Africa agricultural trade finance gap
BusinessHot News

MCB, 15 banks join Proparco to close Africa’s $50 billion agri-finance gap

Proparco and 16 lenders launch Africa AgriTrade Coalition to bridge $50 billion trade finance gap, boosting food supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Isyaku Abdulsamad “Khalifa” Rabiu.
BillionairesBusinessHot News

Abdul Samad Rabiu’s son, Khalifa’s BUA Foods stake tops $300 million

Khalifa Rabiu holds 473,628,201 shares in BUA Foods, representing a 2.63 percent stake

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

Africa’s first Black billionaire Patrice Motsepe says partnerships boost South Africa’s mining sector

Motsepe said collaboration between public institutions and business groups is now central to improving South Africa’s competitiveness in global mining…

Omokolade Ajayi Omokolade Ajayi
Ecobank Proparco agricultural financing
BusinessHot News

Ecobank gets $353 million deal to boost African agriculture, women entrepreneurs

Ecobank secures $353 million Proparco-backed financing to boost African agriculture and expand support for women-led businesses.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya moves to secure IMF support as Iran tensions raise energy costs

Kenya is now facing additional strain from disruptions to shipping routes through the Strait of Hormuz, one of the world’s…

Omokolade Ajayi Omokolade Ajayi
CRDB Proparco Tanzania trade finance deal
BusinessHot News

CRDB secures $106 million Proparco-backed Tanzania trade finance deal

CRDB, Proparco sign $106 million guarantee deal to expand MSME financing, boost trade across Tanzania and East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Wole Oshin Custodian dividend payout
BusinessHot News

Nigerian insurance tycoon Wole Oshin bags N4.7 billion payout from Custodian

Wole Oshin bags N4.7 billion ($3.5 million) payout as Custodian Investment approves N16.17 billion dividend after strong 2025 earnings and…

Feyisayo Ajayi Feyisayo Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
BusinessExclusiveHot News

Gary Nagle: South African executive leading $90 billion London-listed giant, Glencore

Under his leadership, Glencore has pushed deeper into copper, a metal tied to electric vehicles, power networks, and renewable energy…

Omokolade Ajayi Omokolade Ajayi
NAHCO dividend bonus shares Olaiya
BusinessHot News

Nigerian clergyman Victor Olaiya to receive N1 billion, 24.3 million bonus shares from NAHCO

NAHCO proposes N1 billion payout, bonus shares as Olaiya’s stake surges ahead of May 15 AGM in Lagos.

Feyisayo Ajayi Feyisayo Ajayi
Westbrooke Investment Management logo representing the South African private equity firm.
BusinessHot News

Westbrooke secures $102 million for UK private equity push with South African capital

The fund is aimed at investing in six to eight lower mid-market companies in the United Kingdom over the next…

Omokolade Ajayi Omokolade Ajayi
Helios Towers 2026
BusinessHot NewsTechnology

Nigerian tycoon Temitope Lawani’s Helios opens 2026 with $230 million in revenue

Helios Towers reports $230 million revenue, driven by tenancy growth and rising telecom infrastructure demand across Africa and Middle East.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Africa’s richest man, Aliko Dangote, weighs Kenya for $15 billion refinery

Dangote said he is leaning toward Mombasa, pointing to the port’s depth and capacity to handle large-scale crude and refined…

Omokolade Ajayi Omokolade Ajayi
Balwin Properties 2026
BusinessHot News

Stephen Brookes’ Balwin profit tops $15 million as apartment sales surge in South Africa

Balwin profit rises above $15 million in 2026 as strong apartment sales and easing borrowing costs lift South Africa housing…

Feyisayo Ajayi Feyisayo Ajayi
Prosus sells Delivery Hero stake
BusinessHot News

Prosus divests $394 million Delivery Hero stake to meet EU rules

Prosus sells $394 million Delivery Hero stake to Aspex, advancing EU regulatory commitments after Just Eat Takeaway.com acquisition.

Feyisayo Ajayi Feyisayo Ajayi
Ladismith Cheese
BusinessHot News

South Africa’s Woodlands Dairy acquires Ladismith Cheese in $50 million deal

Woodlands Dairy, one of South Africa’s largest dairy manufacturers, majority owned by Gutsche Family Investments, has acquired Ladismith Cheese Company…

Feyisayo Ajayi Feyisayo Ajayi
NAHCO dividend and bonus shares
BusinessHot News

NAHCO chairman Seinde Fadeni set for $2.3 million dividend, 71 million bonus shares

NAHCO chairman Seinde Fadeni set for $2.3 million dividend and 71 million bonus shares after strong earnings and capital expansion…

Feyisayo Ajayi Feyisayo Ajayi
Gozem IFC $25 million financing
BusinessHot News

IFC weighs $25 million financing for Gozem after top-15 growth ranking

IFC weighs $25 million financing for Gozem to expand vehicle lending as the SuperApp ranks among Africa’s fastest-growing firms.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest man, Aliko Dangote.
BillionairesBusinessHot News

Africa’s richest man gains $1.26 billion as Dangote Cement jumps on London listing push

Shares of the cement producer climbed 12.1 percent over the past week, rising from N970 ($0.71) to N1,088 ($0.80).

Omokolade Ajayi Omokolade Ajayi
Angola’s Cabinda refinery begins fuel shipments.
BusinessHot News

Angola’s Cabinda refinery begins fuel shipments amid global supply strain

The refinery, built at a cost of more than $470 million, has started supplying diesel domestically while exporting heavy fuel…

Omokolade Ajayi Omokolade Ajayi
Mark Shuttleworth success
Hot NewsTechnology

Mark Shuttleworth, Africa’s first astronaut who built Ubuntu, sold Thawte for $575 million

Mark Shuttleworth built Thawte, funded Ubuntu, and became Africa’s first astronaut, shaping global tech and open-source innovation.

Feyisayo Ajayi Feyisayo Ajayi
Top malls in Mauritius
Hot NewsTourism

Top 10 biggest malls in Mauritius

Mauritius is redefining shopping with world-class malls blending retail, leisure, and island charm across vibrant cities.

Africa’s strongest currencies driving stability in 2025
BusinessHot News

10 Strongest Currencies in Africa

Africa’s 10 strongest currencies in 2025, shaped by policy, resources, trade, and resilience amid global challenges.

Africa agricultural trade finance gap
BusinessHot News

MCB, 15 banks join Proparco to close Africa’s $50 billion agri-finance gap

Proparco and 16 lenders launch Africa AgriTrade Coalition to bridge $50 billion trade finance gap, boosting food supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Isyaku Abdulsamad “Khalifa” Rabiu.
BillionairesBusinessHot News

Abdul Samad Rabiu’s son, Khalifa’s BUA Foods stake tops $300 million

BUA Foods' valuation lifts Khalifa Rabiu’s 473,628,201 share stake above $300 million amid a 21 percent rally on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

Africa’s first Black billionaire Patrice Motsepe says partnerships boost South Africa’s mining sector

Africa’s first Black billionaire Patrice Motsepe says public-private partnerships are improving South Africa’s mining output and investor confidence.

Omokolade Ajayi Omokolade Ajayi
Ecobank Proparco agricultural financing
BusinessHot News

Ecobank gets $353 million deal to boost African agriculture, women entrepreneurs

Ecobank secures $353 million Proparco-backed financing to boost African agriculture and expand support for women-led businesses.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya moves to secure IMF support as Iran tensions raise energy costs

Kenya moves to secure International Monetary Fund support as rising energy prices and geopolitical tensions pressure the economy and fiscal stability.

Omokolade Ajayi Omokolade Ajayi
CRDB Proparco Tanzania trade finance deal
BusinessHot News

CRDB secures $106 million Proparco-backed Tanzania trade finance deal

CRDB, Proparco sign $106 million guarantee deal to expand MSME financing, boost trade across Tanzania and East Africa.

Feyisayo Ajayi Feyisayo Ajayi
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