Yerim Sow
BusinessHot News

Senegalese tycoon Yerim Sow’s Bridge Bank sets Sept. 24 BRVM debut after $120 million IPO

Bridge Bank Côte d’Ivoire will debut on the BRVM on Sept. 24 after its $120 million IPO drew $171 million…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian tech entrepreneur Yinka Adewale
TechnologyBusinessHot News

Nigerian tech entrepreneur Yinka Adewale leads Nomba to $3 million funding success

The facility will help Nomba strengthen its U.S. dollar liquidity through banking partners in Hong Kong and Singapore.

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

Aliko Dangote’s mega refinery trims debt to $5.67 billion ahead of record listing

The balance sheet clean-up comes as the company moves to sell 4.1 billion shares at N525 ($0.40) each to raise…

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Uber sharpens focus on Kenya after exiting Nigeria, Uganda and Tanzania

The San Francisco-based firm formally wound down services in Nigeria on Sept. 2, following a strategic review of the business.

Omokolade Ajayi Omokolade Ajayi
TotalEnergies
BusinessHot News

TotalEnergies to invest $10 billion in Angola over 5 years

TotalEnergies will invest $10 billion in Angola over five years to sustain oil output, expand exploration and develop offshore projects…

Feyisayo Ajayi Feyisayo Ajayi
Palantir CEO Alex Karp
BillionairesHot NewsTechnology

Billionaire Alex Karp’s Palantir names Nebius as preferred sovereign AI infrastructure partner

Palantir names Nebius its preferred sovereign AI infrastructure partner, expanding secure AI computing options for commercial customers.

Feyisayo Ajayi Feyisayo Ajayi
Nelson and Rui Carrinho
BusinessHot News

Angola’s billionaire Carrinho family deepens banking power in $452 million deal

By stepping in to acquire Banco BPI's remaining equity in BFA, the Carrinho brothers are securing a direct anchor within…

Omokolade Ajayi Omokolade Ajayi
Vukile CEO, Laurence Rapp
BusinessHot News

Vukile Property Fund’s AUM near $6 billion amid Iberian expansion

Vukile Property Fund nears $6 billion in assets as its European expansion boosts growth across Spain, Portugal, Italy and South…

Feyisayo Ajayi Feyisayo Ajayi
Leila Fourie, Vodacom director
BusinessHot News

Vodacom appoints former JSE CEO Leila Fourie to its board

Fourie will initially serve as an alternate director to Vodacom Chairman Saki Macozoma, who is due to retire from the…

Timilehin Adejumobi Timilehin Adejumobi
Groupe Duval
BusinessHot NewsLuxury

Groupe Duval invests $21 million in Sadi Mall in Cameroon

Groupe Duval invests $21 million in Sadi Mall, expanding its retail footprint in Cameroon’s growing commercial property market.

Feyisayo Ajayi Feyisayo Ajayi
Cameroon's richest man Baba Ahmadou Danpullo.
BusinessHot News

Cameroon’s richest man Baba Danpullo-linked firm takes 10% stake in MSC’s logistics business

Baba Danpullo-linked CCML has acquired a 10% stake in AGL Cameroon, expanding his exposure to the country’s logistics sector.

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
Hot NewsBusiness

ReconAfrica upsizes share offering to $14 million to fund Namibia drilling

ReconAfrica raises its share offering to CAD19 million ($14 million) to fund horizontal sidetrack drilling and production testing in Namibia…

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
SportsBusinessHot News

Aston Villa linked to Nassef Sawiris leads European clubs in Saudi transfer income at $227 million

Aston Villa leads European clubs in Saudi transfer income, earning $227 million from player sales since summer 2023.

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater
BusinessHot News

Sibanye-Stillwater begins talks over proposed restructuring of Kwezi shaft

Sibanye-Stillwater will consult workers over Kwezi shaft restructuring, potentially affecting 1,114 employees and contractors as production declines.

Feyisayo Ajayi Feyisayo Ajayi
Varkey Verghese , Jawa
BusinessHot News

Varkey Verghese: Indian-born entrepreneur who built Jawa into a Nigerian pharmaceutical group

Varkey Verghese built Jawa International from a pharmaceutical distributor into a Nigerian manufacturer serving human and animal healthcare markets.

Feyisayo Ajayi Feyisayo Ajayi
South African asset manager Ninety One profit.
BusinessHot News

Ninety One takes stake worth $474 million in Sibanye-Stillwater

Ninety One acquires a $473.8 million stake in Sibanye-Stillwater, crossing 5% as the miner reports record H1 earnings and stronger…

Feyisayo Ajayi Feyisayo Ajayi
SunBet Namibia launch
BusinessHot NewsTourism

Sun International’s interim profit falls to $45 million in H1 2026

Sun International’s interim profit fell to $45 million in 2026 despite revenue growth, as investment and inflation pressured margins overall.

Feyisayo Ajayi Feyisayo Ajayi
Harmony Gold
BusinessHot News

Harmony Gold employee dies in seismic incident at Moab Khotsong mine

Harmony Gold confirms an employee died in a seismic incident at Moab Khotsong mine, while South African authorities investigate the…

Feyisayo Ajayi Feyisayo Ajayi
Mahesh Nandwani , Jolaks founder and CEO
BusinessHot News

Sierra Leone family-run palm oil company Jolaks secures $20 million financing

Sierra Leone’s Jolaks Manufacturing secures $20 million from Proparco to expand palm oil production and strengthen local food security.

Feyisayo Ajayi Feyisayo Ajayi
MCB
BusinessHot News

MCB structures $51 million financing for Tolaram’s Nigeria expansion

MCB has structured a $51 million loan for Tolaram, refinancing acquisition debt and supporting its expansion across Nigeria and Africa.

Feyisayo Ajayi Feyisayo Ajayi
NMB Bank Plc
Hot NewsBusiness

Tanzania’s biggest bank, NMB, sees $100 million market value increase in first 25 days of 2025

NMB’s broad footprint in Tanzania, with 231 branches, 715 ATMs, and 7.1 million customers, continues to position it as a top player in the region’s banking sector.

MOZAMBIQ
LuxuryTourism

Mozambique’s Anantara resort gets major luxury upgrade

Anantara Bazaruto unveils major luxury upgrades with new villas, spa, and family-friendly features amid Mozambique’s rising eco-tourism appeal.

Yerim Sow
BusinessHot News

Senegalese tycoon Yerim Sow’s Bridge Bank sets Sept. 24 BRVM debut after $120 million IPO

Bridge Bank Côte d’Ivoire will debut on the BRVM on Sept. 24 after its $120 million IPO drew $171 million in investor orders.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian tech entrepreneur Yinka Adewale
TechnologyBusinessHot News

Nigerian tech entrepreneur Yinka Adewale leads Nomba to $3 million funding success

Nomba secures a $3 million debt facility as Yinka Adewale expands its cross-border payments network across Africa and Asia.

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

Aliko Dangote’s mega refinery trims debt to $5.67 billion ahead of record listing

Dangote Refinery cuts secured debt to $5.67 billion as it prepares for a $1.6 billion share offering and November listing.

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Uber sharpens focus on Kenya after exiting Nigeria, Uganda and Tanzania

Uber exits Nigeria, Uganda and Tanzania while keeping Kenya as a key African market amid rising costs and a push for profitability.

Omokolade Ajayi Omokolade Ajayi
Kenya bets $92.7 million on Mombasa to drive jobs, manufacturing and exports
BusinessHot News

Kenya bets $92.7 million on Mombasa to drive jobs, manufacturing and exports

Kenya is investing $92.7 million in a Mombasa special economic zone expected to create 10,000 jobs and boost manufacturing and exports.

Oluwatosin Alao Oluwatosin Alao
TotalEnergies
BusinessHot News

TotalEnergies to invest $10 billion in Angola over 5 years

TotalEnergies will invest $10 billion in Angola over five years to sustain oil output, expand exploration and develop offshore projects with partners.

Feyisayo Ajayi Feyisayo Ajayi
Show More