Botswana Stock Exchange overview
BusinessHot News

Botswana’s top 5 listed companies above $500 million by market value

Botswana Stock Exchange tops $70 billion as five giants in mining, banking, and trade drive liquidity, growth, and regional investor…

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
BusinessHot News

Johannesburg-born banker Kenny Fihla takes $7.6 million pay from Absa in 2025

The payout reflects the scale of his transition between two of the continent’s biggest financial institutions.

Omokolade Ajayi Omokolade Ajayi
KoBold Metals’ Quebec exploration site, part of its North American push into lithium and nickel critical minerals for global energy transition supply chains.
BusinessHot News

Bill Gates-backed firm breaks ground on $2.5bn Zambia copper mine after $50m Congo lithium bet

The start of work at Mingomba comes just weeks after the company disclosed plans to invest $50 million in lithium…

Omokolade Ajayi Omokolade Ajayi
Reinet NAV decline 2026
BillionairesBusinessHot News

Reinet’s net asset falls to $7.7 billion as Johann Rupert’s firm faces market pressure

Reinet posts $7.73 billion NAV as market volatility drives annual decline despite steady long-term growth and diversified portfolio resilience.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu.
BusinessHot News

Tony Elumelu’s Transcorp posts Q1 profit above $27 million on hospitality gains

The group’s latest filing shows profit rose from N36.7 billion ($26.7 million) in the same period a year earlier.

Omokolade Ajayi Omokolade Ajayi
Capitec Gerrie Fourie board return
BusinessHot News

South Africa’s Capitec brings back former CEO Gerrie Fourie to board after cooling-off period

Capitec reappoints former CEO Gerrie Fourie to board after cooling-off period, strengthening governance and continuity amid strong earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Julius Mwale smart city Kenya
BusinessHot News

Julius Mwale’s $2 billion smart-city bet: Rise, ambition, questions surrounding Kenya’s developer

Julius Mwale advances a $2 billion healthcare-led smart city in Kenya, pitching a scalable model while facing scrutiny over execution…

Feyisayo Ajayi Feyisayo Ajayi
Enko Capital impact fund
BusinessHot News

Alain Nkontchou’s Enko Capital backs Angola solar projects with $100 million

Enko Capital deploys $100M fund into Angola’s 72.4MW Luneta solar project, boosting renewable energy capacity and private credit use.

Feyisayo Ajayi Feyisayo Ajayi
Indian billionaire Sunil Bharti Mittal.
BusinessHot NewsTechnology

Indian billionaire Sunil Bharti Mittal’s final corporate move sets up $2B Airtel Money IPO

The proposed listing would mark a significant step in Airtel Africa’s effort to unlock value from its fintech operations as…

Omokolade Ajayi Omokolade Ajayi
IFC Norfund financing
BusinessHot News

IFC, Norfund back $83.2 million Nigeria energy push to reach 500,000 users

Nearly half a million Nigerian households are set to gain power access as IFC and Norfund commit $83.2 million to…

Feyisayo Ajayi Feyisayo Ajayi
DR Congo telecom tower expansion
BusinessHot NewsTechnology

IFC plans $59 million telecom tower financing for Eastcastle in DR Congo

IFC considers $59 million for Eastcastle to expand telecom towers in DR Congo, boosting connectivity and digital inclusion.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man
BillionairesBusinessHot News

Aliko Dangote becomes first African, first Black billionaire worth over $30 billion

The latest estimate comes about six months after Bloomberg reported that the Nigerian businessman and industrialist crossed the $30 billion…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Cygnum Capital’s FEI-OnGrid targets $750 million to expand Africa clean energy investments

FEI-OnGrid targets $750 million fund to scale decentralized renewable energy investments, boosting electricity access across underserved African markets.

Feyisayo Ajayi Feyisayo Ajayi
Aerial view of LUX Grand Baie in Mauritius, a flagship property of LUX Island Resorts under IBL Group’s luxury hospitality and tourism expansion strategy.
BusinessHot NewsLuxury

LUX Island Resorts posts $191 million revenue, higher profit in 9M 2026

Profit for the period increased to MUR1.21 billion ($25.9 million) from MUR1.06 billion ($22.66 million) in the prior year.

Omokolade Ajayi Omokolade Ajayi
UBA House Marina in Lagos, the headquarters of United Bank for Africa.
BusinessHot News

UBA plans 2026 dividend return as loan recovery efforts gain pace

Alawuba said the decision to pause the final dividend followed a directive from the Central Bank of Nigeria requiring lenders…

Omokolade Ajayi Omokolade Ajayi
ARM Boliden nickel offtake deal
BusinessHot News

South African billionaire Patrice Motsepe’s ARM signs Boliden nickel deal to restart Nkomati mine

ARM signs nickel offtake deal with Boliden, advancing plans to restart South Africa’s Nkomati mine and secure European supply chain…

Feyisayo Ajayi Feyisayo Ajayi
Stanbic IBTC Q1 2026 profit
BusinessHot News

Nigeria’s Stanbic IBTC Holdings opens 2026 with $84 million profit

Stanbic IBTC posts $84 million Q1 2026 profit, driven by trading gains, rising fees, and strong non-interest income growth.

Feyisayo Ajayi Feyisayo Ajayi
CAP Plc profit growth
BusinessHot News

Nigeria’s CAP Plc crosses $1 million Q1 profit mark for the first time, under Folasope Aiyesimoju

Nigeria’s CAP Plc crossed $1M Q1 2026 profit for first time, driven by 38% earnings growth under chairman Folasope Aiyesimoju…

Feyisayo Ajayi Feyisayo Ajayi
Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
BusinessHot NewsTechnology

Axian Telecom taps $500 billion U.S. software giant, Oracle, to modernize African operations

Oracle, which has expanded its position in AI-driven enterprise software and cloud services, will provide the digital backbone Axian Telecom…

Omokolade Ajayi Omokolade Ajayi
Sa’adat Mohammed investment loss
BusinessHot News

Nigerian lawyer Sa’adat Mohammed’s Jaiz Bank stake slips below $30 million amid delays in audited report

Sa’adat Mohammed’s Jaiz Bank stake drops below $30 million as share slump and delayed 2025 results weigh on investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Palantir CEO Alex Karp
BusinessHot News

Palantir CEO Alex Karp buys $46 million Miami Mansion  

Palantir CEO Alex Karp has purchased a $46 million waterfront mansion on Miami’s Venetian Islands.

Pick-and-Pay
BusinessHot News

Consumer trends driving digital sales in South Africa

From smartphones to BNPL, consumer trends are pushing digital sales deeper into daily life.

Botswana Stock Exchange overview
BusinessHot News

Botswana’s top 5 listed companies above $500 million by market value

Botswana Stock Exchange tops $70 billion as five giants in mining, banking, and trade drive liquidity, growth, and regional investor appeal.

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
BusinessHot News

Johannesburg-born banker Kenny Fihla takes $7.6 million pay from Absa in 2025

Absa Group paid Kenny Fihla a $7.62 million package in 2025, driven by buyout awards and incentives following his move from Standard Bank.

Omokolade Ajayi Omokolade Ajayi
KoBold Metals’ Quebec exploration site, part of its North American push into lithium and nickel critical minerals for global energy transition supply chains.
BusinessHot News

Bill Gates-backed firm breaks ground on $2.5bn Zambia copper mine after $50m Congo lithium bet

KoBold Metals starts Zambia’s $2.5 billion Mingomba copper mine after expanding into Congo lithium with a $50 million investment.

Omokolade Ajayi Omokolade Ajayi
The Spine
BusinessHot News

7 mega projects powering Egypt’s economic shift in 2026

Egypt’s 2026 mega projects are accelerating investment, jobs, and infrastructure growth, reshaping its economic trajectory.

Timilehin Adejumobi Timilehin Adejumobi
Ethiopia expands telecom, fintech and AI to build East Africa’s tech hub
BusinessTechnology

Ethiopia bets on telecom, fintech, AI to build East Africa’s digital hub

Ethiopia is moving deeper into the digital economy, placing telecom expansion, financial technology and artificial intelligence at the center of its next phase of growth. As internet use rises and mobile payments become more common, the country is positioning technology as a practical tool for business, public services and wider economic development.  That shift is being led by Ethio telecom,…

Oluwatosin Alao Oluwatosin Alao
Reinet NAV decline 2026
BillionairesBusinessHot News

Reinet’s net asset falls to $7.7 billion as Johann Rupert’s firm faces market pressure

Reinet posts $7.73 billion NAV as market volatility drives annual decline despite steady long-term growth and diversified portfolio resilience.

Feyisayo Ajayi Feyisayo Ajayi
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