BusinessHot News

Hammerson’s 2026 divestments hit $100 million at premium to book value

Hammerson’s 2026 divestments reach $100 million, achieving a premium to book value as the firm accelerates capital recycling into core…

Feyisayo Ajayi Feyisayo Ajayi
Julius Rone
BusinessHot News

Nigerian tycoon Julius Rone’s UTM Offshore clears hurdle for $5 billion gas project

Julius Rone's UTM Offshore secures 15-year gas deal, clearing key hurdle for $5 billion FLNG project and paving way for…

Feyisayo Ajayi Feyisayo Ajayi
Tatu City
BusinessHot News

Tatu City ownership battle escalates as court ruling triggers $15 million fallout

Tatu City dispute deepens after court ruling, as minority investors pursue fresh arbitration to salvage stakes amid $15 million fallout.

Feyisayo Ajayi Feyisayo Ajayi
Centre Point, formerly known as the Famfa Oil Tower.
ExclusiveBillionairesLuxury

How Nigeria’s richest woman built a $100 million Lagos tower without a bank loan

Positioned at the corner of Alfred Rewane (Kingsway) Road in Ikoyi, Centre Point commands attention through its distinctive architecture.

Omokolade Ajayi Omokolade Ajayi
Kenyan tycoon Baloobhai Patel
BusinessHot News

Kenyan tycoon Baloobhai Patel’s stake in Absa Kenya nears $30 million

Kenyan investor Baloobhai Patel’s Absa Kenya stake nears $30 million as shares rally on strong earnings and rising investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Gautam Adani
BillionairesBusinessHot News

Gautam Adani’s port arm targets Africa expansion after $10 billion fundraising surge

Gautam Adani's port arm targets Africa expansion after raising nearly $10 billion, positioning to capture rising trade flows across Asia,…

Feyisayo Ajayi Feyisayo Ajayi
Flutterwave logo representing Africa’s most valuable tech unicorn.
TechnologyBusinessHot News

Circle backs Flutterwave after Ripple deal valued the fintech at $3.3 billion

The integration aims to cut transaction costs and eliminate settlement delays by operating outside traditional banking hours.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egypt launches child-focused SIM services to strengthen online safety

Egypt launches child-focused SIM services, Etmaen and Etmaen Ala El Akher, to enhance online safety with built-in network protections.

Feyisayo Ajayi Feyisayo Ajayi
Edita $9.3 million loan Egypt
BusinessHot News

IFC weighs $25 million financing for Edita’s Iraq expansion

IFC considers $25 million financing for Edita’s Iraq expansion, backing capacity growth, upgrades, and regional ambitions beyond Egypt.

Feyisayo Ajayi Feyisayo Ajayi
Senegal’s first offshore oil project.
Hot NewsBusiness

Senegal’s Sangomar oil field pumps nearly 18 million barrels in first half as expansion plans advance

The project produced 3.1 million barrels in January, 2.8 million in February, 3.1 million in March, 2.9 million in April,…

Omokolade Ajayi Omokolade Ajayi
Hassan Allam
BusinessHot News

Hassan Allam Utilities gets $30 million funding for Egypt’s Minya solar project

Hassan Allam Utilities secures $30 million EAAIF loan for Egypt’s Minya solar and battery project, boosting renewable capacity and grid…

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank Group Chairpersons
BusinessHot News

Standard Bank Group: 10 chairpersons driving growth across Africa

Standard Bank’s chairpersons anchor governance, risk oversight, and growth across 20 African markets, strengthening trust and long-term performance.

Feyisayo Ajayi Feyisayo Ajayi
ADvTECH
BusinessHot News

PIC lifts ADvTECH stake to $319 million as valuation nears $1.6 billion

PIC raises its ADvTECH stake to $319 million as the education giant nears a $1.6 billion valuation on strong earnings…

Feyisayo Ajayi Feyisayo Ajayi
South African banker Ben Kruger.
Hot NewsBusiness

Former Standard Bank CEO Ben Kruger’s stake tops $4 million as shares climb

The gain further strengthens his standing among South Africa’s wealthy individual investors on the Johannesburg Stock Exchange (JSE).

Omokolade Ajayi Omokolade Ajayi
Aradel refinery chief Temitayo Ogunbanjo.
Hot NewsBusiness

Aradel refinery chief Temitayo Ogunbanjo sells $3.3 million stake as shares slide 37%

Based on the disclosed price, the shares were worth about N4.53 billion ($3.3 million).

Omokolade Ajayi Omokolade Ajayi
Mauritius-based insurance group MUA Limited
Hot NewsBusiness

MUA posts higher first-quarter profit as Mauritius offsets Kenya, Uganda weakness

Profit after tax for the three months ended March 31, 2026, rose to MUR112.3 million ($2.4 million).

Omokolade Ajayi Omokolade Ajayi
Professor Deji Olanrewaju
Hot NewsBusiness

Zedvance names former CIBN president Deji Olanrewaju board chairman as lending push gathers pace

The appointment comes as Zedvance prepares for its next phase of growth, with the company seeking to expand its lending…

Omokolade Ajayi Omokolade Ajayi
10 oldest publicly listed company
BusinessHot News

10 oldest publicly listed companies in South Africa

South Africa’s oldest listed firms trace over a century of resilience, evolving from gold mining roots into diversified global businesses.

Feyisayo Ajayi Feyisayo Ajayi
IFC Marquardt Tunisia loan
BusinessHot News

IFC weighs $59 million loan for Marquardt Tunisia automotive manufacturing expansion

IFC considers $59 million loan to expand Marquardt’s Tunisia operations, boosting advanced manufacturing and supply chain growth.

Feyisayo Ajayi Feyisayo Ajayi
Coca-Cola HBC
BusinessHot News

Coca-Cola HBC launches Cairo tech hub to boost digital outsourcing growth

Coca-Cola HBC launches Cairo tech hub to support 27 markets, boosting Egypt’s rise as a digital outsourcing and export services…

Feyisayo Ajayi Feyisayo Ajayi
Garden Route, South Africa
Hot NewsTourism

Africa’s top 10 most beautiful coastlines

Africa’s stunning 46,000 km coastline blends natural beauty, history, and vibrant cultures, driving tourism, trade, and economic growth while facing sustainability challenges.

Cave-Suites kagga kamma
LuxuryTourism

TPF Hospitality adds Kagga Kamma Eco Lodge & Spa to its portfolio

TPF Hospitality adds Kagga Kamma Eco Lodge & Spa, expanding its luxury travel portfolio in South Africa’s Cederberg mountains.

EBID approves $417 million for West Africa infrastructure, healthcare projects
BusinessHot News

EBID approves $417 million for West Africa infrastructure, healthcare projects

EBID approves $417 million for West Africa projects, funding infrastructure, healthcare, housing and mining developments across the region.

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Hammerson’s 2026 divestments hit $100 million at premium to book value

Hammerson’s 2026 divestments reach $100 million, achieving a premium to book value as the firm accelerates capital recycling into core assets.

Feyisayo Ajayi Feyisayo Ajayi
Newlyn Group
BusinessHot News

Newlyn Group secures $305 million Absa CIB backing to expand Africa projects

Newlyn Group logistics infrastructure funding secures $305 million Absa CIB backing to expand South Africa’s industrial projects.

Timilehin Adejumobi Timilehin Adejumobi
Julius Rone
BusinessHot News

Nigerian tycoon Julius Rone’s UTM Offshore clears hurdle for $5 billion gas project

Julius Rone's UTM Offshore secures 15-year gas deal, clearing key hurdle for $5 billion FLNG project and paving way for 2026 final investment decision.

Feyisayo Ajayi Feyisayo Ajayi
Hyprop Investment Limited
BusinessHot News

South Africa’s Hyprop Investments raises $45 million as investors back growth plans

Hyprop Investments raises $45 million to fund retail expansion, renewable energy projects and property growth across Africa and Europe.

Timilehin Adejumobi Timilehin Adejumobi
South Africa's Lowveld Mall
BusinessTourism

South Africa’s Lowveld Mall unveils $4.9 million upgrade near Kruger National Park

Lowveld Mall near Kruger National Park completes a $4.9 million upgrade, adding new retail, entertainment and community spaces in Mpumalanga.

Oluwatosin Alao Oluwatosin Alao
Show More