OCI Global strategic overhaul
BusinessHot News

OCI generates $11.9 billion in strategic overhaul, returns $7 billion to shareholders

OCI generates $11.9 billion from asset sales, returning $7 billion to shareholders amid strategic overhaul and global energy volatility.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

$4.2 billion in African revenue linked to Tony Elumelu Foundation, CEO Somachi Chris-Asoluka says

Over 15 years, the foundation has funded more than 24,000 startups across the continent.

Omokolade Ajayi Omokolade Ajayi
Vizenge Kumwenda NICO stake
BusinessHot News

Malawian tycoon Vizenge Kumwenda’s NICO Holdings stake dips below $50 million after stock decline

Vizenge Kumwenda’s NICO stake falls below $50 million as shares decline, trimming gains after last year’s rally on Malawi Stock…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Shoprite enters community banking, while Nigerian franchise shuts down

Stores once known for long aisles, imported goods and weekend crowds went dark after years of strain.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenya’s Equity Group enters pharmacy business to reduce treatment costs

The decision reflects a simple calculation: medicines account for a large share of clinic expenses, and controlling that supply could…

Omokolade Ajayi Omokolade Ajayi
Sam Darwish IHS share sale
BusinessHot News

IHS CEO Sam Darwish sells $710,000 shares after MTN $6.2 billion deal

IHS Holding CEO Sam Darwish sells $710,000 in shares under trading plan, signaling routine equity move tied to compensation.

Feyisayo Ajayi Feyisayo Ajayi
IFC Atlas Tower Kenya financing
Hot NewsTechnology

IFC backs Atlas Tower Kenya’s expansion with $30 million debt proposal

IFC weighs $30 million debt for Atlas Tower Kenya to expand telecom infrastructure and deploy green energy across underserved regions.

Feyisayo Ajayi Feyisayo Ajayi
Senegal maize productivity project
BusinessHot News

Tolbi secures IFC support to improve Senegal maize yields

IFC backs $600,000 advisory project to boost Senegal’s maize productivity, supporting AgTech firm Tolbi and strengthening food security.

Feyisayo Ajayi Feyisayo Ajayi
Malawi Stock Exchange profitable companies
BusinessHot News

Malawi’s 10 most profitable listed companies in 2025

Malawi Stock Exchange firms post $523.8 million profit in 2025, led by banks, telecoms, and Illovo Sugar’s strong earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
UBA Group partnership
BusinessGlobal NewsHot News

UBA Group, BII partner to unlock trade finance across Africa

UBA, BII join to expand trade finance across Africa, bridging $80 billion gap and boosting SMEs via AfCFTA opportunities.

Feyisayo Ajayi Feyisayo Ajayi
Riyadh airport logistics upgrade
BusinessHot News

Elsewedy Electric’s Rowad begins major logistics upgrade at Riyadh airport

Elsewedy Electric’s Rowad begins major Riyadh airport upgrade, boosting cargo capacity and advancing Saudi Arabia’s logistics ambitions.

Feyisayo Ajayi Feyisayo Ajayi
IFC advisory program Namibia
BusinessHot News

Namibia’s investment agency gets IFC advisory program funding  to unlock private capital

IFC funds Namibia advisory program to boost private investment and develop bankable projects across key sectors.

Feyisayo Ajayi Feyisayo Ajayi
Co-op Bank Kenya dividend
BusinessHot News

Kenyan tycoon Gideon Muriuki set for $2.3 million Co-op Bank Kenya dividend

Kenyan tycoon Gideon Muriuki set for $2.3 million dividend as Co-op Bank Kenya posts stronger earnings, higher profits, and expanded…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Zenith Bank hits $3.3 billion market cap under Adaora Umeoji as Nigeria’s most valuable bank

Since the start of the year, Zenith Bank’s stock has risen sharply, climbing from N61.8 ($0.046) on Jan. 1 to…

Omokolade Ajayi Omokolade Ajayi
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).

Omokolade Ajayi Omokolade Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
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…

Feyisayo Ajayi Feyisayo Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
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

Feyisayo Ajayi Feyisayo Ajayi
Chui Lodge main area
LuxuryTourism

Chui Lodge redefines Safari luxury in Kenya

A secluded safari lodge in Kenya’s Oserengoni Sanctuary, blending handcrafted design, private cottages and unhurried bush living.

Seychelles tourism policy
BusinessHot News

What Patrick Herminie’s swearing-in means for Seychelles’ tourism sector

Patrick Herminie’s review of the Assomption resort puts Seychelles’ conservation-first tourism policy under global investor watch.

EIB Global invests $46M in Speedinvest fund to back African tech startups
BusinessTechnology

EIB Global invests $46 million in African tech fund to boost startups

Africa’s startup scene is attracting renewed investor interest as demand grows for digital services across the continent. From payments to healthcare, young companies are stepping in to fill gaps in fast-changing economies.  That shift is drawing support from global institutions. EIB Global has committed $46 million to an Africa-focused venture capital fund managed by Speedinvest, adding fresh backing for early-…

Oluwatosin Alao Oluwatosin Alao
OCI Global strategic overhaul
BusinessHot News

OCI generates $11.9 billion in strategic overhaul, returns $7 billion to shareholders

OCI generates $11.9 billion from asset sales, returning $7 billion to shareholders amid strategic overhaul and global energy volatility.

Feyisayo Ajayi Feyisayo Ajayi
Vizenge Kumwenda NICO stake
BusinessHot News

Malawian tycoon Vizenge Kumwenda’s NICO Holdings stake dips below $50 million after stock decline

Vizenge Kumwenda’s NICO stake falls below $50 million as shares decline, trimming gains after last year’s rally on Malawi Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi
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