Jens Montanana, Datatec Founder & CEO
BusinessDigitalHot NewsLatestTechnology

South African tycoon Jens Montanana to pocket $6.8 million in Datatec interim dividend

Datatec CEO Jens Montanana stands to receive $6.75 million in interim dividends as the South African technology group declares a…

Feyisayo Ajayi Feyisayo Ajayi
Sterling Financial Holdings Company Plc
BankingCompaniesHot News

Sterling Holdco’s nine-month profit rises to $56.1 million on strong core lending

Pretax profit for the period ended Sept. 30 advanced 37.1 percent to N97.28 billion ($72.42 million) from N70.96 billion ($52.83…

Omokolade Ajayi Omokolade Ajayi
Logo of Guaranty Trust Holding Company Plc (GTCO), Nigerian financial services provider.
BankingBusinessHot News

GTCO delivers $457.5 million nine-month profit as asset base nears $14 billion

Pretax earnings came in at N879.9 billion ($655.06 million) through Sept. 30, down slightly from N900.8 billion ($670.62 million) recorded…

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
CompaniesBillionairesHot News

Nigerian billionaire Aliko Dangote’s cement business posts $1.1 billion in 9M pre-tax profit

The earnings acceleration allowed Africa’s largest cement manufacturer to fully erase its debt obligations and pivot to a net positive…

Omokolade Ajayi Omokolade Ajayi
BusinessCompaniesEntrepreneursHot News

Guinea entrepreneur Ibrahima Diallo’s SOGUIPAL gets $5.6 million loan to expand yogurt production

Guinean entrepreneur Ibrahima Diallo’s SOGUIPAL secures a $5.6 million Proparco loan to expand yogurt production, create jobs and boost local…

Feyisayo Ajayi Feyisayo Ajayi
Paul Fokam
BusinessBankingHot News

Afriland First Bank Guinea records $217.3 million across 3 bond issues

Afriland First Bank Guinea records $217.3 million across three government bond issues, leading banks in Guinea’s 2026 allocation.

Feyisayo Ajayi Feyisayo Ajayi
Devland
BusinessHot NewsMarkets

Devland marks 37 years as Gathoo brothers expand retail empire

Devland marks 37 years in business as Mahomed and Shiraz Gathoo expand South Africa’s grocery retail and wholesale group through…

Feyisayo Ajayi Feyisayo Ajayi
Xavier Mugisha Shema
BankingBusinessExecutives

BPR Bank Rwanda names Xavier Shema acting MD as Mutesi exits   

BPR will begin the process of recruiting a substantive managing director, leaving Shema to oversee the lender during the leadership…

Timilehin Adejumobi Timilehin Adejumobi
Brian kennedy
BusinessExecutivesHot NewsLatest

Absa Group adds Brian Kennedy to Remuneration Committee 9 months after joining board

Absa Group appoints Brian Kennedy to its Remuneration Committee, nine months after joining the board as an independent non-executive director.

Feyisayo Ajayi Feyisayo Ajayi
MNT-Halan debt program
TechnologyFintechHot NewsInvestmentsLatest

MNT-Halan parent raises issued capital to $3.14 million after offering

MNT-Halan’s parent raises issued capital to $3.14 million after approving a $290,609 increase linked to its share offering.

Feyisayo Ajayi Feyisayo Ajayi
KFC bets big on South Africa with 100 new restaurant openings
BusinessExclusive

KFC bets big on South Africa with 100 new restaurant openings

KFC, the world's second-largest restaurant chain is planning a major expansion in South Africa, adding 100 new restaurants over the next year as it doubles down on its largest market on the continent. The move is expected to strengthen the chain’s lead in the country’s highly competitive fast-food industry.  The fried chicken brand already operates more than 1,200 outlets in…

African tech unicorns
TechnologyHot News

10 most valuable African tech unicorns

Africa’s tech ecosystem has produced billion-dollar startups solving payments, talent, and logistics gaps while attracting global investors.

Jens Montanana, Datatec Founder & CEO
BusinessDigitalHot NewsLatestTechnology

South African tycoon Jens Montanana to pocket $6.8 million in Datatec interim dividend

Datatec CEO Jens Montanana stands to receive $6.75 million in interim dividends as the South African technology group declares a $50.74 million payout.

Feyisayo Ajayi Feyisayo Ajayi
Sterling Financial Holdings Company Plc
BankingCompaniesHot News

Sterling Holdco’s nine-month profit rises to $56.1 million on strong core lending

Sterling Holdco’s nine-month profit rose 21% to $56.1 million on strong core lending, higher net interest income, and stable credit quality.

Omokolade Ajayi Omokolade Ajayi
Logo of Guaranty Trust Holding Company Plc (GTCO), Nigerian financial services provider.
BankingBusinessHot News

GTCO delivers $457.5 million nine-month profit as asset base nears $14 billion

GTCO reported $457.53 million in nine-month profit for 2026 as total assets climbed to $13.7 billion, supported by interest income, digital payments and regional banking growth.

Omokolade Ajayi Omokolade Ajayi
The Cape Town Edition Hotel
TourismHospitalityLuxury

Marriott opens $66 million Edition Hotel in Cape Town   

Marriott brings its Edition luxury hotel brand to Africa with a $66 million property at Cape Town’s V&A Waterfront.

Timilehin Adejumobi Timilehin Adejumobi
Sheik Mansour
Global NewsBusinessHot NewsLifestyleSports

Emirati billionaire Sheikh Mansour invests $133 million in Manchester City owner CFG at $8 billion valuation

Sheikh Mansour invests another $133 million in Manchester City owner CFG, raising his stake to 81% at an implied $7.86 billion valuation.

Feyisayo Ajayi Feyisayo Ajayi
Uganda-Kenya Coast Tourism Summit
TourismBusinessInvestments

Uganda and Kenya sign three deals to boost tourism, trade and investment  

Uganda-Kenya tourism deals aim to grow visitor numbers, trade and investment through three agreements signed in Mombasa in October.

Timilehin Adejumobi Timilehin Adejumobi
Africa’s richest man, Aliko Dangote.
CompaniesBillionairesHot News

Nigerian billionaire Aliko Dangote’s cement business posts $1.1 billion in 9M pre-tax profit

Dangote Cement’s nine-month pre-tax profit rose 41.5% to $1.1 billion as revenue climbed and debt was wiped out.

Omokolade Ajayi Omokolade Ajayi
Capitec
BusinessBankingBillionairesExecutivesHot NewsLatest

Inside Capitec: How South Africa’s $32 billion lender builds leaders from within

Capitec Bank builds leadership from within, grooming executives Gerrie Fourie and Graham Lee through internal development and succession planning.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Indimi
BusinessBankingBillionairesEnergyHot NewsLatest

Nigerian oil tycoon Mohammed Indimi’s Jaiz Bank stake slips to $76 million from over $135 million

Mohammed Indimi’s Jaiz Bank stake falls to $76 million from $135.7 million as shares decline ahead of the lender’s third-quarter results.

Feyisayo Ajayi Feyisayo Ajayi