Co-op Bank holding company shift
BusinessHot News

Co-op Bank unveils holding company shift under Gideon Muriuki

Co-op Bank posts record $229.6 million profit, unveils holding company shift to drive regional expansion and efficiency.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Ghana orders Newmont, AngloGold, Zijin to hand mining work to locals by December 2026

The order, issued by Ghana’s Minerals Commission, follows a revised local ownership framework introduced in January 2025.

Omokolade Ajayi Omokolade Ajayi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BillionairesBusinessHot News

Natie Kirsh hits $17.7 billion, overtakes Johann Rupert as Africa’s No. 2

The latest figures show a clear shift at the top, with Kirsh moving ahead of Johann Rupert and widening the…

Omokolade Ajayi Omokolade Ajayi
Paul Deuchar, long-serving head of Investec Investment Management, who oversaw growth of nearly $24 billion in assets under management.
BusinessHot News

Paul Deuchar to step down after building Investec AUM to nearly $24 billion

Investec has appointed Ryan Friedman as head of Investec Investment Management, marking a leadership transition within the firm’s specialist investment…

Omokolade Ajayi Omokolade Ajayi
global inflation 2026
BusinessGlobal NewsHot News

Global inflation surge in 2026 halts rate cuts, raises risk of new hikes

Global commodity shock fuels new inflation risks, forcing central banks to pause rate cuts as households brace for rising costs.

Feyisayo Ajayi Feyisayo Ajayi
African family-owned businesses growth
BusinessHot News

20 family-owned giants powering Africa’s industrial growth

Family-owned businesses drive Africa’s growth, blending long-term vision, resilience and capital to shape industries and expand across markets.

Feyisayo Ajayi Feyisayo Ajayi
IFC TBC Leasing $40 million loan
Global NewsHot News

IFC targets Georgia leasing sector with $40 million MSME loan after 20 years

IFC eyes $40 million loan to TBC Leasing, targeting MSME growth and rural financing gaps in Georgia’s evolving leasing sector.

Feyisayo Ajayi Feyisayo Ajayi
Mauritius Commercial Bank $400 million bond
BusinessHot News

MCB raises $400 million bond as investor demand hits $800 million

Mauritius Commercial Bank raises $400 million bond, attracting $800 million orders to fund Africa expansion and sustainable finance growth.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola’s stake in First Hold Co nears $500 million

The rise reflects both a sharp rally in the group’s shares and a broader shift in investor sentiment toward one…

Omokolade Ajayi Omokolade Ajayi
Folasope Aiyesimoju's stake
BusinessHot News

Nigeria’s youngest dealmaker, Folasope Aiyesimoju, tops $90 million on UACN share rally

Folasope Aiyesimoju, Nigeria’s youngest dealmaker, tops $90M as UAC shares rally, boosting holdings amid strong NGX performance and dividends.

Feyisayo Ajayi Feyisayo Ajayi
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
Africa’s richest heirs
ExclusiveHot News

Africa’s 20 richest heirs leading billion-dollar empires

Africa’s richest heirs are reshaping billion-dollar empires, driving governance, expansion, and next-generation leadership across industries.

Alphamin DR Congo mining accident
BusinessHot News

Mauritius-based miner Alphamin suspends DR Congo operations after fatal accident

Alphamin halted Mpama South mining after a fatal blasting accident in DR Congo, spotlighting safety risks and regulatory scrutiny in Africa’s extractive sector.

Clicks Group earnings
BusinessHot News

Clicks Group reports $1.5 billion turnover under Bertina Engelbrecht

Clicks Group posts $1.5 billion turnover, driven by strong pharmacy and wholesale growth despite retail disruptions and supply constraints report.

Feyisayo Ajayi Feyisayo Ajayi
Co-op Bank holding company shift
BusinessHot News

Co-op Bank unveils holding company shift under Gideon Muriuki

Co-op Bank posts record $229.6 million profit, unveils holding company shift to drive regional expansion and efficiency.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Ghana orders Newmont, AngloGold, Zijin to hand mining work to locals by December 2026

Regulators in Ghana direct Newmont, AngloGold Ashanti and Zijin Mining to shift operations to local contractors by December 2026.

Omokolade Ajayi Omokolade Ajayi
Zambia’s Luanshya copper mine
BusinessHot News

Zambia’s Luanshya copper mine set to restart after 20 years shutdown

Luanshya mine revival signals Zambia’s push to triple copper output, backed by CNMC’s $710 million investment plan.

Timilehin Adejumobi Timilehin Adejumobi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BillionairesBusinessHot News

Natie Kirsh hits $17.7 billion, overtakes Johann Rupert as Africa’s No. 2

Natie Kirsh’s net worth hits $17.7 billion after a $29.1 billion Jetro deal, overtaking Johann Rupert to rank second in Africa behind Aliko Dangote.

Omokolade Ajayi Omokolade Ajayi
Paul Deuchar, long-serving head of Investec Investment Management, who oversaw growth of nearly $24 billion in assets under management.
BusinessHot News

Paul Deuchar to step down after building Investec AUM to nearly $24 billion

Investec veteran Paul Deuchar steps down after growing assets to nearly $24 billion, with Ryan Friedman named successor.

Omokolade Ajayi Omokolade Ajayi
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