Dangote Cement 2025 tax payment
BusinessHot News

Dangote Cement pays $380 million in taxes in 2025

Dangote Cement paid $380 million in 2025 taxes as profit topped $730 million and revenue surged 20%, underscoring record earnings.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket $237 million dividend from BUA Cement

Nigerian billionaire Abdul Samad Rabiu will pocket $237 million after BUA Cement posts 379% profit surge in 2025.

Omokolade Ajayi Omokolade Ajayi
Oriental Weavers 2025 profit
BusinessHot News

Egypt’s Oriental Weavers posts $45 million in profits in 2025

Oriental Weavers posts $45 million profit in 2025 as revenue rises 10% despite margin pressures.

Feyisayo Ajayi Feyisayo Ajayi
Prudential ICEA Lion stake sale
BusinessHot News

Prudential sells 24.1% ICEA portfolio acquired from Ndegwa family in 2021

Prudential will exit ICEA Lion, selling its 24.1% stake acquired in a $18.6 million Ndegwa family deal, pending approvals.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

MTN Group forecasts massive rebound after MTN Nigeria posts $820 million profit

MTN Group expects earnings rebound as MTN Nigeria reports $820 million profit and free cash flow jumps 215 percent.

Omokolade Ajayi Omokolade Ajayi
Breadfast $50 million funding
BusinessHot News

Saudi billionaire-backed Breadfast targets Egypt grocery dominance

Breadfast secures $50 million from Mubadala and a Saudi billionaire family to accelerate Egypt e-commerce expansion.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement 2025 tax payment
BusinessHot News

Aliko Dangote’s cement business hauls in $3.2 billion revenue in 2025

Dangote Cement posts $3.16 billion revenue in 2025, with record profit $745.5 million, driven by Nigeria, efficiency, and Pan-African growth

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigerian billionaire Adebayo Ogunlesi’s GIP nears deal to acquire power firm AES

Global Infrastructure Partners, founded by Adebayo Ogunlesi, is nearing a deal with EQT to acquire AES Corp. as power demand…

Omokolade Ajayi Omokolade Ajayi
MTN Nigeria tax bill 2025
BusinessHot News

MTN Nigeria pays $429.7 million to Nigeria’s federal government as tax in 2025

TN Nigeria posts $429.7 million tax bill in 2025 as new tax law drives higher levies despite profit rebound.

Feyisayo Ajayi Feyisayo Ajayi
Africa luxury spas
Hot NewsLuxury

10 star-studded spas in Africa redefining luxury wellness

Africa’s star-studded spas blend indigenous rituals, sustainability and ultra-luxury to reshape the global wellness economy.

Feyisayo Ajayi Feyisayo Ajayi
Champion Breweries Bullet acquisition
BusinessHot News

How a low-profile Nigerian brewer is quietly building a cross-border African beverage empire

Champion Breweries acquires Bullet portfolio for $29.4 million, expanding into 14 African markets and high-growth Ready-to-drink categories.

Feyisayo Ajayi Feyisayo Ajayi
IFC backs Morocco microloans
BusinessHot News

Morocco’s Fondation Arrawaj gets $15 million IFC microloan

IFC proposes $15 million loan to Morocco’s Arrawaj, boosting microenterprise lending and financial inclusion for MSMEs and women-owned businesses.

Feyisayo Ajayi Feyisayo Ajayi
B Investments Brown Nose Coffee acquisition
BusinessHot News

Egypt’s B Investments moves to acquire controlling stake in Brown Nose Coffee

B Investments plans phased deal to secure majority stake in Brown Nose Coffee, deepening exposure to Egypt’s fast-growing consumer sector.

Feyisayo Ajayi Feyisayo Ajayi
Africa fine dining restaurants
Hot NewsLuxury

20 stellar restaurants across Africa

Africa’s top fine-dining restaurants blend heritage, luxury and innovation, redefining global perceptions of the continent’s cuisine.

Feyisayo Ajayi Feyisayo Ajayi
African-owned hotels in Africa
Hot NewsLuxury

Top 10 African-owned hotels

African-owned hotels redefine African luxury, blending heritage, exclusivity and tourism-driven economic growth.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement boosts Africa production
BusinessHot News

Dangote Cement signs $1 billion expansion deal to boost African production

Dangote Cement signs $1 billion deal to expand production across seven African countries, boosting capacity to 80M tonnes by 2030.

Feyisayo Ajayi Feyisayo Ajayi
OK Zimbabwe corporate rescue
BusinessHot News

Shoprite, Choppies exits foreshadow turmoil as OK Zimbabwe enters corporate rescue

OK Zimbabwe enters corporate rescue after mounting liquidity strain, echoing Choppies and Shoprite exits.

Feyisayo Ajayi Feyisayo Ajayi
Brait trims Premier stake, raises $63M
BusinessHot News

Brait raises $63 million from Premier Group share sale, trims stake to 24.3%

Brait raises $63 million selling Premier shares, cuts stake to 24.3%, boosting liquidity and portfolio flexibility.

Feyisayo Ajayi Feyisayo Ajayi
Del Monte Kenya IQF line
BusinessHot News

Del Monte Kenya adds $4 million solar-powered IQF line to boost exports

Del Monte Kenya launches $4 million IQF line, boosting frozen fruit exports, smallholder sourcing and solar-powered processing.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Seplat Energy posts $2.73 billion revenue in 2025 on output boost

Seplat Energy reports $2.73 billion revenue in 2025 as offshore and onshore output drive a 144% jump.

Omokolade Ajayi Omokolade Ajayi
Exxaro seals $660 million manganese deal, lifting South Africa’s supply role
BusinessTechnology

Exxaro acquires South African manganese mines in $660 million deal

South Africa’s mining sector is seeing another major consolidation. Exxaro Resources has…

Oluwatosin Alao Oluwatosin Alao
Cabinda phosphate fertilizer project site, Angola
BusinessHot News

Minbos Resources lands $16 million IDC funding for Angola fertilizer project

Minbos Resources gets a $16 million loan from IDC to fund Angola’s…

Timilehin Adejumobi Timilehin Adejumobi
Dangote Cement 2025 tax payment
BusinessHot News

Dangote Cement pays $380 million in taxes in 2025

Dangote Cement paid $380 million in 2025 taxes as profit topped $730…

Feyisayo Ajayi Feyisayo Ajayi
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