Minkama's Chococam acquisition
BusinessHot News

Cameroonian investor Fabricio Ndjodo’s Minkama Capital nears $76 million Chococam takeover

Minkama Capital nears takeover of Chococam, pending regulatory approvals, marking a shift toward local ownership of Cameroon’s cocoa processor.

Feyisayo Ajayi Feyisayo Ajayi
Capitec dividend 2026
BillionairesBusinessHot News

South African billionaire Michiel Le Roux set for $64 million Capitec dividend

Michiel Le Roux set for $64 million payout as Capitec boosts dividend on stronger earnings and rising digital banking growth.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Bank
BusinessHot News

South Africa’s Capitec profit tops $1 billion as customers reach record 26 million

The bank attributed the increase to higher lending activity, stronger fee income, and continued uptake of digital services.

Omokolade Ajayi Omokolade Ajayi
Remgro FirstRand exit
BillionairesBusinessHot News

South African billionaire Johann Rupert’s Remgro exits FirstRand with $515 million sale

Remgro exits FirstRand after R8.47 billion ($515 million) share sales, unlocking capital for new investments as the group reshapes its…

Feyisayo Ajayi Feyisayo Ajayi
Jamil Abubakar, Dangote Group infrastructure and logistics chief, appointed as Aliko Dangote expands trade and logistics operations across Africa.
BusinessHot News

Aliko Dangote’s son-in-law, Jamil Abubakar, takes leadership role at Dangote Group

Abubakar will report to Dangote and oversee the group’s ports and trade-enabling infrastructure projects.

Omokolade Ajayi Omokolade Ajayi
Outgoing Chief Executive Officer John Lamola
BusinessHot News

SAA under scrutiny after CEO John Lamola’s exit as AG flags weak controls, revenue leaks

The findings come at a sensitive time for the national carrier. Lamola is set to step down at the end…

Omokolade Ajayi Omokolade Ajayi
OCI Global Methanex exit strategy
BusinessHot News

Nassef Sawiris-backed OCI exits Methanex stake, nets $370 million from share sales

OCI Global exits Methanex stake after $370 million sell-down, completing phased divestment and sharpening focus on core nitrogen assets.

Feyisayo Ajayi Feyisayo Ajayi
Papa Madiaw Ndiaye NEM Insurance stake
BusinessExclusive

Meet Senegalese financier Papa Madiaw Ndiaye, holding $18 million stake in Nigeria’s NEM Insurance

Senegalese financier Papa Madiaw Ndiaye holds an $18 million stake in Nigeria’s NEM Insurance, signaling growing Africa insurance investment.

Feyisayo Ajayi Feyisayo Ajayi
IFC New Hope loan
BillionairesBusinessHot News

IFC eyes $150 million loan to New Hope unit to expand animal feed production across emerging markets

IFC considers $150 million loan to New Hope unit to expand animal feed production across emerging markets and strengthen food…

Feyisayo Ajayi Feyisayo Ajayi
Nairobi, Kenya's capital city.
BusinessHot News

Kenya targets $150 billion biodiversity financing in UN-backed plan

The effort is anchored on a United Nations-backed initiative known as the Biodiversity Finance Initiative (BIOFIN).

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake climbs to $934 million, nears $1 billion

His holding has climbed to N1.26 trillion ($934 million), strengthening his wealth and underscoring the expanding role of local capital…

Omokolade Ajayi Omokolade Ajayi
Morocco SME financing IFC Tamwilcom
BusinessHot News

IFC partners Tamwilcom on $300 million facility to unlock SME financing in Morocco

IFC and Tamwilcom launch $300 million risk-sharing facility to boost SME financing, targeting women-led firms, agriculture and supply chains in…

Feyisayo Ajayi Feyisayo Ajayi
Mike Teke, chairman of Seriti Resources Holdings and Masimong Group, leading South Africa’s energy and investment sector.
BillionairesBusinessExclusive

Meet Mike Teke: Ex-teacher leading South African multibillion-rand energy group

His role at Seriti, combined with his leadership of the billion-dollar Masimong Group, places him among the key figures shaping…

Omokolade Ajayi Omokolade Ajayi
Crookes Brothers earnings
BusinessHot News

Crookes Brothers appoints Thomas Attree as audit chair following Farzanah Mall’s passing

Crookes Brothers appoints Thomas Attree as audit chair, strengthening governance after board losses and leadership gaps in March 2026. continuity

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
BusinessHot News

South African tycoon Adrian Gore pockets $3 million in H1 2026 dividends from Discovery

Adrian Gore, Discovery co-founder, will receive R50.61M ($3.1M) interim dividends after insurer posts stronger earnings and higher payout growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egyptian billionaire Samih Sawiris deepens Morocco bet with $235 million tourism project

Egyptian-Emirati investors commit $235 million to Morocco tourism project, signaling rising cross-border capital into high-growth markets.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya vehicle import financing
BusinessHot News

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigeria’s Terra Industries to open Africa’s largest drone factory in Ghana

The Abuja-based company announced that construction of Pax-2, its second manufacturing facility, is nearing completion.

Omokolade Ajayi Omokolade Ajayi
Sidian Bank
BusinessHot News

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

The move comes at a time when banks across East Africa are tightening capital buffers to manage higher interest rates…

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across…

Omokolade Ajayi Omokolade Ajayi
Africa’s biggest airport Ethiopia
BusinessHot News

Ethiopia launches Africa’s biggest airport under Vision 2035 with $12.5 billion

Ethiopia begins a $12.5 billion airport project to ease Addis congestion, expand Ethiopian Airlines, and anchor Africa’s largest aviation hub.

Luxury hotels in Seychelles
Hot NewsLuxury

10 luxury hotels in Seychelles

Discover Seychelles’ most luxurious resorts where sustainability meets serenity, offering barefoot opulence amid turquoise waters and tropical beauty.

Zimbabwe backs JR Goddard Victoria Falls tourism, commercial project
BusinessLuxury

JR Goddard plans commercial hub near Victoria Falls tourism hotspot

Zimbabwe is stepping up efforts to position Victoria Falls as a higher-value tourism and investment destination, as authorities seek to attract private capital into infrastructure and real estate projects linked to one of Southern Africa’s most visited landmarks. The plan reflects a broader push to connect tourism growth with commercial development in designated economic zones.  The government has approved a…

Oluwatosin Alao Oluwatosin Alao
Fidelity-Bank-CEO-NNEKA-ONYEALI-IKPE
BusinessExclusive

Meet Nneka Onyeali-Ikpe: Nigerian banker leading $800-million lender, Fidelity Bank

Nneka Onyeali-Ikpe leads Fidelity Bank as CEO, driving $800 million lender growth, UK expansion, SME finance, and digital banking transformation.

Timilehin Adejumobi Timilehin Adejumobi
Minkama's Chococam acquisition
BusinessHot News

Cameroonian investor Fabricio Ndjodo’s Minkama Capital nears $76 million Chococam takeover

Minkama Capital nears takeover of Chococam, pending regulatory approvals, marking a shift toward local ownership of Cameroon’s cocoa processor.

Feyisayo Ajayi Feyisayo Ajayi
Afreximbank
BusinessHot News

Malawi sells gold, seeks $120 million Afreximbank loan to ease fuel crisis

Malawi turns to $120 million Afreximbank loan and gold sales as forex shortages trigger fuel import delays and economic pressure intensifies further

Timilehin Adejumobi Timilehin Adejumobi
Meta tracks staff activity to train AI, raising privacy concerns
BusinessTechnology

Meta taps employee activity data to boost AI development efforts

Meta Platforms is stepping up its investment in artificial intelligence, turning to employee activity data to improve how its systems learn and perform everyday tasks. The move highlights a growing shift across Silicon Valley, where companies are building AI tools that can handle routine office work with limited supervision.  The company is introducing software that records how staff use their…

Oluwatosin Alao Oluwatosin Alao
Proparcoo
BusinessHot News

Proparco invests $17 million in African firms to boost growth

Proparco invests $17 million in Alterra fund to expand African businesses, supporting jobs, growth, and key sectors.

Timilehin Adejumobi Timilehin Adejumobi
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