Mantengu Averi acquisition
BusinessHot News

Mantengu plans $120 million Averi asset acquisition in African energy push

Mantengu plans $120 million Averi acquisition to expand into African energy, digital infrastructure and diversify beyond mining.

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

Africa’s richest man Aliko Dangote advances $45 billion expansion with 10,000-hectare Nigerian port

Beyond its logistics function, the project is tied to wider regional trade plans under the African Continental Free Trade Area,…

Omokolade Ajayi Omokolade Ajayi
Hot NewsLuxury

Inside five-star Sankara Nairobi linked to Kenyan tycoon Baloobhai Patel

Sankara Nairobi leverages Westlands location, Marriott backing, and private ownership to sustain demand amid rising luxury hotel competition.

Feyisayo Ajayi Feyisayo Ajayi
Tony Elumelu with Awele Vivien Elumelu.
BillionairesBusinessExclusiveHot News

Tony and Awele Elumelu named on TIME100 Philanthropy list as TEF lifts 2.1 million Africans out of poverty

TEF reports that its initiatives have helped lift 2.1 million Africans above the poverty line and positively affected more than…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu’s net worth jumps $606 million in one day, nears $20 billion

Abdul Samad Rabiu’s net worth jumps $606 million in a day to $19.7 billion, driven by strong gains in BUA…

Omokolade Ajayi Omokolade Ajayi
NMB Bank $100 million IFC SME loan
BusinessHot News

Tanzania’s NMB Bank secures $100 million SME loan from World Bank arm 

NMB Bank secures $100 million IFC loan to expand SME lending, targeting women-owned businesses in Tanzania’s growing banking market.

Feyisayo Ajayi Feyisayo Ajayi
Balwin Properties take-private deal
BusinessHot News

South Africa’s Balwin to delist as PIC-backed consortium offers $67 million buyout 

Balwin set to go private in R1.12 billion ($67 million) deal, offering shareholders a premium exit amid liquidity challenges and…

Feyisayo Ajayi Feyisayo Ajayi
Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
BusinessHot NewsTechnology

Axian Telecom’s Oracle deal begins rollout as Yas moves to unify operations across Africa

The cloud-based deployment, developed in partnership with Oracle, will cover Yas and affiliated businesses including TowerCo of Africa, MVola, Mixx,…

Omokolade Ajayi Omokolade Ajayi
Kenya infrastructure investment fund
BusinessHot News

Spearhead Africa, led by Ngatia Kirungie, set for $27 million fund debut on Nairobi bourse

Nairobi Securities Exchange plans to list Spearhead Africa Infrastructure Fund, a $27 million vehicle unlocking capital for Kenya projects drive.

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

Kenya’s DTB reports strongest quarterly profit at $24.6 million in Q1 2026

Profit growth, however, was tempered by a sharp rise in loan loss provisions, which climbed 152 percent to KSh2.23 billion…

Omokolade Ajayi Omokolade Ajayi
Oando Plc, an indigenous African integrated energy company.
BusinessHot News

Oando nears $500 million market cap on rising oil revenue outlook

To support expansion and future acquisitions, Oando is also preparing a capital raise of up to $750 million over the…

Omokolade Ajayi Omokolade Ajayi
Naivas supermarket exterior featuring storefront branding, customer entrance, and modern retail expansion in Kenya.
BusinessHot News

Naivas expands retail network to 114 stores nationwide in Kenya as expansion continues

The latest openings lift the chain from 112 stores at the end of 2025, when it launched its Mihango branch…

Omokolade Ajayi Omokolade Ajayi
RMH takeover AttBid approval
BusinessHot News

South African Van der Walt brothers’ AttBid secures final approvals for $34 million RMH takeover

South Africa’s AttBid has secured final approvals to acquire RMH shares, making its mandatory offer unconditional and nearing completion now

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

Africa’s richest man, Aliko Dangote, targets $250 billion valuation on $45 billion expansion plan

He described the $45 billion expansion as a groupwide funding push that would support new projects while strengthening existing industrial…

Omokolade Ajayi Omokolade Ajayi
IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.
BusinessGlobal NewsHot News

IBL Group, Mauritius’ largest conglomerate, posts $2 billion nine-month revenue

IBL attributed the improvement to broader consolidation of recently acquired businesses and stable performance across its overseas subsidiaries.

Omokolade Ajayi Omokolade Ajayi
Elsewedy Electric dividend payout
BillionairesBusinessHot News

El-Sewedy family set for $58 million dividend from Elsewedy Electric

Egyptian El-Sewedy family set for $58.3 million payout as Elsewedy Electric boosts dividend after $361 million profit in 2025.

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

South African executive Gary Nagle takes $7.4 million pay from Glencore in 2025

The payout reflects a year in which the London-listed mining and commodity giant returned to profit, expanded revenue, and increased…

Omokolade Ajayi Omokolade Ajayi
Orascom desalination joint venture
BusinessHot News

Orascom Construction-led JV targets 300,000 m³/day desalination projects across Gulf, Africa

Orascom Construction-led JV targets large desalination projects across Gulf and Africa, advancing 300,000 m³/day flagship plant.

Feyisayo Ajayi Feyisayo Ajayi
Fawry acquisitions Egypt
BusinessHot News

Egypt’s Fawry targets fintech acquisitions worth $2.4 million

Fawry is in talks to acquire $2.4 million tech firms to expand its fintech ecosystem and strengthen Egypt payments infrastructure…

Feyisayo Ajayi Feyisayo Ajayi
MTN CEO Pay 2025
BusinessHot News

MTN Group CEO Ralph Mupita takes $6 million pay in 2025

MTN Group CEO Ralph Mupita's pay rose 53% to nearly $6 million in 2025 as profit rebounded to $2.8 billion…

Feyisayo Ajayi Feyisayo Ajayi
Atedo Peterside Stanbic IBTC dividend
BillionairesBusinessHot News

Nigerian tycoon Atedo Peterside’s Stanbic IBTC stake nears $25 million on 2026 share surge

Atedo Peterside’s Stanbic IBTC stake nears $25 million as shares surge, driven by strong earnings and renewed investor demand.

African-owned electric companies
BusinessHot News

Top 21 family businesses powering Africa’s growth in 2025

Family businesses across Africa drive growth, create jobs, and preserve legacies that shape the continent’s economic future.

Mantengu Averi acquisition
BusinessHot News

Mantengu plans $120 million Averi asset acquisition in African energy push

Mantengu plans $120 million Averi acquisition to expand into African energy, digital infrastructure and diversify beyond mining.

Feyisayo Ajayi Feyisayo Ajayi
Spear REIT’s 2 Long Street commercial property in Cape Town CBD, part of its Western Cape income-generating portfolio.
BusinessHot News

Spear REIT expands Western Cape push with new acquisition talks after $60 million raise

Spear REIT advances Western Cape expansion plans after raising R1 billion ($60.2 million), pursuing new income-generating property acquisitions.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
BusinessHot News

Africa’s richest man Aliko Dangote advances $45 billion expansion with 10,000-hectare Nigerian port

Aliko Dangote’s conglomerate begins work on a 10,000-hectare Ogun deep-sea port to expand exports, logistics and industrial capacity in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Tony Elumelu with Awele Vivien Elumelu.
BillionairesBusinessExclusiveHot News

Tony and Awele Elumelu named on TIME100 Philanthropy list as TEF lifts 2.1 million Africans out of poverty

TIME100 honors Tony and Awele Elumelu as TEF impact reaches 2.1 million Africans lifted from poverty through entrepreneurship programs.

Omokolade Ajayi Omokolade Ajayi
Inospace head office
BusinessHot News

Inospace eyes $60 million industrial expansion after asset sell-out

South Africa’s Inospace targets $60m+ acquisitions after R545m asset sales, boosting SME industrial and logistics real estate growth.

Timilehin Adejumobi Timilehin Adejumobi
Vodacom HQ
BusinessTechnology

Kenya Court halts $1.9 billion Safaricom stake sale to Vodacom  

Kenya’s High Court blocks $1.9 billion plan to sell a 15% Safaricom stake to Vodacom, citing constitutional concerns and valuation disputes.

Timilehin Adejumobi Timilehin Adejumobi
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