Ibrahim Sagna African investment strategy
BusinessHot News

Ibrahim Sagna hails Fatima Dangote after Africa’s largest $2.5 billion private placement

Dangote refinery raises $2.5 billion in record private placement, drawing strong praise from investor including Ibrahim Sagna ahead of planned…

Feyisayo Ajayi Feyisayo Ajayi
Ali Dayekh
BusinessHot News

Meet Egypt’s businessman, Ali Dayekh, with over $150 million worth of shares on EGX

Egypt's businessman, Ali Dayekh holds over $150 million in EGX shares, with major stakes in banking, distribution, and investment firms.

Feyisayo Ajayi Feyisayo Ajayi
Trans-Gabon Railway
BusinessHot News

Proparco, IFC back $356 million upgrade of Trans-Gabon Railway

Proparco and IFC back $356 million Trans-Gabon Railway upgrade, boosting infrastructure, safety and regional connectivity.

Feyisayo Ajayi Feyisayo Ajayi
Ali Dayekh
BusinessHot News

Egyptian-Saudi businessman Ali Hassan Ali Dayekh suffers $15 million loss in 100 days

Egyptian-Saudi investor Ali Dayekh loses $15 million in 100 days as Credit Agricole Egypt shares slide on sustained selling pressure.

Feyisayo Ajayi Feyisayo Ajayi
Andrew Mukite Musangi
BusinessHot News

Meet Andrew Musangi, corporate lawyer at the center of Kenya’s financial power

Andrew Musangi, CBK chair and corporate lawyer, sits at the heart of Kenya’s financial power, blending legal expertise with boardroom…

Feyisayo Ajayi Feyisayo Ajayi
BUA Foods
BusinessBillionairesHot News

BUA Foods nears peak ahead of H1 2026 results as market braces

BUA Foods trades near peak ahead of H1 2026 results, with investors watching for a familiar earnings-driven cycle and limited…

Feyisayo Ajayi Feyisayo Ajayi
Helios Towers 2026
BusinessHot News

Helios takes T2S Group public in $120 million Casablanca IPO at $520 million valuation

Helios lists T2S Group in $120 million Casablanca IPO, valuing the med-tech firm at $520 million amid strong investor demand.

Feyisayo Ajayi Feyisayo Ajayi
Amethis
BusinessHot News

Amethis MENA Fund III to get $28 million equity commitment from IFC

IFC considers up to $28 million investment in Amethis MENA Fund III, boosting small-cap private equity across Morocco, Egypt and…

Feyisayo Ajayi Feyisayo Ajayi
David Wiens
BusinessHot News

Asante Gold’s finance chief David Wiens resigns after leading $1 billion financing drive

Asante Gold CFO David Wiens resigns after three years, following a $1 billion financing drive supporting Ghana expansion.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Phuthi Mahanyele-Dabengwa
Hot NewsBusiness

South African executive Phuthi Mahanyele-Dabengwa reveals $1.7 billion investment in France’s innovation ecosystem

Prosus and parent company Naspers have poured €1.5 billion ($1.7 billion) into French technology companies, expanding the group’s footprint across…

Omokolade Ajayi Omokolade Ajayi
Nigerian business leader Emmanuel Nnorom
ExclusiveBusiness

Meet Emmanuel Nnorom: Nigerian business leader set to chair $24.5 billion UBA Group

The appointment marks another chapter for an executive whose career has closely tracked the evolution of Nigeria's modern financial sector.

Omokolade Ajayi Omokolade Ajayi
South African retail giant The Foschini Group
Hot NewsBusiness

South African retail leader TFG sinks to 16-year low, wiping out $606 million

The decline reflects a 15.75 percent drop over the past month and a 37 percent plunge since January, knocking $606…

Omokolade Ajayi Omokolade Ajayi
African tech unicorns
BusinessGlobal NewsHot NewsTechnology

Naspers, led by Koos Bekker, returned $46 billion through buybacks

Naspers returned $46 billion via buybacks, repurchasing over 22 million shares to boost value and narrow its Tencent discount.

Feyisayo Ajayi Feyisayo Ajayi
Kenyan tycoon Ronald Karauri
BusinessHot News

Kenyan tycoon Ronald Karauri’s grip on SportPesa weakens after UAE investors gain control

Karauri, who serves as SportPesa’s CEO, now owns 3 percent, down from 13.4 percent.

Omokolade Ajayi Omokolade Ajayi
South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi leads FirstRand back as Africa’s most valuable lender with $32.4 billion market cap

FirstRand reclaimed the top spot after its shares rose 70 basis points in early trading on Monday, July 27, lifting…

Omokolade Ajayi Omokolade Ajayi
UBA sweeps top honours at 2026 Euromoney Awards
Hot NewsBusiness

UBA sweeps top honors at 2026 Euromoney Awards, named Nigeria’s Best ESG, Retail Bank

The recognition comes as UBA continues to expand its retail business while increasing investment in sustainable finance across its African…

Omokolade Ajayi Omokolade Ajayi
Cell C market value rebounds
BusinessHot News

Brett and Mark Levy’s Cell C rebounds above $537 million after shedding $92 million

Cell C rebounds above $537 million after a post-listing slump, as improving fundamentals meet lingering investor caution on the JSE.

Feyisayo Ajayi Feyisayo Ajayi
Shoprite's founding CEO, Whitey Basson
BusinessHot News

Shoprite’s rise under its founding CEO Whitey Basson: From 8 stores to retail giant in 37 years

How Whitey Basson transformed Shoprite from eight stores into Africa’s largest retailer through acquisitions, expansion, and a focus on affordability.

Feyisayo Ajayi Feyisayo Ajayi
Zambia Hilton hotel
LuxuryHot News

Hilton Lusaka project to cost nearly $100 million as Asmara Holdings backs Zambia expansion

Hilton’s $100 million Lusaka hotel project, backed by Asmara Holdings, signals rising investor confidence in Zambia’s hospitality sector.

Feyisayo Ajayi Feyisayo Ajayi
World's richest person Elon Musk.
Hot NewsBillionairesBusiness

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

Investors are also watching Starship, SpaceX’s next-generation launch system, which remains central to the company’s long-term plans.

Omokolade Ajayi Omokolade Ajayi
Ifrane, Morocco
Hot NewsTourism

Top 10 coldest tourist cities in Africa

Africa’s 10 coldest tourist cities, from Morocco’s snow-capped peaks to Lesotho’s icy highlands and South Africa’s starry nights.

BusinessHot News

Mabany Edris: one of Egypt’s top real estate firm

Mabany Edris, Egypt's top real estate developer, expands with upscale housing, commercial hubs, and tourism projects, driving Cairo’s growth.

Ibrahim Sagna African investment strategy
BusinessHot News

Ibrahim Sagna hails Fatima Dangote after Africa’s largest $2.5 billion private placement

Dangote refinery raises $2.5 billion in record private placement, drawing strong praise from investor including Ibrahim Sagna ahead of planned IPO and global expansion push.

Feyisayo Ajayi Feyisayo Ajayi
Harena Rare Earths
BusinessHot News

Madagascar’s rare earths draw US support as China supply grip tightens

Madagascar rare earths gain U.S. backing as Washington seeks alternatives to China’s grip on critical mineral supply chains.

Timilehin Adejumobi Timilehin Adejumobi
Ali Dayekh
BusinessHot News

Meet Egypt’s businessman, Ali Dayekh, with over $150 million worth of shares on EGX

Egypt's businessman, Ali Dayekh holds over $150 million in EGX shares, with major stakes in banking, distribution, and investment firms.

Feyisayo Ajayi Feyisayo Ajayi
Trans-Gabon Railway
BusinessHot News

Proparco, IFC back $356 million upgrade of Trans-Gabon Railway

Proparco and IFC back $356 million Trans-Gabon Railway upgrade, boosting infrastructure, safety and regional connectivity.

Feyisayo Ajayi Feyisayo Ajayi
Crypto Exchange Luno cuts 20% of global jobs in major restructuring
BusinessTechnology

Crypto Exchange Luno cuts 20% of global jobs in major restructuring

Luno cuts 20% of jobs as the crypto exchange restructures operations, expands institutional services and targets emerging market growth.

Oluwatosin Alao Oluwatosin Alao
Epitone Health villages
BusinessHot News

New $6 million Epione Health Village opens in South Africa’s Rosebank   

Epione Health Village opens in Rosebank, bringing doctors, surgery, diagnostics and pharmacy under one roof.

Timilehin Adejumobi Timilehin Adejumobi
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