Enko Education $22 million funding
BusinessHot News

Cameroonian Cyrille Nkontchou’s Enko Education secures $22 million from Standard Bank for African expansion

Enko Education secures $22 million from Standard Bank to expand across Africa, boosting access to high-quality, global education.

Feyisayo Ajayi Feyisayo Ajayi
IFC telecom power Africa
BusinessHot News

IFC invests $45 million in clean telecom power to boost Africa connectivity

IFC commits $45 million to IPT PowerTech to expand clean telecom power, boosting connectivity across Ethiopia, Liberia, and Sierra Leone.

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Hot NewsTechnology

Nigeria’s fintech unicorn Moniepoint acquires restaurant management platform Orda

Orda will be rebranded as Moniebook for Restaurants and folded into Moniebook, Moniepoint’s business management platform.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenya Airways’ bookings climb, providing temporary relief from $2.4 billion liabilities

The carrier said that bookings have climbed sharply in recent weeks, helped in part by disruptions tied to the ongoing…

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Sandile Zungu: KZN businessman behind South Africa’s $10 billion lottery, sports license

Zungu's career reflects a consistent approach grounded in execution and long-term thinking.

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Nigerian monarch Lamido Sanusi’s MTN earnings reach N1.5 billion over seven years

Recent findings by Shore.Africa show that the Emir of Kano received a total of R22.57 million in board-related compensation from…

Omokolade Ajayi Omokolade Ajayi
Safwan Thabet Juhayna losses
BusinessHot News

Egyptian mogul Safwan Thabet hit by $40.8 million loss from Juhayna stake

Safwan Thabet loses $40.75 million in 46 days as Juhayna shares drop 14.45%, dragging down the value of his majority…

Feyisayo Ajayi Feyisayo Ajayi
Africa richest hotel owners
Hot NewsLuxury

10 of Africa’s richest hotel owners in 2026

Africa’s richest hotel owners are reshaping luxury hospitality, driving tourism growth and building world-class hotel empires across the continent.

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BusinessHot News

Egypt to pay $1.3 billion in oil company arrears by June amid energy crunch

By June 30, 2024, Egypt owed $6.1 billion to foreign oil companies, a gap driven by a persistent shortage of…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Equity Group emerges Kenya’s most valuable brand in global ranking

Brand Finance said the ranking reflects customer perception of the bank and its growth prospects.

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

Aliko Dangote’s refinery becomes key as Europe, Africa face fuel supply strain

The Nigerian billionaire’s facility, which produces 650,000 barrels per day, has drawn attention not only from African governments but increasingly…

Omokolade Ajayi Omokolade Ajayi
Hot NewsTechnology

South Africa’s largest single-phase solar project secures Standard Bank backing

Once operational, Notsi is expected to generate around 1.5 million megawatt-hours of electricity annually, enough to power roughly 140,000 households.

Omokolade Ajayi Omokolade Ajayi
Choppies share price retreat
BusinessHot News

Botswana tycoon, Ramachandran Ottapathu, loses $4.7 million amid Choppies’ modest share decline

Choppies shares plunge 7%, wiping $4.7 million from Ramachandran Ottapathu’s stake amid investors selloff.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Gold slump cuts $700 million from South African billionaire Patrice Motsepe’s fortune

Since Jan. 26, Motsepe’s net worth has fallen from $4.4 billion to $3.7 billion — a $700 million drop in…

Omokolade Ajayi Omokolade Ajayi
Africa fastest women athletes
Hot NewsSports

10 of Africa’s fastest women athletes

Africa’s fastest women are redefining global sprinting, led by record breakers and rising stars dominating track events worldwide

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ExclusiveHot News

Nigerian President praises Tony Elumelu on 63rd birthday as TEF lifts 2.1 million Africans out of poverty

In a statement honoring Elumelu, President Tinubu described him as an African business icon and a tireless advocate for Nigerian…

Omokolade Ajayi Omokolade Ajayi
Folasope Aiyesimoju drives UAC
BusinessHot News

One of Nigeria’s youngest deal makers, Folasope Aiyesimoju, quietly controls UAC with stake worth $50 million

Folasope Babasola Aiyesimoju is quietly transforming UAC Nigeria, blending CEO control with his $50 million shareholder influence.

Feyisayo Ajayi Feyisayo Ajayi
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
Wizkid
EntertainmentHot News

Wizkid’s 2019 song certified gold by RIAA for half a million units

The certification, awarded on Nov. 22, marks over 500,000 certified units sold, encompassing both permanent digital downloads and on-demand streams.

Caledonia Mining Bilboes gold mine
BusinessHot News

How Caledonia Mining plans to Spend $132 million on Zimbabwe’s largest gold mine

Caledonia Mining plans a $132 million investment to develop Bilboes, positioning it as Zimbabwe’s largest gold mine by late 2028.

Enko Education $22 million funding
BusinessHot News

Cameroonian Cyrille Nkontchou’s Enko Education secures $22 million from Standard Bank for African expansion

Enko Education secures $22 million from Standard Bank to expand across Africa, boosting access to high-quality, global education.

Feyisayo Ajayi Feyisayo Ajayi
IFC telecom power Africa
BusinessHot News

IFC invests $45 million in clean telecom power to boost Africa connectivity

IFC commits $45 million to IPT PowerTech to expand clean telecom power, boosting connectivity across Ethiopia, Liberia, and Sierra Leone.

Feyisayo Ajayi Feyisayo Ajayi
Patrick_Awuah, Atiku Abubakar, Bishop Oyedepo
BusinessHot News

10 university owners driving Africa’s education revolution

Africa’s higher education revolution fueled by private university founders

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