Standard Bank housing finance investment
BusinessHot News

Standard Bank led by Sim Tshabalala gets $102 million to boost South Africa’s housing finance

IFC plans $102 million investment in Standard Bank bonds to expand affordable housing finance and boost South Africa’s banking resilience.

Feyisayo Ajayi Feyisayo Ajayi
Zimplats Zimbabwe solar project
BusinessHot News

Zimplats targets $54 million Zimbabwe solar project completion by June 2027

Zimplats targets June 2027 completion of $54 million solar project, adding 45MW to boost energy security and cut grid reliance.

Feyisayo Ajayi Feyisayo Ajayi
Yas Tanzania fiber investment Zanzibar
BusinessHot News

Malagasy businessman Hassanein Hiridjee’s Yas Tanzania targets 100,000 fiber subscribers with $114 million investment

Yas Tanzania plans $114.5 million fiber rollout in Zanzibar, targeting 100,000 subscribers to expand high-speed internet access.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend payout 2025
BusinessHot News

Sa’adat Mohammed bags N450 million, re-elected as Jaiz Bank unveils N150 billion capital plan

Sa’adat Mohammed secures N450.58 million ($328,626) payout, wins re-election as Jaiz Bank approves N150 billion capital raise after strong earnings.

Feyisayo Ajayi Feyisayo Ajayi
World Bank
BusinessHot News

World Bank plans $23 million investment in Ardian carbon fund for Africa and emerging markets 

World Bank’s IFC plans $23 million investment in Ardian carbon fund targeting climate projects across Africa and emerging markets.

Feyisayo Ajayi Feyisayo Ajayi
TMG
BusinessHot News

Saudi Arabia opens property market to foreigners, boosting Talaat Moustafa’s expansion

Saudi Arabia opens real estate to foreign buyers, unlocking demand and boosting Talaat Moustafa Group’s expansion in key cities.

Feyisayo Ajayi Feyisayo Ajayi
Mama Ngina Kenyatta
Hot NewsBusiness

After $2 million farmer payout, Brookside Dairy, owned by Kenya’s Kenyatta family, woos hoteliers

The expansion follows a KSh255 million ($2 million) bonus payout to contracted dairy farmers in the six months ending May…

Omokolade Ajayi Omokolade Ajayi
South African executive Ciko Thomas.
Hot NewsBusiness

South African executive Ciko Thomas takes $1.8 million Nedbank pay

The compensation shifts happened alongside steady operational growth within the personal and private banking division.

Omokolade Ajayi Omokolade Ajayi
Oceanwood
BusinessHot News

OCI shareholder Oceanwood presses board to revise $4.7 cash offer in Orascom merger battle

Oceanwood challenges OCI’s €4.1 ($4.7) cash offer, urging a revised Orascom deal to protect minority shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Egypt’s food exports.
Hot NewsBusiness

Egypt’s food exports climb 7.1% to $2.43 billion in first four months of 2026

The growth reflects steady international demand for Egyptian agricultural and processed goods despite persistent global trade disruptions.

Omokolade Ajayi Omokolade Ajayi
Cameroon cocoa downturn
Hot NewsBusiness

Cameroon’s richest woman Kate Fotso eyes gains as cocoa prices top $3.5 per kg

Cameroon cocoa prices rebound above CFA2,000 ($3.46)/kg late in season, offering modest relief to exporters, including Kate Fotso’s Telcar Cocoa.

Feyisayo Ajayi Feyisayo Ajayi
Oceanwood
BusinessHot News

OCI Global weighs $4.7 cash offer as Orascom deal standoff deepens

OCI Global reviews NNS’ €4.1 ($4.7) cash bid as Orascom deal stalls, offering shareholders a potential exit amid governance dispute.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric $200 million industrial projects
BusinessHot News

Elsewedy Electric launches $200 million industrial projects to boost exports

Elsewedy Electric launches $200 million industrial projects to expand manufacturing, boost exports, and strengthen Egypt’s supply chains.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Sirius Real Estate sells U.K. assets for $7 million, pivots to self-storage expansion

Sirius sells two U.K. assets for £5.3 million ($7 million), redeploying capital into higher-yield self-storage developments.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Equity Group shareholders approve insurance expansion, $167 million dividend payout

Equity Group shareholders approve Kenya, DRC insurance expansion and KSh 21.7 billion dividend payout for FY2025.

Feyisayo Ajayi Feyisayo Ajayi
Kenya Airways lawsuit financial crisis
BusinessHot News

Kenya Airways faces $1 million lawsuit as losses hit $1.6 billion

Kenya Airways faces a $1 million U.S. lawsuit as losses hit $1.6 billion, underscoring liquidity strain and urgent capital needs.

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater bond offering
BusinessHot News

Sibanye says EVs to reach 35% of global car sales by 2034

Sibanye Stillwater sees EVs at 35% of global car sales by 2034, easing pressure on platinum and palladium demand outlook.

Feyisayo Ajayi Feyisayo Ajayi
AfDB
BusinessHot News

AfDB’s arm approves $9 million grant to boost East Africa financial integration

AfDB’s concessional arm approves $9 million to deepen East Africa financial integration, boosting markets, payments and cross-border investment.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Indimi
BusinessHot News

Nigerian oil tycoon Mohammed Indimi bags N1.4 billion in 2025 dividend payout

Mohammed Indimi earns N1.44 billion ($1.05 million) from Jaiz Bank dividend after strong 2025 earnings and shareholder-approved payout.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Nigerian stock selloff wipes $1.2 billion from Aliko Dangote’s net worth

The decline pushed his fortune below the $35 billion mark for the first time since early May.

Omokolade Ajayi Omokolade Ajayi
Jubilee pivots to Zambia’s copper growth
BusinessHot News

London-headquartered miner, Jubilee sells its South African assets for $90 million

Jubilee Metals sells its South African chrome and platinum assets for $90 million to focus on copper expansion in Zambia.

BusinessSports

5 African Athletes who built business empires

These sports icons are redefining success, leveraging their fame to create diversified portfolios across sectors like real estate, technology, and finance.

Standard Bank housing finance investment
BusinessHot News

Standard Bank led by Sim Tshabalala gets $102 million to boost South Africa’s housing finance

IFC plans $102 million investment in Standard Bank bonds to expand affordable housing finance and boost South Africa’s banking resilience.

Feyisayo Ajayi Feyisayo Ajayi
Zimplats Zimbabwe solar project
BusinessHot News

Zimplats targets $54 million Zimbabwe solar project completion by June 2027

Zimplats targets June 2027 completion of $54 million solar project, adding 45MW to boost energy security and cut grid reliance.

Feyisayo Ajayi Feyisayo Ajayi
Yas Tanzania fiber investment Zanzibar
BusinessHot News

Malagasy businessman Hassanein Hiridjee’s Yas Tanzania targets 100,000 fiber subscribers with $114 million investment

Yas Tanzania plans $114.5 million fiber rollout in Zanzibar, targeting 100,000 subscribers to expand high-speed internet access.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend payout 2025
BusinessHot News

Sa’adat Mohammed bags N450 million, re-elected as Jaiz Bank unveils N150 billion capital plan

Sa’adat Mohammed secures N450.58 million ($328,626) payout, wins re-election as Jaiz Bank approves N150 billion capital raise after strong earnings.

Feyisayo Ajayi Feyisayo Ajayi
Namibia’s Hengari turns to Dutch farming, water expertise to spur growth
BusinessGlobal News

Namibia boosts ties with Netherlands on agriculture and water

Namibia strengthens ties with The Netherlands to boost agriculture, water management and investment for long-term economic growth.

Oluwatosin Alao Oluwatosin Alao
World Bank
BusinessHot News

World Bank plans $23 million investment in Ardian carbon fund for Africa and emerging markets 

World Bank’s IFC plans $23 million investment in Ardian carbon fund targeting climate projects across Africa and emerging markets.

Feyisayo Ajayi Feyisayo Ajayi
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