MeTL Kenya soda plant
BusinessHot News

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola in East Africa

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola and PepsiCo in East Africa through Mo Cola expansion strategy…

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa continues expanding mobile and digital services across African markets as subscriber growth accelerates.
BusinessHot NewsTechnology

Airtel Africa profit tops $800 million as data, mobile money growth accelerates

The London- and Lagos-listed telecoms operator said profit after tax rose 147.4 percent to $813 million in the 2026 financial…

Omokolade Ajayi Omokolade Ajayi
OPEC Fund for International Development.
BusinessGlobal NewsHot News

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

The Treasury said the funding will support parts of its ongoing reform program focused on easing operational challenges in key…

Omokolade Ajayi Omokolade Ajayi
TMG Q1 2026 profit growth
BusinessHot News

Egyptian billionaire Hisham Talaat Moustafa’s TMG Group opens 2026 with $104 million profit

TMG posts $104 million Q1 profit as revenue rises, backlog hits $8.65 billion, reinforcing Egypt real estate leader’s growth outlook.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Aliko Dangote courts Norway’s $2 trillion fund before $50 billion refinery IPO

The talks come as Dangote moves closer to a planned public listing of Dangote Petroleum Refinery & Petrochemicals, a transaction…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s crude output rises in April 2026, nears OPEC quota as exports expand

The improvement reflects output from producing assets and fewer disruptions tied to maintenance work and pipeline interruptions that weighed on…

Omokolade Ajayi Omokolade Ajayi
Elsewedy Electric Q1 profit growth
BusinessHot News

Elsewedy Electric, led by Egyptian billionaire family, opens 2026 with $92 million profit

Elsewedy Electric posts $92 million Q1 profit as revenue surges on cables, engineering projects and fast-growing digital solutions.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam construction contract
BusinessHot News

Hassan Allam-led JV wins $490 million Saudi museum contract

Hassan Allam JV wins $490M Diriyah contract for Saudi Museum of Contemporary Art, advancing Vision 2030 cultural diversification goals.

Feyisayo Ajayi Feyisayo Ajayi
Proparco Axian partnership deal
Hot NewsTechnology

Malagasy businessman Hassanein Hiridjee signs $351 million Proparco deal for Africa infrastructure push

Axian Group signs $351 million partnership with Proparco to expand Africa’s digital infrastructure, energy access, broadband and data centers deal…

Feyisayo Ajayi Feyisayo Ajayi
Ecobank DRC SME financing BII facility
BusinessHot News

Ecobank DRC secures $30 million BII facility to boost SME financing

Ecobank DRC secures $30 million BII facility to expand SME lending, easing credit access and supporting growth across key sectors.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot NewsTechnology

Amid $100 million expansion plan, Redtech ranks among Africa’s fastest-growing companies

The company was ranked 32nd out of 130 firms on the Financial Times Africa’s Fastest Growing Companies 2026 list, produced…

Omokolade Ajayi Omokolade Ajayi
Patrick Schegg CRDB Bank dividend
BusinessHot News

Swiss-Tanzanian investor Patrick Schegg set for $1.8 million CRDB Bank dividend

Patrick Schegg set for $1.8 million payout as CRDB Bank raises dividend 38% on strong 2025 earnings and sustained customer…

Feyisayo Ajayi Feyisayo Ajayi
Vilakazi and others
BusinessExclusive

10 female CEOs redefining Africa’s banking industry

Meet 10 female CEOs leading Africa’s biggest banks, including FirstRand, Zenith Bank, KCB and Bank of Kigali.

Timilehin Adejumobi Timilehin Adejumobi
MTN Group Q1 2026 revenue
BusinessHot News

Ralph Mupita leads MTN to $3.4 billion revenue in Q1 2026 as Nigeria, Ghana drive growth

MTN posts $3.4 4 billion in Q1 2026 revenue as Nigeria, Ghana fuel growth, driven by data, fintech and rising…

Feyisayo Ajayi Feyisayo Ajayi
Prosus targets $3.6 billion Just Eat revenue
BusinessHot NewsTechnology

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion Just Eat revenue

The outlook comes as the food delivery sector continues to consolidate across Europe.

Omokolade Ajayi Omokolade Ajayi
Africa agricultural trade finance gap
BusinessHot News

MCB, 15 banks join Proparco to close Africa’s $50 billion agri-finance gap

Proparco and 16 lenders launch Africa AgriTrade Coalition to bridge $50 billion trade finance gap, boosting food supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Isyaku Abdulsamad “Khalifa” Rabiu.
BillionairesBusinessHot News

Abdul Samad Rabiu’s son, Khalifa’s BUA Foods stake tops $300 million

Khalifa Rabiu holds 473,628,201 shares in BUA Foods, representing a 2.63 percent stake

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

Africa’s first Black billionaire Patrice Motsepe says partnerships boost South Africa’s mining sector

Motsepe said collaboration between public institutions and business groups is now central to improving South Africa’s competitiveness in global mining…

Omokolade Ajayi Omokolade Ajayi
Ecobank Proparco agricultural financing
BusinessHot News

Ecobank gets $353 million deal to boost African agriculture, women entrepreneurs

Ecobank secures $353 million Proparco-backed financing to boost African agriculture and expand support for women-led businesses.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya moves to secure IMF support as Iran tensions raise energy costs

Kenya is now facing additional strain from disruptions to shipping routes through the Strait of Hormuz, one of the world’s…

Omokolade Ajayi Omokolade Ajayi
Top 20 African economies by GDP 2025
BusinessHot News

Top 20 African economies by GDP 2025

Africa’s top 20 economies in 2025 show sharp contrasts, from resource-rich giants to fast-growing service hubs shaping future growth.

Prieska Copper-Zinc project
BusinessHot News

Glencore-backed $250 million financing for Orion’s Prieska project faces year-end delay

Glencore-backed $250 million financing for Orion’s Prieska Copper-Zinc Project delayed to early 2026 amid year-end procedural hold-ups.

Jiji expands beyond Africa with Bangladesh’s Bikroy acquisition deal
BusinessTechnology

Jiji expands beyond Africa with Bangladesh’s Bikroy acquisition deal

Jiji, the Lagos-based classifieds marketplace, has acquired Bangladesh’s Bikroy in a move that extends its business beyond Africa for the first time. The deal comes just 13 months after Jiji entered Bangladesh, where it positioned itself as a direct competitor to Bikroy and other local platforms.  Chief executive Anton Volianskyi said the transaction was financed through internal resources and shareholder…

Oluwatosin Alao Oluwatosin Alao
Transnet Freight Rail
BusinessHot News

Transnet opens South Africa rail network to Grindrod, Minrail

Transnet opens South Africa’s freight rail network to private operators including Grindrod and Minrail to ease export bottlenecks.

Timilehin Adejumobi Timilehin Adejumobi
MeTL Kenya soda plant
BusinessHot News

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola in East Africa

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola and PepsiCo in East Africa through Mo Cola expansion strategy push into market

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa continues expanding mobile and digital services across African markets as subscriber growth accelerates.
BusinessHot NewsTechnology

Airtel Africa profit tops $800 million as data, mobile money growth accelerates

Airtel Africa's profit rose to $813 million as data usage and mobile money growth boosted revenue to $6.41 billion.

Omokolade Ajayi Omokolade Ajayi
FirstRand plans UK exit after $1 billion motor-finance hit
BusinessGlobal News

South Africa’s FirstRand exits UK market after $1 billion setback

FirstRand Ltd., a leading financial services group is preparing to step back from the UK after a sharp rise in compensation costs tied to a motor-finance mis-selling review pushed it to reassess its overseas exposure.  FirstRand is now working with advisers, including Bank of America and its own investment-banking arm, RMB, to explore the potential sale of its UK subsidiary,…

Oluwatosin Alao Oluwatosin Alao
OPEC Fund for International Development.
BusinessGlobal NewsHot News

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

South Africa secures a $150 million OPEC Fund loan to advance infrastructure reforms in energy, rail, and port systems.

Omokolade Ajayi Omokolade Ajayi
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