IFA Hotels
LifestyleHospitalityHot News

Kuwait’s IFA Hotels plans $61 million South African property rollout

Kuwait’s IFA Hotels plans a $61 million South African property rollout over five years, starting with 146 luxury homes at…

Feyisayo Ajayi Feyisayo Ajayi
Capricorn group
CompaniesBusinessHot News

Namibia’s Capricorn Group seeks approval for Centrafin control change

Namibia’s Capricorn Group seeks noteholder approval for its planned Centrafin acquisition, with a Nov. 16 deadline to avoid debt servicing…

Feyisayo Ajayi Feyisayo Ajayi
Nedbank
BusinessBankingHot News

Nedbank’s $856 million NCBA takeover becomes unconditional

Nedbank’s $856 million takeover of Kenya’s NCBA Group has become unconditional, paving the way for settlement and completion in November…

Feyisayo Ajayi Feyisayo Ajayi
Ninety One
BusinessCompaniesHot News

South Africa’s Ninety One buys back $29 million in shares across UK, JSE

The capital sweep broadened this month to South Africa.

Omokolade Ajayi Omokolade Ajayi
Dr. Awele Vivien Elumelu.
Hot NewsBusinessHospitality

Dr. Awele Elumelu leads Transcorp Hotels to $11.7 million nine-month profit

The Abuja-based hotel operator increased earnings despite softer accommodation and food sales across its core business.

Omokolade Ajayi Omokolade Ajayi
Glencore
MiningBusinessCompaniesHot News

Glencore backs South Africa copper revival with $40 million bet

Orion expects to process its first ore by late 2027, capping nearly a decade of technical reviews, permitting, and financing…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

After New York and Paris talks, Nigerian billionaire Tony Elumelu leads $15 billion West Africa infrastructure push

The push mirrors wider public sector efforts across West Africa to integrate regional power grids and pipeline systems.

Omokolade Ajayi Omokolade Ajayi
Shirley Machaba
ExecutivesHot News

Former PwC South Africa CEO Shirley Machaba joins Sun International board 

Former PwC Southern Africa CEO Shirley Machaba joins Sun International’s board and audit committee, bringing over 35 years of governance…

Feyisayo Ajayi Feyisayo Ajayi
Michael Ade-Ojo Custodian stake
BusinessBillionairesMarkets

Nigerian auto magnate Michael Ade-Ojo’s stake in Custodian drops to $60 million

Ade-Ojo, founder and chairman of Elizade Motors Ltd., holds more than 1.14 billion Custodian shares through Mikeade Investments Ltd. and…

Timilehin Adejumobi Timilehin Adejumobi
Fairvest
BusinessCompaniesHot NewsLatest

Fairvest doubles fundraising target to $76 million as investors back retail expansion

Fairvest raises $76 million in an oversubscribed equity offering, more than doubling its target to fund retail property acquisitions.

Feyisayo Ajayi Feyisayo Ajayi
Stanbic IBTC Q1 2026 profit
BusinessHot News

Nigeria’s Stanbic IBTC Holdings opens 2026 with $84 million profit

Stanbic IBTC posts $84 million Q1 2026 profit, driven by trading gains, rising fees, and strong non-interest income growth.

Babban Gona, Nigerian maize farmers
BusinessHot News

Inside Babban Gona, One of the world’s largest maize farming cooperative

Babban Gona unites 80,000 Nigerian small farmers into one vast maize network, reshaping Africa’s smallholder agriculture.

Capricorn group
CompaniesBusinessHot News

Namibia’s Capricorn Group seeks approval for Centrafin control change

Namibia’s Capricorn Group seeks noteholder approval for its planned Centrafin acquisition, with a Nov. 16 deadline to avoid debt servicing disruptions.

Feyisayo Ajayi Feyisayo Ajayi
STM Investment
BusinessInvestments

STM Investment targets $3.7 billion in sales at Egypt’s Kayan City

Kayan City Egypt targets $3.7 billion in first-phase sales as STM Investment develops a major mixed-use project in East Cairo.

Timilehin Adejumobi Timilehin Adejumobi
Nedbank
BusinessBankingHot News

Nedbank’s $856 million NCBA takeover becomes unconditional

Nedbank’s $856 million takeover of Kenya’s NCBA Group has become unconditional, paving the way for settlement and completion in November 2026.

Feyisayo Ajayi Feyisayo Ajayi
IFA Hotels
LifestyleHospitalityHot News

Kuwait’s IFA Hotels plans $61 million South African property rollout

Kuwait’s IFA Hotels plans a $61 million South African property rollout over five years, starting with 146 luxury homes at Zimbali Lakes.

Feyisayo Ajayi Feyisayo Ajayi
Durban plans $115 million superyacht Marina to attract luxury tourism to Africa
TourismLuxury

Durban plans $115 million superyacht Marina to attract luxury tourism to Africa

Durban is planning a $115.6 million superyacht marina targeting 2,500 jobs and luxury tourism spending, with visits expected from 2028.

Oluwatosin Alao Oluwatosin Alao
Mkomazi National Park - Rhinos
TourismTravels

Mkomazi National Park tourist numbers more than triple after Rhino launch   

Mkomazi National Park tourist numbers topped 10,000 by September 2026, more than tripling after its black rhino tourism launch.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

After New York and Paris talks, Nigerian billionaire Tony Elumelu leads $15 billion West Africa infrastructure push

Tony Elumelu leads a $15 billion West Africa infrastructure push as investors target power, transport, trade and digital networks.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group
BusinessBillionaires

Aliko Dangote’s refinery draws investors across Africa

Africa’s richest man Aliko Dangote attracts investors from 51 African countries as his refinery reports $4.7 billion in nine-month profit.

Oluwatosin Alao Oluwatosin Alao
Michael Ade-Ojo Custodian stake
BusinessBillionairesMarkets

Nigerian auto magnate Michael Ade-Ojo’s stake in Custodian drops to $60 million

Michael Ade-Ojo's Custodian stake falls to $60 million as shares retreat, despite stronger revenue and profit in H1 2026.

Timilehin Adejumobi Timilehin Adejumobi