Saudi-backed Olam Agri
BusinessHot News

Saudi-backed Olam Agri is pouring $400 million into African food staples

Olam Agri plans a $400 million expansion across Africa, building feed mills and processing hubs to meet surging urban demand…

Omokolade Ajayi Omokolade Ajayi
South African executive Lwazi Bam
ExecutivesBusinessHot News

MTN Nigeria taps South African executive Lwazi Bam for board seat

Bam joined the parent company’s executive committee in June, steering enterprise risk, compliance protocols, and strategic delivery across 19 African…

Omokolade Ajayi Omokolade Ajayi
Yvonne Bajela
TechnologyBusinessHot News

Yvonne Bajela, British-Ghanaian tech backer, secures $17 million debut fund

The Ghanaian British investor is putting that experience behind her own venture capital firm, Evertrue Capital, which has closed an…

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

Following Aramco’s $1.7T playbook, Nigeria’s NNPC eyes 10% stake sale in IPO

The move marks a dramatic pivot toward operational transparency for the traditionally insular state enterprise.

Omokolade Ajayi Omokolade Ajayi
Nedbank
BusinessBankingHot NewsLatest

Nedbank wins 5-year legal battle to claim Mukansi family’s luxury home

Nedbank wins a five-year legal battle over the Mukansi family's Johannesburg home, with occupants ordered to vacate within 30 days.

Feyisayo Ajayi Feyisayo Ajayi
African Capital Alliance
BusinessHot NewsInvestments

Okey Enelamah’s African Capital Alliance targets $750 million private equity fund for businesses

Former Minister of Industry, Trade, and Investment, Okey Enelamah’s African Capital Alliance targets $750 million for its fifth fund to…

Feyisayo Ajayi Feyisayo Ajayi
Bank of Industry
BusinessBankingHot News

IFC earmarks $100 million for Nigeria’s Bank of Industry to expand lending to women-owned businesses

IFC earmarks up to $100 million for Nigeria’s Bank of Industry to expand lending to women-owned businesses and small enterprises.

Feyisayo Ajayi Feyisayo Ajayi
Swedish apparel heavyweight H&M
BusinessCompaniesHot News

Sweden’s H&M hits 30-store milestone in South Africa with Paarl Mall debut

Ricardo Valente da Conceicao, country manager for H&M South Africa, framed the store count as tangible proof of ongoing capital…

Omokolade Ajayi Omokolade Ajayi
Pivot Integrated Energy Services Limited (Pivot), a leading indigenous integrated downstream energy company.
CompaniesBusinessHot News

Pivot Energy redeems N8.25 billion commercial paper ahead of maturity, reinforcing investor confidence

The move marks the downstream energy company's first repayment since entering Nigeria's debt capital market.

Editorial Team Editorial Team
Caxton interim results 2025
BusinessCompaniesHot NewsLatest

Terrence Moolman’s Caxton takes stake worth $6 million in Transpaco as chairman exits

Terrence Moolman's Caxton, acquires more than 8% stake in Transpaco worth $6.21 million as chairman Derek Thomas offloads his 5.79%…

Feyisayo Ajayi Feyisayo Ajayi
German billionaire Clemens Tönnies
BusinessHot News

German billionaire Clemens Tönnies’ Namibia meat processing plan stalls amid supply, regulatory hurdles

German billionaire Clemens Tönnies’ Namibia meat processing plan stalled amid supply gaps, strict export rules, and entrenched industry players.

Africa Finance Corporation
BusinessHot News

AFC lands $524 million Samurai funding for major Africa infrastructure upgrades

AFC boosts infrastructure financing with a new Samurai facility.

adeer International
BusinessCompanies

Adeer International leads $2 billion push into Egypt’s hospitality sector

Adeer International Egypt investment targets a $2 billion expansion into hospitality, backed by major Saudi and Egyptian partners.

Timilehin Adejumobi Timilehin Adejumobi
Saudi-backed Olam Agri
BusinessHot News

Saudi-backed Olam Agri is pouring $400 million into African food staples

Olam Agri plans a $400 million expansion across Africa, building feed mills and processing hubs to meet surging urban demand for food staples.

Omokolade Ajayi Omokolade Ajayi
South African executive Lwazi Bam
ExecutivesBusinessHot News

MTN Nigeria taps South African executive Lwazi Bam for board seat

MTN Nigeria appoints group chief risk officer Lwazi Bam to its board to bolster audit oversight, manage FX risks, and protect operating margins.

Omokolade Ajayi Omokolade Ajayi
Tourists in Kenya
TourismTravels

Kenya targets nearly 200,000 UK tourists as arrivals set to rise 16.8%

Kenya targets 199,645 UK visitors in 2026, using airline partnerships, digital marketing and new tourism experiences to drive growth.

Timilehin Adejumobi Timilehin Adejumobi
Chukwuerika Achum, founder & CEO Vivajets
BusinessInvestmentsTravels

Nigerian aviation mogul Chukwuerika Achum takes VivaJets into Francophone Africa     

VivaJets expands into Francophone Africa as Chukwuerika Achum grows its fleet, secures financing and pursues regional aviation deals.

Timilehin Adejumobi Timilehin Adejumobi
Turpaz Industries
BusinessCompaniesHot NewsLuxury

Israel’s Turpaz Industries enters South Africa’s fragrance market with $10.6 million acquisition

Israel’s Turpaz Industries acquires a 70% stake in South Africa’s Sensory FX for $10.6 million, expanding its African fragrance business.

Feyisayo Ajayi Feyisayo Ajayi
ARM's non-executive chairman, Patrice Motsepe.
BusinessBillionairesHot NewsLatestMining

Patrice Motsepe’s ARM faces fresh delay in bid to liquidate 2 South African mining firms

Patrice Motsepe’s ARM faces another court delay in its bid to liquidate two South African mining firms over creditor opposition.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola
BusinessBankingBillionairesHot NewsLatest

Femi Otedola’s First HoldCo stake slips to $1 billion, shedding $328 million in 3 days

Femi Otedola’s First HoldCo stake slips to $1.07 billion after a 23% share price decline wipes $328 million off its value in three days.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest person Aliko Dangote
BusinessBillionairesEnergyHot NewsLatest

Aliko Dangote’s $327 million investment boosts Kenya Pipeline Company’s value by $834 million

Kenya Pipeline Company gains $834 million in market value after Aliko Dangote acquires a 24.76% stake, driving shares to record highs.

Feyisayo Ajayi Feyisayo Ajayi