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…

Omokolade Ajayi Omokolade Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
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…

Omokolade Ajayi Omokolade Ajayi
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

Feyisayo Ajayi Feyisayo Ajayi
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…

Omokolade Ajayi Omokolade Ajayi
Folasope Aiyesimoju drives UAC
BusinessHot News

One of Nigeria’s youngest deal makers, Folasope Aiyesimoju, quietly controls UAC with stake worth $50 million

Folasope Babasola Aiyesimoju is quietly transforming UAC Nigeria, blending CEO control with his $50 million shareholder influence.

Feyisayo Ajayi Feyisayo Ajayi
OCI Global strategic overhaul
BusinessHot News

OCI generates $11.9 billion in strategic overhaul, returns $7 billion to shareholders

OCI generates $11.9 billion from asset sales, returning $7 billion to shareholders amid strategic overhaul and global energy volatility.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

$4.2 billion in African revenue linked to Tony Elumelu Foundation, CEO Somachi Chris-Asoluka says

Over 15 years, the foundation has funded more than 24,000 startups across the continent.

Omokolade Ajayi Omokolade Ajayi
Vizenge Kumwenda NICO stake
BusinessHot News

Malawian tycoon Vizenge Kumwenda’s NICO Holdings stake dips below $50 million after stock decline

Vizenge Kumwenda’s NICO stake falls below $50 million as shares decline, trimming gains after last year’s rally on Malawi Stock…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Shoprite enters community banking, while Nigerian franchise shuts down

Stores once known for long aisles, imported goods and weekend crowds went dark after years of strain.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenya’s Equity Group enters pharmacy business to reduce treatment costs

The decision reflects a simple calculation: medicines account for a large share of clinic expenses, and controlling that supply could…

Omokolade Ajayi Omokolade Ajayi
Sam Darwish IHS share sale
BusinessHot News

IHS CEO Sam Darwish sells $710,000 shares after MTN $6.2 billion deal

IHS Holding CEO Sam Darwish sells $710,000 in shares under trading plan, signaling routine equity move tied to compensation.

Feyisayo Ajayi Feyisayo Ajayi
IFC Atlas Tower Kenya financing
Hot NewsTechnology

IFC backs Atlas Tower Kenya’s expansion with $30 million debt proposal

IFC weighs $30 million debt for Atlas Tower Kenya to expand telecom infrastructure and deploy green energy across underserved regions.

Feyisayo Ajayi Feyisayo Ajayi
Senegal maize productivity project
BusinessHot News

Tolbi secures IFC support to improve Senegal maize yields

IFC backs $600,000 advisory project to boost Senegal’s maize productivity, supporting AgTech firm Tolbi and strengthening food security.

Feyisayo Ajayi Feyisayo Ajayi
Malawi Stock Exchange profitable companies
BusinessHot News

Malawi’s 10 most profitable listed companies in 2025

Malawi Stock Exchange firms post $523.8 million profit in 2025, led by banks, telecoms, and Illovo Sugar’s strong earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
UBA Group partnership
BusinessGlobal NewsHot News

UBA Group, BII partner to unlock trade finance across Africa

UBA, BII join to expand trade finance across Africa, bridging $80 billion gap and boosting SMEs via AfCFTA opportunities.

Feyisayo Ajayi Feyisayo Ajayi
Riyadh airport logistics upgrade
BusinessHot News

Elsewedy Electric’s Rowad begins major logistics upgrade at Riyadh airport

Elsewedy Electric’s Rowad begins major Riyadh airport upgrade, boosting cargo capacity and advancing Saudi Arabia’s logistics ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Fairmont Royal Palm, Marrakech
LuxuryTourism

Inside Fairmont Royal Palm: Marrakech’s ultra-luxury escape

Marrakech’s Fairmont Royal Palm blends Moroccan tradition with global luxury standards.

Microsoft
BusinessHot News

10 multinational companies betting big on South Africa

Major global firms are betting on South Africa’s markets, talent and long-term reform trajectory.

BusinessHot News

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

Egypt plans $1.3 billion arrears payment to international oil firms by June, easing energy strains and boosting investor confidence.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

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

Equity Group tops Kenya’s most valuable brands as profit rises 54.6 percent and regional growth drives earnings diversification.

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

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

Aliko Dangote’s $20 billion Lagos refinery becomes a key jet fuel source amid global supply chain pressures.

Omokolade Ajayi Omokolade Ajayi
Show More