Adeyemi Adefarakan Wema stake is 200 million
BusinessHot News

Meet Nigerian financier Adeyemi Adefarakan linked to over $200 million stake in Wema Bank

Adeyemi Adefarakan, linked to stake in Wema Bank valued at over $200 million, following a surge in shares held by…

Feyisayo Ajayi Feyisayo Ajayi
Africa richest billionaires 2026
BillionairesHot News

Africa’s top five billionaires worth more than $10 billion

Africa’s $10 billion titans, five richest men, surpassing $90 billion in combined wealth, shaping industries, driving growth and influencing global…

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank share awards
BusinessHot News

Standard Bank’s Sim Tshabalala, top brass, unlock over $9 million in share awards

Standard Bank executives unlock $9.4 million in share awards as performance-linked incentives vest under long-term compensation plans.

Feyisayo Ajayi Feyisayo Ajayi
Kenya’s largest fast-food chain, Java House, linked to Aliko Dangote, expands its presence with new outlets across East Africa.
BusinessHot News

Kenya’s largest fast-food chain linked to Aliko Dangote grows to 105 outlets

It reflects Java House’s strategy of opening outlets in neighborhoods shaped by new roads, railways, and housing developments.

Omokolade Ajayi Omokolade Ajayi
ER Group East Africa expansion
BusinessHot News

Mauritian group ER Group sets up Nairobi office, launches $21 million East Africa fund

ER Group opens Nairobi office, launches $21.3 million fund to accelerate East Africa expansion and boost international revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
BUA Cement tax 2025
BusinessHot News

Nigeria’s BUA Cement pays $79 million in taxes in 2025

BUA Cement pays $79 million in 2025 taxes as profit jumps 382%, driven by revenue growth, cost discipline, and reduced…

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria stock analysis
BusinessHot News

MTN Nigeria’s rally draws valuation concerns as recovery trade peaks

MTN Nigeria rebounds from historic loss, posting record 2025 profit, raising questions on late-cycle valuations.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

UN urges Africa to borrow, boost revenue to fund AI infrastructure gap

These funding sources, the report added, could help governments accelerate investments in data infrastructure and energy generation, two areas it…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

AXIAN Energy secures $97 million financing for 60MW solar project in Senegal

AXIAN Energy secures $97 million to build a 60MW solar plant in Senegal, boosting electricity access and strengthening grid stability.

Feyisayo Ajayi Feyisayo Ajayi
Victor Abimbola Olaiya
BusinessHot News

Nigerian clergyman Victor Abimbola Olaiya’s NAHCO stake surges to $23 million

Nigerian cleric Victor Abimbola Olaiya’s NAHCO stake surges $10 million to $23 million on strong Nigerian Exchange rally.

Feyisayo Ajayi Feyisayo Ajayi
Addoha developer report 2025
BusinessHot News

Moroccan developer Addoha posts $55 million profit on strategy shift

Addoha posts $55 million profit as net income jumps 70%, signaling stronger execution and a shift to value-driven growth.

Feyisayo Ajayi Feyisayo Ajayi
MCB climate financing Africa
BusinessHot News

MCB secures $100 million climate financing facility to drive green growth in Africa

MCB secures $100 million, 10-year climate facility to fund renewable energy and resilience projects across Africa, deepening its green finance…

Feyisayo Ajayi Feyisayo Ajayi
Alami Lazraq ADI stake loss
BusinessHot News

Moroccan real estate mogul Alami Lazraq faces $118 million loss as ADI shares slump

Moroccan tycoon Alami Lazraq loses $118.3 million as ADI shares fall, cutting his stake value below $550 million on Casablanca…

Feyisayo Ajayi Feyisayo Ajayi
Flutterwave logo representing Africa’s most valuable tech unicorn.
BusinessHot NewsTechnology

Flutterwave, gains Nigerian banking license as lifetime payments top $50 billion

The license, obtained through Flutterwave’s acquisition of Mono in January, allows the fintech to hold customer deposits and issue loans…

Omokolade Ajayi Omokolade Ajayi
MTN mobile money separation Ghana
BusinessHot News

MTN completes mobile money separation in Ghana, advances fintech strategy

MTN completes Ghana mobile money separation, meeting regulations and advancing fintech growth strategy across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Rose Ada Okwechime investments
BusinessHot News

Rose Ada Okwechime takes lead in Nigeria’s mortgage sector with $10.3 million stake in Abbey Mortgage Bank

Nigerian mortgage pioneer Rose Ada Okwechime holds $10.3 million stake in Madonna Ashib, shaping Nigeria’s mortgage and financial services sector.

Feyisayo Ajayi Feyisayo Ajayi
Khalifa Rabiu with $271 million BUA Foods stake, steps into Nigeria’s wealthy ranks.
BusinessExclusiveHot News

Abdul Samad Rabiu’s son, Khalifa, to receive $9.6 million from BUA Foods

Khalifa Rabiu holds 473,628,201 ordinary shares, representing a 2.63 percent stake in the company.

Omokolade Ajayi Omokolade Ajayi
Adebayo Ogunlesi, Nigerian billionaire and co-founder of Global Infrastructure Partners.
Hot NewsTechnology

OpenAI hits $852 billion a year after Nigeria’s Adebayo Ogunlesi joins board

Since Ogunlesi joined the board in 2025, OpenAI has expanded, raising capital, acquiring startups and committing billions to computing infrastructure.

Omokolade Ajayi Omokolade Ajayi
Exxaro Eskom coal supply deal
BusinessHot News

Exxaro secures long-term coal supply deal with Eskom for Matla Colliery till 2043

Exxaro signs long-term coal deal with Eskom, securing Matla Colliery supply to 2043 and strengthening South Africa’s energy stability.

Feyisayo Ajayi Feyisayo Ajayi
Africa private safari reserves
BusinessHot News

10 top private reserves in Africa offering exclusive Safari experiences

Africa’s top private reserves redefine luxury safaris, blending exclusivity, conservation impact, and intimate wildlife experiences.

Feyisayo Ajayi Feyisayo Ajayi
Luxury stays redefining Lagos island hospitality
Hot NewsLuxury

Top 7 Luxury hotels in Victoria Island, Lagos for international tourists

Here are seven luxury hotels in Victoria Island, Lagos, offering world-class comfort, fine dining, and oceanfront elegance for global travelers.

Isandlwana Lodge, luxury retreat at famous African battlefield, heads to auction in KZN.
BusinessTourism

Historic Isandlwana Lodge in South Africa’s KZN heads to auction

One of South Africa’s best-known heritage tourism properties is heading to auction, drawing interest from investors and travelers who follow the country’s historic battlefield destinations. Isandlwana Lodge, a luxury retreat overlooking one of Africa’s most famous battle sites, will go under the hammer later this month in KwaZulu-Natal.  Set on a hillside above the historic battlefield, the lodge forms part…

EU and EBRD launch a $30.5 million financing facility in Côte d’Ivoire
BusinessHot News

EU, EBRD roll out $30.5 million facility to support SMEs in Côte d’Ivoire 

EU and EBRD launch a $30.5 million financing facility to boost SME access to credit in Côte d’Ivoire, supporting jobs and economic growth.

Timilehin Adejumobi Timilehin Adejumobi
Adeyemi Adefarakan Wema stake is 200 million
BusinessHot News

Meet Nigerian financier Adeyemi Adefarakan linked to over $200 million stake in Wema Bank

Adeyemi Adefarakan, linked to stake in Wema Bank valued at over $200 million, following a surge in shares held by SW8 Investment. The increase reflects sustained accumulation and a rally in the bank’s stock on the Nigerian Exchange

Feyisayo Ajayi Feyisayo Ajayi
Manu Chandaria Comcraft empire
BusinessHot News

Meet Manu Chandaria: Kenyan industrialist behind billion-dollar group, Comcraft

Kenyan industrialist Manu Chandaria turns Comcraft into a billion-dollar group, preparing listings to unlock growth across Africa and Asia.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank share awards
BusinessHot News

Standard Bank’s Sim Tshabalala, top brass, unlock over $9 million in share awards

Standard Bank executives unlock $9.4 million in share awards as performance-linked incentives vest under long-term compensation plans.

Feyisayo Ajayi Feyisayo Ajayi
Kenya’s largest fast-food chain, Java House, linked to Aliko Dangote, expands its presence with new outlets across East Africa.
BusinessHot News

Kenya’s largest fast-food chain linked to Aliko Dangote grows to 105 outlets

Java House, linked to Aliko Dangote, grows to 105 outlets in East Africa, reflecting urban expansion and rising demand for casual dining.

Omokolade Ajayi Omokolade Ajayi
ER Group East Africa expansion
BusinessHot News

Mauritian group ER Group sets up Nairobi office, launches $21 million East Africa fund

ER Group opens Nairobi office, launches $21.3 million fund to accelerate East Africa expansion and boost international revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
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