Fawry acquisitions Egypt
BusinessHot News

Egypt’s Fawry targets fintech acquisitions worth $2.4 million

Fawry is in talks to acquire $2.4 million tech firms to expand its fintech ecosystem and strengthen Egypt payments infrastructure…

Feyisayo Ajayi Feyisayo Ajayi
MTN CEO Pay 2025
BusinessHot News

MTN Group CEO Ralph Mupita takes $6 million pay in 2025

MTN Group CEO Ralph Mupita's pay rose 53% to nearly $6 million in 2025 as profit rebounded to $2.8 billion…

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend 2025
BillionairesBusinessHot News

Nigerian oil tycoon Mohammed Indimi set to earn $1 million dividend in 2025

Oil tycoon Mohammed Indimi to bag $1.05 million dividend from Jaiz Bank in 2025 after strong earnings and rising shareholder…

Feyisayo Ajayi Feyisayo Ajayi
Dangote Ethiopia fertiliser expansion
BillionairesBusinessHot News

Africa’s richest man, Aliko Dangote, expands Ethiopia fertiliser bet to over $4 billion

Dangote raises Ethiopia fertiliser investment above $4 billion, expanding integrated agro-industrial production infrastructure project.

Feyisayo Ajayi Feyisayo Ajayi
Safaricom 25-year licence Kenya
BusinessHot News

Safaricom’s licence costs rose to $127 million after securing a 25-year permit in Kenya

Safaricom pays $127 million for 25-year licence, boosting regulatory certainty and supporting long-term telecom, broadband and fintech growth.

Feyisayo Ajayi Feyisayo Ajayi
Accelerate Bosveld Mall sale cancellation
BusinessHot News

South Africa’s Accelerate cancels $4.8 million Bosveld Mall sale after buyer withdrawal

Accelerate cancels $4.8 million Bosveld Mall sale after buyer withdraws, weighing legal action and restarting search for new investors.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu
BusinessExclusiveHot News

Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

Elumelu argued that Africa’s transformation hinges on two foundational investments — electricity and infrastructure — and that private capital must…

Editorial Team Editorial Team
Credit Bank loan recovery Kenya
BusinessHot News

Kenya’s Credit Bank wins bid to sell properties tied to Mui Basin coal project

Kenya’s Credit Bank wins court approval to recover Ksh80 million ($618,529) from Mui Basin coal investors through sale of Uthiru…

Feyisayo Ajayi Feyisayo Ajayi
Biggest farms Egypt
BusinessHot News

10 biggest farms in Egypt

Egypt’s largest farms span desert reclamation and Nile corridors, boosting food security, exports and agribusiness growth nationwide today.

Feyisayo Ajayi Feyisayo Ajayi
Haib copper project
BusinessHot News

Koryx Copper expands Namibia’s Haib project with strong drill results

Koryx Copper reports strong drill results at Namibia’s Haib project, expanding mineralization and advancing 2026 development studies program.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank Q1 2026 profit
BusinessHot News

Jaiz Bank posts $5.7 million Q1 2026 profit after regulatory delays

Jaiz Bank posts $5.72 million Q1 profit, driven by sukuk income, rising deposits, and growing demand for Islamic banking products.

Feyisayo Ajayi Feyisayo Ajayi
IFC Africa Go Green Fund investment
BusinessHot News

IFC plans $23 million investment in Africa Go Green renewable fund 

IFC eyes $23 million follow-on investment in Africa Go Green Fund to expand renewable energy, green housing, and energy efficiency…

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa telecom expansion
BillionairesBusinessHot News

World Bank plans $150 million Airtel Africa expansion in Congo, Kenya

IFC plans $150 million financing for Airtel Africa to expand telecom networks and refinance debt in Congo and Kenya markets.

Feyisayo Ajayi Feyisayo Ajayi
Proparco I&M Bank Rwanda MSME partnership
BusinessHot News

I&M Group’s Rwanda arm secures $29 million Proparco MSME partnership

I&M Bank Rwanda secures $29.06 million Proparco guarantee to expand MSME lending, targeting women, youth, and high-impact sectors.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend 2025
BillionairesBusinessHot News

Nigerian oil tycoon Mohammed Indimi’s Jaiz Bank stake slips under $100 million

Jaiz Bank stake held by Mohammed Indimi falls below $100 million as shares drop 37% amid reporting delays and weak…

Feyisayo Ajayi Feyisayo Ajayi
MCB Group nine-month profit
BusinessHot News

MCB Group’s nine-month profit hits $314 million amid tax surge

MCB Group posts $314 million nine-month profit as higher taxes offset strong operating income and improved asset quality.

Feyisayo Ajayi Feyisayo Ajayi
Tsogo Sun buyback program
Hot NewsLuxury

South Africa’s Tsogo Sun expands share buyback to $30 million amid stock decline

Tsogo Sun expanded its share buyback to $30.2 million, repurchasing nearly 40 million shares amid a 33% stock decline in…

Feyisayo Ajayi Feyisayo Ajayi
Co-op Bank Q1 2026 profit
BusinessHot News

Co-op Bank opens 2026 with $65 million under Gideon Muriuki

Co-op Bank posts $65 million Q1 profit as digital lending, deposits, and interest income growth drive strong earnings under Gideon…

Feyisayo Ajayi Feyisayo Ajayi
MTN CFO Tsholofelo Molefe salary 2025
BusinessHot News

South African executive Tsholofelo Molefe takes $3.2-million pay from MTN in 2025

MTN CFO Tsholofelo Molefe’s pay jumped to $3.2 million in 2025 as the telecom giant rebounded to profit and expanded…

Feyisayo Ajayi Feyisayo Ajayi
Botswana's capital city.
BusinessGlobal NewsHot News

Bank of Botswana raises rates, first African central bank to act since war shock

The decision reflects growing concern over inflation pressures that have started to build across fuel, transport, and essential services.

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

Africa’s oldest billionaire hits $10.4 billion after $1.55 billion bid fails

Natie Kirsh adds $734 million in 2026, pushing Africa’s oldest billionaire to $10.4 billion despite $1.55 billion bid fallout.

Imperial drilling rig arrives at Conoil’s OML 150
BusinessHot News

Imperial rig arrives at Conoil’s Obodo-J slot to boost output

Imperial drilling rig arrives at Conoil’s OML 150, boosting Obodo field output and signaling growth in Nigeria’s offshore oil sector.

South Africa regulator strips HSBC of forex license after 30 years
BusinessHot News

South Africa regulator strips HSBC of forex license after 30 years

South African Reserve Bank Financial Surveillance Department has revoked the Johannesburg branch of HSBC as an authorised foreign exchange dealer, ending a relationship that stretched for more than three decades. The decision removes one of the lender’s remaining regulatory links to the country.  The move reflects a broader shift among global banks reassessing their presence in parts of Africa and…

Oluwatosin Alao Oluwatosin Alao
The SPAR
BusinessHot News

South Africa’s SPAR exits UK market in $17.4 million disposal deal

SPAR Group exits UK in $17.4 million disposal, selling 71 stores as it shifts focus to Africa and Ireland, cutting debt and restructuring.

Timilehin Adejumobi Timilehin Adejumobi
Fawry acquisitions Egypt
BusinessHot News

Egypt’s Fawry targets fintech acquisitions worth $2.4 million

Fawry is in talks to acquire $2.4 million tech firms to expand its fintech ecosystem and strengthen Egypt payments infrastructure deal push grows

Feyisayo Ajayi Feyisayo Ajayi
Hilton expands South Africa footprint with new KwaZulu-Natal Tapestry hotel
BusinessTourism

Hilton expands South Africa footprint with new KwaZulu-Natal Tapestry hotel

Hilton is expanding deeper into South Africa’s tourism market with a new hotel project in KwaZulu-Natal, a province known for its wildlife, beaches and cultural attractions.  The global hospitality group announced the signing of Umfolozi River Hotel, KwaZulu-Natal, Tapestry Collection by Hilton, in partnership with Umfolozi Hotel and Spa. The hotel will be built in Mtubatuba in northern KwaZulu-Natal and…

Oluwatosin Alao Oluwatosin Alao
MTN CEO Pay 2025
BusinessHot News

MTN Group CEO Ralph Mupita takes $6 million pay in 2025

MTN Group CEO Ralph Mupita's pay rose 53% to nearly $6 million in 2025 as profit rebounded to $2.8 billion on strong group performance and recovery

Feyisayo Ajayi Feyisayo Ajayi
Bankenveld District City
BusinessLuxury

Calgro M3 breaks ground on $1 billion Bankenveld City near Sandton

Calgro M3 starts $1 billion Bankenveld City near Sandton, a mixed-use development set to deliver 20,000 homes and infrastructure in Johannesburg.

Timilehin Adejumobi Timilehin Adejumobi
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