British-Nigerian entrepreneur Ladi Delano
TechnologyBusinessHot News

Moove exits Nigeria months after hitting $2.1B valuation, hands drivers $26M fleet

The company softened the blow with an unprecedented parting gift, pledging to transfer outright ownership of eligible vehicles to drivers…

Omokolade Ajayi Omokolade Ajayi
Malagasy tycoon Hassanein Hiridjee
BusinessEnergyHot News

Hassanein Hiridjee’s Axian to build 200MW solar plant to ease Zambian outages

The deal signals growing private-sector momentum across Southern Africa as regional utilities turn toward independent power producers to stave off…

Omokolade Ajayi Omokolade Ajayi
Sudhir Ruparelia
BankingBusinessHot News

Ugandan tycoon Sudhir Ruparelia’s former Crane Bank building set for I&M Bank branch

Ugandan tycoon Sudhir Ruparelia’s former Crane Bank property in Ntinda is set to reopen as an I&M Bank Uganda branch.

Feyisayo Ajayi Feyisayo Ajayi
Jude Chiemeka, NGX Limited CEO & President ASEA.
BusinessExecutivesMarkets

NGX CEO Jude Chiemeka takes helm of African Securities Exchanges

Chiemeka, who also chairs the West African Capital Markets Integration Council, succeeds Pierre Célestin Rwabukumba, CEO of the Rwanda Stock…

Timilehin Adejumobi Timilehin Adejumobi
OCI Global
BusinessCompaniesHot NewsLatest

OCI wins court battle as Amsterdam court rejects shareholder inquiry

OCI wins legal battle as Amsterdam court rejects shareholder inquiry into Nassef Sawiris-backed OCI and its governance, filed by Dutch…

Feyisayo Ajayi Feyisayo Ajayi
PETROBRAS
BusinessGlobal News

Petrobras taps TechnipFMC for major Brazil offshore contract

Petrobras awards TechnipFMC a major Brazil offshore contract worth up to $250 million for flexible flowlines supporting pre-salt oil projects.

Oluwatosin Alao Oluwatosin Alao
South Africa's platinum giant, Valterra Platinum
BusinessCompaniesHot NewsMining

South Africa’s platinum giant, Valterra, moves to seize Western supply shift

Addressing delegates at the Joburg Indaba conference, Chief Executive Craig Miller argued that market volatility is forcing boardrooms worldwide to…

Omokolade Ajayi Omokolade Ajayi
Tanzanian entrepreneur Elia Timotheo
BusinessEntrepreneursHot News

Tanzanian entrepreneur Elia Timotheo leads EA Foods to $40 million raise

The funding will be used to scale the physical and digital infrastructure, spanning sourcing, transportation, storage and distribution.

Omokolade Ajayi Omokolade Ajayi
IFAD- Equity
BusinessHot NewsInvestmentsLatest

IFAD, Equity Group’s 12-year blended finance to generate $266 million for farmers, MSMEs 

IFAD and Equity Group's 12-year blended finance mechanism expected to generate $266 million in loans for East African farmers and…

Feyisayo Ajayi Feyisayo Ajayi
in2food, Woolworths
BusinessHot NewsLatestMarkets

Woolworths acquires South African food producer in2food to strengthen premium food business

Woolworths will acquire South African food producer in2food after regulatory approval, strengthening its premium food business and supply chain.

Feyisayo Ajayi Feyisayo Ajayi
Matusadona National Park Zimbabwe
TourismLuxury

Matusadona comeback: Zimbabwe’s hidden safari gem revives

Matusadona Park revives under African Parks with anti-poaching gains, species reintroduction

Bitcoin
TechnologyBusinessHot News

Ethiopia slashes power to Bitcoin miners as El Niño hurts dams

Ethiopia has cut power supplies to Bitcoin miners to 23% of contracted levels as drought reduces hydropower generation.

British-Nigerian entrepreneur Ladi Delano
TechnologyBusinessHot News

Moove exits Nigeria months after hitting $2.1B valuation, hands drivers $26M fleet

Moove is exiting Nigeria after reaching a $2.1 billion valuation, transferring a $26.3 million vehicle fleet to eligible drivers as it pivots to autonomous mobility.

Omokolade Ajayi Omokolade Ajayi
James Mwangi
Hot News

Equity Group CEO James Mwangi lands Global development role

Equity Group CEO James Mwangi joins the South-North Commission as its sole African business leader among 20 commissioners shaping global development.

Feyisayo Ajayi Feyisayo Ajayi
Malagasy tycoon Hassanein Hiridjee
BusinessEnergyHot News

Hassanein Hiridjee’s Axian to build 200MW solar plant to ease Zambian outages

Hassanein Hiridjee’s Axian Group has finalized a deal to build the 200MW Kudu solar plant in Zambia, expanding its clean-energy drive across Africa.

Omokolade Ajayi Omokolade Ajayi
Sudhir Ruparelia
BankingBusinessHot News

Ugandan tycoon Sudhir Ruparelia’s former Crane Bank building set for I&M Bank branch

Ugandan tycoon Sudhir Ruparelia’s former Crane Bank property in Ntinda is set to reopen as an I&M Bank Uganda branch.

Feyisayo Ajayi Feyisayo Ajayi
OCI Global
BusinessCompaniesHot NewsLatest

OCI wins court battle as Amsterdam court rejects shareholder inquiry

OCI wins legal battle as Amsterdam court rejects shareholder inquiry into Nassef Sawiris-backed OCI and its governance, filed by Dutch investors.

Feyisayo Ajayi Feyisayo Ajayi
Morocco’s Royal Air Maroc
BusinessHot NewsTechnology

Morocco’s Royal Air Maroc becomes first in Africa to add Starlink Wi-Fi

Royal Air Maroc seals a Starlink deal for 41 aircraft, becoming the first airline in Africa to roll out space-based Wi-Fi.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
BillionairesHot NewsInvestments

Nigerian billionaire Tony Elumelu urges investors in Paris to fund Africa’s future

Tony Elumelu challenges global financiers in Paris to invest directly in young African founders, moving past foreign aid into real enterprise.

Omokolade Ajayi Omokolade Ajayi
Naguib Sawiris
InvestmentsBillionairesLatest

Billionaire Naguib Sawiris deepens Egypt gold bet with 5 new blocks as Wa’al nears key study

Billionaire Naguib Sawiris is expanding his Egypt gold portfolio with five new exploration bids as the Wa’al project nears a key study.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopian billionaire Mohammed Al-Amoudi’s net worth drops below $10 billion

Mohammed Al-Amoudi’s net worth falls to $9.74 billion as asset valuations decline, while MIDROC targets 120,000 employees and 10 new hotels.

Omokolade Ajayi Omokolade Ajayi
kujana Camp
TourismLifestyle

Robin Pope Safaris expands into Zambia’s Lower Zambezi with Kujana Camp    

Robin Pope Safaris marks 40 years in Zambia with Kujana Camp, opening a new luxury safari base in the Lower Zambezi.

Timilehin Adejumobi Timilehin Adejumobi
Hemingways Nairobi
HospitalityLifestyleTourism

Hemingways Nairobi becomes first Kenyan hotel to join Leading Hotels of the World

Hemingways Nairobi joins Leading Hotels of the World as Kenya’s first and only member, expanding its global luxury reach.

Timilehin Adejumobi Timilehin Adejumobi
Airlink
BusinessTourismTravels

Airlink launches direct flights from Cape Town to Mauritius

Airlink launches twice-weekly Cape Town-Mauritius flights, creating a direct link between two major tourism and business markets.

Timilehin Adejumobi Timilehin Adejumobi