BusinessHot News

Nigerian billionaires Elumelu, Rabiu meet Macron to strengthen Africa-France ties

The meeting comes as Nigeria’s economy shows signs of steady improvement.

Omokolade Ajayi Omokolade Ajayi
Global billionaires investing in Africa
BusinessExclusiveHot News

Top 15 global billionaires investing billions across Africa

Global billionaires including Elon Musk, Jeff Bezos, and Bill Gates are investing billions across Africa’s tech, infrastructure, and development sectors.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

KCB Group posts record $530 million profit as Kenyan unit leads earnings growth

The Nairobi-based lender said profit after tax rose to Ksh68.4 billion ($530 million) in 2025, up from Ksh61.8 billion ($478.2…

Omokolade Ajayi Omokolade Ajayi
Samuel Tafesse Marriott Addis Ababa
Hot NewsLuxury

Meet Samuel Tafesse, Ethiopian multi-millionaire behind Africa’s first Marriott hotel

Ethiopian developer Samuel Tafesse built sub-Saharan Africa’s first Marriott hotel, rising from street trader to construction magnate.

Feyisayo Ajayi Feyisayo Ajayi
Sam Ngumeni to succeed Woolworths CEO Bagattini
BusinessHot News

Woolworths names Sam Ngumeni CEO as Roy Bagattini prepares to retire in 2026

Woolworths names longtime executive Sam Ngumeni CEO as Roy Bagattini prepares to retire in 2026 after six years leading strategic…

Feyisayo Ajayi Feyisayo Ajayi
IFC labor standards Africa hotels
Hot NewsLuxury

IFC launches $1.76 million program to improve labor standards in Africa’s hotels

IFC launches a $1.76 million advisory program to help African hotels improve labor standards, strengthen HR systems and align with…

Feyisayo Ajayi Feyisayo Ajayi
IFC Guinea construction financing
BusinessHot News

IFC backs $20 million risk-sharing deal to finance Guinea’s construction firm GPC

IFC plans $20 million risk-sharing deal with Ecobank Guinea to expand financing for construction and mining contractor GPC in Guinea…

Feyisayo Ajayi Feyisayo Ajayi
Growthpoint Properties revenue update
BusinessHot News

Growthpoint Properties reports $403 million revenue as property assets near $10 billion

Growthpoint Properties posts $406 million half-year revenue, interim dividend rises 8.5% on strong SA portfolio performance and strategic acquisitions.

Feyisayo Ajayi Feyisayo Ajayi
Hosken Consolidated Investments Kalahari Mall sale
Hot NewsLuxury

Hosken Consolidated Investments to sell Kalahari Mall for $48.6 million

Hosken Consolidated Investments agrees $48.6 million sale of Kalahari Mall in Upington, aiming to reduce debt and unlock value for…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Tanzania’s first dollar billionaire, Rostam Aziz, acquires majority stake in Nation Media Group

The acquisition follows an agreement between The Aga Khan Fund for Economic Development S.A. (AKFED) and Aziz’s company, Taarifa Ltd.

Omokolade Ajayi Omokolade Ajayi
Hot NewsSports

Anthony Joshua moves to Dubai even as Iran tensions shake UAE safe-haven status

This comes as the UAE faces attacks from Iranian suicide drones, raising questions about the city’s promise of security.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Metair Investments Limited reports $1.1 billion revenue in 2025 as AutoZone drives growth

Metair Investments reports $1.1 billion revenue in 2025 as AutoZone expansion, restructuring, and stronger demand lift margins and operating performance.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Naspers shares rise after 20% slump, market cap hits $44 billion

The rebound has lifted Naspers’ market capitalization to R726 billion ($44.4 billion), according to market data reviewed at the time…

Omokolade Ajayi Omokolade Ajayi
Remgro sells FirstRand stake
BusinessHot News

Remgro sells $300 million FirstRand stake as it exits non-core investment

Remgro sells R4.88 billion ($300 million) FirstRand shares, continuing its strategic exit from the banking giant after the 2020 RMB…

Feyisayo Ajayi Feyisayo Ajayi
largest listed agribusiness firms in Africa
BusinessHot News

20 largest listed agribusiness firms in Africa

Africa’s 20 largest listed agribusiness firms power food production, fertilizers, poultry, plantations and exports across major regional markets.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

Beyoncé, Dr. Dre join billionaire ranks as global total climbs to 3,428

Beyoncé and Dr. Dre join 3,428 billionaires worldwide as global wealth climbs to $20.1 trillion, fueled by tech, finance, and…

Omokolade Ajayi Omokolade Ajayi
Hot NewsTourism

Hilton Nairobi revives conference business after sale attempt falls through

Exterior view of the Hilton Nairobi building in Kenya’s central business district, a landmark property now hosting corporate conferences and…

Omokolade Ajayi Omokolade Ajayi
Desmond de Beer Lighthouse dividend
BusinessHot NewsLuxury

South African businessman Desmond de Beer to receive $6.3 million from Lighthouse

South African businessman Desmond de Beer will receive $6.3 million after Lighthouse Properties declared a €30.24 million ($35.2 million) interim…

Feyisayo Ajayi Feyisayo Ajayi
Hyprop Hyde Park Corner sale collapse
BusinessHot NewsLuxury

Hyprop top executives forfeit shares after Hyde Park Corner sale collapses

Hyprop executives repay incentives and forfeit shares after failed sale of 50% stake in Johannesburg’s Hyde Park Corner mall collapses.

Feyisayo Ajayi Feyisayo Ajayi
Portside Tower
BusinessHot News

South Africa’s economy grows fastest in three years amid reforms

While the increase may appear modest compared with global peers, for a country that has struggled to maintain consistent growth…

Omokolade Ajayi Omokolade Ajayi
TikTok invests $200K to strengthen AI literacy efforts in Sub-Saharan Africa
BusinessTechnology

TikTok boosts AI literacy in Sub-Saharan Africa with $200,000 investment

TikTok is stepping up efforts to improve artificial intelligence literacy across Sub-Saharan…

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Nigerian billionaires Elumelu, Rabiu meet Macron to strengthen Africa-France ties

Elumelu and Rabiu meet Macron at Élysée Palace to strengthen investment and…

Omokolade Ajayi Omokolade Ajayi
Absa Group CEO, Kenny Fihla
BusinessHot News

Absa eyes Africa expansion as banks push beyond South Africa  

Absa Group is accelerating its expansion across Africa as South African banks…

Timilehin Adejumobi Timilehin Adejumobi
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