Hassan Allam MetiPro acquisition
BusinessHot News

Why Egypt’s Hassan Allam is betting on Africa’s most valuable resource with acquisition of MetiPro

Hassan Allam Holding has acquired MetiPro, the engineering, procurement, and construction (EPC) arm of Metito Group, in a strategic move…

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

Kenya plans $500 million debut green bond as Iran war shakes economy

Officials said the bond will tap climate financing and ease pressure on public finances as global conditions become less predictable.

Omokolade Ajayi Omokolade Ajayi
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessHot News

Durban-born mining executive Nompumelelo Zikalala’s pay hits $2.1 million in 2025

The increase reflected higher bonuses, stronger long-term incentive payouts, and a rise in guaranteed pay.

Omokolade Ajayi Omokolade Ajayi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
BusinessHot News

Congo set to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy

The IMF estimates Congo’s gross domestic product will reach $123 billion in 2026, edging past Ethiopia’s $122 billion.

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

South African executive Phuthi Mahanyele-Dabengwa eyes $5 million moonshot award

Phuthi Mahanyele-Dabengwa’s award aligns her payout with value creation across the Naspers and Prosus portfolio.

Omokolade Ajayi Omokolade Ajayi
DP World Africa logistics expansion
BusinessHot News

Mohammed Akoojee: The executive driving DP World’s Africa logistics expansion

Mohammed Akoojee leads DP World’s Africa expansion, integrating ports, freight and supply chains into a unified logistics network.

Feyisayo Ajayi Feyisayo Ajayi
Fidson dividend 2025
BusinessHot News

Fidson, led by Fidelis Ayebae, to pay $2.7 million dividend after profit surge

Fidson declares $2.7 million dividend after profit surged 125% in 2025, driven by strong demand for ethical drugs.

Feyisayo Ajayi Feyisayo Ajayi
Namibia cancer care
BusinessHot News

Salt Capital, Proparco acquire Namibia’s NOC to expand cancer care access

Salt Capital, Proparco acquire Namibia’s oncology leader NOC, boosting private investment and expanding access to specialized cancer care.

Feyisayo Ajayi Feyisayo Ajayi
Alain Nkontchou dividend
BusinessHot News

Cameroonian banker Alain Nkontchou to pocket $9.6 million as Ecobank resumes dividends

Alain Nkontchou to earn $9.6 million as Ecobank resumes dividends, backed by strong 2025 profit and revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Sameer Africa land sale Kenya
BusinessHot News

Merali family’s Sameer Africa moves to close $7.1 million land sale to settle legacy gaps

Sameer Africa advances $7.1 million land sale to unlock value, strengthen balance sheet, and revive dividends.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank executive pay 2025
BusinessHot News

Standard Bank Group pays top 7 executives $30.5 million as earnings surge in 2025

Standard Bank paid top seven executives $30.5 million in 2025 as profits rose, balance sheet expanded, and performance-linked pay climbed.

Feyisayo Ajayi Feyisayo Ajayi
Ecobank 2025 financial results
BusinessHot News

Ecobank to pay $40 million dividend months after South Africa’s Nedbank exits $100 million stake

Ecobank Transnational proposes a $40 million dividend for 2025 after Nedbank exited its $100 million stake, signaling stronger earnings recovery.

Feyisayo Ajayi Feyisayo Ajayi
Atedo Peterside Stanbic IBTC dividend
BusinessHot News

Nigerian tycoon Atedo Peterside to receive N980 million Stanbic IBTC Bank dividend

Atedo Peterside to receive N980 million dividend from Stanbic IBTC as lender posts strong 2025 earnings, boosting investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Stanbic IBTC 2025 profit
BusinessHot News

Nigeria’s Stanbic IBTC posts $283 million profit in 2025

Stanbic IBTC posts $283 million profit in 2025, driven by higher interest rates, FX gains, and strong income growth.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, president of Dangote Group
BillionairesBusinessHot News

Africa’s richest man, Aliko Dangote, to pocket $490 million from Dangote Cement

The payout forms the bulk of the N759.3 billion ($564.3 million) total dividend declared by the company’s board, including a…

Omokolade Ajayi Omokolade Ajayi
Novus print asset sale
BusinessHot News

Novus Holdings cuts print business sale to $5.2 million after due diligence review

Novus trims print asset sale to $5.2 million after due diligence, extending deadline as it refines portfolio and capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
The Capital Boardwalk aparthotel by Capital Hotels in Gqeberha.
Hot NewsLuxury

Capital Hotels opens $17 million Boardwalk aparthotel in Gqeberha

The R270 million property includes 145 rooms and is located in the Boardwalk precinct in the city’s hospitality area within…

Omokolade Ajayi Omokolade Ajayi
Mpumi Madisa, Chief Executive Officer of Bidvest Group.
BusinessExclusiveHot News

Mpumi Madisa: Gauteng-born executive behind $4.9 billion South African giant, Bidvest Group

Under her leadership, Bidvest has maintained its position as a leading business-to-business services, trading, and distribution group.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenya scrambles for World Bank rescue as Iran war shakes economy

Kenya, which depends heavily on imported petroleum, has been among the economies most exposed to recent swings in global oil…

Omokolade Ajayi Omokolade Ajayi
Spear REIT Watergate
BusinessHot News

Spear REIT acquires Watergate Centre in Cape Town for $27 million

Spear REIT to acquire Cape Town’s Watergate Centre for $27 million, boosting Western Cape retail assets and stable rental income.

Feyisayo Ajayi Feyisayo Ajayi
Revelers raise beer steins during Oktoberfest celebrations.
EntertainmentTourism

Beer and music flow at Accra’s Labadi beach Oktoberfest

At a Glance Accra’s hospitality sector was on full display this past weekend as the Labadi Beach Hotel hosted its annual Oktoberfest celebration, drawing locals, expatriates, diplomats and visitors from around the world for two nights of Bavarian-inspired revelry. Against the backdrop of Ghana’s Atlantic shoreline, the festival blended Munich’s iconic beer tradition with West African hospitality, underscoring the capital’s…

Ethiopia ACS 2025
BusinessHot News

Ethiopia to host 2025 Africa climate summit on nature

Addis Ababa to lead a second continental gathering spotlighting the green economy, ecological restoration, and climate finance reform.

Hassan Allam MetiPro acquisition
BusinessHot News

Why Egypt’s Hassan Allam is betting on Africa’s most valuable resource with acquisition of MetiPro

Hassan Allam Holding has acquired MetiPro, the engineering, procurement, and construction (EPC) arm of Metito Group, in a strategic move to expand its footprint in water infrastructure across Africa and other emerging markets. The deal underscores a growing shift among infrastructure players toward water security, as population growth, urbanization, and climate pressures intensify demand for reliable and sustainable water systems…

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

Kenya plans $500 million debut green bond as Iran war shakes economy

Kenya plans a $500 million green bond with World Bank support as oil price shocks and global tensions pressure its economy and financing.

Omokolade Ajayi Omokolade Ajayi
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessHot News

Durban-born mining executive Nompumelelo Zikalala’s pay hits $2.1 million in 2025

Nompumelelo Zikalala earned $2.1 million in 2025 after Kumba Iron Ore reported $1.95 billion EBITDA and stronger performance.

Omokolade Ajayi Omokolade Ajayi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
BusinessHot News

Congo set to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy

Congo projected to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy, driven by mining, currency gains and IMF projections.

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

South African executive Phuthi Mahanyele-Dabengwa eyes $5 million moonshot award

Phuthi Mahanyele-Dabengwa could receive up to $5 million in Prosus and Naspers shares by 2029 under a long-term performance-linked incentive plan.

Omokolade Ajayi Omokolade Ajayi
DP World Africa logistics expansion
BusinessHot News

Mohammed Akoojee: The executive driving DP World’s Africa logistics expansion

Mohammed Akoojee leads DP World’s Africa expansion, integrating ports, freight and supply chains into a unified logistics network.

Feyisayo Ajayi Feyisayo Ajayi
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