Ecobank
BusinessHot News

After $594 million profit Ecobank targets $350 million debt raise, sustainability

The proposed notes will qualify as Tier 2 capital and will primarily support the refinancing of its existing $350 million…

Omokolade Ajayi Omokolade Ajayi
Vhernier boutiques China expansion
Hot NewsLuxury

Richemont expands Vhernier luxury boutiques in China

Richemont opens Vhernier boutiques in Beijing and Shanghai, deepening push as luxury demand grows in China, expanding its Asia strategy.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement
BusinessHot News

Dangote Cement becomes Nigeria’s most valuable company as London listing looms

Dangote Cement now sits ahead of other major Nigerian listed firms in terms of market cap, including BUA Foods and…

Omokolade Ajayi Omokolade Ajayi
IFC Bank of Africa DRC
BusinessHot News

Bank of Africa DRC gets $5 million IFC-backed trade finance facility

IFC weighs $5 million trade finance facility for Bank of Africa DRC to boost SME imports, exports, and ease Congo’s…

Feyisayo Ajayi Feyisayo Ajayi
Admaius Africa growth fund
BusinessHot News

Rwanda-based Admaius launches $500 million for African equity expansion

Admaius launches $500 million African growth fund as IFC weighs $25 million backing for expansion across key sectors and major…

Feyisayo Ajayi Feyisayo Ajayi
Peter Ndegwa, CEO of Safaricom.
BusinessHot NewsTechnology

Kenyan court orders Safaricom to pay software developer $10.8 million in M-Pesa copyright case

The court also went further, directing Safaricom and Beluga Limited to pay Muoki 0.5 percent of gross annual M-Pesa revenue…

Omokolade Ajayi Omokolade Ajayi
AngloGold Ashanti buyback
BusinessHot News

AngloGold Ashanti opens 2026 with $1.5 billion profit, unveils $2 billion buyback

AngloGold Ashanti Plc. posts $1.2 billion record cash flow, unveils $2 billion buyback as gold prices surge

Feyisayo Ajayi Feyisayo Ajayi
Nedbank NCBA takeover offer
BusinessHot News

NCBA shareholders to get $16.3 cash plus Nedbank shares under $856 million takeover offer

Nedbank advances NCBA takeover, offering shareholders cash payouts and Johannesburg-listed shares under proposed acquisition.

Feyisayo Ajayi Feyisayo Ajayi
African billionaires: Nassef, Patrice and Johann
BusinessSports

Africa’s richest club owners influence global football industry

African billionaires including Patrice Motsepe and Nassef Sawiris are reshaping global football through club ownership, and investments.

Timilehin Adejumobi Timilehin Adejumobi
Sibanye-Stillwater bond offering
BusinessHot News

South Africa’s Sibanye-Stillwater targets lower debt with $500 million bond offering

Sibanye-Stillwater launched a $500 million bond offering to cut debt and strengthen balance sheet flexibility.

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire to pocket $2 million interim dividend from MTN

The dividend announcement comes at a time when MTN Uganda is navigating a more demanding operating environment.

Omokolade Ajayi Omokolade Ajayi
African Rainbow Minerals executives
BusinessHot News

ARM top executives offload $3.1 million in shares following Patrice Motsepe’s retirement

ARM executives sell $3.1M in shares after Motsepe’s chairman transition, signaling governance shift and investor scrutiny.

Feyisayo Ajayi Feyisayo Ajayi
Taryn Woodbridge Mercedes-Benz South Africa CEO
BusinessHot News

South African executive Taryn Woodbridge named first female CEO of Mercedes-Benz South Africa

Mercedes-Benz South Africa names Taryn Woodbridge first female CEO, effective June 1, marking a historic leadership milestone at the automaker.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Michiel Le Roux.
BillionairesBusinessHot News

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in…

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BillionairesBusinessHot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

The deal highlights continued interest in Kenya’s banking sector, where foreign and regional lenders have remained active buyers of local…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Wiese-linked entities execute $57 million Shoprite share swap, expanding derivatives exposure tied to Africa’s largest retailer.

Feyisayo Ajayi Feyisayo Ajayi
Safaricom earnings results 2026
BusinessHot NewsTechnology

Safaricom posts $570.7 million profit as Ethiopia expansion drives growth in 2026

Safaricom reports $570.7 million profit as Ethiopia expansion and M-PESA growth lift revenue to $3.31 billion for FY26, data growth…

Feyisayo Ajayi Feyisayo Ajayi
IHS Towers Brazil fiber sale
BusinessHot NewsTechnology

Sam Darwish’s IHS Towers closes $452.6 million Brazil fiber asset sale

IHS Towers sells $452.6 million Brazil fiber stake to TIM, sharpening focus on higher-margin telecom infrastructure assets.

Feyisayo Ajayi Feyisayo Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

DTB completes $9.8 million Burundi sale, ends 16-year market presence

The sale was part of a structured transfer of its shares to a consortium of local investors in Burundi, led…

Omokolade Ajayi Omokolade Ajayi
ADvTECH $1.5 billion market cap
BusinessHot News

ADvTECH, Africa’s largest private education provider, tops $1.5 billion market cap

ADvTECH tops $1.5 billion market cap as student demand, acquisitions and strong earnings lift Africa’s largest private education group.

Feyisayo Ajayi Feyisayo Ajayi
Spinneys Egypt
BusinessHot News

Spinneys Egypt expands Cairo footprint with $1.6 million modern retail investment

Spinneys Egypt grows footprint with latest 1,400-sqm outlet launch.

Mequfi Beach Resort
LuxuryTourism

Mequfi Beach Resort: Mozambique’s Indian ocean jewel

Set on the Indian Ocean, Mequfi Beach Resort pairs barefoot elegance with eco-focused luxury.

GrandWest Mall begins construction in Cape Town on $39 million retail hub project
BusinessLuxury

Construction starts on $39 million GrandWest Mall project in South Africa

South Africa’s retail property sector is set for a major addition as construction begins on the R650 million ($39 million) GrandWest Mall in Cape Town, a development expected to strengthen one of the city’s busiest entertainment and commercial hubs.  The project moved into its building phase after the transfer of land to a joint venture between Flanagan & Gerard Property…

Oluwatosin Alao Oluwatosin Alao
Landgate Investments Limited
BusinessLuxury

Landgate expands Nigeria housing footprint with 800 new homes in pipeline

Landgate expands housing in Lagos and Ogun with over 800 homes, including student hostels and estates across key growth corridors in Nigeria.

Timilehin Adejumobi Timilehin Adejumobi
Ecobank
BusinessHot News

After $594 million profit Ecobank targets $350 million debt raise, sustainability

Ecobank is tapping global debt markets with a $350 million Tier 2 issuance to refinance existing notes and fund sustainability-linked financing across Africa.

Omokolade Ajayi Omokolade Ajayi
Dangote Cement
BusinessHot News

Dangote Cement becomes Nigeria’s most valuable company as London listing looms

Dangote Cement becomes Nigeria’s most valuable listed company with a $13.4 billion market cap share surge aligns with London listing plans under consideration.

Omokolade Ajayi Omokolade Ajayi
IFC Bank of Africa DRC
BusinessHot News

Bank of Africa DRC gets $5 million IFC-backed trade finance facility

IFC weighs $5 million trade finance facility for Bank of Africa DRC to boost SME imports, exports, and ease Congo’s trade funding gap.

Feyisayo Ajayi Feyisayo Ajayi
First National Bank
BusinessHot News

FNB backs Cape Town luxury real estate project with $61 million

FNB commits $61 million to Cape Town’s Paradigm luxury project, signaling strong demand for prime city-centre residential property.

Timilehin Adejumobi Timilehin Adejumobi
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