Taryn Woodbridge Mercedes-Benz South Africa CEO
BusinessHot News

South African executive Taryn Woodbridge named first female CEO of Mercedes-Benz South Africa

Mercedes-Benz South Africa names Taryn Woodbridge first female CEO, effective June 1, marking a historic leadership milestone at the automaker.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Michiel Le Roux.
BillionairesBusinessHot News

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in…

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BillionairesBusinessHot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

The deal highlights continued interest in Kenya’s banking sector, where foreign and regional lenders have remained active buyers of local…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Wiese-linked entities execute $57 million Shoprite share swap, expanding derivatives exposure tied to Africa’s largest retailer.

Feyisayo Ajayi Feyisayo Ajayi
Safaricom earnings results 2026
BusinessHot NewsTechnology

Safaricom posts $570.7 million profit as Ethiopia expansion drives growth in 2026

Safaricom reports $570.7 million profit as Ethiopia expansion and M-PESA growth lift revenue to $3.31 billion for FY26, data growth…

Feyisayo Ajayi Feyisayo Ajayi
IHS Towers Brazil fiber sale
BusinessHot NewsTechnology

Sam Darwish’s IHS Towers closes $452.6 million Brazil fiber asset sale

IHS Towers sells $452.6 million Brazil fiber stake to TIM, sharpening focus on higher-margin telecom infrastructure assets.

Feyisayo Ajayi Feyisayo Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

DTB completes $9.8 million Burundi sale, ends 16-year market presence

The sale was part of a structured transfer of its shares to a consortium of local investors in Burundi, led…

Omokolade Ajayi Omokolade Ajayi
ADvTECH $1.5 billion market cap
BusinessHot News

ADvTECH, Africa’s largest private education provider, tops $1.5 billion market cap

ADvTECH tops $1.5 billion market cap as student demand, acquisitions and strong earnings lift Africa’s largest private education group.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s second-richest man, Nicky Oppenheimer.
BillionairesBusinessHot News

South African billionaire Nicky Oppenheimer rebounds with $1.6 billion gain

According to the Bloomberg Billionaires Index, Oppenheimer’s fortune rose from $12.9 billion on Mar. 31 to $14.5 billion at the…

Omokolade Ajayi Omokolade Ajayi
MTN Uganda Q1 2026 earnings
BusinessHot News

MTN Uganda Q1 profit falls to $46 million amid election internet shutdown

MTN Uganda Q1 profit slips 3.8% to $46 million as election disruptions, investments, and currency pressures weigh on earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Yasseen Mansour’s Palm Hills stake nears $100 million as Egypt property stocks rally

Yasseen Mansour’s Palm Hills stake nears $100 million as shares surge, driven by strong earnings and rising investor demand for…

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

Aliko Dangote refinery drives petrol prices up 82 percent in Nigeria this year

Higher crude prices are feeding into fuel costs worldwide, and Nigeria is no exception. For now, the Dangote refinery remains…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

African ports miss out as Hormuz disruption reroutes shipping via Cape routes

Despite that increase in vessel movement, African ports have not seen a matching rise in cargo handling or container throughput.

Omokolade Ajayi Omokolade Ajayi
Agritech Kenya
BusinessHot News

Apollo Agriculture gets $2.1 million to finance 24,000 Kenyan farmers

Apollo Agriculture secures $2.1 million in local currency debt to fund 24,000 Kenyan farmers via securitised buy-now-pay-later model financing

Feyisayo Ajayi Feyisayo Ajayi
Arno Daehnke Standard Bank pay
BusinessHot News

South African executive Arno Daehnke takes $4.9 million pay from Standard Bank in 2025, to retire in 2027

Arno Daehnke earned $4.9 million in 2025 as Standard Bank posted strong growth ahead of his planned 2027 retirement.

Feyisayo Ajayi Feyisayo Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BusinessHot News

Nigeria’s Access Bank to sell foreign units after Central Bank order

The central bank now caps equity exposure to foreign subsidiaries at 10 percent of shareholders’ funds, part of a broader…

Timilehin Adejumobi Timilehin Adejumobi
MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining cedes majority control to KDG in a $90 million deal 

MC Mining hands KDG a 51% stake in a $90 million deal, accelerating development of South Africa’s Makhado coal project.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Mauritius eyes 100 wealthy investors a year with golden visa push

The move comes as countries compete more selectively for wealthy migrants, even as some governments tighten rules around similar visa…

Omokolade Ajayi Omokolade Ajayi
Warren Buffett, chairman of Berkshire Hathaway and global investor.
BillionairesHot News

World’s richest investor Warren Buffett backs Kenya with $59 million over two years

The grant to Kenya’s State Department of Medical Services ranks third among expected external inflows in the coming fiscal year.

Omokolade Ajayi Omokolade Ajayi
Absa Kenya asset financing for SMEs
BusinessHot News

Absa Kenya plans $774 million asset finance push to spur SME growth

Absa Bank Kenya rolls out $774 million asset finance program to boost SME growth, offering full equipment funding amid tight…

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

Aliko Dangote’s refinery becomes key as Europe, Africa face fuel supply strain

Aliko Dangote’s $20 billion Lagos refinery becomes a key jet fuel source amid global supply chain pressures.

BusinessHot News

Ivanhoe Mines starts heat-up at Africa’s largest green copper smelter

Ivanhoe Mines begins heat-up at Africa’s largest green copper smelter, marking a major step toward cleaner copper production.

Taryn Woodbridge Mercedes-Benz South Africa CEO
BusinessHot News

South African executive Taryn Woodbridge named first female CEO of Mercedes-Benz South Africa

Mercedes-Benz South Africa names Taryn Woodbridge first female CEO, effective June 1, marking a historic leadership milestone at the automaker.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Michiel Le Roux.
BillionairesBusinessHot News

South African billionaire Michiel Le Roux loses $300 million despite Capitec’s growth

The decline follows a strong 2025, when Le Roux’s net worth surged by $1.6 billion alongside a broad rally in Capitec Bank shares.

Omokolade Ajayi Omokolade Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BillionairesBusinessHot News

Access Bank’s $122 million Kenya acquisition in focus as CBN forces foreign sell-down

Access Bank’s acquisition of National Bank of Kenya comes into focus as new Nigerian central bank rules reshape foreign banking exposure.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Wiese-linked entities execute $57 million Shoprite share swap, expanding derivatives exposure tied to Africa’s largest retailer.

Feyisayo Ajayi Feyisayo Ajayi
Nasim Mohamed Devji DTB CEO
BusinessExclusive

Meet Nasim Devji: Kenya’s first female commercial Bank CEO

Nasim Devji, Kenya’s first female commercial bank CEO, has led DTB Group since 2001, driving steady growth across East Africa.

Timilehin Adejumobi Timilehin Adejumobi
Gibson Wachaga, Fintrust Securities Limited CEO
BusinessHot News

Kenya’s Fintrust Securities gets investment banking license

Fintrust Securities secures CMA approval, entering Kenya’s investment banking space with expanded bond trading capabilities.

Timilehin Adejumobi Timilehin Adejumobi
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