MTN Group Q1 2026 revenue
BusinessHot News

Ralph Mupita leads MTN to $3.4 billion revenue in Q1 2026 as Nigeria, Ghana drive growth

MTN posts $3.4 4 billion in Q1 2026 revenue as Nigeria, Ghana fuel growth, driven by data, fintech and rising…

Feyisayo Ajayi Feyisayo Ajayi
Prosus targets $3.6 billion Just Eat revenue
BusinessHot NewsTechnology

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion Just Eat revenue

The outlook comes as the food delivery sector continues to consolidate across Europe.

Omokolade Ajayi Omokolade Ajayi
Africa agricultural trade finance gap
BusinessHot News

MCB, 15 banks join Proparco to close Africa’s $50 billion agri-finance gap

Proparco and 16 lenders launch Africa AgriTrade Coalition to bridge $50 billion trade finance gap, boosting food supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Isyaku Abdulsamad “Khalifa” Rabiu.
BillionairesBusinessHot News

Abdul Samad Rabiu’s son, Khalifa’s BUA Foods stake tops $300 million

Khalifa Rabiu holds 473,628,201 shares in BUA Foods, representing a 2.63 percent stake

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

Africa’s first Black billionaire Patrice Motsepe says partnerships boost South Africa’s mining sector

Motsepe said collaboration between public institutions and business groups is now central to improving South Africa’s competitiveness in global mining…

Omokolade Ajayi Omokolade Ajayi
Ecobank Proparco agricultural financing
BusinessHot News

Ecobank gets $353 million deal to boost African agriculture, women entrepreneurs

Ecobank secures $353 million Proparco-backed financing to boost African agriculture and expand support for women-led businesses.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya moves to secure IMF support as Iran tensions raise energy costs

Kenya is now facing additional strain from disruptions to shipping routes through the Strait of Hormuz, one of the world’s…

Omokolade Ajayi Omokolade Ajayi
CRDB Proparco Tanzania trade finance deal
BusinessHot News

CRDB secures $106 million Proparco-backed Tanzania trade finance deal

CRDB, Proparco sign $106 million guarantee deal to expand MSME financing, boost trade across Tanzania and East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Wole Oshin Custodian dividend payout
BusinessHot News

Nigerian insurance tycoon Wole Oshin bags N4.7 billion payout from Custodian

Wole Oshin bags N4.7 billion ($3.5 million) payout as Custodian Investment approves N16.17 billion dividend after strong 2025 earnings and…

Feyisayo Ajayi Feyisayo Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
BusinessExclusiveHot News

Gary Nagle: South African executive leading $90 billion London-listed giant, Glencore

Under his leadership, Glencore has pushed deeper into copper, a metal tied to electric vehicles, power networks, and renewable energy…

Omokolade Ajayi Omokolade Ajayi
NAHCO dividend bonus shares Olaiya
BusinessHot News

Nigerian clergyman Victor Olaiya to receive N1 billion, 24.3 million bonus shares from NAHCO

NAHCO proposes N1 billion payout, bonus shares as Olaiya’s stake surges ahead of May 15 AGM in Lagos.

Feyisayo Ajayi Feyisayo Ajayi
Westbrooke Investment Management logo representing the South African private equity firm.
BusinessHot News

Westbrooke secures $102 million for UK private equity push with South African capital

The fund is aimed at investing in six to eight lower mid-market companies in the United Kingdom over the next…

Omokolade Ajayi Omokolade Ajayi
Helios Towers 2026
BusinessHot NewsTechnology

Nigerian tycoon Temitope Lawani’s Helios opens 2026 with $230 million in revenue

Helios Towers reports $230 million revenue, driven by tenancy growth and rising telecom infrastructure demand across Africa and Middle East.

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

Africa’s richest man, Aliko Dangote, weighs Kenya for $15 billion refinery

Dangote said he is leaning toward Mombasa, pointing to the port’s depth and capacity to handle large-scale crude and refined…

Omokolade Ajayi Omokolade Ajayi
Balwin Properties 2026
BusinessHot News

Stephen Brookes’ Balwin profit tops $15 million as apartment sales surge in South Africa

Balwin profit rises above $15 million in 2026 as strong apartment sales and easing borrowing costs lift South Africa housing…

Feyisayo Ajayi Feyisayo Ajayi
Prosus sells Delivery Hero stake
BusinessHot News

Prosus divests $394 million Delivery Hero stake to meet EU rules

Prosus sells $394 million Delivery Hero stake to Aspex, advancing EU regulatory commitments after Just Eat Takeaway.com acquisition.

Feyisayo Ajayi Feyisayo Ajayi
Ladismith Cheese
BusinessHot News

South Africa’s Woodlands Dairy acquires Ladismith Cheese in $50 million deal

Woodlands Dairy, one of South Africa’s largest dairy manufacturers, majority owned by Gutsche Family Investments, has acquired Ladismith Cheese Company…

Feyisayo Ajayi Feyisayo Ajayi
NAHCO dividend and bonus shares
BusinessHot News

NAHCO chairman Seinde Fadeni set for $2.3 million dividend, 71 million bonus shares

NAHCO chairman Seinde Fadeni set for $2.3 million dividend and 71 million bonus shares after strong earnings and capital expansion…

Feyisayo Ajayi Feyisayo Ajayi
Gozem IFC $25 million financing
BusinessHot News

IFC weighs $25 million financing for Gozem after top-15 growth ranking

IFC weighs $25 million financing for Gozem to expand vehicle lending as the SuperApp ranks among Africa’s fastest-growing firms.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest man, Aliko Dangote.
BillionairesBusinessHot News

Africa’s richest man gains $1.26 billion as Dangote Cement jumps on London listing push

Shares of the cement producer climbed 12.1 percent over the past week, rising from N970 ($0.71) to N1,088 ($0.80).

Omokolade Ajayi Omokolade Ajayi
Musbahu Bashir companies
BillionairesBusinessHot News

10 companies owned by Nigerian businessman, Musbahu Mohammed Bashir

Musbahu Bashir built a diversified empire across telecom, finance, energy and real estate, shaping Nigeria’s economy quietly.

Wildfire burns through dry bush in Etosha National Park, Namibia, as crews work to contain the blaze.
BusinessTourism

Etosha national park battles wildfire damage, eyes renewal

At a Glance Etosha National Park, one of Namibia's most important natural areas and a popular stop on Southern Africa's safari circuit, is still dealing with the damage from a wildfire that swept across the area in late September. The blaze, which began on Sept. 22, scorched more than a third of the park’s vast wilderness and has left behind…

MTN Group Q1 2026 revenue
BusinessHot News

Ralph Mupita leads MTN to $3.4 billion revenue in Q1 2026 as Nigeria, Ghana drive growth

MTN posts $3.4 4 billion in Q1 2026 revenue as Nigeria, Ghana fuel growth, driven by data, fintech and rising subscriber expansion.

Feyisayo Ajayi Feyisayo Ajayi
Canal+ Group
BusinessHot News

Canal+ to debut on JSE in $3 billion listing

Canal+ will debut on the Johannesburg Stock Exchange in a $3 billion listing tied to its MultiChoice takeover.

Timilehin Adejumobi Timilehin Adejumobi
Prosus targets $3.6 billion Just Eat revenue
BusinessHot NewsTechnology

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion Just Eat revenue

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion revenue from Just Eat within a year as it streamlines operations.

Omokolade Ajayi Omokolade Ajayi
Macron unveils $27 billion Africa fund to rival China’s growing influence
BusinessGlobal News

Macron unveils $27 billion Africa fund to rival China’s growing influence

French President Emmanuel Macron has unveiled a €23 billion ($27 billion) investment plan for Africa, targeting energy, agriculture, digital infrastructure and maritime industries as France looks to strengthen economic ties across the continent and push back against China’s growing influence.  The announcement was made during the Africa Forward summit in Nairobi, where African leaders, investors and business executives gathered to…

Oluwatosin Alao Oluwatosin Alao
Africa agricultural trade finance gap
BusinessHot News

MCB, 15 banks join Proparco to close Africa’s $50 billion agri-finance gap

Proparco and 16 lenders launch Africa AgriTrade Coalition to bridge $50 billion trade finance gap, boosting food supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Isyaku Abdulsamad “Khalifa” Rabiu.
BillionairesBusinessHot News

Abdul Samad Rabiu’s son, Khalifa’s BUA Foods stake tops $300 million

BUA Foods' valuation lifts Khalifa Rabiu’s 473,628,201 share stake above $300 million amid a 21 percent rally on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
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