Uber has approached Delivery Hero with an offer of €33 ($38.3) per share.
BusinessHot NewsTechnology

Uber proposes $11.6 billion bid for Delivery Hero as Prosus, led by South African billionaire Koos Bekker, trims stake

Uber has approached Delivery Hero with an offer of €33 ($38.3) per share, according to people familiar with the matter.

Omokolade Ajayi Omokolade Ajayi
Allan Kilavuka, immediate former Group Managing Director and CEO of Kenya Airways, in an official executive portrait.
BusinessHot News

Allan Kilavuka exits Kenya Airways with $1 million pay as airline posts $132 million loss in 2025

Kilavuka’s total compensation of KSh131.07 million ($1.01 million) included KSh75.4 million ($581,000) in pensions and other benefits, alongside a basic…

Omokolade Ajayi Omokolade Ajayi
Gold nuggets.
BusinessHot News

Zimbabwe restricts small-scale gold mining to citizens, tightening sector rules

The policy is aimed at separating large industrial mining projects from smaller operations reserved for local participants.

Omokolade Ajayi Omokolade Ajayi
Jaiz Bank dividend payout 2025
BusinessHot News

Nigerian banker and lawyer Sa’adat Mohammed set to earn N450 million dividend in 2025

Nigerian banker and lawyer Sa’adat Mohammed is set to earn over N450 million dividend from Jaiz Bank’s 2025 payout on…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu sees $1 billion wiped from net worth in 4 days

The decline follows a sharp run-up in the shares of several major Nigerian companies as investors reacted to stronger corporate…

Omokolade Ajayi Omokolade Ajayi
Orange Mastercard digital payments Africa
BusinessHot News

Orange, Mastercard join forces to accelerate digital payments across seven African markets

Orange, Mastercard partner to expand digital payments across Africa, targeting underserved users with mobile money-linked debit cards.

Feyisayo Ajayi Feyisayo Ajayi
Zak Calisto Karooooo dividend
BusinessHot NewsTechnology

South African tech tycoon Zak Calisto set for $27 million dividend from Karooooo

Karooooo plans a $46 million dividend payout, boosting South African billionaire Zak Calisto’s earnings to $26.9 million.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote and NNPC Group CEO Bashir Bayo Ojulari.
BusinessHot News

NNPC accuses Dangote refinery of monopoly claims as refinery private placement draws $2 billion

NNPC argued that Nigeria’s fuel market still relies on a mix of domestic refining and imports, and that sudden restrictions…

Omokolade Ajayi Omokolade Ajayi
Cape Town-based executive Alan Keet, a regional leader at Apex Group overseeing African operations.
BusinessGlobal NewsHot News

Cape Town-based executive Alan Keet steers Apex Group to $300 billion in South African assets under administration

The growth reflects years of building operational depth in a market where scale, reliability, and client confidence remain central to…

Omokolade Ajayi Omokolade Ajayi
Johann Rupert Richemont profit 2026
BillionairesBusinessHot News

Johann Rupert’s Richemont profit in 2026 tops $4 billion on booming Cartier jewellery sales

Richemont profit topped $4 billion in 2026 as Cartier jewellery demand lifted annual sales to $26 billion.

Feyisayo Ajayi Feyisayo Ajayi
Putprop sells Pretoria asset
BusinessHot News

South Africa’s Putprop sells Pretoria asset for $1.8 million in portfolio reshuffle

Putprop sells Pretoria industrial asset for $1.8 million, advancing portfolio reshuffle and reinvestment into higher-yielding properties.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian monarch and Islamic traditional ruler Lamido Sanusi, the Emir of Kano.
BusinessHot News

Nigerian monarch Lamido Sanusi’s MTN board pay may top N500 million in 2026 on stronger earnings

Over the longer term, disclosures show he has received R22.57 million in total compensation from MTN between 2019 and 2025,…

Omokolade Ajayi Omokolade Ajayi
Melanie Da Costa, CEO-designate of Netcare, a $1.4 billion South African healthcare group, during a corporate leadership transition announcement.
BusinessHot News

South African executive Melanie Da Costa named CEO of $1.4 billion healthcare group, Netcare

As Da Costa prepares to take over, the group is expected to continue expanding beyond its acute hospital business while…

Omokolade Ajayi Omokolade Ajayi
Sky Investments Holding, Egyptian conglomerate expanding investments across ports, logistics, and real estate infrastructure development.
BusinessGlobal NewsHot News

Sky Investments outlines $500 million plan for Egypt’s logistics and ports growth

The largest share of the planned capital, between $300 million and $350 million, will go into logistics and ports.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot News

NCC probe puts FlySafair under scrutiny as Tshepo Mahloele’s Harith advances deal

The NCC added that FlySafair itself has acknowledged that overbooking forms part of its commercial approach.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Path to Seplat Energy chairmanship clears as Tony Elumelu joins board as non-executive director

At the AGM, Seplat board Chairman Udoma Udo Udoma welcomed Elumelu’s appointment, describing it as a reflection of confidence in…

Omokolade Ajayi Omokolade Ajayi
Kudakwashe Tagwirei Masimba stake gain
BusinessHot News

Zimbabwean politician Kudakwashe Tagwirei’s Masimba stake gains $2.7 million on 2026 rally

Tagwirei’s Masimba stake rises $2.7 million as shares surge on Zimbabwe Stock Exchange rally, boosting investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Vision Group Tongaat liquidation assets
BusinessHot News

South African businessman Robert Gumede’s Vision Group to secure Tongaat assets ahead of liquidation hearing

Vision Group moves to secure Tongaat assets as liquidation hearing looms, aiming to protect creditor interests and preserve regional operations.

Feyisayo Ajayi Feyisayo Ajayi
Lowe’s Q1 2026 earnings
BusinessHot News

Lowe’s, led by Black executive Marvin Ellison, opens 2026 with $23 billion in sales as margins narrow

Lowe’s posts $23.1 billion Q1 2026 sales as margins narrow; online growth, Pro demand offset housing market pressure.

Feyisayo Ajayi Feyisayo Ajayi
Movit IFC financing deal
BusinessHot News

Ugandan entrepreneur Simpson Birungi’s Movit to receive $20 million backing for expansion

IFC is weighing up to $20 million for Uganda’s Movit Products to expand manufacturing into Tanzania and scale operations in…

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 payouts report.

Africa’s lowest-income economies
BusinessHot News

10 of Africa’s lowest-income economies in 2025

Africa’s 10 lowest-income countries in 2025 face conflict, weak governance, and climate shocks, yet hold untapped growth potential.

Uber has approached Delivery Hero with an offer of €33 ($38.3) per share.
BusinessHot NewsTechnology

Uber proposes $11.6 billion bid for Delivery Hero as Prosus, led by South African billionaire Koos Bekker, trims stake

Uber’s $11.6 billion bid for Delivery Hero emerges as Prosus trims stake under EU rules and competition intensifies in Europe’s food delivery market.

Omokolade Ajayi Omokolade Ajayi
Sanlam backs African clean energy trader GreenCo with $10 million
BusinessTechnology

Sanlam backs African clean energy trader GreenCo with $10 million

Africa’s clean energy sector is moving beyond the construction of solar and wind projects. Attention is increasingly turning to the systems that allow electricity to be traded more efficiently across borders and delivered to businesses that need reliable power.  That change is attracting investors looking for opportunities in Africa’s growing electricity market. Governments across the region continue to face pressure…

Oluwatosin Alao Oluwatosin Alao
Allan Kilavuka, immediate former Group Managing Director and CEO of Kenya Airways, in an official executive portrait.
BusinessHot News

Allan Kilavuka exits Kenya Airways with $1 million pay as airline posts $132 million loss in 2025

Kenyan business executive Allan Kilavuka exits Kenya Airways with $1.01 million pay as airline posts $132 million loss in 2025.

Omokolade Ajayi Omokolade Ajayi
Gold nuggets.
BusinessHot News

Zimbabwe restricts small-scale gold mining to citizens, tightening sector rules

Zimbabwe restricts small-scale gold mining to citizens in policy shift aimed at boosting local control and retaining mining earnings.

Omokolade Ajayi Omokolade Ajayi
Jaiz Bank dividend payout 2025
BusinessHot News

Nigerian banker and lawyer Sa’adat Mohammed set to earn N450 million dividend in 2025

Nigerian banker and lawyer Sa’adat Mohammed is set to earn over N450 million dividend from Jaiz Bank’s 2025 payout on strong results in 2025.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu sees $1 billion wiped from net worth in 4 days

BUA Cement share decline erases $1 billion from Abdul Samad Rabiu’s net worth in four days, pulling fortune back from recent highs.

Omokolade Ajayi Omokolade Ajayi
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