Ezz Steel Algeria expansion
BusinessHot News

Egypt’s Ezz Steel eyes $780 million Algeria expansion to boost regional footprint

Ezz Steel plans a $780 million Algeria expansion, boosting exports, capacity growth, and North Africa’s industrial footprint.

Feyisayo Ajayi Feyisayo Ajayi
Wema Bank insider loan
BusinessHot News

Wema Bank reports N105 million insider loan linked to gaming tycoon Kessington Adebutu

Wema Bank discloses N105.84 million ($78,647) insider loan tied to Kessington Adebutu, highlighting related-party exposure and strong 2025 financial growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa Bitcoin Corporation restructures Bambanani amid rising losses

Africa Bitcoin Corporation is restructuring Bambanani Family Group amid widening losses, closing Melville and pivoting to digital food sales.

Feyisayo Ajayi Feyisayo Ajayi
Citi boost South Africa financing
BusinessHot News

IFC, Citi seal $98 million deal to boost local currency financing in South Africa

IFC and Citigroup seal $98 million rand facility to expand local currency financing and reduce volatility risks in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Russell Crawford Stefanutti Stocks salary
BusinessHot News

Russell Crawford pockets $1.9 million as Stefanutti Stocks profit surges 727% in 2025

Russell Crawford earns $1.01 million as Stefanutti Stocks CEO, driven by incentives and strong 2025 profit growth.

Feyisayo Ajayi Feyisayo Ajayi
Shell logo on a fuel nozzle at a retail station.
BusinessHot News

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

ADNOC has emerged as the preferred bidder after negotiations between Shell and commodity trader Gunvor Group collapsed.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria-Morocco $25 billion gas pipeline nears deal as 13 nations join

The pipeline is designed to transport up to 30 billion cubic meters of gas annually, with 15 billion cubic meters…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenya’s biggest opposition leader, Raila Odinga family shifts Be Energy stake offshore

Odinga family shifts 35% Be Energy stake offshore to BVI entity, signaling ownership restructuring and regional investment strategy shift.

Feyisayo Ajayi Feyisayo Ajayi
IFC Nitron fertilizer trade finance
BusinessGlobal NewsHot News

IFC weighs $30 million trade finance backing for Nitron to boost global fertilizer flows

IFC weighs $30 million backing for Nitron trade facility to boost fertilizer supply chains, food security, and agricultural resilience.

Feyisayo Ajayi Feyisayo Ajayi
Margaret Nienaber salary
BusinessHot News

Standard Bank COO Margaret Nienaber earns $4.4 million salary in 2025

Margaret Nienaber earns $4.4 million in 2025 as Standard Bank rewards strong performance and sustained growth across African markets.

Feyisayo Ajayi Feyisayo Ajayi
Kenya's Moi family wealth
BusinessHot News

How Moi family built institutional wealth strategy across Kenya’s economy

Moi family pivots from land wealth to institutional influence, reshaping Kenya’s economic power structure.

Feyisayo Ajayi Feyisayo Ajayi
Africa frontier markets investment
BusinessHot News

Inside South African dealmaker Zunaid Moti’s big bet on African frontier markets to capture resource upside

Zunaid Moti targets frontier markets, betting on undervalued African assets to capture long-term gains from rising demand for critical minerals.

Feyisayo Ajayi Feyisayo Ajayi
Taifa Gas deal
BillionairesBusinessHot News

Tanzanian billionaire Rostam Aziz’s Taifa Gas buys into Songo Songo field as Orca exits

Taifa Gas, owned by Tanzanian billionaire Rostam Aziz, acquires 49% of PanAfrican Energy Tanzania as Orca exits Songo Songo gas…

Feyisayo Ajayi Feyisayo Ajayi
IFC Accial fintech investment
Global NewsHot News

IFC to invest $25 million in Accial fintech fund to expand MSME lending in emerging markets

IFC plans $25 million anchor investment in Accial fund to expand fintech lending to MSMEs and underserved borrowers across emerging…

Feyisayo Ajayi Feyisayo Ajayi
RMH South Africa takeover
BusinessHot News

Van der Walt brothers’ AttBid tightens grip on RMH as firm clarifies Grove Mall sale

RMH clarifies Grove Mall sale remains conditional as AttBid nears 43% stake, intensifying takeover battle and shareholder scrutiny.

Feyisayo Ajayi Feyisayo Ajayi
SAHCO dividend payout 2025
BusinessHot News

Nigerian business tycoon Taiwo Afolabi to pocket N986.9 million from SAHCO Plc

Nigerian tycoon Taiwo Afolabi will receive N986.85 million dividend from SAHCO Plc for FY2025 after strong earnings growth, report shows…

Feyisayo Ajayi Feyisayo Ajayi
AttBid RMB Holdings takeover
BusinessHot News

South African Van der Walt brothers’ AttBid buys extra 5 million shares amid RMH takeover push

AttBid raises RMB Holdings stake near 43% after buying 5.13 million shares, accelerating takeover bid and control push of the…

Feyisayo Ajayi Feyisayo Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
BusinessExclusiveHot News

South African executive Sim Tshabalala earned $6.4 million from Standard Bank in 2025

The figure marks an increase from R89.2 million ($5.4 million) in 2024 and reflects a higher share of performance-based awards…

Omokolade Ajayi Omokolade Ajayi
Capitec Bank
BusinessHot News

Capitec’s market cap tops $30 billion, regains title as Africa’s most valuable bank

The South African lender, known for its large retail customer base, overtook FirstRand to regain its position as the continent’s…

Omokolade Ajayi Omokolade Ajayi
Sirius Real Estate rent growth
BusinessHot News

South Africa’s Sirius Real Estate posts 6.4% rent growth as $542 million acquisitions drive expansion

Sirius Real Estate reports 6.4% rent growth, driven by acquisitions and strong leasing demand across Germany and the U.K.

Feyisayo Ajayi Feyisayo Ajayi
The effort is being led by Foreign Minister Wang Yi, who this week began his annual New Year tour of Africa.
BusinessHot News

China steps up Africa diplomacy with focus on trade routes

At a Glance China has opened the year with a fresh diplomatic push across Africa, putting trade routes, shipping access and supply chains at the center of its outreach as competition for influence on the continent grows.  The effort is being led by Foreign Minister Wang Yi, who this week began his annual New Year tour of Africa. The trip…

Tshepo Mahloele Capitec Bank stake
BusinessHot News

South African tycoon Tshepo Mahloele’s Capitec Bank stake surpasses $1.6 billion, nets $20 million dividend

Mahloele’s Capitec stake surges past $1.6 billion, earning $20 million in dividends as shares climb 29% amid strong investor momentum.

Ezz Steel Algeria expansion
BusinessHot News

Egypt’s Ezz Steel eyes $780 million Algeria expansion to boost regional footprint

Ezz Steel plans a $780 million Algeria expansion, boosting exports, capacity growth, and North Africa’s industrial footprint.

Feyisayo Ajayi Feyisayo Ajayi
Niyi Toluwalope, MD/CEO of eTranzact
BusinessExclusive

Meet Niyi Toluwalope: Nigerian executive leading $140 million payments firm eTranzact

Niyi Toluwalope leads eTranzact, a $140 million Nigerian fintech firm expanding digital payments across Africa through infrastructure and public sector partnerships.

Timilehin Adejumobi Timilehin Adejumobi
EBRD backs $65 million Egypt solar, storage project at Benban Solar Park
BusinessTechnology

EBRD lends $65 million to HAU Energy for solar and storage project in Egypt

The European Bank for Reconstruction and Development is expanding its support for Egypt’s clean energy push with a $65 million loan to finance a new solar and battery storage project.  The funding targets a key gap in Egypt’s power system as demand rises and the country leans more on renewable energy. Officials say combining solar generation with storage will help…

Oluwatosin Alao Oluwatosin Alao
Wema Bank insider loan
BusinessHot News

Wema Bank reports N105 million insider loan linked to gaming tycoon Kessington Adebutu

Wema Bank discloses N105.84 million ($78,647) insider loan tied to Kessington Adebutu, highlighting related-party exposure and strong 2025 financial growth.

Feyisayo Ajayi Feyisayo Ajayi
Uber, Lucid, PIF invest $750 million to scale robotaxis and EV tech
BusinessTechnology

PIF, Uber invest $750 million in Lucid as robotaxi push gains traction

Saudi Arabia’s push to invest beyond oil is intersecting with Silicon Valley’s race to develop self-driving transport, as Uber Technologies Inc., Lucid Group Inc. and an affiliate of the Public Investment Fund deepen a partnership backed by a combined $750 million commitment.  The agreement reflects a broader shift in the electric vehicle and autonomous driving space, where funding is increasingly…

Oluwatosin Alao Oluwatosin Alao
Lobito Refinery
BusinessHot News

Angola’s Sonangol says Botswana has not sought stake in $6.6 billion Lobito refinery deal

Sonangol says Botswana has not formally sought a stake in the $6.6bn Lobito refinery as Angola works to close the funding gap.

Timilehin Adejumobi Timilehin Adejumobi
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