Absa Kenya vehicle import financing
BusinessHot News

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigeria’s Terra Industries to open Africa’s largest drone factory in Ghana

The Abuja-based company announced that construction of Pax-2, its second manufacturing facility, is nearing completion.

Omokolade Ajayi Omokolade Ajayi
Sidian Bank
BusinessHot News

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

The move comes at a time when banks across East Africa are tightening capital buffers to manage higher interest rates…

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across…

Omokolade Ajayi Omokolade Ajayi
Tazi family Sothema stake
BusinessHot News

Meet one of Morocco’s richest, Tazi family, with more than $650 million worth of shares

Tazi family’s $653 million Sothema stake cements control, reinforcing influence on Morocco’s pharmaceutical and healthcare landscape.

Feyisayo Ajayi Feyisayo Ajayi
Andrada Mining $11m raise
BusinessHot News

Andrada Mining raises $11 million to accelerate critical minerals expansion in Namibia

Andrada Mining secured $11 million in private placement to expand tin and critical minerals production in Namibia, strengthening its balance…

Feyisayo Ajayi Feyisayo Ajayi
Mamelodi Sundowns CAF
Hot NewsSports

Patrice Motsepe’s Mamelodi Sundowns reach CAF Champions League final after defeating Esperance

Mamelodi Sundowns, owned by Patrice Motsepe, reach CAF Champions League final after 1–0 win over Espérance, sealing 2–0 aggregate victory…

Feyisayo Ajayi Feyisayo Ajayi
OCI Global 2025 revenue
BusinessHot News

Egyptian billionaire Nassef Sawiris’ OCI posts $1.6 billion revenue in 2025

OCI posts $1.61 billion 2025 revenue, up 24% year over year, driven by strong nitrogen demand and ongoing portfolio restructuring.

Feyisayo Ajayi Feyisayo Ajayi
FDH Bank dividend 2025
BusinessHot News

Malawian billionaire Thom Mpinganjira’s FDH Bank pays $6.7 million dividend in 2025

FDH Bank declares $6.7 million dividend for 2025 despite lower payout, backed by strong profit growth and rising income streams.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam MetiPro acquisition
BusinessHot News

Why Egypt’s Hassan Allam is betting on Africa’s most valuable resource with acquisition of MetiPro

Hassan Allam Holding has acquired MetiPro, the engineering, procurement, and construction (EPC) arm of Metito Group, in a strategic move…

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

Kenya plans $500 million debut green bond as Iran war shakes economy

Officials said the bond will tap climate financing and ease pressure on public finances as global conditions become less predictable.

Omokolade Ajayi Omokolade Ajayi
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessHot News

Durban-born mining executive Nompumelelo Zikalala’s pay hits $2.1 million in 2025

The increase reflected higher bonuses, stronger long-term incentive payouts, and a rise in guaranteed pay.

Omokolade Ajayi Omokolade Ajayi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
BusinessHot News

Congo set to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy

The IMF estimates Congo’s gross domestic product will reach $123 billion in 2026, edging past Ethiopia’s $122 billion.

Omokolade Ajayi Omokolade Ajayi
Phuthi Mahanyele-Dabengwa, first Black chief executive of Naspers, South Africa.
BusinessHot News

South African executive Phuthi Mahanyele-Dabengwa eyes $5 million moonshot award

Phuthi Mahanyele-Dabengwa’s award aligns her payout with value creation across the Naspers and Prosus portfolio.

Omokolade Ajayi Omokolade Ajayi
DP World Africa logistics expansion
BusinessHot News

Mohammed Akoojee: The executive driving DP World’s Africa logistics expansion

Mohammed Akoojee leads DP World’s Africa expansion, integrating ports, freight and supply chains into a unified logistics network.

Feyisayo Ajayi Feyisayo Ajayi
Fidson dividend 2025
BusinessHot News

Fidson, led by Fidelis Ayebae, to pay $2.7 million dividend after profit surge

Fidson declares $2.7 million dividend after profit surged 125% in 2025, driven by strong demand for ethical drugs.

Feyisayo Ajayi Feyisayo Ajayi
Namibia cancer care
BusinessHot News

Salt Capital, Proparco acquire Namibia’s NOC to expand cancer care access

Salt Capital, Proparco acquire Namibia’s oncology leader NOC, boosting private investment and expanding access to specialized cancer care.

Feyisayo Ajayi Feyisayo Ajayi
Alain Nkontchou dividend
BusinessHot News

Cameroonian banker Alain Nkontchou to pocket $9.6 million as Ecobank resumes dividends

Alain Nkontchou to earn $9.6 million as Ecobank resumes dividends, backed by strong 2025 profit and revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Sameer Africa land sale Kenya
BusinessHot News

Merali family’s Sameer Africa moves to close $7.1 million land sale to settle legacy gaps

Sameer Africa advances $7.1 million land sale to unlock value, strengthen balance sheet, and revive dividends.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank executive pay 2025
BusinessHot News

Standard Bank Group pays top 7 executives $30.5 million as earnings surge in 2025

Standard Bank paid top seven executives $30.5 million in 2025 as profits rose, balance sheet expanded, and performance-linked pay climbed.

Feyisayo Ajayi Feyisayo Ajayi
Avani Hotels focus on practical design, attentive service and a relaxed atmosphere.
LuxuryTourism

Avani Gaborone Resort redefines comfort and entertainment

Avani Gaborone Resort & Casino sits at the heart of Botswana’s capital, offering a stay that brings together business, leisure and easy access to the city’s top attractions. Set among landscaped gardens and close to the Gaborone Nature Reserve, the hotel has become a familiar address for visiting executives, regional travelers and local residents alike.  Part of the global Avani…

Tetracore CNG commissioning Ogun
BusinessHot News

Tetracore opens major CNG plant in Nigeria’s South Western State

Tetracore launches major CNG plant to ease fuel shortages in Ogun.

Zimbabwe, Zambia plan new Victoria Falls freight bridge to ease trade flows
BusinessTourism

Zimbabwe, Zambia back new Victoria Falls freight bridge to boost trade

Zimbabwe and Zambia have agreed to restrict heavy trucks and freight trains on the Victoria Falls Bridge, marking a policy shift aimed at easing pressure on one of Southern Africa’s busiest trade routes. The move underscores growing strain on aging infrastructure along the North-South Corridor, a key regional logistics artery.  Zambian President Hakainde Hichilema, speaking at an engineering conference in…

Oluwatosin Alao Oluwatosin Alao
Absa Kenya vehicle import financing
BusinessHot News

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car ownership access.

Feyisayo Ajayi Feyisayo Ajayi
Sidian Bank
BusinessHot News

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

Nairobi-based Sidian Bank raises $23 million after profit jumps to Ksh1.47 billion ($11.4 million), strengthening capital for expansion.

Omokolade Ajayi Omokolade Ajayi
Nafasi Water CEO, Suzie Nkambule
BusinessHot News

South Africa’s Nafasi Water lands $9.5 million Norfund investment

Nafasi Water lands $9.5 million backing from Norfund to scale water infrastructure, reuse, and mining rehabilitation projects in Southern Africa.

Timilehin Adejumobi Timilehin Adejumobi
Dangote refinery fuel price increase
BusinessHot News

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across Africa.

Omokolade Ajayi Omokolade Ajayi
Madaar launches $290 million Hillage in Sheikh Zayed as luxury demand rises
BusinessLuxury

Madaar launches $290 million Hillage project in Sheikh Zayed, Egypt

Madaar Developments is expanding its presence in Egypt’s real estate market with a $290 million residential project in Sheikh Zayed City, highlighting steady demand for upscale housing in West Cairo.  The launch of The Hillage comes at a time when developers are racing to secure limited land in one of Greater Cairo’s most in-demand areas. Improved roads and infrastructure have…

Oluwatosin Alao Oluwatosin Alao
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