Nigerian billionaire Abdul Samad Rabiu
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu’s net worth hits $14 billion

Rabiu, who founded BUA Group, holds major stakes in two of Nigeria’s largest listed manufacturers: BUA Cement and BUA Foods.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Transcorp Power posts $22 million Q1 profit, assets top $450 million

The company’s unaudited results for the period ended March 31 show total assets rising above $450 million, underlining balance-sheet growth.

Omokolade Ajayi Omokolade Ajayi
Johann Rupert, chairman of Richemont and Remgro Limited.
BillionairesBusinessHot News

South Africa’s richest man, Johann Rupert, loses $900 million as Richemont shares fall

The drop has pushed him out of the world’s top 150 richest individuals, according to the Bloomberg Billionaires Index.

Omokolade Ajayi Omokolade Ajayi
Ninety One MTN stake increase
BusinessHot News

Ninety One joins top investors in MTN Group with more than $1 billion stake

Ninety One lifts MTN stake above $1 billion, joining top shareholders as investor confidence in Africa’s telecom giant strengthens.

Feyisayo Ajayi Feyisayo Ajayi
Narok County
Hot NewsTourism

Tourism dispute emerges in Kenya’s Narok County as MGM Muthu flags access concerns

MGM Muthu flags restricted resort access in Kenya’s Narok County, citing a land dispute that disrupted operations and affected international…

Feyisayo Ajayi Feyisayo Ajayi
One of UBA's branches, representing the bank’s retail banking network across its pan-African operations.
BusinessHot News

UBA posts $591 million gross earnings in Q1 2026 as recovery gains pace

The bank’s gross earnings for the three months ended March 2026 climbed to N801.46 billion ($591.1 million), up from N764.31…

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

Kenny Fihla: Johannesburg-born banker leading $125 billion pan-African banking giant, Absa Group

Kenny Fihla’s leadership sits at the intersection of decades of public sector experience, investment banking execution, and regional financial oversight.

Omokolade Ajayi Omokolade Ajayi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
BusinessHot News

World’s top cobalt producer, Congo, unveils $100 million US-backed guard for mine security

The program, announced by the country’s mines inspectorate, is being financed through a $100 million arrangement supported by the U.S.…

Omokolade Ajayi Omokolade Ajayi
Sun Pharma Organon acquisition
BusinessHot News

Sun Pharma’s $11.75 billion Organon deal set to reshape Kenyan drug market

Sun Pharma’s $11.75 billion Organon deal reshapes global pharma, with ripple effects for Kenya’s drug access and pricing dynamics.

Feyisayo Ajayi Feyisayo Ajayi
alt="Saki Macozoma mining empire">
BusinessHot News

Saki Macozoma’s rise: Prisoner to mining mogul in South Africa

Saki Macozoma rose from Robben Island prisoner to mining mogul, shaping South Africa’s post-apartheid business and investment landscape.

Feyisayo Ajayi Feyisayo Ajayi
CIC Group debt repayment
BusinessHot News

Kenya’s CIC Group clears $10.3 million Co-operative Bank debt to boost East Africa growth

CIC Group repays $10.3 million Co-operative Bank loan, cutting debt, boosting solvency and positioning for growth across East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Tanzania deep-sea fishing vessel
BusinessHot News

Tanzania launches $7.68 million deep-sea vessel to revive state fishing firm, curb illegal catch losses

Tanzania launches $7.68 million deep-sea vessel to revive TAFICO, curb illegal fishing losses and boost blue economy drive in Dar…

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju NGX portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju closes in on $150 million NGX portfolio value

Folasope Aiyesimoju, Nigeria’s youngest dealmaker, nears $150 million NGX portfolio value as UACN and CAP rally adds nearly $50 million…

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

UBA posts $2.4 billion gross earnings; Tony Elumelu raises stake

For Tony Elumelu, 2025 was not only about operating performance but also about ownership.

Omokolade Ajayi Omokolade Ajayi
Emira Octodec stake
BusinessHot News

Emira boosts Octodec stake with $2.9 million share purchase, trims voluntary offer

Emira adds $2.9 million to Octodec stake, trims offer size as it nears 35% ownership threshold in South Africa’s property…

Feyisayo Ajayi Feyisayo Ajayi
Hulamin extrusions business sale
BusinessHot News

South Africa’s Hulamin sells extrusions unit following net loss of $2.2 million

Hulamin to sell loss-making extrusions unit for over half a million dollars, sharpening focus on core rolled products and improving…

Feyisayo Ajayi Feyisayo Ajayi
FAPCL mall sale Kenya
BusinessHot NewsLuxury

Dias Family’s FAPCL puts high-yield Kenyan mall generating nearly $1 million up for sale

FAPCL Group lists a high-occupancy Kenyan mall for sale, signaling strong investor appetite for income-generating retail assets.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

IFC’s nearly $1 million play set to rewrite who gets credit in emerging markets of Cameroon

IFC advances $950,000 advisory in Cameroon to help SMEs become investment-ready and improve access to credit in constrained markets.

Feyisayo Ajayi Feyisayo Ajayi
IFC livestock value chain financing
BusinessHot News

Alema Koudijs Feed gets $10 million IFC loan to expand feed production in Ethiopia

IFC proposes $10M loan to Alema Koudijs Feed to expand Ethiopia feed mill, boosting livestock value chain and cutting imports…

Feyisayo Ajayi Feyisayo Ajayi
Ivan Glasenberg Glencore dividend
BusinessGlobal NewsHot News

South African billionaire Ivan Glasenberg to pocket $207 million from Glencore dividend payout

Glencore’s $2.24 billion dividend hands Ivan Glasenberg a $207.3 million payout, underscoring strong returns despite mixed earnings.

Feyisayo Ajayi Feyisayo Ajayi
Castaway Center all-inclusive @ Four seasons resort, Desroches, Seychelles
LuxuryTourism

Inside Four Seasons Desroches, Seychelles’ exclusive island resort

Luxury unfolds on Seychelles’ secluded Desroches Island, with beachfront villas, eco-conscious living, and family-friendly space.

Atlas mountains, Morocco
LuxuryTourism

10 luxury experiences in the Atlas mountains

Luxury reaches new heights in Morocco’s Atlas Mountains, blending culture, calm, and adventure.

Nigerian billionaire Abdul Samad Rabiu
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu’s net worth hits $14 billion

Abdul Samad Rabiu’s net worth rises to $14 billion as gains in BUA Cement and BUA Foods strengthen his position among Africa’s richest billionaires.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Transcorp Power posts $22 million Q1 profit, assets top $450 million

Transcorp Power posts N29.7 billion ($22 million) profit in Q1 2026 as gas shortages hit output, while assets rise above $450 million despite revenue pressure.

Omokolade Ajayi Omokolade Ajayi
Johann Rupert, chairman of Richemont and Remgro Limited.
BillionairesBusinessHot News

South Africa’s richest man, Johann Rupert, loses $900 million as Richemont shares fall

South African billionaire Johann Rupert loses $900 million in 10 days as Richemont shares fall, cutting his net worth.

Omokolade Ajayi Omokolade Ajayi
ZITF 2026
BusinessHot News

ZITF 2026 generates over $600 million in business on record demand

Zimbabwe’s ZITF 2026 secures $600m in deals, with record participation, full capacity use and strong investor interest.

Timilehin Adejumobi Timilehin Adejumobi
Ninety One MTN stake increase
BusinessHot News

Ninety One joins top investors in MTN Group with more than $1 billion stake

Ninety One lifts MTN stake above $1 billion, joining top shareholders as investor confidence in Africa’s telecom giant strengthens.

Feyisayo Ajayi Feyisayo Ajayi
Nokia launches Cairo hub to drive growth across Africa and Middle East
BusinessTechnology

Nokia opens Cairo hub to expand operations across Africa and Middle East

Nokia is expanding its presence in Egypt, choosing Cairo as the base for a new regional operations hub that will support customers across the Middle East and Africa.  The decision comes as telecom companies face rising demand for stronger networks, faster response times and more reliable digital services. Growth in 5G, wider cloud adoption and heavier data use are pushing…

Oluwatosin Alao Oluwatosin Alao
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