Peter Ndegwa, CEO of Safaricom.
BusinessHot NewsTechnology

Kenyan court orders Safaricom to pay software developer $10.8 million in M-Pesa copyright case

The court also went further, directing Safaricom and Beluga Limited to pay Muoki 0.5 percent of gross annual M-Pesa revenue…

Omokolade Ajayi Omokolade Ajayi
AngloGold Ashanti buyback
BusinessHot News

AngloGold Ashanti opens 2026 with $1.5 billion profit, unveils $2 billion buyback

AngloGold Ashanti Plc. posts $1.2 billion record cash flow, unveils $2 billion buyback as gold prices surge

Feyisayo Ajayi Feyisayo Ajayi
Nedbank NCBA takeover offer
BusinessHot News

NCBA shareholders to get $16.3 cash plus Nedbank shares under $856 million takeover offer

Nedbank advances NCBA takeover, offering shareholders cash payouts and Johannesburg-listed shares under proposed acquisition.

Feyisayo Ajayi Feyisayo Ajayi
African billionaires: Nassef, Patrice and Johann
BusinessSports

Africa’s richest club owners influence global football industry

African billionaires including Patrice Motsepe and Nassef Sawiris are reshaping global football through club ownership, and investments.

Timilehin Adejumobi Timilehin Adejumobi
Sibanye-Stillwater bond offering
BusinessHot News

South Africa’s Sibanye-Stillwater targets lower debt with $500 million bond offering

Sibanye-Stillwater launched a $500 million bond offering to cut debt and strengthen balance sheet flexibility.

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire to pocket $2 million interim dividend from MTN

The dividend announcement comes at a time when MTN Uganda is navigating a more demanding operating environment.

Omokolade Ajayi Omokolade Ajayi
African Rainbow Minerals executives
BusinessHot News

ARM top executives offload $3.1 million in shares following Patrice Motsepe’s retirement

ARM executives sell $3.1M in shares after Motsepe’s chairman transition, signaling governance shift and investor scrutiny.

Feyisayo Ajayi Feyisayo Ajayi
Taryn Woodbridge Mercedes-Benz South Africa CEO
BusinessHot News

South African executive Taryn Woodbridge named first female CEO of Mercedes-Benz South Africa

Mercedes-Benz South Africa names Taryn Woodbridge first female CEO, effective June 1, marking a historic leadership milestone at the automaker.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Michiel Le Roux.
BillionairesBusinessHot News

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in…

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BillionairesBusinessHot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

The deal highlights continued interest in Kenya’s banking sector, where foreign and regional lenders have remained active buyers of local…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Wiese-linked entities execute $57 million Shoprite share swap, expanding derivatives exposure tied to Africa’s largest retailer.

Feyisayo Ajayi Feyisayo Ajayi
Safaricom earnings results 2026
BusinessHot NewsTechnology

Safaricom posts $570.7 million profit as Ethiopia expansion drives growth in 2026

Safaricom reports $570.7 million profit as Ethiopia expansion and M-PESA growth lift revenue to $3.31 billion for FY26, data growth…

Feyisayo Ajayi Feyisayo Ajayi
IHS Towers Brazil fiber sale
BusinessHot NewsTechnology

Sam Darwish’s IHS Towers closes $452.6 million Brazil fiber asset sale

IHS Towers sells $452.6 million Brazil fiber stake to TIM, sharpening focus on higher-margin telecom infrastructure assets.

Feyisayo Ajayi Feyisayo Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

DTB completes $9.8 million Burundi sale, ends 16-year market presence

The sale was part of a structured transfer of its shares to a consortium of local investors in Burundi, led…

Omokolade Ajayi Omokolade Ajayi
ADvTECH $1.5 billion market cap
BusinessHot News

ADvTECH, Africa’s largest private education provider, tops $1.5 billion market cap

ADvTECH tops $1.5 billion market cap as student demand, acquisitions and strong earnings lift Africa’s largest private education group.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s second-richest man, Nicky Oppenheimer.
BillionairesBusinessHot News

South African billionaire Nicky Oppenheimer rebounds with $1.6 billion gain

According to the Bloomberg Billionaires Index, Oppenheimer’s fortune rose from $12.9 billion on Mar. 31 to $14.5 billion at the…

Omokolade Ajayi Omokolade Ajayi
MTN Uganda Head office
BusinessHot News

MTN Uganda Q1 profit falls to $46 million amid election internet shutdown

MTN Uganda Q1 profit slips 3.8% to $46 million as election disruptions, investments, and currency pressures weigh on earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Yasseen Mansour’s Palm Hills stake nears $100 million as Egypt property stocks rally

Yasseen Mansour’s Palm Hills stake nears $100 million as shares surge, driven by strong earnings and rising investor demand for…

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Aliko Dangote refinery drives petrol prices up 82 percent in Nigeria this year

Higher crude prices are feeding into fuel costs worldwide, and Nigeria is no exception. For now, the Dangote refinery remains…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

African ports miss out as Hormuz disruption reroutes shipping via Cape routes

Despite that increase in vessel movement, African ports have not seen a matching rise in cargo handling or container throughput.

Omokolade Ajayi Omokolade Ajayi
Gran Meliá Arusha in Tanzania
Hot NewsTourism

Tanzania’s Gran Meliá Arusha brings new warmth to five-star hospitality

Gran Meliá Arusha blends Spanish design with Tanzanian warmth, redefining luxury travel in the heart of East Africa.

Diani beach resort in Kenya
Hot NewsTourism

Eight of Kenya’s most beautiful beaches

Kenya’s Indian Ocean coast, where white-sand beaches, turquoise waters, and swaying palms offer an experience as unforgettable as any game drive.

Peter Ndegwa, CEO of Safaricom.
BusinessHot NewsTechnology

Kenyan court orders Safaricom to pay software developer $10.8 million in M-Pesa copyright case

Kenyan court orders Safaricom to pay software developer $10.8 million (Ksh1.4 billion) over M-Pesa child wallet copyright case.

Omokolade Ajayi Omokolade Ajayi
AngloGold Ashanti buyback
BusinessHot News

AngloGold Ashanti opens 2026 with $1.5 billion profit, unveils $2 billion buyback

AngloGold Ashanti Plc. posts $1.2 billion record cash flow, unveils $2 billion buyback as gold prices surge

Feyisayo Ajayi Feyisayo Ajayi
Nedbank NCBA takeover offer
BusinessHot News

NCBA shareholders to get $16.3 cash plus Nedbank shares under $856 million takeover offer

Nedbank advances NCBA takeover, offering shareholders cash payouts and Johannesburg-listed shares under proposed acquisition.

Feyisayo Ajayi Feyisayo Ajayi
African billionaires: Nassef, Patrice and Johann
BusinessSports

Africa’s richest club owners influence global football industry

Africa’s richest football club owners, from Motsepe to Sawiris, reshaping African football through major global investments and clubs.

Timilehin Adejumobi Timilehin Adejumobi
Sibanye-Stillwater bond offering
BusinessHot News

South Africa’s Sibanye-Stillwater targets lower debt with $500 million bond offering

Sibanye-Stillwater launched a $500 million bond offering to cut debt and strengthen balance sheet flexibility.

Feyisayo Ajayi Feyisayo Ajayi
African Bank
BusinessHot News

African Bank’s $343 million Eskom home loan deal collapses

African Bank’s $343 million Eskom mortgage portfolio acquisition collapsed after key deal conditions were unmet.

Timilehin Adejumobi Timilehin Adejumobi
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