South African businessman Rian Maartens
Hot NewsBusinessCompanies

South African businessman Rian Maartens’ Ipic buys 16-property Country Hotels

The transaction gives Ipic its first major hospitality platform and extends its geographic reach into the Northern Cape.

Omokolade Ajayi Omokolade Ajayi
BBS Bank Limited
BankingCompaniesHot News

Botswana’s BBS Bank posts $5.2 million half-year loss amid elevated funding costs

The performance prompted management to prioritize liquidity and funding quality over balance-sheet expansion.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
Hot NewsBusinessEnergy

Ladi Jadesimi’s LADOL to develop Liberia’s first major offshore oil logistics base

LADOL and the National Oil Company of Liberia signed the joint development agreement Oct. 3 in London.

Omokolade Ajayi Omokolade Ajayi
Santam becomes first African insurer to win Lloyd’s of London approval
Hot News

Sanlam offers $1.2 billion to take South Africa’s Santam private

Sanlam has offered $959.2 million to acquire minority shares in South African insurer Santam and take the 1964-listed company private.

Feyisayo Ajayi Feyisayo Ajayi
Gina Szymanski
ExecutivesLatest

Hammerson appoints Gina Szymanski as finance chief effective January 2027 

Hammerson appoints Gina Szymanski as CFO, effective January 2027, as the UK property group targets growth in retail real estate.

Feyisayo Ajayi Feyisayo Ajayi
Bashir Bayo Ojulari
EnergyBusinessCompaniesHot News

Bashir Bayo Ojulari leads Nigeria’s state oil giant NNPC to $5.4 billion profit

Higher crude and natural gas production helped cushion lower global oil prices and weaker domestic fuel volumes after deregulation.

Omokolade Ajayi Omokolade Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopian billionaire Mohammed Al-Amoudi’s net worth drops below $10 billion

The decline reflects a pullback in the valuation of assets that underpin much of Al-Amoudi’s fortune.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot News

South African billionaire Koos Bekker’s wealth drops by $800 million

The decline marks a reversal for the 73-year-old investor, whose fortune had climbed to $4 billion on Jan. 14.

Omokolade Ajayi Omokolade Ajayi
SPAR moves to rebuild revenue
CompaniesLatest

South Africa’s Peresec raises stake in SPAR by 3 million shares to $54 million

Peresec lifts its SPAR stake by 3 million shares above 10% as the retailer faces falling profits, rising debt and…

Feyisayo Ajayi Feyisayo Ajayi
Janet Waweru Luvai
ExecutivesLatest

Kenyan businessman Simon Wafubwa’s Enwealth appoints Janet Waweru as finance chief

Enwealth, founded by Kenyan businessman Simon Wafubwa, appoints Janet Waweru Luvai as CFO as pension assets and operations expand across…

Feyisayo Ajayi Feyisayo Ajayi
Lionel Matthews
ExecutivesLatest

Namibian executive Lionel Matthews takes chairmanship of Letshego Holdings 

Namibian financial executive Lionel Matthews becomes Letshego Holdings Namibia chairperson, adding another major board role to his four-decade career.

Feyisayo Ajayi Feyisayo Ajayi
MTN Scancom
MarketsLatest

MTN Ghana secures $202 million spectrum award to bolster 5G network

MTN Ghana secures $202 million in spectrum licences to expand 5G coverage, increase network capacity and strengthen broadband services nationwide.

Feyisayo Ajayi Feyisayo Ajayi
Ugandan Gospel Artist Mungu feni
EntrepreneursLatest

Why Uganda’s gospel artist Mungu Feni is behind bars over $3.3 million gold case

Ugandan gospel artist Mungu Feni faces investigation over an alleged $3.3 million gold fraud involving foreign investors and EuroGold Refinery.

Feyisayo Ajayi Feyisayo Ajayi
Mauritius’ ER Group
CompaniesBusinessHot News

Mauritius’ ER Group posts $153.7 million profit as hospitality drives growth

Profit before tax rose to MUR9.05 billion ($188.8 million) from MUR6.17 billion ($128.7 million) on a pro forma basis.

Omokolade Ajayi Omokolade Ajayi
Malagasy tycoon Hassanein Hiridjee
CompaniesHot NewsTechnology

Hassanein Hiridjee’s Axian expands Senegal data center for Africa’s AI boom

Hassanein Hiridjee’s Axian Group is expanding its Dakar data center as Africa’s demand for AI and cloud computing drives demand…

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesHot NewsMarkets

Africa’s first Black billionaire Patrice Motsepe loses $400 million in mining rout

Patrice Motsepe’s net worth has fallen by $400 million to $3.3 billion as weaker mining stocks pressure his African Rainbow…

Omokolade Ajayi Omokolade Ajayi
Nigeria’s state-owned oil company, NNPC.
EnergyBusinessHot News

Nigeria’s gas supply crosses 2 billion cubic feet daily to ease power crisis

The figures point to a larger resource base as Nigeria seeks to expand domestic gas use.

Omokolade Ajayi Omokolade Ajayi
Moroccan King Mohammed VI
BankingBillionairesHot News

As France retreats, Moroccan king’s bank claims ground in Ghana

Casablanca-based Attijariwafa Bank has agreed to acquire a controlling stake of more than 55% in the listed Ghanaian lender.

Omokolade Ajayi Omokolade Ajayi
Lytania Johnson
ExecutivesBusinessHot News

25-year climb puts $1 million FirstRand stake in South Africa’s FNB CEO hands

At Friday’s closing price of R89.7 ($5.4), her direct beneficial holding was valued at R17.58 million, or about $1.06 million.

Omokolade Ajayi Omokolade Ajayi
Paul Fokam
BankingLatest

Paul Fokam’s Afriland First Bank holds $898 million in securities against $1.4 billion in loans

Afriland First Bank held $898 million in securities against $1.43 billion in customer loans, highlighting its balance-sheet allocation in August…

Feyisayo Ajayi Feyisayo Ajayi
Fola Aiyesimoju
CompaniesLatest

Fola Aiyesimoju-led UAC of Nigeria to offload entire 43% stake in DP World Logistics to TGI

Fola Aiyesimoju-led UAC will sell its 43% stake in DP World Logistics to TGI, subject to regulatory approvals, as it reshapes its portfolio.

Kenyan banker John Gachora
Hot NewsBusiness

NCBA Bank takes control of Multiple Hauliers in $55.7 million debt dispute

NCBA Bank takes control of Multiple Hauliers in a KSh7.2 billion ($55.7 million) debt dispute as PwC administrators oversee the company.

South African businessman Rian Maartens
Hot NewsBusinessCompanies

South African businessman Rian Maartens’ Ipic buys 16-property Country Hotels

Rian Maartens’ Ipic Properties acquires Country Hotels, adding 16 hotels and lodges across the Western and Northern Cape to its expanding footprint.

Omokolade Ajayi Omokolade Ajayi
BBS Bank Limited
BankingCompaniesHot News

Botswana’s BBS Bank posts $5.2 million half-year loss amid elevated funding costs

BBS Bank recorded a $5.2 million half-year loss amid high funding costs and rising credit impairments as its commercial transition continues.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
Hot NewsBusinessEnergy

Ladi Jadesimi’s LADOL to develop Liberia’s first major offshore oil logistics base

Ladi Jadesimi’s LADOL will develop Liberia’s first major offshore oil logistics base in Buchanan under a new agreement with the state oil company.

Omokolade Ajayi Omokolade Ajayi
Santam becomes first African insurer to win Lloyd’s of London approval
Hot News

Sanlam offers $1.2 billion to take South Africa’s Santam private

Sanlam has offered $959.2 million to acquire minority shares in South African insurer Santam and take the 1964-listed company private.

Feyisayo Ajayi Feyisayo Ajayi
Sirius Real Estate
BusinessLatestLuxury

Sirius Real Estate rent roll rises 11.3% as acquisitions drive growth  

Sirius Real Estate rent roll rose 11.3% as acquisitions and organic growth lifted income across Germany and the U.K.

Timilehin Adejumobi Timilehin Adejumobi
Gina Szymanski
ExecutivesLatest

Hammerson appoints Gina Szymanski as finance chief effective January 2027 

Hammerson appoints Gina Szymanski as CFO, effective January 2027, as the UK property group targets growth in retail real estate.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopian billionaire Mohammed Al-Amoudi’s net worth drops below $10 billion

Mohammed Al-Amoudi’s net worth falls to $9.74 billion as asset valuations decline, while MIDROC targets 120,000 employees and 10 new hotels.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot News

South African billionaire Koos Bekker’s wealth drops by $800 million

Koos Bekker loses $800 million as tech selloffs hit Naspers and Prosus, cutting his fortune down to $3.2 billion.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesHot NewsMarkets

Africa’s first Black billionaire Patrice Motsepe loses $400 million in mining rout

Patrice Motsepe’s net worth has fallen by $400 million to $3.3 billion as weaker mining stocks pressure his African Rainbow Minerals and Harmony Gold holdings.

Omokolade Ajayi Omokolade Ajayi
Moroccan King Mohammed VI
BankingBillionairesHot News

As France retreats, Moroccan king’s bank claims ground in Ghana

Morocco’s royal-backed Attijariwafa Bank snaps up Société Générale’s majority stake in Ghana, marking a bold power shift into Anglophone West Africa.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessBillionairesHot News

Aliko Dangote’s $16 billion Kenya refinery faces fresh legal challenge

Aliko Dangote’s $16 billion Kenya refinery faces legal scrutiny over public funding, state guarantees, and disputed coastal land in Lamu.

Omokolade Ajayi Omokolade Ajayi
Alex Karp, the chief executive officer of Palantir Technologies
BillionairesEntrepreneursHot News

Richest Black US billionaire Alex Karp buys 37,000-acre Swedish forest

Palantir CEO Alex Karp buys 37,000 acres of Swedish forest for about $22 million as his fortune surpasses $20 billion.

Omokolade Ajayi Omokolade Ajayi
Sirius Real Estate
BusinessLatestLuxury

Sirius Real Estate rent roll rises 11.3% as acquisitions drive growth  

Sirius Real Estate rent roll rose 11.3% as acquisitions and organic growth lifted income across Germany and the U.K.

Timilehin Adejumobi Timilehin Adejumobi

Argyle Grand Hotel: Nairobi’s luxury gateway near JKIA

Argyle Grand Hotel Nairobi offers luxury rooms, dining, wellness and airport convenience near JKIA, making it ideal for stopovers.

Timilehin Adejumobi Timilehin Adejumobi
South African Tourists
TourismLifestyle

South Africa tops 7.5 million tourist arrivals as August visits exceed 1 million

South Africa tourist arrivals topped 7.5 million by August 2026 as monthly visits crossed 1 million, boosting tourism investment prospects.

Timilehin Adejumobi Timilehin Adejumobi
Voco hotels, IHG Hotels & Resorts’ fastest-growing premium brand
HospitalityBusinessHot NewsLifestyle

IHG’s voco hotels opens first East African property in Nairobi

IHG Hotels & Resorts has opened voco Nairobi Airport Suites, its first voco property in East Africa, adding 112 suites near Jomo Kenyatta International Airport.

Omokolade Ajayi Omokolade Ajayi
Ugandan tycoon Ponsiano Ngabirano
BusinessCompaniesHospitalityHot News

Ugandan tycoon Ponsiano Ngabirano’s Marriott Hotel valued at $166M after pension deal

Ponsiano Ngabirano’s Kampala Marriott Hotel is valued at $166 million after Uganda’s NSSF invested $50 million for a 30% stake.

Omokolade Ajayi Omokolade Ajayi
Shah Palace Zanzibar
TourismLuxury

Shah Palace Zanzibar: A new luxury escape in East Africa

Shah Palace Zanzibar opens a 50-key luxury resort on Zanzibar’s northeast coast, blending Swahili heritage, oceanfront villas and wellness.

Oluwatosin Alao Oluwatosin Alao
Malagasy tycoon Hassanein Hiridjee
CompaniesHot NewsTechnology

Hassanein Hiridjee’s Axian expands Senegal data center for Africa’s AI boom

Hassanein Hiridjee’s Axian Group is expanding its Dakar data center as Africa’s demand for AI and cloud computing drives demand for local server capacity.

Omokolade Ajayi Omokolade Ajayi
Strive Masiyiwa
Hot NewsTechnology

IFC commits $50 million to Liquid’s planned $350 million bond

IFC commits up to $50 million to Liquid Telecom’s planned $350 million bond, supporting network expansion and debt refinancing across Africa.

Feyisayo Ajayi Feyisayo Ajayi
MTN Group
BusinessTechnology

MTN wins Competition Commission nod for IHS takeover

MTN’s IHS takeover advances as South Africa’s Competition Commission backs the $2.2 billion deal with competition safeguards.

Timilehin Adejumobi Timilehin Adejumobi
Absa Group, South Africa’s third-biggest lender.
BankingBusinessTechnology

Absa becomes first African Bank to offer digital-asset custody

Absa becomes Africa’s first bank to offer digital-asset custody, targeting a $1.5 billion South African crypto market.

Oluwatosin Alao Oluwatosin Alao
Discovery Bank unveils Superbank for a single digital banking platform
BusinessBankingTechnology

Discovery Bank unveils Superbank for a single digital banking platform

Discovery Bank launches its Superbank as it targets R3 billion profit by 2029 and expands its digital platform across Discovery’s ecosystem.

Oluwatosin Alao Oluwatosin Alao
Xpress smart trolleys
BusinessTechnology

Checkers brings Xpress smart trolleys to new upmarket South Africa store

Checkers is rolling out Xpress smart trolleys at its new Midstream Estate store, bringing scan-and-go shopping technology to Gauteng shoppers.

Oluwatosin Alao Oluwatosin Alao