Saki Macozoma mining empire
BusinessHot News

Saki Macozoma’s rise: Prisoner to mining mogul in South Africa

Saki Macozoma rose from Robben Island prisoner to mining mogul, shaping South Africa’s post-apartheid business and investment landscape.

Feyisayo Ajayi Feyisayo Ajayi
CIC Group debt repayment
BusinessHot News

Kenya’s CIC Group clears $10.3 million Co-operative Bank debt to boost East Africa growth

CIC Group repays $10.3 million Co-operative Bank loan, cutting debt, boosting solvency and positioning for growth across East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Tanzania deep-sea fishing vessel
BusinessHot News

Tanzania launches $7.68 million deep-sea vessel to revive state fishing firm, curb illegal catch losses

Tanzania launches $7.68 million deep-sea vessel to revive TAFICO, curb illegal fishing losses and boost blue economy drive in Dar…

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju NGX portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju closes in on $150 million NGX portfolio value

Folasope Aiyesimoju, Nigeria’s youngest dealmaker, nears $150 million NGX portfolio value as UACN and CAP rally adds nearly $50 million…

Feyisayo Ajayi Feyisayo Ajayi
UBA House Marina in Lagos, the headquarters of United Bank for Africa.
BusinessHot News

UBA posts $2.4 billion gross earnings; Tony Elumelu raises stake

For Tony Elumelu, 2025 was not only about operating performance but also about ownership.

Omokolade Ajayi Omokolade Ajayi
Emira Octodec stake
BusinessHot News

Emira boosts Octodec stake with $2.9 million share purchase, trims voluntary offer

Emira adds $2.9 million to Octodec stake, trims offer size as it nears 35% ownership threshold in South Africa’s property…

Feyisayo Ajayi Feyisayo Ajayi
Hulamin extrusions business sale
BusinessHot News

South Africa’s Hulamin sells extrusions unit following net loss of $2.2 million

Hulamin to sell loss-making extrusions unit for over half a million dollars, sharpening focus on core rolled products and improving…

Feyisayo Ajayi Feyisayo Ajayi
FAPCL mall sale Kenya
BusinessHot NewsLuxury

Dias Family’s FAPCL puts high-yield Kenyan mall generating nearly $1 million up for sale

FAPCL Group lists a high-occupancy Kenyan mall for sale, signaling strong investor appetite for income-generating retail assets.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

IFC’s nearly $1 million play set to rewrite who gets credit in emerging markets of Cameroon

IFC advances $950,000 advisory in Cameroon to help SMEs become investment-ready and improve access to credit in constrained markets.

Feyisayo Ajayi Feyisayo Ajayi
IFC livestock value chain financing
BusinessHot News

Alema Koudijs Feed gets $10 million IFC loan to expand feed production in Ethiopia

IFC proposes $10M loan to Alema Koudijs Feed to expand Ethiopia feed mill, boosting livestock value chain and cutting imports…

Feyisayo Ajayi Feyisayo Ajayi
Ivan Glasenberg Glencore dividend
BusinessGlobal NewsHot News

South African billionaire Ivan Glasenberg to pocket $207 million from Glencore dividend payout

Glencore’s $2.24 billion dividend hands Ivan Glasenberg a $207.3 million payout, underscoring strong returns despite mixed earnings.

Feyisayo Ajayi Feyisayo Ajayi
Vertice MedTech investment Africa
Hot NewsTechnology

Private capital backs Vertice MedTech to power 7,000 surgeries monthly across Southern Africa

Private capital backs Vertice MedTech to scale healthcare access, enabling 7,000 surgeries monthly across Southern and Sub-Saharan Africa.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egypt’s Sami Saad family-owned AlDau Hospitality secures $100 million loan for Cairo hotel expansion

IFC weighs $100 million loan for AlDau Hospitality to expand Cairo hotel near Pyramids, boosting Egypt’s tourism and jobs.

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg water infrastructure loan
BusinessHot News

IFC plans $47 million loan to upgrade Johannesburg’s water infrastructure

IFC plans a $47 million loan to Johannesburg to upgrade water systems, tackling losses, aging infrastructure, and supply constraints.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
BillionairesBusinessHot News

Egyptian billionaire Nassef Sawiris closes London family office after UK exit

His private investment firm, NNS Group, has filed a final notice to complete the closure of its London entity by…

Omokolade Ajayi Omokolade Ajayi
ISA Dataproof stake sale
Hot NewsTechnology

South Africa’s ISA Holdings exits Dataproof stake in $3.7 million deal

ISA Holdings sells 50% Dataproof stake for R62M ($3.7M), unlocking value via buyback as firm sharpens cybersecurity focus and empowerment…

Feyisayo Ajayi Feyisayo Ajayi
Groupe Talys IFC loan
BusinessHot News

Madagascar’s Groupe Talys secures $10.5 million IFC loan to boost housing, retail expansion

IFC extends $10.5 million loan to Madagascar’s Groupe Talys to expand housing, retail and create jobs nationwide. driving jobs growth…

Feyisayo Ajayi Feyisayo Ajayi
President Bola Tinubu approves 30% debt relief for Nigerian airlines and orders urgent talks to address rising jet fuel prices and ease pressure on domestic carriers.
BusinessHot News

Nigeria’s President Tinubu moves to ease airline crisis with 30% debt cut, fuel price talks

The decision, announced by Aviation Minister Festus Keyamo, comes as airlines across the country face rising expenses that operators say…

Omokolade Ajayi Omokolade Ajayi
Transcorp Hotels Q1 2026 results
Hot NewsLuxury

Transcorp Hotels Q1 2026 revenue nears $20 million as profit, margins rise

Transcorp Hotels posts $16.6 million revenue in Q1 2026 as revenue rises, margins expand on strong cost discipline.

Feyisayo Ajayi Feyisayo Ajayi
Africa sports investments 2025
Hot NewsSports

15 biggest sports investments shaping Africa in 2025

Africa’s sports industry draws record capital in 2025 as governments, billionaires and financiers back stadiums, media rights and commercial leagues.

Adrian Gore net worth
BusinessHot News

Discovery co-founder Adrian Gore gains nearly $40 million from stock rally

Discovery co-founder Adrian Gore gains nearly $40 million as shares rally, pushing his net worth toward $700 million.

Saki Macozoma mining empire
BusinessHot News

Saki Macozoma’s rise: Prisoner to mining mogul in South Africa

Saki Macozoma rose from Robben Island prisoner to mining mogul, shaping South Africa’s post-apartheid business and investment landscape.

Feyisayo Ajayi Feyisayo Ajayi
CIC Group debt repayment
BusinessHot News

Kenya’s CIC Group clears $10.3 million Co-operative Bank debt to boost East Africa growth

CIC Group repays $10.3 million Co-operative Bank loan, cutting debt, boosting solvency and positioning for growth across East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Tanzania deep-sea fishing vessel
BusinessHot News

Tanzania launches $7.68 million deep-sea vessel to revive state fishing firm, curb illegal catch losses

Tanzania launches $7.68 million deep-sea vessel to revive TAFICO, curb illegal fishing losses and boost blue economy drive in Dar es Salaam

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju NGX portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju closes in on $150 million NGX portfolio value

Folasope Aiyesimoju, Nigeria’s youngest dealmaker, nears $150 million NGX portfolio value as UACN and CAP rally adds nearly $50 million gains.

Feyisayo Ajayi Feyisayo Ajayi
Nissan Egypt
BusinessHot News

Nissan picks Egypt over South Africa in $45 million Africa expansion shift

Nissan redirects $45 million to Egypt, raising output and exports as South Africa loses key manufacturing capacity.

Timilehin Adejumobi Timilehin Adejumobi
UBA House Marina in Lagos, the headquarters of United Bank for Africa.
BusinessHot News

UBA posts $2.4 billion gross earnings; Tony Elumelu raises stake

UBA reports $2.4 billion gross earnings in 2025 as Tony Elumelu increases his stake to 14.27 percent amid strong growth.

Omokolade Ajayi Omokolade Ajayi
Show More