MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining cedes majority control to KDG in a $90 million deal 

MC Mining hands KDG a 51% stake in a $90 million deal, accelerating development of South Africa’s Makhado coal project.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Mauritius eyes 100 wealthy investors a year with golden visa push

The move comes as countries compete more selectively for wealthy migrants, even as some governments tighten rules around similar visa…

Omokolade Ajayi Omokolade Ajayi
Warren Buffett, chairman of Berkshire Hathaway and global investor.
BillionairesHot News

World’s richest investor Warren Buffett backs Kenya with $59 million over two years

The grant to Kenya’s State Department of Medical Services ranks third among expected external inflows in the coming fiscal year.

Omokolade Ajayi Omokolade Ajayi
Absa Kenya asset financing for SMEs
BusinessHot News

Absa Kenya plans $774 million asset finance push to spur SME growth

Absa Bank Kenya rolls out $774 million asset finance program to boost SME growth, offering full equipment funding amid tight…

Feyisayo Ajayi Feyisayo Ajayi
Presco Plc, Nigeria’s leading palm oil producer.
BusinessHot News

Nigeria’s Presco declares $11 million dividend as 2025 profit hits $88.7 million

The payout follows a sharp rise in profit, underlining the company’s ability to convert higher sales into earnings and return…

Omokolade Ajayi Omokolade Ajayi
Evanson Njenga CFG Isuzu Kenya
ExclusiveHot News

Kenyan businessman Evanson Njenga, prominent Isuzu dealer, dies at 90

Evanson Njenga, founder of CFG and key Isuzu dealer, dies at 90, leaving a four-decade legacy in Kenya’s automotive sector.

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju’s portfolio on the Nigerian Exchange nears $200 million

Aiyesimoju’s stakes in UACN, CAP and UPDC near $200 million as dividend demand drives Nigerian equities rally.

Feyisayo Ajayi Feyisayo Ajayi
Edita $9.3 million loan Egypt
BusinessHot News

Egypt’s Edita secures $9.3 million loan to expand production capacity

Edita secures $9.3 million loan to boost production capacity after strong earnings growth and rising demand for packaged foods in…

Feyisayo Ajayi Feyisayo Ajayi
Jim Ovia, founder and former chairman of Zenith Bank.
BusinessHot News

After growing Zenith Bank to $23 billion in assets, Nigerian banking titan Jim Ovia retires

The announcement came during the lender’s 35th Annual General Meeting, where shareholders were also updated on a year marked by…

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot NewsLuxury

Ethiopia’s richest man Mohammed Al-Amoudi plans 10 hotels as wealth tops $9 billion

His investment firm, MIDROC Investment Group, has signed a master development agreement with Dubai-based First Group Hospitality to build and…

Omokolade Ajayi Omokolade Ajayi
Africa property companies list
BusinessHot News

10 most valuable real estate companies in Africa

Africa's listed property sector is expanding across markets, led by South African REITs and diversified firms driving urban growth investor…

Feyisayo Ajayi Feyisayo Ajayi
Zenith Bank, Nigeria’s most profitable lender.
BusinessHot News

After $230 million Q1 profit, Zenith Bank opens Côte d’Ivoire subsidiary

The expansion follows a steady financial performance through 2025 and early 2026, supported by growth in interest income and stronger…

Omokolade Ajayi Omokolade Ajayi
Turnstar House, Turnstar Holdings commercial property located in Main Mall, Gaborone, Botswana.
BusinessHot News

Botswana’s Turnstar reports $26.1 million rental income; profit falls 64%

Rental income rose 3 percent to BWP354.4 million ($26.1 million), supported by stable occupancy across its retail and commercial assets.

Omokolade Ajayi Omokolade Ajayi
Peter Ndegwa Safaricom compensation 2025
BusinessHot News

Safaricom’s CEO Peter Ndegwa pockets $2.3 million salary in 2025

Safaricom CEO Peter Ndegwa earned $2.28 million in 2025, up 16.6%, as profit declined despite revenue and asset growth.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu becomes Africa’s second-richest as fortune hits $15.8 billion

The latest increase follows a sharp gain of $1.8 billion in a single week, driven largely by a rally in…

Omokolade Ajayi Omokolade Ajayi
Shaun Roos corruption case
BusinessHot News

South African court denies bail to businessman Shaun Roos in $95 million Cape contracts case

Cape Town court denies bail to businessman Shaun Roos over $95 million corruption case tied to municipal contracts and bribery…

Feyisayo Ajayi Feyisayo Ajayi
Zafiri IFC off-grid Africa
BusinessHot News

Mauritius’ Zafiri fund targets $1 billion valuation with IFC’s $120 million off-grid push in Africa

Zafiri targets $1 billion valuation as IFC commits $120 million to expand off-grid energy and clean cooking access across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Naguib Sawiris, one of Africa's richest individuals.
BillionairesBusinessHot News

Egyptian billionaire Naguib Sawiris’ net worth hits $11.3 billion as $400 million flows into gold

Through La Mancha, he holds key positions in Endeavour Mining and Evolution Mining.

Omokolade Ajayi Omokolade Ajayi
James Mwangi Equity Group stake
BusinessHot News

Kenya’s richest banker James Mwangi’s stake in Equity Group tops $70 million

James Mwangi’s Equity Group stake tops $70 million as shares rally, boosting wealth and reinforcing investor confidence in the lender.

Feyisayo Ajayi Feyisayo Ajayi
Metair $198 million debt refinance
BusinessHot News

South Africa’s Metair secures $198 million debt refinance, extends maturity to 5 years

Metair refinances $198 million debt, extending maturity to five years to ease pressure and support capital spending ahead of FY2026…

Feyisayo Ajayi Feyisayo Ajayi
Afrin Prestige Hotel
LuxuryTourism

Mozambique’s Afrin prestige signals Africa luxury boom

Afrin Prestige highlights Mozambique’s growing role in Africa luxury tourism.

African billionaires wealth
BillionairesBusinessHot News

How wealthy Africans structure wealth to survive divorce, death, and disputes

Africa’s ultra-wealthy structure wealth to survive divorce, death, and disputes, ensuring continuity across generations and crises.

Visa
BusinessTechnology

New Visa office signals Ethiopia’s rising role in Africa’s payments market

Visa, a global leader in digital payments, is deepening its presence in Africa with the opening of a new office in Addis Ababa, Ethiopia, a move that reflects the country’s growing influence in the region’s financial services industry.  The expansion comes as Ethiopia works to modernize its payments system, widen access to banking services and create more room for financial…

Oluwatosin Alao Oluwatosin Alao
MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining cedes majority control to KDG in a $90 million deal 

MC Mining hands KDG a 51% stake in a $90 million deal, accelerating development of South Africa’s Makhado coal project.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya asset financing for SMEs
BusinessHot News

Absa Kenya plans $774 million asset finance push to spur SME growth

Absa Bank Kenya rolls out $774 million asset finance program to boost SME growth, offering full equipment funding amid tight credit conditions.

Feyisayo Ajayi Feyisayo Ajayi
Presco Plc, Nigeria’s leading palm oil producer.
BusinessHot News

Nigeria’s Presco declares $11 million dividend as 2025 profit hits $88.7 million

Nigeria’s largest palm oil processor, Presco, declares $11 million dividend as 2025 profit rises to $88.7 million on stronger revenue and margins.

Omokolade Ajayi Omokolade Ajayi
Zambia, U.S. stall $2 billion health deal over minerals and data concerns
BusinessGlobal News

Zambia delays U.S. health deals amid dispute over minerals and data access

Zambia’s dispute with Washington over a proposed $2 billion health funding package is highlighting growing tensions across Africa over foreign aid conditions, critical minerals access and data privacy rules. The talks, still ongoing but stalled, have become part of a wider debate over how development financing intersects with resource diplomacy on the continent.  At issue is a U.S. proposal that…

Oluwatosin Alao Oluwatosin Alao
Aiyesimoju portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju’s portfolio on the Nigerian Exchange nears $200 million

Aiyesimoju’s stakes in UACN, CAP and UPDC near $200 million as dividend demand drives Nigerian equities rally.

Feyisayo Ajayi Feyisayo Ajayi
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