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
Medhat Khalil Raya Holding stake surge
BusinessHot News

Egyptian tycoon Medhat Khalil’s family gains $173 million from Raya Holding in 2026

Medhat Khalil’s Raya stake jumps $173 million as shares rally on Egypt’s exchange, nearing a $350 million valuation in 2026.

Feyisayo Ajayi Feyisayo Ajayi
BlackRock Clicks Group stake
BusinessHot News

BlackRock’s Sibanye stake drops $64 million 48 hours after raising stake to $659 million

BlackRock’s Sibanye‑Stillwater stake drops $64 million days after topping 5%, highlighting market volatility in precious metals shares.

Jaiz Bank billionaire investors
BusinessHot News

Seven largest investors in Jaiz Bank made over $44 million in 2025

Seven Nigerian billionaires’ Jaiz Bank stakes rebounded over $44 million in 2025 as shares surged on NGX, reversing steep losses from 2024.

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
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 payouts report.

Feyisayo Ajayi Feyisayo Ajayi
Absa eyes yuan platform amid booming China-Africa trade
BusinessGlobal News

Absa eyes yuan platform amid booming China-Africa trade

China’s growing trade ties with Africa are pushing some of the continent’s biggest lenders to rethink how cross-border payments are handled. As businesses search for faster and cheaper ways to pay Chinese suppliers, banks are beginning to look beyond the U.S. dollar.  Absa Group, the Johannesburg-based financial services provider, is among the latest lenders considering a direct link to China’s…

Oluwatosin Alao Oluwatosin Alao
Anglo Australian steelmaking coal mines
BusinessHot News

Anglo American plans $3.8 billion sale of Australian coal mines 

Anglo American agrees to sell its Australian coal mines for up to $3.88 billion, accelerating its shift toward copper and debt reduction.

Timilehin Adejumobi Timilehin Adejumobi
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
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