Elsewedy Electric
BusinessHot News

Elsewedy Electric expands Saudi footprint with Qiddiya, Monorail and solar projects

Elsewedy Electric completes Qiddiya cable supply, boosting Saudi infrastructure, energy projects and Vision 2030 ambitions.

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Eni
BusinessHot News

Eni gets IFC support for $400 million Africa biofuel project 

IFC weighs up to $250 million financing for Eni’s $400 million Africa biofuel project, expanding agribusiness, supply chains, and rural…

Feyisayo Ajayi Feyisayo Ajayi
Ongwe Minerals
Hot NewsBusiness

Ongwe Minerals expands 6km gold discovery in Namibia, sets 5,000 m drilling campaign

Ongwe Minerals expands a 6km gold anomaly at Namibia’s Nguni prospect, advancing toward a 5,000-meter drilling campaign.

Feyisayo Ajayi Feyisayo Ajayi
Tina Rookledge
BusinessHot News

South African executive Tina Rookledge takes over as Pick n Pay’s finance chief

Pick n Pay appoints Tina Rookledge CFO after Lerena Olivier retires, advancing leadership succession and retailer turnaround strategy.

Feyisayo Ajayi Feyisayo Ajayi
Mbali Motanyane
BusinessHot News

South African executive Mbali Motanyane joins Exxaro following Dawood Cassim’s retirement

Exxaro appoints finance executive Mbali Motanyane as debt officer, succeeding retiring veteran Dawood Cassim after three decades.

Feyisayo Ajayi Feyisayo Ajayi
Close-up of South African Airways aircraft.
BusinessHot News

SAA, Emirates deepen alliance with expanded Africa route network

The deal moves the partnership into a reciprocal codeshare following recent regulatory approvals.

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African electric mobility company Spiro.
TechnologyBusinessHot News

Spiro opens seventh Rwanda battery swap hub after securing $270 million funding

The new facility significantly increases the company's capacity in Rwanda, allowing more riders to swap depleted batteries quickly instead of…

Omokolade Ajayi Omokolade Ajayi
Cameroonian businessman Elvis Mouafo
Hot NewsBusiness

Cameroonian businessman Elvis Mouafo launches Elvi Energy to enter petroleum sector

Elvis Mouafo launches Elvi Energy to enter Cameroon’s regulated petroleum market, pending approvals and strategy clarity.

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Kenyan banker John Gachora
Hot NewsBusiness

Kenyan banker John Gachora leads NCBA Group to $95.8 million half-year profit

Profit before tax for the six months ended June 30, 2026, climbed 14.3 percent to $120 million from $104.7 million…

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World’s richest Black person Aliko Dangote
BillionairesBusinessHot News

Aliko Dangote to use $5 billion IPO to expand Lagos refinery, build Kenya plant

Designed to process 700,000 barrels of crude oil a day, the Lamu facility is expected to become East Africa’s largest…

Omokolade Ajayi Omokolade Ajayi
Zimbabwe tycoon Simon Rudland
BusinessHot News

Zimbabwe tycoon Simon Rudland opens $25 million citrus plant, creating 1,500 jobs

Operated by Orangeville, the facility will supply citrus juice to local beverage makers, including Schweppes Zimbabwe Limited, while serving export…

Omokolade Ajayi Omokolade Ajayi
British-Nigerian entrepreneur Ladi Delano
TechnologyBusinessHot News

Ladi Delano’s Moove hits $2.1 billion valuation after $250 million funding

The investment turns the firm into Africa’s newest tech unicorn as it expands beyond human-driven ride-hailing into the physical back-end…

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

Johannesburg Stock Exchange eyes Dangote refinery secondary listing after planned $5 billion IPO

Johannesburg Stock Exchange eyes Dangote refinery secondary listing after planned $5 billion Lagos IPO, expanding African investor access.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

Abdul Samad Rabiu’s BUA Foods plans new noodle, oil lines after $215 million half-year profit

The plans were outlined during the company's H1 2026 Investors & Analysts Conference Call.

Omokolade Ajayi Omokolade Ajayi
South African businessman Marcel Golding
BusinessHot News

South African businessman Marcel Golding’s Geomer raises Vunani stake to $5 million

Marcel Golding’s Geomer Investments lifts Vunani stake above $5 million, crossing 20% ownership threshold despite share price decline.

Feyisayo Ajayi Feyisayo Ajayi
Sanlam
BusinessHot News

Sanlam’s assets under management hit $4 billion, delivers $208 million

Sanlam’s assets near $4 billion as insurer posts $208 million return, underscoring resilience of conservative investment strategy.

Feyisayo Ajayi Feyisayo Ajayi
World’s richest Black person Aliko Dangote
BillionairesBusinessHot News

World’s richest Black person Aliko Dangote’s refinery targets $5 billion listing after $2.5 billion pitch

Dangote plans to use the new capital to expand processing capacity at the Lagos site and build a similar facility…

Omokolade Ajayi Omokolade Ajayi
South African businessman Robert Gumede
BusinessBillionairesHot News

Robert Gumede’s Vision Group targets $1.1 billion acquisition of sugar leader Illovo

The proposed takeover would pull the continent’s top sugar, ethanol, and bioenergy assets under a single African-owned business.

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Elon Musk
TechnologyBusinessExclusive

Elon Musk’s SpaceX revenue jumps 92% to $7.8 billion, beats expectations

SpaceX said second-quarter revenue rose 92 percent to $7.8 billion, topping the $6.9 billion average estimate of analysts polled by…

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Femi Otedola targets 51% stake in First HoldCo after record N6 trillion market cap

The billionaire investor said he plans to increase his stake to 51 percent, reinforcing his long-term commitment to the parent…

Omokolade Ajayi Omokolade Ajayi
Zambia’s Luanshya copper mine
BusinessHot News

Zambia’s Luanshya copper mine set to restart after 20 years shutdown

Luanshya mine revival signals Zambia’s push to triple copper output, backed by CNMC’s $710 million investment plan.

Caxton interim results 2025
BusinessHot News

South African media tycoon Terrence Moolman gains $17 million from Caxton shares in 2026 rally

Terrence Moolman nets $17 million as Caxton & CTP Publishers shares rally on Johannesburg Stock Exchange, strengthening wealth and industry influence in South Africa.

Elsewedy Electric
BusinessHot News

Elsewedy Electric expands Saudi footprint with Qiddiya, Monorail and solar projects

Elsewedy Electric completes Qiddiya cable supply, boosting Saudi infrastructure, energy projects and Vision 2030 ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Alapala opens 250 TPD flour mill in Côte d’Ivoire, expands Africa presence
BusinessTechnology

Alapala opens 250 tpd flour mill in Côte d’Ivoire, expands Africa presence

Alapala expands in Africa with a 250 TPD flour mill in Côte d'Ivoire and launches the energy-efficient Similago III milling system.

Oluwatosin Alao Oluwatosin Alao
Eni
BusinessHot News

Eni gets IFC support for $400 million Africa biofuel project 

IFC weighs up to $250 million financing for Eni’s $400 million Africa biofuel project, expanding agribusiness, supply chains, and rural economies.

Feyisayo Ajayi Feyisayo Ajayi
IDC targets $3.15 billion in funding to drive Africa’s industrial growth
BusinessHot News

IDC targets $3.15 billion in funding to drive Africa’s industrial growth

South Africa’s IDC plans $3.15 billion funding to support manufacturing, energy, mining and industrial growth under a new strategy.

Oluwatosin Alao Oluwatosin Alao
Ongwe Minerals
Hot NewsBusiness

Ongwe Minerals expands 6km gold discovery in Namibia, sets 5,000 m drilling campaign

Ongwe Minerals expands a 6km gold anomaly at Namibia’s Nguni prospect, advancing toward a 5,000-meter drilling campaign.

Feyisayo Ajayi Feyisayo Ajayi
Jambojet
BusinessHot News

Kenya’s Jambojet expands in Africa with first Ghana airline maintenance deal

Jambojet Ghana maintenance deal expands Africa's MRO market as Kenya's airline secures its first aircraft servicing contract in Ghana.

Timilehin Adejumobi Timilehin Adejumobi
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