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
Prosus Delivery Hero stake sale
BusinessHot News

South Africa’s Prosus sells $319 million Delivery Hero stake to Uber

Prosus sells $318 million Delivery Hero stake to Uber, meeting EU conditions while unlocking value from its global food delivery…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South African billionaire Tshepo Mahloele offloads Capitec shares worth over $840 million

South African billionaire Tshepo Mahloele has reduced his indirect Capitec stake, offloading shares worth about $840m, JSE filing shows disclosed

Feyisayo Ajayi Feyisayo Ajayi
Sameer Africa profit 2025
BusinessHot News

Merali family’s Sameer Africa posts $2.1 million profit in 2025

Merali family-owned Sameer Africa posted $2.1 million profit in 2025, driven by revenue growth, efficiency gains and stronger operations outlook.

Feyisayo Ajayi Feyisayo Ajayi
Cameroon cocoa downturn
BusinessHot News

Cameroon’s richest woman Kate Fotso’s Telcar Cocoa faces weakest cocoa prices in 3 years

Cameroon’s cocoa slump hits Telcar Cocoa as prices fall below expectations, marking weakest season in three years.

Feyisayo Ajayi Feyisayo Ajayi
PSG Financial Services dividend
BusinessHot News

South African billionaire Mouton family’s PSG Financial Services declares $50 million dividend payout

PSG Financial Services declares $49.48 million dividend as earnings, assets under management and profitability rise in 2026.

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

UK, IFC sign $3.1 million deal to expand agribusiness financing in DR Congo

UK and IFC have signed a $3.1 million deal to expand agribusiness financing in DR Congo, boosting credit access for…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Uchumi Supermarkets, under restructuring, says it is Ksh7.05 billion ($55 million) insolvent as of June 2025, signaling financial strain ahead…

Feyisayo Ajayi Feyisayo Ajayi
Tharisa Karo Platinum Zimbabwe
BusinessHot News

South Africa’s Tharisa advances $391 million to complete phase 1 of Karo project in Zimbabwe

Tharisa nears full financing for its $391 million Karo Platinum project in Zimbabwe, targeting first production by H2 2027.

Feyisayo Ajayi Feyisayo Ajayi
OCP workers operating at a phosphate production facility in Morocco.
BusinessHot News

Morocco’s OCP raises $1.5 billion in first international hybrid bond

The transaction was split into two tranches, offering investors different maturities and yields.

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

Aliko Dangote’s $50 billion refinery IPO set to create Africa’s most valuable company

A listing at the upper end of the $50 billion valuation range would lift the Nigerian Exchange’s total market cap…

Omokolade Ajayi Omokolade Ajayi
Ecobank 2025 financial results
BusinessHot News

Ecobank posts $594 million profit amid surging returns in 2025

Ecobank posts $594 million profit in 2025 as revenue rises 17%, driven by diversification, digital growth and strong execution.

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

Elumelu’s Heirs Energies Holds $800m Seplat Stake as Stock Hits Historic N10,000

Seplat closed trading on April 14 at N10,450 per share, becoming the first company in the Nigerian Exchange's 65-year history…

Editorial Team Editorial Team
Emira Octodec stake increase
BusinessHot News

South Africa’s Emira Property Fund raises Octodec stake with $40.2 million cash offer

Emira Property Fund lifts Octodec stake, launches cash offer to reach 34.9%, signaling deeper push into South Africa’s listed property…

Feyisayo Ajayi Feyisayo Ajayi
Top 7 Tanzania's Premium Hotels in 2024
Hot NewsLuxuryTourism

Top 7 Tanzania’s Premium Hotels in 2024

Tanzania’s top hotels redefine luxury with exceptional service, breathtaking views, and exclusive experiences for high-end tourists in 2024.

Nigeria international striker Asisat Oshoala
Hot NewsSports

Nigerian striker Asisat Oshoala signs two-year deal with Saudi giants Al Hilal

The agreement was sealed on Monday following her medical tests in Riyadh, according to people familiar with the deal.

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

Aliko Dangote set to receive $490 million dividend from Dangote Cement as profits top N1 trillion and expansion accelerates.

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
Angola seeks AfDB loan as oil supports growth amid debt pressure
BusinessTechnology

Angola seeks AfDB support as oil cushions impact of global shocks

Angola is seeking fresh support from the African Development Bank as it works to steady its finances in a volatile global environment, even as stronger oil prices offer some relief.  The government is in talks for a $165 million budget support loan, part of a wider plan to raise about $1 billion from external sources this year. Officials say the…

Oluwatosin Alao Oluwatosin Alao
easyJet Marrakech launch
BusinessTourism

easyJet opens first African base in Marrakech, launches six new routes     

easyJet opens its first African base in Marrakech, adds six new routes and expands Morocco network as tourism demand from Europe continues to grow.

Timilehin Adejumobi Timilehin Adejumobi
Mpumi Madisa, Chief Executive Officer of Bidvest Group.
BusinessExclusiveHot News

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

Gauteng-born Mpumi Madisa leads Bidvest Group, a $4.9 billion South African conglomerate, overseeing growth, expansion and steady financial performance.

Omokolade Ajayi Omokolade Ajayi
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