BusinessHot News

South Africa’s Exxaro reports $461 million earnings in 2025 as coal drives growth

Revenue also moved higher, rising 3 percent to R41.77 billion ($2.5 billion) from R40.73 billion ($2.43 billion).

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IFC Kenya2Equal gender inclusion Kenya
BusinessHot News

IFC Kenya2Equal initiative targets gender gaps in Kenya’s private sector

IFC launches Kenya2Equal, a three-year initiative to close gender gaps and boost women’s participation in Kenya’s private sector.

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IFC $200 million Bank of Georgia MSME financing
Global NewsHot News

IFC eyes $200 million financing for Bank of Georgia to expand MSME lending

IFC considers $200 million financing for Bank of Georgia to expand MSME lending, boost financial inclusion, and support rural enterprise…

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Musbahu Bashir companies
BillionairesBusinessHot News

10 companies owned by Nigerian businessman, Musbahu Mohammed Bashir

Musbahu Bashir built a diversified empire across telecom, finance, energy and real estate, shaping Nigeria’s economy quietly.

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Equity Group 2025 profit
BusinessHot News

Kenya banker James Mwangi leads Equity Group to $555.4 million profit in 2025

Kenya’s Equity Group reports $555.4 million profit in 2025, driven by regional diversification and strong income growth.

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Sa’adat Hamza Mohammed Jaiz Bank stake
BusinessHot News

Nigerian banker and lawyer Sa’adat Mohammed’s Jaiz Bank stake tops $30 million

Sa’adat Hamza Mohammed’s Jaiz Bank stake tops $30 million after a sharp rally in shares on Nigeria’s stock exchange

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Co-op Bank dividend 2025
BusinessHot News

Kenyan tycoon Gideon Muriuki-led Co-op Bank to distribute $113 million dividend

Co-op Bank plans $113 million dividend after 2025 profit growth, reinforcing investor confidence and strong balance sheet expansion.

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Top 15 listed hotel brands Africa
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15 most valuable publicly listed hotel brands in Africa

Africa’s 15 most valuable listed hotel brands drive tourism, business travel, and investor exposure across the continent.

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Co-op Bank dividend 2025
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Co-op Bank shatters records with $230 million profit under Gideon Muriuki

Co-op Bank posts record $310.98 million profit as income rises, efficiency improves and dividend payout jumps sharply in 2025.

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BusinessExclusiveHot News

Nigeria’s Zedvance targets $185 million in business loans by 2026

The target follows strong growth in the firm’s Commercial Solutions unit, which has already disbursed more than N96 billion ($71…

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Novus Holdings asset disposal
BusinessHot News

South Africa’s Novus Holdings sells KwaZulu-Natal property assets in $5.4 million disposal

Novus Holdings sells KwaZulu-Natal assets for $5.4 million, exiting non-core properties to refocus capital on core operations.

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Clive Calder net worth 2026
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South African-British billionaire Clive Calder loses $170 million in 2026

Clive Calder’s net worth falls $170 million in 2026, driven by weaker asset valuations, though he remains among the world’s…

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SPAR moves to rebuild revenue
BusinessHot News

South Africa’s SPAR moves to cut jobs amid weak sales and rising costs

Executives say restoring reliability to distribution remains a priority as the company works to rebuild supplier and customer confidence.

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Sirius Real Estate credit facility
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Sirius Real Estate secures $346 million revolving credit facility to boost acquisitions

Sirius Real Estate secures $346 million revolving credit facility, boosting acquisitions and strengthening financial flexibility across Europe.

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Michiel Le Roux Capitec stake loss
BillionairesHot News

South African billionaire Michiel Le Roux loses $422 million on Capitec Bank stake

Michiel Le Roux loses $422 million as Capitec shares slide on JSE, cutting stake value amid market volatility.

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BusinessHot News

Nigerian executive Owen Omogiafo says government’s commitment to energy debt promises gains for Transcorp

Transcorp remains committed to protecting shareholders and sustaining profitability across its power, hospitality, and energy investments.

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BusinessHot News

Ghanaian businessman bids to take over gold mine from Africa’s biggest miner

This comes as Ghana’s mining sector reforms aim to keep more wealth in the country.

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Supermarket Income REIT refinancing
BusinessHot News

Supermarket Income REIT expands $583 million facility to refinance debt

Supermarket Income REIT expands £437 million ($583.24 million) loan to refinance debt, boosting liquidity and strengthening its grocery property portfolio.

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BusinessHot News

South Africa’s Vukile buys $202 million stake in Barcelona mall

The Johannesburg-based real estate investment trust said the purchase will be made through its 99.7 percent-owned Spanish subsidiary Castellana Properties.

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Elsewedy Electric Saudi expansion
BusinessHot News

Elsewedy Electric deepens Saudi Arabia push with $3 billion project pipeline

Elsewedy Electric deepens Saudi Arabia push with $3 billion projects as international revenue climbs to 70% of total.

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Africa telecom billionaires
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10 African tech titans driving fintech and innovation

Africa’s tech titans are exporting capital and platforms globally, reshaping digital payments, infrastructure and innovation in 2026.

African cities investment
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25 most attractive cities in Africa

Africa’s top cities attract investors, tourists, and talent, blending culture, business, and modern infrastructure for global influence.

BusinessHot News

South Africa’s Exxaro reports $461 million earnings in 2025 as coal drives growth

Exxaro Resources Limited reports $461 million earnings in 2025 as coal output, exports and disciplined costs support growth.

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IFC Kenya2Equal gender inclusion Kenya
BusinessHot News

IFC Kenya2Equal initiative targets gender gaps in Kenya’s private sector

IFC launches Kenya2Equal, a three-year initiative to close gender gaps and boost women’s participation in Kenya’s private sector.

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Musbahu Bashir companies
BillionairesBusinessHot News

10 companies owned by Nigerian businessman, Musbahu Mohammed Bashir

Musbahu Bashir built a diversified empire across telecom, finance, energy and real estate, shaping Nigeria’s economy quietly.

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