Samuel Dossou-Aworet
BusinessExclusiveHot News

Gabon could gain first billionaire as Samuel Dossou-Aworet’s oil stakes jump to $907 million

Recent market movements have pushed the combined value of his stakes above $900 million, placing him within reach of a…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Zenith Bank posts $754 million profit in 2025

Zenith Bank posts $754 million profit in 2025 under Jim Ovia, showing resilience despite earnings pressure and rising costs.

Feyisayo Ajayi Feyisayo Ajayi
Phuthi Mahanyele-Dabengwa, first Black chief executive of Naspers, South Africa.
BusinessExclusiveHot News

Meet Soweto-born Phuthi Mahanyele-Dabengwa, first black chief executive of $40 billion South African giant, Naspers

Beyond her executive responsibilities, Mahanyele-Dabengwa holds several board and advisory roles.

Omokolade Ajayi Omokolade Ajayi
Alameda Healthcare Nairobi clinic
BusinessHot News

Alameda Healthcare expands into East Africa’s medical market with specialist clinic in Nairobi

Alameda Healthcare opens $250,000 Nairobi clinic, expanding Egypt’s healthcare investment footprint across Kenya and East Africa.

Feyisayo Ajayi Feyisayo Ajayi
OCI Global ammonia sale AGROFERT
BillionairesBusinessGlobal NewsHot News

OCI Global finalizes sale of ammonia unit to AGROFERT in $335 million deal

OCI Global sells ammonia unit to AGROFERT for $335 million, advancing portfolio reshaping while securing continued supply access.

Feyisayo Ajayi Feyisayo Ajayi
Rafiki Microfinance tax dispute Kenya
BusinessHot News

Kenya’s Rafiki Microfinance Bank founded by Daniel Mavindu loses $1.6 million tax case

Rafiki Microfinance loses tax appeal as tribunal upholds $1.6 million assessment on suspended interest, backing Kenya Revenue Authority.

Feyisayo Ajayi Feyisayo Ajayi
Nairobi Gigiri hotel investment
BusinessHot News

Nairobi’s Gigiri attracts $8.4 million hotel investment amid diplomatic demand

Private investor plans $8.4 million, 185-suite hotel in Nairobi’s Gigiri, targeting diplomatic, corporate, and expatriate demand growth.

Feyisayo Ajayi Feyisayo Ajayi
Growthpoint Properties CEO salary
BusinessHot News

Growthpoint CEO Norbert Sasse pockets $1.9 million salary in 2025

Growthpoint CEO Norbert Sasse earns $1.85 million in 2025, up 14.5%, ahead of his planned June 2026 retirement.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya fuel executives resign as state probes fuel scarcity, supply chain issues

The resignations follow accusations that fuel stock data was deliberately manipulated to justify an emergency import of petroleum at inflated…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria capitalizes on $100 per barrel oil as production hits 1.84 million bpd

Output rose about 40.5 percent to 1.84 million barrels per day, up from 1.31 million barrels per day in February.

Omokolade Ajayi Omokolade Ajayi
Giovanni Ravazzotti Italtile stake
BusinessHot News

Giovanni Ravazzotti loses $22 million as Italtile shares slide on JSE

Giovanni Ravazzotti’s Italtile stake drops $22 million in 2026 as weak demand and market pressures weigh on shares.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egypt raises electricity prices as energy costs surge

In a statement, the electricity ministry said households consuming up to 2,000 kilowatt-hours a month will see no change.

Omokolade Ajayi Omokolade Ajayi
Metair Investments Limited
BusinessHot News

South Africa’s Metair awards over $1.2 million shares to executives under 2009 share plan

Metair awards $1.2 million in performance shares to executives, aligning incentives with long-term growth and shareholder value creation.

Feyisayo Ajayi Feyisayo Ajayi
Botselo Shoprite maize partnership
BusinessHot News

Botselo Mills partners Shoprite to bolster South Africa’s maize supply chains

Botselo Mills partners Shoprite to scale maize supply nationwide, boosting food access, distribution efficiency and South Africa’s supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Adeyemi Adefarakan Wema stake is 200 million
BusinessHot News

Meet Nigerian financier Adeyemi Adefarakan linked to over $200 million stake

The holding has expanded significantly from 3.66 billion shares at the end of 2024, pointing to sustained accumulation.

Feyisayo Ajayi Feyisayo Ajayi
Africa richest billionaires 2026
BillionairesHot News

Africa’s top five billionaires worth more than $10 billion

Africa’s $10 billion titans, five richest men, surpassing $90 billion in combined wealth, shaping industries, driving growth and influencing global…

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank share awards
BusinessHot News

Standard Bank’s Sim Tshabalala, top brass, unlock over $9 million in share awards

Standard Bank executives unlock $9.4 million in share awards as performance-linked incentives vest under long-term compensation plans.

Feyisayo Ajayi Feyisayo Ajayi
Kenya’s largest fast-food chain, Java House, linked to Aliko Dangote, expands its presence with new outlets across East Africa.
BusinessHot News

Kenya’s largest fast-food chain linked to Aliko Dangote grows to 105 outlets

It reflects Java House’s strategy of opening outlets in neighborhoods shaped by new roads, railways, and housing developments.

Omokolade Ajayi Omokolade Ajayi
ER Group East Africa expansion
BusinessHot News

Mauritian group ER Group sets up Nairobi office, launches $21 million East Africa fund

ER Group opens Nairobi office, launches $21.3 million fund to accelerate East Africa expansion and boost international revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
BUA Cement tax 2025
BusinessHot News

Nigeria’s BUA Cement pays $79 million in taxes in 2025

BUA Cement pays $79 million in 2025 taxes as profit jumps 382%, driven by revenue growth, cost discipline, and reduced…

Feyisayo Ajayi Feyisayo Ajayi
Ethiopian Electric Power (EEP)
Hot NewsLuxuryTourism

Ethiopia restarts $445 million plan for Africa’s tallest tower

New Addis Ababa $445 million skyscraper to surpass Commercial Bank of Ethiopia HQ in height

Red Sea Marina and Hotel Development
LuxuryTourism

Egypt’s billion-dollar hospitality expansion plans

Egypt bets big on luxury hotels and global brands.

Eskom Holdings head office
BusinessHot News

Eskom redeems $2.2 billion bond after 19 years in markets    

Eskom redeems its $2.2 billion ES26 bond after 19 years, marking a milestone in financial stability and improved investor confidence in South Africa.

Timilehin Adejumobi Timilehin Adejumobi
Samuel Dossou-Aworet
BusinessExclusiveHot News

Gabon could gain first billionaire as Samuel Dossou-Aworet’s oil stakes jump to $907 million

Samuel Dossou-Aworet’s oil stakes surge to $907 million, putting Gabon on the verge of gaining its first dollar billionaire as energy stocks rally.

Omokolade Ajayi Omokolade Ajayi
ROBEX RESOURCES
BusinessHot News

Robex Resources boosts Guinea gold output at Kiniero after first pour

Robex lifts Guinea gold output after first Kiniero pour

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Nigeria’s Zenith Bank posts $754 million profit in 2025

Zenith Bank posts $754 million profit in 2025 under Jim Ovia, showing resilience despite earnings pressure and rising costs.

Feyisayo Ajayi Feyisayo Ajayi
Phuthi Mahanyele-Dabengwa, first Black chief executive of Naspers, South Africa.
BusinessExclusiveHot News

Meet Soweto-born Phuthi Mahanyele-Dabengwa, first black chief executive of $40 billion South African giant, Naspers

Phuthi Mahanyele-Dabengwa, from Soweto, rises to lead $40 billion Naspers, marking a milestone in African corporate leadership.

Omokolade Ajayi Omokolade Ajayi
Alameda Healthcare Nairobi clinic
BusinessHot News

Alameda Healthcare expands into East Africa’s medical market with specialist clinic in Nairobi

Alameda Healthcare opens $250,000 Nairobi clinic, expanding Egypt’s healthcare investment footprint across Kenya and East Africa.

Feyisayo Ajayi Feyisayo Ajayi
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