BusinessBillionairesHot News

Nigerian billionaire Femi Otedola boosts stake in FirstHoldCo with shares worth $15 million

Femi Otedola has raised his First HoldCo stake above 26% after buying N18.11 billion in shares, lifting his holding’s value…

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica flows gas at Namibia discovery, advances 1,000-metre horizontal test

ReconAfrica has flowed gas and potential liquids at its Namibia discovery, advancing a 1,000-metre horizontal test of the Huttenberg formation.

Feyisayo Ajayi Feyisayo Ajayi
Park boutique Hotel
LuxuryHot NewsTourism

Park Avenue boutique estate enters South Africa property market at $7 million

Park Avenue estate in Hout Bay, enters the Western Cape province of South Africa’s luxury property market at $7 million,…

Feyisayo Ajayi Feyisayo Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot News

Dangote, local refiners eye up to $328 million savings in crude swap plan

Data from the upstream regulator shows that domestic plants received 82.2 million barrels of crude under the Domestic Crude Supply…

Omokolade Ajayi Omokolade Ajayi
South African food producer RCL Foods
BusinessHot News

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

Headline earnings per share from operations are expected to come in at between R1.01 ($0.05) and R1.09 ($0.06).

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Zimbabwean investor Richard Ngwenya’s property business targeted in $1.2 million VFD dispute

VFD Group seeks to freeze five properties linked to Richard Ngwenya over an alleged R20 million ($1.23 million) investment dispute…

Feyisayo Ajayi Feyisayo Ajayi
Thungela Resources Limited
Hot NewsBusiness

South Africa’s Thungela posts $85.7 million profit as coal prices rise

Revenue increased 2 percent to R15.17 billion ($935.5 million) from R14.81 billion ($913.3 million).

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Why FirstRand plans to sell Aldermore amid UK Motor finance hurdles

FirstRand is selling Aldermore as UK motor finance mis-selling costs rise, forcing the South African lender to rethink its UK…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

IHS Towers reports $844 million H1 2026 revenue as MTN takeover nears final stage

IHS Towers reported $844 million in H1 2026 revenue as stronger cash flow and MTN’s proposed takeover reshape its African…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Koryx Copper’s Haib project delivers 831 meter copper-equivalent drill hit in Namibia

Koryx Copper’s Haib project in Namibia delivers an 831-metre copper-equivalent drill hit, strengthening prospects for resource growth and development.

Feyisayo Ajayi Feyisayo Ajayi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Top 7 markets leading contributions to Standard Bank Group’s earnings

Standard Bank Group’s H1 2026 earnings were led by South Africa, Nigeria, Ghana, Uganda, Kenya, Angola and Mauritius.

Feyisayo Ajayi Feyisayo Ajayi
Fawry acquisitions Egypt
BusinessHot News

Egyptian tech mogul Ashraf Sabry’s Fawry posts $32.3 million profit in H1 2026

Fawry posts a 28.9% rise in H1 2026 profit to $32.4 million, driven by revenue growth, digital adoption and expanding…

Feyisayo Ajayi Feyisayo Ajayi
Benedicte Janine Kacou Diagou
BusinessHot News

Bénédicte Janine Kacou Diagou, Ivorian heiress helping steer NSIA, her father’s multibillion-dollar empire

Bénédicte Janine Kacou Diagou has helped build NSIA into a major African financial group while shaping the next generation of…

Feyisayo Ajayi Feyisayo Ajayi
Elsie Enninful-Adu
BusinessHot News

Republic Bank Ghana appoints Elsie Enninful-Adu to board as non-executive director

Republic Bank Ghana appoints Elsie Enninful-Adu as non-executive director, strengthening its board with more than 30 years of financial expertise.

Feyisayo Ajayi Feyisayo Ajayi
Raya Holding Ostool deal
BusinessHot News

Egypt’s Raya Holdings sees profit slip below $15 million in H1 2026

Raya Holding’s H1 2026 profit fell 17.1% to $14.7 million despite a 21.6% revenue surge, as higher operating costs pressured…

Feyisayo Ajayi Feyisayo Ajayi
Koné Dossongui
BusinessHot News

Meet Koné Dossongui: Ivorian founder of Atlantic Group, pan-African empire across banking, industry, mining

Ivorian entrepreneur Koné Dossongui built Atlantic Group into a Pan-African empire spanning banking, industry, mining and strategic African assets.

Feyisayo Ajayi Feyisayo Ajayi
ODE
BusinessHot News

Egyptian billionaire Samih Sawiris’ ODE posts $63 million profit in H1 2026

Egyptian billionaire Samih Sawiris’ ODE posted $63 million profit in H1 2026, with revenue rising 28.5% on real estate and…

Feyisayo Ajayi Feyisayo Ajayi
Kabwe
BusinessHot News

Shuka Minerals discovers new zinc, copper and vanadium orebody at Zambia’s Kabwe mine

Shuka Minerals has discovered a new high-grade zinc, copper and vanadium orebody at Zambia’s Kabwe mine, adding to its resource…

Feyisayo Ajayi Feyisayo Ajayi
Standard bank Group and CEO Sim Tshabalala
Hot NewsBusiness

Standard Bank led by Sim Tshabalala posts $1.61 billion headline earnings in H1 2026

Standard Bank, led by Sim Tshabalala, posted record H1 2026 headline earnings of $1.61 billion, up 10% on stronger revenue…

Feyisayo Ajayi Feyisayo Ajayi
Jumia
TechnologyHot News

World Bank invests $25 million in Jumia to bolster Africa’s e-commerce growth

IFC proposes a $25 million equity investment in Jumia to accelerate e-commerce growth, strengthen digital infrastructure and support profitability.

Feyisayo Ajayi Feyisayo Ajayi
Kigali Paramount Hotel
LuxuryTourism

Kigali Paramount Hotel: Rwanda’s new beacon of luxury and experience

A new boutique hotel in Kigali targets business and leisure travelers as the city’s conference and tourism profile grows.

Shangri-La Le Touessrok
LuxuryTourism

Mauritius masterpiece: Inside Shangri-La Le Touessrok’s ultra-luxury escape

With butler service, private islands and world-class dining, Shangri-La Le Touessrok sets the standard for Mauritius luxury.

flysafair-airline-plane-close-view
BusinessHot News

South Africa’s CemAir moves to block Harith’s FlySafair acquisition

CemAir moves to block the FlySafair acquisition, citing competition concerns over Lanseria Airport and aviation infrastructure.

Timilehin Adejumobi Timilehin Adejumobi
BusinessBillionairesHot News

Nigerian billionaire Femi Otedola boosts stake in FirstHoldCo with shares worth $15 million

Femi Otedola has raised his First HoldCo stake above 26% after buying N18.11 billion in shares, lifting his holding’s value to about N1.7 trillion ($1.3 billion).

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica flows gas at Namibia discovery, advances 1,000-metre horizontal test

ReconAfrica has flowed gas and potential liquids at its Namibia discovery, advancing a 1,000-metre horizontal test of the Huttenberg formation.

Feyisayo Ajayi Feyisayo Ajayi
Ernest Azudialu-Obiejesi
Hot NewsBillionairesBusiness

Nigeria’s EFCC recovers $60 million from Ernest Azudialu-Obiejesi’s Nestoil

Nigeria’s EFCC has recovered $60 million from Ernest Azudialu-Obiejesi’s Nestoil to settle a portion of its multibillion-dollar debt with commercial banks.

Omokolade Ajayi Omokolade Ajayi
South African food producer RCL Foods
BusinessHot News

Johann Rupert-backed poultry firm, RCL Foods, expects earnings to fall as sugar, pet food weigh

RCL Foods expects earnings to fall up to 35 percent as sugar imports, pet food disruptions and impairments pressure results.

Omokolade Ajayi Omokolade Ajayi
Airtel & Starlink
TechnologyBusiness

Airtel and Starlink launch Africa’s first satellite-to-phone service in DRC  

Airtel and Starlink bring satellite-to-phone connectivity to the DRC, extending mobile coverage beyond traditional telecom towers.

Timilehin Adejumobi Timilehin Adejumobi
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