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Uganda Airlines secures $113 million for fleet expansion as Kenya Airways seeks $2 billion rescue

The funding for Uganda Airlines is part of a supplementary request of Ush1.696 trillion ($455.7 million) approved last year.

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BusinessHot News

IFC partners Cashi to expand digital payments in Chad’s low-connectivity markets

IFC partners Cashi to expand digital payments in Chad, targeting low-connectivity markets and boosting financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi
Royal Bafokeng Nation wealth
BillionairesBusinessHot News

South Africa’s royal Bafokeng nation sees stake in OUTsurance hits $837 million

South Africa’s Royal Bafokeng Nation holds $837.1 million in OUTsurance shares, reflecting a powerful community-owned investment model.

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Oge Elumelu, Tony O. Elumelu, CFR, and Dr. Awele Vivien Elumelu.
BusinessHot News

Heirs Energies drives African entrepreneurship, invests $10 million in 2,000 startups

Heirs Energies’ CEO, Osayande Igiehon, described the company’s approach as one that links energy delivery to economic growth.

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BusinessHot News

Remgro posts $307 million half-year earnings; Mediclinic and Rainbow boost results

The group’s headline earnings exceeded $300 million for the first half of its 2026 fiscal year, reflecting steady improvements across…

Omokolade Ajayi Omokolade Ajayi
Hitesh Anadkat, Malawian billionaire and co-founder of FMB Capital Holdings.
BusinessExclusiveHot News

Malawian billionaire Hitesh Anadkat loses $297 million following record $1.69 billion gain

For Anadkat, the $297 million drop in his stake since early 2026 follows a 2025 gain of MWK2.94 trillion ($1.69…

Omokolade Ajayi Omokolade Ajayi
Egypt 900 MW wind deal
BusinessHot News

Egypt’s Orascom Construction signs 900 MW wind power deal in Egypt with ENGIE, Aeolus

Orascom, ENGIE, and Aeolus sign 900 MW wind deal in Egypt, boosting renewable capacity and long-term clean energy growth.

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Kenya Airways airline operations during 2025 financial results period.
BusinessHot News

Kenya Airways posts $132 million 2025 loss as aircraft shortages hit Africa routes

The setback comes a year after the airline posted its first profit in more than a decade, reflecting how fragile…

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Datatec Logicalis Germany acquisition
BusinessHot News

South Africa’s Datatec expands European footprint with Poland acquisition

Datatec expands in Europe as Logicalis Germany acquires NetworkedAssets, strengthening engineering and Poland market entry.

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IFC MSME financing Africa
BusinessHot News

IFC targets women-led MSMEs through Simone Tiemtoré’s banking arms in Guinea and Burkina Faso

IFC launches $600,000 advisory project to boost MSME lending and financial inclusion in Guinea and Burkina Faso.

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Zimbabwe land reform 2050
BusinessHot News

Zimbabwe pushes land reform to unlock $258 billion economic potential by 2050

Zimbabwe advances land reform to unlock $258 billion economic potential, issuing bankable title deeds to 360,000 farmers.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Fuel scarcity hits Kenya as Iran war disrupts shipments

The strain stems from frozen domestic pump prices set by the Energy and Petroleum Regulatory Authority (EPRA), while global oil…

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MCB wins awards for $400 million energy deal
BusinessHot News

MCB wins top African finance awards for $400 million Karpowership deal

MCB wins top African finance awards for a $400 million Karpowership deal, boosting its role in energy and infrastructure financing.

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Partech backs littlefish to scale SME banking
BusinessHot News

Partech leads about $10 million investment in South Africa’s fintech to scale Africa’s merchant banking

Partech leads $9.5 million investment in littlefish to scale merchant banking infrastructure for SMEs across Africa.

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ExclusiveHot News

Nigerian billionaire Abdul Samad Rabiu’s liabilities exceed $3 billion

The figures reflect a reassessment of his holdings and obligations, including acquisitions, insider transactions, taxes, market performance, and philanthropic commitments.

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BusinessHot News

Kenyan banker James Mwangi to earn $5.7 million dividend from Equity Group

Mwangi, who has led the group since 2004, when it operated as Equity Building Society, holds a 3.39 percent stake,…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria moves to capitalize on oil surge amid global supply tensions

The country plans to increase oil production by about 100,000 barrels per day in the coming months.

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BusinessHot News

ADvTECH’s Africa expansion lifts operating profit past $120 million in 2025

The education division remained the main driver, with revenue up 13 percent as more students enrolled across both school and…

Omokolade Ajayi Omokolade Ajayi
Razack Adeola Sterling Bank
BusinessHot News

Meet Nigerian banker Adeyemi Razack Adeola: Sterling Bank chairman with stake worth nearly $90 million

Nigerian banker Razack Adeola built Sterling Bank influence with a $86.7 million stake, shaping growth and long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Cameroonian tech investor Eunice Ajim seeks $20 million to back Africa’s next fintech winners

The raise follows a string of outcomes that have helped sharpen her case to investors.

Omokolade Ajayi Omokolade Ajayi
Tanzania richest investors
BusinessHot News

20 richest people in Tanzania

Tanzania’s billionaires power growth as DSE market cap hits $13.07 billion amid investment surge.

Sub-saharan African growth 2025
BusinessHot News

World Bank flags stronger 2025 growth for Sub-Saharan Africa as inflation retreats

World Bank forecasts 3.8% growth in Sub-Saharan Africa for 2025 as inflation eases, but job creation remains urgent.

BusinessHot News

Uganda Airlines secures $113 million for fleet expansion as Kenya Airways seeks $2 billion rescue

Uganda Airlines secures $113 million to expand its fleet as Kenya Airways seeks $2 billion from investors to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

IFC partners Cashi to expand digital payments in Chad’s low-connectivity markets

IFC partners Cashi to expand digital payments in Chad, targeting low-connectivity markets and boosting financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi
Air access lifts Victoria Falls tourism, boosts regional travel demand
BusinessTourism

Upgraded access boosts tourism outlook at Victoria Falls

Improved air access is lifting Zimbabwe’s tourism outlook, with Victoria Falls drawing renewed interest as a gateway for travel across Southern Africa. Operators say easier connections are already supporting bookings as more visitors plan trips that combine several destinations in one journey.  The planned return of a direct Harare–London route is expected to deepen that recovery. The link would reconnect…

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