LAPO IFC $10 million MSME lending
BusinessHot News

Nigeria’s LAPO gets $10 million IFC loan to expand MSME lending

IFC plans $10 million loan to LAPO MFB to expand MSME lending, boost digital finance, and deepen financial inclusion across…

Feyisayo Ajayi Feyisayo Ajayi
TGCC profit 2025
Business

Moroccan Mohammed Bouzoubaa’s construction group posts $95 million profit in 2025

TGCC posts $95.2 million profit in 2025, up 82.4%, driven by strong execution, rising backlog and disciplined balance sheet management.

Feyisayo Ajayi Feyisayo Ajayi
Irele Tower opens in Lagos.
BusinessHot News

Irele Tower opens in Lagos, expands Nigeria’s green office space

With Irele Tower, the Lagos Free Trade Zone broadens its footprint and reinforces the adoption of sustainable building standards in…

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

South African billionaire Natie Kirsh enters top 200 richest after $29 billion sale

The transaction positions Kirsh as the 191st richest person globally. He ranks just below South African luxury magnate Johann Rupert,…

Omokolade Ajayi Omokolade Ajayi
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
Ericsson
BusinessTechnology

Ericsson expands in Africa with new Zambia office for telecom growth

Ericsson strengthens its African presence with its Lusaka office, enhancing digital access.

Digital banking Egypt 2026
BusinessHot News

CIB plans $300 million digital bank to serve Egypt’s retail, MSMEs by 2027

CIB invests $300 million to launch a digital bank, targeting Egypt’s retail and MSME sectors by 2026–2027.

LAPO IFC $10 million MSME lending
BusinessHot News

Nigeria’s LAPO gets $10 million IFC loan to expand MSME lending

IFC plans $10 million loan to LAPO MFB to expand MSME lending, boost digital finance, and deepen financial inclusion across Nigeria.

Feyisayo Ajayi Feyisayo Ajayi
Mozambique clears $701 million IMF debt as African nations cut borrowing
BusinessGlobal News

Mozambique clears IMF debt as African nations cut foreign borrowing

Mozambique has fully repaid its $701 million debt to the International Monetary Fund, a rare move among African economies working to ease pressure from external borrowing and tighten public finances.  The payment, disclosed in a research note by Standard Bank, clears Mozambique’s balance with the Washington-based lender and brings an end to its outstanding obligations. It also led to the…

Oluwatosin Alao Oluwatosin Alao
TGCC profit 2025
Business

Moroccan Mohammed Bouzoubaa’s construction group posts $95 million profit in 2025

TGCC posts $95.2 million profit in 2025, up 82.4%, driven by strong execution, rising backlog and disciplined balance sheet management.

Feyisayo Ajayi Feyisayo Ajayi
Irele Tower opens in Lagos.
BusinessHot News

Irele Tower opens in Lagos, expands Nigeria’s green office space

Irele Tower opens in Lagos, offering 12,000 sqm of eco-friendly office and retail space, boosting the city’s modern business hubs.

Omokolade Ajayi Omokolade Ajayi
Twizza Beverage Company
BusinessHot News

Indian billionaire Ravi Jaipuria’s Varun Beverages buys South Africa’s Twizza for $125 million   

India-based Varun Beverages has completed its $125 million acquisition of South African soft drink maker Twizza.

Timilehin Adejumobi Timilehin Adejumobi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BillionairesBusinessHot News

South African billionaire Natie Kirsh enters top 200 richest after $29 billion sale

South African billionaire Natie Kirsh joins top 200 richest after $29 billion Jetro sale to Sysco, boosting his net worth to $15 billion.

Omokolade Ajayi Omokolade Ajayi
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