OCI Global
BusinessCompaniesHot NewsLatest

OCI shareholders approve Orascom Construction combination, delisting set for November 27

OCI shareholders approve its combination with Orascom Construction, paving the way for a November 27 delisting from Euronext Amsterdam.

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…

Feyisayo Ajayi Feyisayo Ajayi
Oando
BusinessEnergyHot NewsLatest

Nigerian billionaire Wale Tinubu’s Oando profit falls 47% to $79 million in 9M 2026

Oando's profit fell 47% to $78.65 million in 9M 2026 as rising finance costs offset higher revenue, production growth and…

Feyisayo Ajayi Feyisayo Ajayi
Nadine Drutman
ExecutivesBusinessHot News

Absa Group company secretary Nadine Drutman to step down after 20 years

Absa Group company secretary Nadine Drutman will step down in January 2027, ending a 20-year career with the South African…

Feyisayo Ajayi Feyisayo Ajayi
Papa Madiaw Ndiaye
BusinessBankingHot News

Senegalese financier Papa Madiaw Ndiaye faces pressure as shareholders call for his removal

Ecobank chairman Papa Madiaw Ndiaye faces shareholder pressure over alleged conflicts of interest as regulatory intervention delays a removal vote.

Feyisayo Ajayi Feyisayo Ajayi
Mauritian resort group Lux Island Resorts
HospitalityBusinessCompaniesHot News

Lux Island Resorts’ first-quarter profit rises 4.5% as revenue climbs to $52 million

Pretax profit edged up to MUR 113.44 million ($2.4 million), while basic earnings per share rose to MUR0.56 ($0.012) from…

Omokolade Ajayi Omokolade Ajayi
Airtel Africa telecom
BusinessDigitalHot NewsLatestTechnology

Indian billionaire Sunil Bharti Mittal’s Airtel Africa posts $452 million H1 profit

Airtel Africa, led by Sunil Bharti Mittal, reports a 20.21% rise in H1 profit to $452 million as data and…

Feyisayo Ajayi Feyisayo Ajayi
Adcorp Holdings Limited
BusinessCompaniesHot News

South Africa’s Adcorp lifts profit to $3.75 million on disciplined cost control

The earnings growth prompted the board to raise the company’s interim cash payout to shareholders.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBusinessCompanies

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods posts $334 million nine-month profit as costs decline

The performance allowed the BUA Foods to maintain strong earnings momentum despite revenue decline in select product lines.

Omokolade Ajayi Omokolade Ajayi
Jaswant Singh Rai, Kenyan billionaire and Rai Group chair
BusinessBillionaires

Kenyan billionaire Jaswant Rai expands sugar business with $32 million investment

West Kenya Sugar, the group’s sugar manufacturing subsidiary behind the Kabras Sugar brand, plans to establish the mill in Chesumei.

Timilehin Adejumobi Timilehin Adejumobi
Johnson Controls Arabia Raya Electronics partnership in Egypt
BusinessHot News

Ten largest nickel mines in operation in Africa

Africa’s nickel mines are drawing fresh investment as global demand for battery metals fuels economic growth.

CEO Alain Ebobissé at Africa50’s Infrastructure Acceleration Fund meeting
BusinessHot News

BII commits $20 million to Africa50 for infrastructure projects 

BII commits $20 million to Africa50’s infrastructure fund, taking its fourth close to about $330 million.

Africa Energy Bank begins operations as Helmy Ghazi becomes first president
BusinessBanking

Africa Energy Bank begins operations as Helmy Ghazi becomes first president

Africa Energy Bank begins operations in Abuja with Helmy Ghazi as president, targeting Africa’s $200 billion energy financing gap.

Oluwatosin Alao Oluwatosin Alao
OCI Global
BusinessCompaniesHot NewsLatest

OCI shareholders approve Orascom Construction combination, delisting set for November 27

OCI shareholders approve its combination with Orascom Construction, paving the way for a November 27 delisting from Euronext Amsterdam.

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
Conakry Ahmed Sékou Touré International Airport, Guinea
TravelsBusinessTourism

Conakry Airport passenger traffic jumps 22% as airlines expand routes

Conakry Airport passenger traffic jumps 22% as Air Algérie and EgyptAir weigh new routes amid a major terminal expansion.

Timilehin Adejumobi Timilehin Adejumobi
Mauritian resort group Lux Island Resorts
HospitalityBusinessCompaniesHot News

Lux Island Resorts’ first-quarter profit rises 4.5% as revenue climbs to $52 million

Lux Island Resorts saw Q1 net profit rise 4.5% to $1.61 million as revenue climbed to $52 million, driven by strong Mauritius bookings.

Omokolade Ajayi Omokolade Ajayi
Four Seasons Resort Mauritius at Anahita
HospitalityBusinessHot NewsLifestyle

Mauritius hotelier Riveo cuts losses as sales surge past $19 million

Mauritius hotelier Riveo cuts losses as sales top $19.52 million, driven by surging post-renovation bookings at its luxury island beachfront resorts.

Omokolade Ajayi Omokolade 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
Jaswant Singh Rai, Kenyan billionaire and Rai Group chair
BusinessBillionaires

Kenyan billionaire Jaswant Rai expands sugar business with $32 million investment

Jaswant Rai commits $32.3 million to a new Kenyan sugar mill as Rai Group expands its processing capacity and farming network.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Tony Elumelu
BillionairesCompaniesEnergyHot News

Billionaire Tony Elumelu-backed Seplat lifts dividend as profit tops $260 million

Tony Elumelu-backed Seplat Energy raised its dividend after nine-month profit surged to $260 million on strong crude output and higher gas sales.

Omokolade Ajayi Omokolade Ajayi