BillionairesBusinessHot News

South African billionaire Patrice Motsepe to receive $27.1 million dividend

The payment, scheduled for Monday, April 13, will see Motsepe receive R455.66 million ($27.1 million) based on his stake in…

Omokolade Ajayi Omokolade Ajayi
MNT-Halan debt program
BusinessHot News

MNT-Halan targets debt program worth over $570 million

Egyptian fintech MNT-Halan plans a $572 million debt program to fund expansion across Egypt, Turkey, Pakistan and the UAE.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa’s largest insurer, Sanlam, bets on India to drive future growth

Sanlam, Africa's largest insurer, targets India to drive growth, with CFO Abigail Mukhuba projecting it may surpass South Africa in…

Omokolade Ajayi Omokolade Ajayi
Orchidia Pharmaceutical
BusinessHot News

SPE Capital invests in Egypt’s Orchidia to expand ophthalmic drug production

SPE Capital and development finance partners invest in Egypt’s Orchidia Pharmaceutical to expand eye-care drug production and accelerate regional exports.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian billionaire Tony Elumelu backs African entrepreneurs with $100 million over 15 years

Through the Tony Elumelu Foundation (TEF), Elumelu has helped fund more than 24,000 startups across Africa.

Omokolade Ajayi Omokolade Ajayi
world’s most important maritime chokepoints
BusinessHot News

20 world’s most important maritime chokepoints, like the Strait of Hormuz

Twenty strategic maritime chokepoints, from the Strait of Hormuz to Malacca, carry the bulk of global oil, cargo and trade…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s richest man faces $2.2 billion loss amid global unrest

The Bloomberg Billionaires Index now pegs his net worth at $17.2 billion, down from $19.5 billion on Jan. 1.

Omokolade Ajayi Omokolade Ajayi
Fertiglobe 2025 dividend payout
BusinessHot News

Fertiglobe approves $260 million dividend payout for 2025 after strong earnings

Fertiglobe, backed by Abu Dhabi National Oil Company, approves $260 million 2025 dividends, lifting total capital returns to $334 million…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian Breweries partners to launch food-grade rPET facility in Ogun State

The initiative will be developed through Indorama Ventures Recycling Solutions Limited, a special purpose vehicle created to build, own, and…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Pareto secures full control of Sandton Convention Centre after Southern Sun exits $66 million deal

Pareto secures full ownership of the Sandton Convention Centre and two Sandton hotels after Southern Sun exits the $66 million…

Omokolade Ajayi Omokolade Ajayi
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
BillionairesBusinessHot News

South African billionaire Patrice Motsepe to receive $27.1 million dividend

Patrice Motsepe will receive $27.1 million as African Rainbow Minerals pays a…

Omokolade Ajayi Omokolade Ajayi
MNT-Halan debt program
BusinessHot News

MNT-Halan targets debt program worth over $570 million

Egyptian fintech MNT-Halan plans a $572 million debt program to fund expansion…

Feyisayo Ajayi Feyisayo Ajayi
Glencore’s CEO, Gary Nagle
BusinessHot News

Glencore signals possible Rio Tinto deal revival as coal prices rise    

Glencore may revive merger talks with Rio Tinto as coal prices surge,…

Timilehin Adejumobi Timilehin Adejumobi
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