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 stake decline
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
MCB Group nine-month profit
BusinessHot News

MCB Group’s nine-month profit hits $314 million amid tax surge

MCB Group posts $314 million nine-month profit as higher taxes offset strong operating income and improved asset quality.

Feyisayo Ajayi Feyisayo Ajayi
Tsogo Sun buyback program
Hot NewsLuxury

South Africa’s Tsogo Sun expands share buyback to $30 million amid stock decline

Tsogo Sun expanded its share buyback to $30.2 million, repurchasing nearly 40 million shares amid a 33% stock decline in…

Feyisayo Ajayi Feyisayo Ajayi
Co-op Bank Q1 2026 profit
BusinessHot News

Co-op Bank opens 2026 with $65 million under Gideon Muriuki

Co-op Bank posts $65 million Q1 profit as digital lending, deposits, and interest income growth drive strong earnings under Gideon…

Feyisayo Ajayi Feyisayo Ajayi
MTN CFO Tsholofelo Molefe salary 2025
BusinessHot News

South African executive Tsholofelo Molefe takes $3.2-million pay from MTN in 2025

MTN CFO Tsholofelo Molefe’s pay jumped to $3.2 million in 2025 as the telecom giant rebounded to profit and expanded…

Feyisayo Ajayi Feyisayo Ajayi
Botswana's capital city.
BusinessGlobal NewsHot News

Bank of Botswana raises rates, first African central bank to act since war shock

The decision reflects growing concern over inflation pressures that have started to build across fuel, transport, and essential services.

Omokolade Ajayi Omokolade Ajayi
Medhat Khalil Raya Holding stake surge
BusinessHot News

Egyptian tycoon Medhat Khalil’s family gains $173 million from Raya Holding in 2026

Medhat Khalil’s Raya stake jumps $173 million as shares rally on Egypt’s exchange, nearing a $350 million valuation in 2026.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe’s net worth slips $100 million to $3.8 billion

According to Forbes, which tracks global billionaire wealth, Motsepe’s fortune fell by $100 million, moving from $3.9 billion on April…

Omokolade Ajayi Omokolade Ajayi
Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
BusinessHot NewsTechnology

Axian Telecom rises after Oracle deal, ranks among Africa’s fastest-growing firms

The company climbed to No. 63 on the 2026 edition of the Financial Times ranking of Africa’s Fastest-Growing Companies, improving…

Omokolade Ajayi Omokolade Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

Femi Otedola increased his stake in First HoldCo after the lender posted a $233.5 million first-quarter profit, strengthening his influence…

Omokolade Ajayi Omokolade Ajayi
Orascom Construction earnings 2026
BusinessHot News

Orascom opens 2026 with $53.4 million profit as U.S. backlog doubles to $2.9 billion

Orascom Construction posts $53.4 million Q1 profit; U.S. backlog doubles to $2.9 billion; MEA growth

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica targets July results from Namibia oil well test at Kavango West

ReconAfrica advances Namibia oil test at Kavango West, with production results expected by mid-to-late July, boosting frontier energy outlook.

Feyisayo Ajayi Feyisayo Ajayi
Ebenezer Asante MTN salary 2025
BusinessHot News

Ghanaian telecom executive Ebenezer Asante earned $3.2 million from MTN in 2025

MTN executive Ebenezer Asante’s pay jumps 37.6% to $3.2 million in 2025 as telecom giant rebounds to strong profit growth.

Feyisayo Ajayi Feyisayo Ajayi
MeTL Kenya soda plant
BusinessHot News

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola in East Africa

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola and PepsiCo in East Africa through Mo Cola expansion strategy…

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa continues expanding mobile and digital services across African markets as subscriber growth accelerates.
BusinessHot NewsTechnology

Airtel Africa profit tops $800 million as data, mobile money growth accelerates

The London- and Lagos-listed telecoms operator said profit after tax rose 147.4 percent to $813 million in the 2026 financial…

Omokolade Ajayi Omokolade Ajayi
OPEC Fund for International Development.
BusinessGlobal NewsHot News

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

The Treasury said the funding will support parts of its ongoing reform program focused on easing operational challenges in key…

Omokolade Ajayi Omokolade Ajayi
TMG Q1 2026 profit growth
BusinessHot News

Egyptian billionaire Hisham Talaat Moustafa’s TMG Group opens 2026 with $104 million profit

TMG posts $104 million Q1 profit as revenue rises, backlog hits $8.65 billion, reinforcing Egypt real estate leader’s growth outlook.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Aliko Dangote courts Norway’s $2 trillion fund before $50 billion refinery IPO

The talks come as Dangote moves closer to a planned public listing of Dangote Petroleum Refinery & Petrochemicals, a transaction…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s crude output rises in April 2026, nears OPEC quota as exports expand

The improvement reflects output from producing assets and fewer disruptions tied to maintenance work and pipeline interruptions that weighed on…

Omokolade Ajayi Omokolade Ajayi
Rick Ross business empire
Hot NewsLuxury

10 business empires of Rick Ross

Rick Ross built a multi-million-dollar empire spanning music, fast food, spirits and real estate, turning hip-hop fame into lasting ownership.

African luxury manufacturing
Hot NewsLuxury

Africa’s luxury manufacturing boom: From watches to wines

Africa is reshaping its luxury identity, turning raw materials into world-class wines, watches, and fashion rooted in craftsmanship.

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
KCB eyes $54 million windfall from Prime Kenya land sale
BusinessLuxury

KCB eyes $54 million windfall from Prime Kenya land sale

KCB Group Plc, East Africa’s largest banking group by assets, is moving ahead with plans to raise about $54 million, or roughly Sh7 billion, from the sale of a long-disputed 2,000-acre parcel in Mavoko, Athi River. The land, tied to a past loan settlement, has become one of the bank’s most complex recovery cases in recent years.  The lender is…

Oluwatosin Alao Oluwatosin Alao
International Monetary Fund
BusinessHot News

Ghana approves final review of $3 billion IMF program amid economic reforms

Ghana completes final IMF review of $3bn program as reforms, gold exports and cedi gains drive economic stabilization.

Timilehin Adejumobi Timilehin Adejumobi
ZCCM Building
BusinessHot News

Zambia’s ZCCM eyes bigger stakes in Africa’s copper mines

ZCCM seeks larger stakes in Zambia’s copper mines as Africa races to benefit from rising global demand for critical minerals.

Timilehin Adejumobi Timilehin Adejumobi
Jaiz Bank stake decline
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 sentiment in Nigeria’s market

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s Eskom, Swiss Firm launch next-generation battery project
BusinessTechnology

South Africa’s Eskom, Swiss Firm launch next-generation battery project

South Africa is stepping up efforts to overhaul its power sector as state-owned utility Eskom joins forces with Swiss energy storage company Energy Vault to develop a large-scale gravity battery project aimed at cutting the country’s dependence on coal.  The project will be built at Eskom’s Hendrina Power Station in Mpumalanga, a coal-fired plant that has supplied electricity to South…

Oluwatosin Alao Oluwatosin Alao
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