairesBusinessHot News

Funds managed by British billionaire Stephen Butt in Tiger Brands hits $390 million

Stephen Butt controls a $390 million stake in Tiger Brands, cementing Silchester’s quiet influence in South Africa’s consumer sector.

Feyisayo Ajayi Feyisayo Ajayi
John Kibunga Kimani, Kenyan businessman and Kakuzi shareholder, poised to receive Ksh105.1 million dividend.
BusinessHot News

Kenyan businessman John Kimani to receive Ksh105.1 million dividend from Kakuzi

The dividend reflects Kakuzi’s improved earnings and renewed focus on rewarding shareholders after a challenging year.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s FCMB limits exposure in fraud attempt

The outcome reflects both cyber-security controls and collaboration across regulated financial institutions.

Omokolade Ajayi Omokolade Ajayi
Anna Mokgokong, South African businesswoman and executive chairperson of CIH, leading across healthcare, ICT, and mining.
BusinessExclusiveHot News

Anna Mokgokong: South African businesswoman behind billion-dollar investment group, CIH

Mokgokong’s career reflects a consistent focus on service, business discipline, and long-term value creation.

Omokolade Ajayi Omokolade Ajayi
Namibia Breweries profit growth
BusinessHot News

Namibia Breweries posts $36.9 million profit, boosts dividend amid resilient demand

Namibia Breweries profit jumps 47% to NAD632 million ($36.9 million) as cost discipline and margin gains offset weak consumer demand.

Feyisayo Ajayi Feyisayo Ajayi
IFC African Frontier Capital solar financing
BusinessHot News

Mauritius-based African Frontier Capital gets IFC backing for $125 million off-grid solar financing platform

IFC weighs $30 million loan to African Frontier Capital platform to expand off-grid solar access and mobilize $125 million funding.

Feyisayo Ajayi Feyisayo Ajayi
IFC Banco Industrial $850 million financing
Global NewsHot News

IFC backs Banco Industrial with $850 million to boost Guatemala’s banking sector

IFC plans $850 million financing for Banco Industrial to strengthen Guatemala’s banking sector and deepen capital markets.

Feyisayo Ajayi Feyisayo Ajayi
AB InBev chairman retirement
BusinessGlobal NewsHot News

Chairman of the world’s largest brewer, Martin Barrington to retire after nearly a decade on board

AB InBev Chairman Martin Barrington will retire April 29, ending nearly a decade overseeing strategy, governance and global growth.

Feyisayo Ajayi Feyisayo Ajayi
Noluthando Gosa MTN South Africa board
BusinessHot News

MTN taps Noluthando Gosa for South Africa board role amid governance expansion

MTN appoints Noluthando Gosa to its South Africa board, strengthening governance and strategic oversight in its largest market.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank CIB revenue
BusinessHot News

Standard Bank Group plans $6 billion corporate banking revenue growth by 2028

Standard Bank CEO Sim Tshabalala eyes $6 billion CIB revenue by 2028, boosting Africa growth amid rising infrastructure and trade…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South African billionaire Christo Wiese to receive $11.3 million dividend from Shoprite

Christo Wiese owns a 10.67 percent stake in Shoprite, totaling 63,118,920 ordinary shares valued at more than $1 billion.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Algeria, Spain in advanced talks to expand natural gas delivery

The proposed increase echoes past reliance on Algerian gas. In 2022, Europe turned to Algeria after diplomatic tensions with Morocco…

Omokolade Ajayi Omokolade Ajayi
Folorunso Alakija, Nigeria’s richest woman and philanthropist.
BusinessHot News

Nigeria’s richest woman, Folorunso Alakija, unveils $1 million grant for women

The initiative will provide funding, training and mentorship to selected participants, with applications open until April 12.

Omokolade Ajayi Omokolade Ajayi
Accelerate Property Fund
BusinessHot News

Accelerate Property Fund advances $117 million restructuring, boosts Fourways Mall after Michael Georgiou’s exit

Accelerate Property Fund invests $116.5 million in Fourways Mall upgrades, cuts vacancies, and reshapes retail portfolio after founder exit.

Feyisayo Ajayi Feyisayo Ajayi
Sam Ngumeni, incoming CEO of Woolworths Holdings, awarded $3 million in shares
BusinessHot News

Woolworths awards $3 million shares to incoming CEO Sam Ngumeni

The move reflects both his loyalty to the company, where he has served for over three decades, and the expectations…

Omokolade Ajayi Omokolade Ajayi
IFC SONOCO poultry Guinea
BusinessHot News

Guinean businessman Abdoul Karim Diallo gets $20 million to build country’s first poultry platform

IFC backs SONOCO with $20 million to build Guinea’s first integrated poultry platform, boosting food security and cutting imports.

Feyisayo Ajayi Feyisayo Ajayi
Air Algerie fleet expansion with new aircraft.
BusinessHot News

Just as Uganda Airlines gets $113 million, Air Algerie orders 10 Boeing 737 MAX 8

Uganda Airlines secures $113 million funding as Air Algerie orders 10 Boeing 737 MAX 8, signaling African aviation expansion.

Omokolade Ajayi Omokolade Ajayi
Atedo Peterside Stanbic IBTC stake
BillionairesBusinessHot News

Nigerian tycoon Atedo Peterside’s Stanbic IBTC stake nears $25 million on 2026 share surge

Atedo Peterside’s Stanbic IBTC stake nears $25 million as shares surge, driven by strong earnings and renewed investor demand.

Feyisayo Ajayi Feyisayo Ajayi
Davido
EntertainmentExclusive

Afrobeats icon Davido hits 2 billion views on YouTube

Davido surpasses 2 billion YouTube views as 5ive climbs global charts and fans stream nonstop.

Top 10 biggest luxury and beauty companies in Africa 2024
Luxury

Top 10 biggest luxury and beauty companies in Africa 2024

Africa’s luxury and beauty leaders drive innovation, sustainability, and growth in a $10 billion market by 2024.

BIM nears 1,000 stores in Morocco after record expansion
BusinessTechnology

BIM’s Morocco network nears 1,000 stores as expansion accelerates

Turkey’s discount retail giant BİM is nearing a key milestone in Morocco, where its store network is approaching 1,000 locations, underscoring the country’s growing role in its international business.  The expansion reflects broader shifts in Morocco’s consumer market. Rising living costs and steady urban growth are pushing more shoppers toward low-price retailers, creating room for chains that focus on affordability…

Oluwatosin Alao Oluwatosin Alao
Richest Arab families 2026
BillionairesBusinessGlobal NewsHot News

5 richest Arab families in 2026 ranked by net worth

Five richest Arab families in 2026 leverage energy, real estate, and telecoms to build multibillion-dollar empires and global influence.

Feyisayo Ajayi Feyisayo Ajayi
SNCF, CFF renew partnership to grow TGV Lyria routes across Europe by 2032
BusinessTourism

SNCF, CFF extend rail partnership through 2032 to boost international transport

SNCF Voyageurs and Swiss Federal Railways (CFF) have extended their partnership through 2032, aiming to strengthen high-speed rail connections between France, Switzerland, and neighboring European countries. The agreement builds on 45 years of cooperation, primarily through the TGV Lyria service, which has become a vital link for both business and leisure travelers.  The renewed deal comes at a time when…

Oluwatosin Alao Oluwatosin Alao
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