Unifreight Africa trailer, part of the company’s logistics operations.
BusinessHot News

Zimbabwe’s Unifreight Africa plans capacity expansion amid tobacco surge

The increase is expected to be supported by efforts to improve efficiency and expand operations, including a planned acquisition of…

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

After $132 million loss, Kenya Airways’ bailout hopes fade under tighter rules

The Kenya Civil Aviation Authority has introduced stricter conditions for state support, including debt guarantees and bailouts.

Omokolade Ajayi Omokolade Ajayi
Funeka Montjane salary Standard Bank
BusinessHot News

South African CEO Funeka Montjane pockets $4.2-million from Standard Bank in 2025

Standard Bank’s Funeka Montjane earned $4.2 million in 2025 as PPB drove growth, boosting clients, earnings and group profitability.

Feyisayo Ajayi Feyisayo Ajayi
Nigeria crude export strategy
BusinessHot News

Nigeria’s debut of Cawthorne crude export exposes tension between NNPCL, Dangote refining model

Nigeria’s first Cawthorne crude export to Europe exposes tension between export strategy and Dangote-led domestic refining ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Sunu Bank court ruling Senegal
BusinessHot News

Senegal’s Sunu Bank wins legal battle as Dakar court orders Pharmacie Royale to pay $275,000

Sunu Bank wins Dakar court ruling, securing $275,000 payment as it strengthens credit enforcement and post-acquisition risk controls.

Feyisayo Ajayi Feyisayo Ajayi
Founders of Refiant AI, including Viroshan Naicker, Siddharth Gutta, and Mathew Haswell, leading the South African AI startup focused on efficiency.
Hot NewsTechnology

South African AI startup Refiant raises $5 million to cut AI energy and data costs

Refiant said the funding will be used to expand its engineering team, build out its platform, and deepen partnerships with…

Omokolade Ajayi Omokolade Ajayi
DRC $1.25 billion eurobond
BusinessHot News

DRC’s Rawbank leads $1.25 billion debut eurobond, opening global capital markets access

DRC raises $1.25 billion eurobond, unlocking global funding to boost infrastructure, jobs, and long-term economic growth.

Feyisayo Ajayi Feyisayo Ajayi
Sello Moloko builds multimillion-dollar empire
BusinessHot News

Meet Sello Moloko, the dealmaker behind a multi-million dollar African investment empire

South African banker and investor Sello Moloko built a multimillion-dollar investment empire spanning banking, infrastructure and energy across Africa.

Feyisayo Ajayi Feyisayo Ajayi
IFC loan OCP sustainable fertilizer waste
BusinessHot News

IFC plans $111.3 million loan to OCP for fertilizer waste project in Morocco

IFC weighs $111.3 million loan to Morocco’s OCP to fund sustainable phosphogypsum storage and cut fertilizer waste risks.

Feyisayo Ajayi Feyisayo Ajayi
Ghana International Bank IFC loan
BusinessHot News

Ghana International Bank gets $100 million IFC loan to boost Africa trade flows

Ghana International Bank secures $100 million IFC loan to boost trade finance, expand liquidity and support cross-border commerce across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Optasia’s AI-powered fintech solutions support credit access and digital financial services across Africa and emerging markets.
BusinessHot NewsTechnology

JSE-listed Optasia raises over $300 million in refinancing to boost Africa’s fintech growth

The package includes an upsizing of $180 million in term facilities and $150 million in bank guarantees.

Omokolade Ajayi Omokolade Ajayi
Outgoing Chief Executive Officer John Lamola
BusinessHot News

After reports reveal quiet $58 million bailout, SAA CEO John Lamola resigns

SAA confirmed that Barbara Creecy, acting as the government’s shareholder representative, and the airline’s board accepted Lamola’s resignation.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Why Capitec boosted Gerrie Fourie’s pay 59% to nearly $6 million in his final year as CEO

Capitec lifted Gerrie Fourie’s pay 59% to $5.62 million in 2025 after strong profit growth and a decade of rapid…

Feyisayo Ajayi Feyisayo Ajayi
Adewale Tinubu, chief executive officer of Oando Plc, plans a $750 million drilling campaign following the company's Angola oil block win.
BusinessHot News

After Angola oil win, Nigerian energy mogul Adewale Tinubu plans $750 million drilling campaign

Tinubu, chief executive officer of Oando, said higher energy prices and supply disruptions are drawing renewed attention to African oil…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Top 5 billion-dollar companies on Dar es Salaam Stock Exchange

Five billion-dollar firms dominate Dar es Salaam exchange, driving liquidity, investor confidence, and Tanzania’s capital market growth.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric Saudi substations
BusinessHot News

Egypt’s Elsewedy Electric expands Saudi grid with six high-voltage substations

Elsewedy Electric delivers six substations in Saudi Arabia, boosting grid reliability and supporting rising power demand across key regions.

Feyisayo Ajayi Feyisayo Ajayi
Mary Vilakazi, First female Chief Executive Officer of FirstRand, South Africa’s $30 billion banking group.
BusinessExclusiveHot News

Mary Vilakazi: First female CEO of South Africa’s $30 billion lender, FirstRand

From Alexandra to leading a $30 billion lender, Mary Vilakazi’s career reflects a steady rise through some of South Africa’s…

Omokolade Ajayi Omokolade Ajayi
Centum share buyback Kenya
BusinessHot News

Kenyan investment firm Centum completes share buyback, acquires 10.8 million shares

Centum completes share buyback, acquiring 10.8 million shares to strengthen capital structure and boost long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Fani Titi Investec compensation 2025
BusinessHot News

Fani Titi earns $4.51 million as Investec CEO pay drops 36% in 2025

Investec CEO Fani Titi earns $4.51 million in 2025, as compensation drops 35.9% on weaker long-term incentives despite steady leadership.

Feyisayo Ajayi Feyisayo Ajayi
Wema Bank fraud losses Nigeria
BusinessHot News

Wema Bank records $5.3 million fraud exposure as insider risks climb in Nigeria

The disclosure also points to a familiar challenge across Nigeria’s financial system: internal control lapses accounted for the bulk of…

Editorial Team Editorial Team
Barbados
Hot NewsTourism

Top 15 visa-free islands for African travelers

Explore 15 visa-free island paradises where African passport holders can travel hassle-free and experience adventure.

Liquid Intelligent Technologies
BusinessTechnology

10 leading telecom companies driving Mauritius’ connectivity boom

Mauritius’ telecom giants invest heavily in next-gen networks and fintech integration.

Unifreight Africa trailer, part of the company’s logistics operations.
BusinessHot News

Zimbabwe’s Unifreight Africa plans capacity expansion amid tobacco surge

Unifreight Africa plans 2026 expansion to 100 million kilograms capacity as Zimbabwe tobacco output and logistics demand increase.

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

After $132 million loss, Kenya Airways’ bailout hopes fade under tighter rules

Kenya Airways’ recovery faces pressure after a $132.3 million loss, rising debt and stricter global rules limiting state support.

Omokolade Ajayi Omokolade Ajayi
Funeka Montjane salary Standard Bank
BusinessHot News

South African CEO Funeka Montjane pockets $4.2-million from Standard Bank in 2025

Standard Bank’s Funeka Montjane earned $4.2 million in 2025 as PPB drove growth, boosting clients, earnings and group profitability.

Feyisayo Ajayi Feyisayo Ajayi
Nigeria crude export strategy
BusinessHot News

Nigeria’s debut of Cawthorne crude export exposes tension between NNPCL, Dangote refining model

Nigeria’s first Cawthorne crude export to Europe exposes tension between export strategy and Dangote-led domestic refining ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Sunu Bank court ruling Senegal
BusinessHot News

Senegal’s Sunu Bank wins legal battle as Dakar court orders Pharmacie Royale to pay $275,000

Sunu Bank wins Dakar court ruling, securing $275,000 payment as it strengthens credit enforcement and post-acquisition risk controls.

Feyisayo Ajayi Feyisayo Ajayi
Oracle launches first Morocco cloud region, boosting AI and data growth
BusinessTechnology

Oracle launches first hyperscale public cloud region in Morocco

Oracle has opened its first hyperscale public cloud region in Casablanca, marking a significant expansion into Africa’s growing market for cloud computing and artificial intelligence.  The move makes Oracle the first hyperscaler to establish a full-scale cloud presence in North Africa, as global technology firms increase investments across the continent. Demand for cloud services and data storage is rising among…

Oluwatosin Alao Oluwatosin Alao
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