Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egypt’s Sami Saad family-owned AlDau Hospitality secures $100 million loan for Cairo hotel expansion

IFC weighs $100 million loan for AlDau Hospitality to expand Cairo hotel near Pyramids, boosting Egypt’s tourism and jobs.

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg water infrastructure loan
BusinessHot News

IFC plans $47 million loan to upgrade Johannesburg’s water infrastructure

IFC plans a $47 million loan to Johannesburg to upgrade water systems, tackling losses, aging infrastructure, and supply constraints.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
BillionairesBusinessHot News

Egyptian billionaire Nassef Sawiris closes London family office after UK exit

His private investment firm, NNS Group, has filed a final notice to complete the closure of its London entity by…

Omokolade Ajayi Omokolade Ajayi
ISA Dataproof stake sale
Hot NewsTechnology

South Africa’s ISA Holdings exits Dataproof stake in $3.7 million deal

ISA Holdings sells 50% Dataproof stake for R62M ($3.7M), unlocking value via buyback as firm sharpens cybersecurity focus and empowerment…

Feyisayo Ajayi Feyisayo Ajayi
Groupe Talys IFC loan
BusinessHot News

Madagascar’s Groupe Talys secures $10.5 million IFC loan to boost housing, retail expansion

IFC extends $10.5 million loan to Madagascar’s Groupe Talys to expand housing, retail and create jobs nationwide. driving jobs growth…

Feyisayo Ajayi Feyisayo Ajayi
President Bola Tinubu approves 30% debt relief for Nigerian airlines and orders urgent talks to address rising jet fuel prices and ease pressure on domestic carriers.
BusinessHot News

Nigeria’s President Tinubu moves to ease airline crisis with 30% debt cut, fuel price talks

The decision, announced by Aviation Minister Festus Keyamo, comes as airlines across the country face rising expenses that operators say…

Omokolade Ajayi Omokolade Ajayi
Transcorp Hotels Q1 2026 results
Hot NewsLuxury

Transcorp Hotels Q1 2026 revenue nears $20 million as profit, margins rise

Transcorp Hotels posts $16.6 million revenue in Q1 2026 as revenue rises, margins expand on strong cost discipline.

Feyisayo Ajayi Feyisayo Ajayi
Trustco NamRA Helios disputes
BusinessHot News

Namibia’s Trustco says NamRA and Helios cases remain unresolved

Trustco says NamRA, Helios disputes remain unresolved, with both cases still moving through courts and regulatory processes.

Feyisayo Ajayi Feyisayo Ajayi
Proparco Africa investments 2025
BusinessHot News

Africa anchors $1.1 billion of Proparco’s $2.9 billion deals in 2025

Proparco commits $2.9 billion globally in 2025, with $1.1 billion to Africa, reinforcing focus on private sector growth and climate…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement posts $130 million profit in Q1 2026

The company’s revenue rose to N354.98 billion ($262.63 million) in Q1 2026, up from N290.82 billion ($215.1 million) a year…

Omokolade Ajayi Omokolade Ajayi
Zenith Bank
BusinessHot News

Zenith Bank gains N3 trillion, becomes first Nigerian bank valued above N5 trillion

The rally is linked to a sharp rise in its share price on the NGX, which climbed 116 percent from…

Omokolade Ajayi Omokolade Ajayi
Dangote Tanzania refinery
BusinessHot News

Kenya, Uganda in talks with Africa’s richest man, Aliko Dangote over East African refinery project

Kenya, Uganda in talks with Aliko Dangote to build Tanzania refinery, targeting regional crude processing and reducing fuel imports.

Feyisayo Ajayi Feyisayo Ajayi
Patrick Schegg Tanzania investment
BusinessHot News

Swiss-Tanzanian investor Patrick Schegg builds quiet $106 million portfolio on DSE

Swiss-Tanzanian investor Patrick Schegg builds $106 million stake across CRDB and NMB banks on the Dar es Salaam Stock Exchange…

Feyisayo Ajayi Feyisayo Ajayi
Co-op Bank holding company shift
BusinessHot News

Co-op Bank unveils holding company shift under Gideon Muriuki

Co-op Bank posts record $229.6 million profit, unveils holding company shift to drive regional expansion and efficiency.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Ghana orders Newmont, AngloGold, Zijin to hand mining work to locals by December 2026

The order, issued by Ghana’s Minerals Commission, follows a revised local ownership framework introduced in January 2025.

Omokolade Ajayi Omokolade Ajayi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BillionairesBusinessHot News

Natie Kirsh hits $17.7 billion, overtakes Johann Rupert as Africa’s No. 2

The latest figures show a clear shift at the top, with Kirsh moving ahead of Johann Rupert and widening the…

Omokolade Ajayi Omokolade Ajayi
Paul Deuchar, long-serving head of Investec Investment Management, who oversaw growth of nearly $24 billion in assets under management.
BusinessHot News

Paul Deuchar to step down after building Investec AUM to nearly $24 billion

Investec has appointed Ryan Friedman as head of Investec Investment Management, marking a leadership transition within the firm’s specialist investment…

Omokolade Ajayi Omokolade Ajayi
global inflation 2026
BusinessGlobal NewsHot News

Global inflation surge in 2026 halts rate cuts, raises risk of new hikes

Global commodity shock fuels new inflation risks, forcing central banks to pause rate cuts as households brace for rising costs.

Feyisayo Ajayi Feyisayo Ajayi
African family-owned businesses growth
BusinessHot News

20 family-owned giants powering Africa’s industrial growth

Family-owned businesses drive Africa’s growth, blending long-term vision, resilience and capital to shape industries and expand across markets.

Feyisayo Ajayi Feyisayo Ajayi
Calabar carnival
EntertainmentHot News

Africa’s 7 must-see entertainment events of 2025

Africa’s 7 entertainment events in 2025 spotlight film, fashion, and music festivals fueling the continent’s creative economy and global influence.

Eaton
Hot NewsTechnology

Eaton finalises $1.4 billion Fibrebond’s acquisition, eyes $110 million in 2025 EBITDA

Eaton completes $1.4 billion acquisition of Fibrebond, enhancing its power infrastructure solutions with a projected $110 million in adjusted EBITDA for 2025.

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since the beginning of 2026.

Omokolade Ajayi Omokolade Ajayi
Eko-Pearl-Towers, Victoria Island, Lagos
BusinessLuxury

Inside Nigeria’s growing luxury short-term rental market

Diaspora demand and investor inflows are accelerating Nigeria’s luxury short-let market across Lagos and Abuja.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Egypt’s Sami Saad family-owned AlDau Hospitality secures $100 million loan for Cairo hotel expansion

IFC weighs $100 million loan for AlDau Hospitality to expand Cairo hotel near Pyramids, boosting Egypt’s tourism and jobs.

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg water infrastructure loan
BusinessHot News

IFC plans $47 million loan to upgrade Johannesburg’s water infrastructure

IFC plans a $47 million loan to Johannesburg to upgrade water systems, tackling losses, aging infrastructure, and supply constraints.

Feyisayo Ajayi Feyisayo Ajayi
BPR Bank CEO, Patience Mutesi
BusinessExclusive

Meet Patience Mutesi: CEO of Rwanda’s second-largest bank, BPR

Patience Mutesi leads BPR Bank Rwanda, driving post-merger growth, digital banking expansion and financial inclusion under KCB Group.

Timilehin Adejumobi Timilehin Adejumobi
Lesotho bridge lifts water exports to South Africa, boosts supply
BusinessTechnology

Lesotho builds mega bridge to boost water exports to South Africa

High in the mountains of Lesotho, a new bridge is set to play a larger role in how water moves across Southern Africa. The Senqu Bridge, recently completed, is part of a wider effort to expand supply to neighboring South Africa, where demand continues to rise.  Water from Lesotho already supports daily life in Johannesburg, the country’s economic hub. About…

Oluwatosin Alao Oluwatosin Alao
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