Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessGlobal NewsHot News

Africa’s richest man, Aliko Dangote, targets $250 billion valuation on $45 billion expansion plan

He described the $45 billion expansion as a groupwide funding push that would support new projects while strengthening existing industrial…

Omokolade Ajayi Omokolade Ajayi
IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.
BusinessGlobal NewsHot News

IBL Group, Mauritius’ largest conglomerate, posts $2 billion nine-month revenue

IBL attributed the improvement to broader consolidation of recently acquired businesses and stable performance across its overseas subsidiaries.

Omokolade Ajayi Omokolade Ajayi
Elsewedy Electric dividend payout
BillionairesBusinessHot News

El-Sewedy family set for $58 million dividend from Elsewedy Electric

Egyptian El-Sewedy family set for $58.3 million payout as Elsewedy Electric boosts dividend after $361 million profit in 2025.

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

South African executive Gary Nagle takes $7.4 million pay from Glencore in 2025

The payout reflects a year in which the London-listed mining and commodity giant returned to profit, expanded revenue, and increased…

Omokolade Ajayi Omokolade Ajayi
Orascom desalination joint venture
BusinessHot News

Orascom Construction-led JV targets 300,000 m³/day desalination projects across Gulf, Africa

Orascom Construction-led JV targets large desalination projects across Gulf and Africa, advancing 300,000 m³/day flagship plant.

Feyisayo Ajayi Feyisayo Ajayi
Fawry acquisitions Egypt
BusinessHot News

Egypt’s Fawry targets fintech acquisitions worth $2.4 million

Fawry is in talks to acquire $2.4 million tech firms to expand its fintech ecosystem and strengthen Egypt payments infrastructure…

Feyisayo Ajayi Feyisayo Ajayi
MTN CEO Pay 2025
BusinessHot News

MTN Group CEO Ralph Mupita takes $6 million pay in 2025

MTN Group CEO Ralph Mupita's pay rose 53% to nearly $6 million in 2025 as profit rebounded to $2.8 billion…

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend 2025
BillionairesBusinessHot News

Nigerian oil tycoon Mohammed Indimi set to earn $1 million dividend in 2025

Oil tycoon Mohammed Indimi to bag $1.05 million dividend from Jaiz Bank in 2025 after strong earnings and rising shareholder…

Feyisayo Ajayi Feyisayo Ajayi
Dangote Ethiopia fertiliser expansion
BillionairesBusinessHot News

Africa’s richest man, Aliko Dangote, expands Ethiopia fertiliser bet to over $4 billion

Dangote raises Ethiopia fertiliser investment above $4 billion, expanding integrated agro-industrial production infrastructure project.

Feyisayo Ajayi Feyisayo Ajayi
Safaricom 25-year licence Kenya
BusinessHot News

Safaricom’s licence costs rose to $127 million after securing a 25-year permit in Kenya

Safaricom pays $127 million for 25-year licence, boosting regulatory certainty and supporting long-term telecom, broadband and fintech growth.

Feyisayo Ajayi Feyisayo Ajayi
Accelerate Bosveld Mall sale cancellation
BusinessHot News

South Africa’s Accelerate cancels $4.8 million Bosveld Mall sale after buyer withdrawal

Accelerate cancels $4.8 million Bosveld Mall sale after buyer withdraws, weighing legal action and restarting search for new investors.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu
BusinessExclusiveHot News

Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

Elumelu argued that Africa’s transformation hinges on two foundational investments — electricity and infrastructure — and that private capital must…

Editorial Team Editorial Team
Credit Bank loan recovery Kenya
BusinessHot News

Kenya’s Credit Bank wins bid to sell properties tied to Mui Basin coal project

Kenya’s Credit Bank wins court approval to recover Ksh80 million ($618,529) from Mui Basin coal investors through sale of Uthiru…

Feyisayo Ajayi Feyisayo Ajayi
Biggest farms Egypt
BusinessHot News

10 biggest farms in Egypt

Egypt’s largest farms span desert reclamation and Nile corridors, boosting food security, exports and agribusiness growth nationwide today.

Feyisayo Ajayi Feyisayo Ajayi
Haib copper project
BusinessHot News

Koryx Copper expands Namibia’s Haib project with strong drill results

Koryx Copper reports strong drill results at Namibia’s Haib project, expanding mineralization and advancing 2026 development studies program.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank Q1 2026 profit
BusinessHot News

Jaiz Bank posts $5.7 million Q1 2026 profit after regulatory delays

Jaiz Bank posts $5.72 million Q1 profit, driven by sukuk income, rising deposits, and growing demand for Islamic banking products.

Feyisayo Ajayi Feyisayo Ajayi
IFC Africa Go Green Fund investment
BusinessHot News

IFC plans $23 million investment in Africa Go Green renewable fund 

IFC eyes $23 million follow-on investment in Africa Go Green Fund to expand renewable energy, green housing, and energy efficiency…

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa telecom expansion
BillionairesBusinessHot News

World Bank plans $150 million Airtel Africa expansion in Congo, Kenya

IFC plans $150 million financing for Airtel Africa to expand telecom networks and refinance debt in Congo and Kenya markets.

Feyisayo Ajayi Feyisayo Ajayi
Proparco I&M Bank Rwanda MSME partnership
BusinessHot News

I&M Group’s Rwanda arm secures $29 million Proparco MSME partnership

I&M Bank Rwanda secures $29.06 million Proparco guarantee to expand MSME lending, targeting women, youth, and high-impact sectors.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend 2025
BillionairesBusinessHot News

Nigerian oil tycoon Mohammed Indimi’s Jaiz Bank stake slips under $100 million

Jaiz Bank stake held by Mohammed Indimi falls below $100 million as shares drop 37% amid reporting delays and weak…

Feyisayo Ajayi Feyisayo Ajayi
AFCON
Hot NewsSports

Top 10 countries with the most Africa cup of nations titles

Explore Africa’s top 10 AFCON champions, from Egypt’s record seven titles to Zambia’s inspiring triumph, and discover their footballing legacies.

Bale Mountains National Park shelters rare species such as the Ethiopian wolf, mountain nyala and Bale monkey.
BusinessTourism

UNESCO recognition and new infrastructure lift Bale Mountains tourism

At a Glance Bale Mountains National Park is stepping into the global tourism spotlight, buoyed by a mix of international recognition and long-awaited investment in access and facilities. Once known mainly among conservationists, the park is now drawing growing attention from foreign travelers and tour operators.  A key shift came with UNESCO’s decision to add Bale Mountains to its World…

National Bank of Ethiopia
BusinessHot News

Ethiopia injects $500 million in FX auction to stabilize currency market

Ethiopia injects $500M into FX auction as dollar shortages deepen, signaling ongoing pressure on the birr and market reforms.

Timilehin Adejumobi Timilehin Adejumobi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessGlobal NewsHot News

Africa’s richest man, Aliko Dangote, targets $250 billion valuation on $45 billion expansion plan

Aliko Dangote outlines $45 billion expansion plan aimed at scaling his industrial empire toward $250 billion valuation by 2030.

Omokolade Ajayi Omokolade Ajayi
Pick n Pay raises $282 million from Boxer stake sale to aid turnaround
BusinessHot News

Pick n Pay raises $282 million from Boxer stake sale to aid turnaround

Pick n Pay Stores Ltd., the South African grocery chain, has raised $282 million by selling part of its stake in discount retailer Boxer, giving the supermarket group more room to fund its recovery plan after one of the toughest periods in its history. The sale, confirmed on Tuesday, involved about 57.3 million Boxer ordinary shares, equal to roughly 12.5…

Oluwatosin Alao Oluwatosin Alao
IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.
BusinessGlobal NewsHot News

IBL Group, Mauritius’ largest conglomerate, posts $2 billion nine-month revenue

IBL Group posts revenue above $2 billion for nine months to March 2026, with growth across operations and assets reaching $3.04 billion.

Omokolade Ajayi Omokolade Ajayi
Elsewedy Electric dividend payout
BillionairesBusinessHot News

El-Sewedy family set for $58 million dividend from Elsewedy Electric

Egyptian El-Sewedy family set for $58.3 million payout as Elsewedy Electric boosts dividend after $361 million profit in 2025.

Feyisayo Ajayi Feyisayo Ajayi
Afrimat-Readymix truck
BusinessHot News

Afrimat secures mining rights ruling tied to Transnet corridor

Afrimat secures a High Court order compelling South Africa’s mining minister to approve a key mining rights transfer linked to Transnet’s iron ore export corridor.

Timilehin Adejumobi Timilehin Adejumobi
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