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
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe’s net worth slips $100 million to $3.8 billion

According to Forbes, which tracks global billionaire wealth, Motsepe’s fortune fell by $100 million, moving from $3.9 billion on April…

Omokolade Ajayi Omokolade Ajayi
Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
BusinessHot NewsTechnology

Axian Telecom rises after Oracle deal, ranks among Africa’s fastest-growing firms

The company climbed to No. 63 on the 2026 edition of the Financial Times ranking of Africa’s Fastest-Growing Companies, improving…

Omokolade Ajayi Omokolade Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

Femi Otedola increased his stake in First HoldCo after the lender posted a $233.5 million first-quarter profit, strengthening his influence…

Omokolade Ajayi Omokolade Ajayi
Orascom Construction earnings 2026
BusinessHot News

Orascom opens 2026 with $53.4 million profit as U.S. backlog doubles to $2.9 billion

Orascom Construction posts $53.4 million Q1 profit; U.S. backlog doubles to $2.9 billion; MEA growth

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica targets July results from Namibia oil well test at Kavango West

ReconAfrica advances Namibia oil test at Kavango West, with production results expected by mid-to-late July, boosting frontier energy outlook.

Feyisayo Ajayi Feyisayo Ajayi
Ebenezer Asante MTN salary 2025
BusinessHot News

Ghanaian telecom executive Ebenezer Asante earned $3.2 million from MTN in 2025

MTN executive Ebenezer Asante’s pay jumps 37.6% to $3.2 million in 2025 as telecom giant rebounds to strong profit growth.

Feyisayo Ajayi Feyisayo Ajayi
MeTL Kenya soda plant
BusinessHot News

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola in East Africa

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola and PepsiCo in East Africa through Mo Cola expansion strategy…

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa continues expanding mobile and digital services across African markets as subscriber growth accelerates.
BusinessHot NewsTechnology

Airtel Africa profit tops $800 million as data, mobile money growth accelerates

The London- and Lagos-listed telecoms operator said profit after tax rose 147.4 percent to $813 million in the 2026 financial…

Omokolade Ajayi Omokolade Ajayi
OPEC Fund for International Development.
BusinessGlobal NewsHot News

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

The Treasury said the funding will support parts of its ongoing reform program focused on easing operational challenges in key…

Omokolade Ajayi Omokolade Ajayi
TMG Q1 2026 profit growth
BusinessHot News

Egyptian billionaire Hisham Talaat Moustafa’s TMG Group opens 2026 with $104 million profit

TMG posts $104 million Q1 profit as revenue rises, backlog hits $8.65 billion, reinforcing Egypt real estate leader’s growth outlook.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Aliko Dangote courts Norway’s $2 trillion fund before $50 billion refinery IPO

The talks come as Dangote moves closer to a planned public listing of Dangote Petroleum Refinery & Petrochemicals, a transaction…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s crude output rises in April 2026, nears OPEC quota as exports expand

The improvement reflects output from producing assets and fewer disruptions tied to maintenance work and pipeline interruptions that weighed on…

Omokolade Ajayi Omokolade Ajayi
Elsewedy Electric Q1 profit growth
BusinessHot News

Elsewedy Electric, led by Egyptian billionaire family, opens 2026 with $92 million profit

Elsewedy Electric posts $92 million Q1 profit as revenue surges on cables, engineering projects and fast-growing digital solutions.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam construction contract
BusinessHot News

Hassan Allam-led JV wins $490 million Saudi museum contract

Hassan Allam JV wins $490M Diriyah contract for Saudi Museum of Contemporary Art, advancing Vision 2030 cultural diversification goals.

Feyisayo Ajayi Feyisayo Ajayi
Proparco Axian partnership deal
Hot NewsTechnology

Malagasy businessman Hassanein Hiridjee signs $351 million Proparco deal for Africa infrastructure push

Axian Group signs $351 million partnership with Proparco to expand Africa’s digital infrastructure, energy access, broadband and data centers deal…

Feyisayo Ajayi Feyisayo Ajayi
Ecobank DRC SME financing BII facility
BusinessHot News

Ecobank DRC secures $30 million BII facility to boost SME financing

Ecobank DRC secures $30 million BII facility to expand SME lending, easing credit access and supporting growth across key sectors.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot NewsTechnology

Amid $100 million expansion plan, Redtech ranks among Africa’s fastest-growing companies

The company was ranked 32nd out of 130 firms on the Financial Times Africa’s Fastest Growing Companies 2026 list, produced…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

BUA Group founder Abdul Samad Rabiu crosses $10 billion, third Nigerian billionaire to do so

BUA Group’s Abdul Samad Rabiu crosses $10 billion, ranking as Nigeria’s second-richest and boosting industrial growth.

Four Seasons Cairo luxury hotel
Hot NewsLuxury

Four Seasons Cairo at Nile Plaza: Elegant luxury on the Nile for the wealthy

At a Glance Overlooking the Nile, Four Seasons Cairo stands as one of Egypt’s finest luxury hotels, offering calm elegance in the city’s vibrant heart. From the Four Seasons Nile Plaza to The First Residence, its twin addresses redefine comfort and discretion. Built on refined service and quiet detail, the hotel pairs warmth with wealth, making it a timeless choice…

KFC bets big on South Africa with 100 new restaurant openings
BusinessExclusive

KFC bets big on South Africa with 100 new restaurant openings

KFC, the world's second-largest restaurant chain is planning a major expansion in South Africa, adding 100 new restaurants over the next year as it doubles down on its largest market on the continent. The move is expected to strengthen the chain’s lead in the country’s highly competitive fast-food industry.  The fried chicken brand already operates more than 1,200 outlets in…

Oluwatosin Alao Oluwatosin Alao
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 across key African markets.

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

Bank of Botswana raises rates to 5.5 percent, first African central bank to tighten policy after energy shock fuels inflation pressures across region.

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
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe’s net worth slips $100 million to $3.8 billion

Patrice Motsepe’s fortune declines to 3.8 billion as African Rainbow Minerals shares weaken after recent trading pressure.

Omokolade Ajayi Omokolade Ajayi
Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
BusinessHot NewsTechnology

Axian Telecom rises after Oracle deal, ranks among Africa’s fastest-growing firms

Axian Telecom rises to No. 63 on the 2026 Financial Times list of Africa’s fastest-growing companies under Hassanein Hiridjee, driven by steady expansion across African markets.

Omokolade Ajayi Omokolade Ajayi
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