Founders of Refiant AI, including Viroshan Naicker, Siddharth Gutta, and Mathew Haswell, leading the South African AI startup focused on efficiency.
Hot NewsTechnology

South African AI startup Refiant raises $5 million to cut AI energy and data costs

Refiant said the funding will be used to expand its engineering team, build out its platform, and deepen partnerships with…

Omokolade Ajayi Omokolade Ajayi
DRC $1.25 billion eurobond
BusinessHot News

DRC’s Rawbank leads $1.25 billion debut eurobond, opening global capital markets access

DRC raises $1.25 billion eurobond, unlocking global funding to boost infrastructure, jobs, and long-term economic growth.

Feyisayo Ajayi Feyisayo Ajayi
Sello Moloko builds multimillion-dollar empire
BusinessHot News

Meet Sello Moloko, the dealmaker behind a multi-million dollar African investment empire

South African banker and investor Sello Moloko built a multimillion-dollar investment empire spanning banking, infrastructure and energy across Africa.

Feyisayo Ajayi Feyisayo Ajayi
IFC loan OCP sustainable fertilizer waste
BusinessHot News

IFC plans $111.3 million loan to OCP for fertilizer waste project in Morocco

IFC weighs $111.3 million loan to Morocco’s OCP to fund sustainable phosphogypsum storage and cut fertilizer waste risks.

Feyisayo Ajayi Feyisayo Ajayi
Ghana International Bank IFC loan
BusinessHot News

Ghana International Bank gets $100 million IFC loan to boost Africa trade flows

Ghana International Bank secures $100 million IFC loan to boost trade finance, expand liquidity and support cross-border commerce across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Optasia’s AI-powered fintech solutions support credit access and digital financial services across Africa and emerging markets.
BusinessHot NewsTechnology

JSE-listed Optasia raises over $300 million in refinancing to boost Africa’s fintech growth

The package includes an upsizing of $180 million in term facilities and $150 million in bank guarantees.

Omokolade Ajayi Omokolade Ajayi
Outgoing Chief Executive Officer John Lamola
BusinessHot News

After reports reveal quiet $58 million bailout, SAA CEO John Lamola resigns

SAA confirmed that Barbara Creecy, acting as the government’s shareholder representative, and the airline’s board accepted Lamola’s resignation.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Why Capitec boosted Gerrie Fourie’s pay 59% to nearly $6 million in his final year as CEO

Capitec lifted Gerrie Fourie’s pay 59% to $5.62 million in 2025 after strong profit growth and a decade of rapid…

Feyisayo Ajayi Feyisayo Ajayi
Adewale Tinubu, chief executive officer of Oando Plc, plans a $750 million drilling campaign following the company's Angola oil block win.
BusinessHot News

After Angola oil win, Nigerian energy mogul Adewale Tinubu plans $750 million drilling campaign

Tinubu, chief executive officer of Oando, said higher energy prices and supply disruptions are drawing renewed attention to African oil…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Top 5 billion-dollar companies on Dar es Salaam Stock Exchange

Five billion-dollar firms dominate Dar es Salaam exchange, driving liquidity, investor confidence, and Tanzania’s capital market growth.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric Saudi substations
BusinessHot News

Egypt’s Elsewedy Electric expands Saudi grid with six high-voltage substations

Elsewedy Electric delivers six substations in Saudi Arabia, boosting grid reliability and supporting rising power demand across key regions.

Feyisayo Ajayi Feyisayo Ajayi
Mary Vilakazi, First female Chief Executive Officer of FirstRand, South Africa’s $30 billion banking group.
BusinessExclusiveHot News

Mary Vilakazi: First female CEO of South Africa’s $30 billion lender, FirstRand

From Alexandra to leading a $30 billion lender, Mary Vilakazi’s career reflects a steady rise through some of South Africa’s…

Omokolade Ajayi Omokolade Ajayi
Centum share buyback Kenya
BusinessHot News

Kenyan investment firm Centum completes share buyback, acquires 10.8 million shares

Centum completes share buyback, acquiring 10.8 million shares to strengthen capital structure and boost long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Fani Titi Investec compensation 2025
BusinessHot News

Fani Titi earns $4.51 million as Investec CEO pay drops 36% in 2025

Investec CEO Fani Titi earns $4.51 million in 2025, as compensation drops 35.9% on weaker long-term incentives despite steady leadership.

Feyisayo Ajayi Feyisayo Ajayi
Wema Bank fraud losses Nigeria
BusinessHot News

Wema Bank records $5.3 million fraud exposure as insider risks climb in Nigeria

The disclosure also points to a familiar challenge across Nigeria’s financial system: internal control lapses accounted for the bulk of…

Editorial Team Editorial Team
Fani Titi Investec compensation 2025
BusinessHot News

Investec secures $200 million IFC loan to scale green housing finance in South Africa

Investec secures $200 million IFC loan to expand green housing finance and accelerate low-carbon property development in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Gemfields mining revenue governments Africa
BusinessHot News

Gemfields reports up to 26% revenue share to African governments from ruby, emerald operations

Gemfields says up to 26% of African mining revenue went to governments over a decade, reinforcing transparency and fiscal impact.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket N806 billion from BUA Foods, Cement

BUA Foods proposed a dividend totaling about N504 billion ($364 million), while BUA Cement recommended N338.6 billion ($248.2 million).

Omokolade Ajayi Omokolade Ajayi
BusinessExclusiveHot News

$3.3 billion gold offtake deal links Singapore’s Trafigura with Ghanaian mine

The deal includes $65 million in debt financing to restart the mine’s oxide ore operations.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s richest man, Johann Rupert, gains $1.7 billion on Richemont rebound

Rupert owns 10.18 percent of Richemont and controls about 51 percent of the voting rights, giving him significant influence over…

Omokolade Ajayi Omokolade Ajayi
Tokunboh Ishmael Alitheia Capital impact investing
BusinessHot News

Nigerian investor Tokunboh Ishmael builds Africa-focused impact capital platform through Alitheia Capital

Tokunboh Ishmael builds Alitheia Capital into a leading platform channeling impact investment into Africa’s underserved, high-growth sectors.

Business

Ethiopia’s richest man, Mohammed Al Amoudi, loses $270 million in 23 days

Ethiopia’s richest man Mohammed Al Amoudi loses $270 million in 23 days as Preem stake revaluation trims his fortune to $9.13 billion.

Oracle launches first Morocco cloud region, boosting AI and data growth
BusinessTechnology

Oracle launches first hyperscale public cloud region in Morocco

Oracle has opened its first hyperscale public cloud region in Casablanca, marking a significant expansion into Africa’s growing market for cloud computing and artificial intelligence.  The move makes Oracle the first hyperscaler to establish a full-scale cloud presence in North Africa, as global technology firms increase investments across the continent. Demand for cloud services and data storage is rising among…

Oluwatosin Alao Oluwatosin Alao
Abena Amoah Managing Director of the Ghana Stock Exchange
BusinessExclusive

Meet Abena Amoah: First female CEO of Ghana Stock Exchange

Abena Amoah, first female CEO of Ghana Stock Exchange, drives market growth, listings, and regional integration across Africa. GSE.

Timilehin Adejumobi Timilehin Adejumobi
DRC $1.25 billion eurobond
BusinessHot News

DRC’s Rawbank leads $1.25 billion debut eurobond, opening global capital markets access

DRC raises $1.25 billion eurobond, unlocking global funding to boost infrastructure, jobs, and long-term economic growth.

Feyisayo Ajayi Feyisayo Ajayi
Sello Moloko builds multimillion-dollar empire
BusinessHot News

Meet Sello Moloko, the dealmaker behind a multi-million dollar African investment empire

South African banker and investor Sello Moloko built a multimillion-dollar investment empire spanning banking, infrastructure and energy across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Calisto Radithipa, Kemcore's founder
BusinessHot News

Calisto Radithipa’s Kemcore targets $103 million Africa chemical plants

Kemcore is investing $103 million in Botswana and Angola plants to localize mining chemicals and reduce import dependency in Africa.

Timilehin Adejumobi Timilehin Adejumobi
IFC loan OCP sustainable fertilizer waste
BusinessHot News

IFC plans $111.3 million loan to OCP for fertilizer waste project in Morocco

IFC weighs $111.3 million loan to Morocco’s OCP to fund sustainable phosphogypsum storage and cut fertilizer waste risks.

Feyisayo Ajayi Feyisayo Ajayi
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