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Nigeria moves to capitalize on oil surge amid global supply tensions

The country plans to increase oil production by about 100,000 barrels per day in the coming months.

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BusinessHot News

ADvTECH’s Africa expansion lifts operating profit past $120 million in 2025

The education division remained the main driver, with revenue up 13 percent as more students enrolled across both school and…

Omokolade Ajayi Omokolade Ajayi
Razack Adeola Sterling Bank
BusinessHot News

Meet Nigerian banker Razack Adeola: Sterling Bank chairman with stake worth nearly $90 million

Nigerian banker Razack Adeola built Sterling Bank influence with a $86.7 million stake, shaping growth and long-term shareholder value.

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Hot NewsTechnology

Cameroonian tech investor Eunice Ajim seeks $20 million to back Africa’s next fintech winners

The raise follows a string of outcomes that have helped sharpen her case to investors.

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Enko Education $22 million funding
BusinessHot News

Cameroonian Cyrille Nkontchou’s Enko Education secures $22 million from Standard Bank for African expansion

Enko Education secures $22 million from Standard Bank to expand across Africa, boosting access to high-quality, global education.

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IFC telecom power Africa
BusinessHot News

IFC invests $45 million in clean telecom power to boost Africa connectivity

IFC commits $45 million to IPT PowerTech to expand clean telecom power, boosting connectivity across Ethiopia, Liberia, and Sierra Leone.

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Hot NewsTechnology

Nigeria’s fintech unicorn Moniepoint acquires restaurant management platform Orda

Orda will be rebranded as Moniebook for Restaurants and folded into Moniebook, Moniepoint’s business management platform.

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BusinessHot News

Kenya Airways’ bookings climb, providing temporary relief from $2.4 billion liabilities

The carrier said that bookings have climbed sharply in recent weeks, helped in part by disruptions tied to the ongoing…

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ExclusiveHot News

Sandile Zungu: KZN businessman behind South Africa’s $10 billion lottery, sports license

Zungu's career reflects a consistent approach grounded in execution and long-term thinking.

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Nigerian monarch Lamido Sanusi’s MTN earnings reach N1.5 billion over seven years

Recent findings by Shore.Africa show that the Emir of Kano received a total of R22.57 million in board-related compensation from…

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Safwan Thabet Juhayna losses
BusinessHot News

Egyptian mogul Safwan Thabet hit by $40.8 million loss from Juhayna stake

Safwan Thabet loses $40.75 million in 46 days as Juhayna shares drop 14.45%, dragging down the value of his majority…

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Africa richest hotel owners
Hot NewsLuxury

10 of Africa’s richest hotel owners in 2026

Africa’s richest hotel owners are reshaping luxury hospitality, driving tourism growth and building world-class hotel empires across the continent.

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BusinessHot News

Egypt to pay $1.3 billion in oil company arrears by June amid energy crunch

By June 30, 2024, Egypt owed $6.1 billion to foreign oil companies, a gap driven by a persistent shortage of…

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BusinessHot News

Equity Group emerges Kenya’s most valuable brand in global ranking

Brand Finance said the ranking reflects customer perception of the bank and its growth prospects.

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Dangote refinery fuel price increase
BusinessHot News

Aliko Dangote’s refinery becomes key as Europe, Africa face fuel supply strain

The Nigerian billionaire’s facility, which produces 650,000 barrels per day, has drawn attention not only from African governments but increasingly…

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Hot NewsTechnology

South Africa’s largest single-phase solar project secures Standard Bank backing

Once operational, Notsi is expected to generate around 1.5 million megawatt-hours of electricity annually, enough to power roughly 140,000 households.

Omokolade Ajayi Omokolade Ajayi
Choppies share price retreat
BusinessHot News

Botswana tycoon, Ramachandran Ottapathu, loses $4.7 million amid Choppies’ modest share decline

Choppies shares plunge 7%, wiping $4.7 million from Ramachandran Ottapathu’s stake amid investors selloff.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Gold slump cuts $700 million from South African billionaire Patrice Motsepe’s fortune

Since Jan. 26, Motsepe’s net worth has fallen from $4.4 billion to $3.7 billion — a $700 million drop in…

Omokolade Ajayi Omokolade Ajayi
Africa fastest women athletes
Hot NewsSports

10 of Africa’s fastest women athletes

Africa’s fastest women are redefining global sprinting, led by record breakers and rising stars dominating track events worldwide

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ExclusiveHot News

Nigerian President praises Tony Elumelu on 63rd birthday as TEF lifts 2.1 million Africans out of poverty

In a statement honoring Elumelu, President Tinubu described him as an African business icon and a tireless advocate for Nigerian…

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Dangote Cement 2025 tax payment
BusinessHot News

Aliko Dangote’s cement business hauls in $3.2 billion revenue in 2025

Dangote Cement posts $3.16 billion revenue in 2025, with record profit $745.5 million, driven by Nigeria, efficiency, and Pan-African growth

Choppies Enterprises
BusinessHot News

How PwC’s audit delay wiped over $250 million off Choppies’ market value in 2018

PwC’s audit delay erased $253 million in Choppies’ value, exposing governance flaws and investor risks in 2018.

BusinessHot News

Nigeria moves to capitalize on oil surge amid global supply tensions

Nigeria plans to boost oil production amid global supply tensions, aiming to increase output and benefit from rising crude prices.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

ADvTECH’s Africa expansion lifts operating profit past $120 million in 2025

ADvTECH Group, Africa’s largest private education provider, reported its strongest results to date, crossing the $120 million mark in operating profit for the year ended Dec. 31, 2025. The company said operating profit rose 14 percent to R2.04 billion ($120.7 million), up from R1.8 billion ($106.5 million) a year earlier, as steady enrollment gains and measured fee increases supported growth…

Omokolade Ajayi Omokolade Ajayi
Razack Adeola Sterling Bank
BusinessHot News

Meet Nigerian banker Razack Adeola: Sterling Bank chairman with stake worth nearly $90 million

Nigerian banker Razack Adeola built Sterling Bank influence with a $86.7 million stake, shaping growth and long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
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