Indimi gains $35 million as Jaiz rallies shares
BusinessHot News

Nigerian oil tycoon Mohammed Indimi gains $35 million from Jaiz Bank shares in 40 days

Mohammed Indimi’s Jaiz Bank stake gained over $35 million in 40 days as shares surged nearly 80% on the Nigerian…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Hyprop sells half of Woodlands Boulevard for $49.6 million, keeps stake for future growth

Hyprop sells half of Woodlands Boulevard for $49.6 million while keeping a 50% stake to support future growth.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Abdul Samad Rabiu’s son, Khalifa, takes leadership role at BUA Foods

Khalifa Rabiu joins BUA Foods as Chief Officer, driving global procurement, supply chain efficiency, and growth for Nigeria’s $10.6 billion…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Harith strikes FlySafair deal two years after SAA talks collapsed

Harith General Partners acquires South Africa's FlySafair, returning to aviation after SAA talks collapsed.

Omokolade Ajayi Omokolade Ajayi
Kenyatta family stake faces Nedbank takeover
BusinessHot News

Nedbank–NCBA deal puts Kenyatta’s multimillion-dollar stake on the line

Nedbank’s $856 million NCBA buyout threatens Mama Ngina Kenyatta’s $151 million stake amid East Africa banking shakeup.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Aliko Dangote gains $726 million in 24 hours; net worth nears $32 billion

Aliko Dangote’s net worth jumps $726 million in 24 hours, edging closer to $32 billion on rising Dangote Cement shares.

Omokolade Ajayi Omokolade Ajayi
Digital banking Egypt 2026
BusinessHot News

CIB plans $300 million digital bank to serve Egypt’s retail, MSMEs by 2027

CIB invests $300 million to launch a digital bank, targeting Egypt’s retail and MSME sectors by 2026–2027.

Feyisayo Ajayi Feyisayo Ajayi
Exclusive

Lihaxa is rethinking health emergencies and out-of-pocket surprises

Lihaxa is building an AI-powered virtual clinic that tackles health emergencies, hidden costs, and care access gaps across underserved markets.

Editorial Team Editorial Team
BusinessHot News

Pepkor CEO Pieter Erasmus sells $33M in shares as retail giant hits 6,000 stores

South African Pepkor CEO Pieter Erasmus sold $33 million in shares as the retail group surpasses 6,000 stores.

Omokolade Ajayi Omokolade Ajayi
Business moguls reshaping African pharma
BusinessHot News

Top 15 pharmaceutical moguls powering Africa’s healthcare

Africa’s pharma moguls are transforming healthcare, boosting local drug manufacturing, and reducing reliance on imports.

Feyisayo Ajayi Feyisayo Ajayi
Access Bank Bidvest deal
BusinessHot News

Bidvest relaunches banking arm sale after Access Bank $157 million deal collapse

Bidvest relaunches sale of its bank after Access Bank deal collapses, exposing regulatory hurdles facing cross-border banking deals in Africa.

Feyisayo Ajayi Feyisayo Ajayi
Tony Elumelu joins Seplat’s board after $500 million stake deal, setting stage for chairmanship at Nigeria’s leading indigenous energy producer.
BusinessHot News

Tony Elumelu’s Seplat stake tops $600 million weeks after $496 million purchase

Tony Elumelu’s Seplat Energy stake has climbed above $600 million, weeks after a $496 million acquisition reshaped Nigeria’s energy sector.

Omokolade Ajayi Omokolade Ajayi
Sibanye Stillwater platinum prices
BusinessHot News

Sibanye Stillwater bets on platinum rebound, lithium growth strategy

Sibanye Stillwater says platinum has a new price floor as supply deficits lift markets and the miner advances lithium growth…

Feyisayo Ajayi Feyisayo Ajayi
BusinessTourism

Mauritius’ Sun Limited posts nearly $90 million in 2026 half-year revenue

Mauritius’ Sun Limited reports $88 million in half-year revenue, boosted by hotels, resorts, and rising visitor arrivals.

Omokolade Ajayi Omokolade Ajayi
BlackRock Clicks Group stake
BusinessHot News

BlackRock raises stake in Clicks Group to $239 million

BlackRock boosted its Clicks Group stake to $239 million, signaling rising global investor confidence in South Africa’s healthcare retail sector.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa’s richest man Aliko Dangote adds $1.2 billion in early 2026 gains

Africa’s richest man, Aliko Dangote, adds $1.21 billion as Dangote Cement shares climb in early 2026.

Omokolade Ajayi Omokolade Ajayi
Dar es Salaam Stock Exchange stocks
BusinessHot News

Top billion-dollar firms on Dar es Salaam Stock Exchange

Tanzania’s DSE hosts five billion-dollar stocks, led by banks and brewers, reflecting investor confidence, consumer demand, and capital market maturity.

Feyisayo Ajayi Feyisayo Ajayi
Hot News

South Africa’s Eskom gets $3.4 billion boost from revised electricity tariffs

South Africa’s Eskom gains $3.4 billion from tariff correction, boosting finances and funding power plant upgrades.

Omokolade Ajayi Omokolade Ajayi
Mauritius business groups
BusinessHot News

Mauritius’ business groups: Multimillionaires who built them

Mauritius’ top business families built diversified conglomerates that transformed sugar wealth into finance, tourism, logistics and real estate powerhouses.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

China opens market to 400 Tanzanian agricultural exporters

China has approved 408 Tanzanian agricultural exporters, giving farmers and companies wider access to the Chinese market after months of…

Omokolade Ajayi Omokolade Ajayi
Indimi gains $35 million as Jaiz rallies shares
BusinessHot News

Nigerian oil tycoon Mohammed Indimi gains $35 million from Jaiz Bank shares in 40 days

Mohammed Indimi’s Jaiz Bank stake gained over $35 million in 40 days…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Hyprop sells half of Woodlands Boulevard for $49.6 million, keeps stake for future growth

Hyprop sells half of Woodlands Boulevard for $49.6 million while keeping a…

Omokolade Ajayi Omokolade Ajayi
Lion Sand River Lodge, South Africa
BusinessLuxury

Why family offices are investing in Africa’s luxury resorts

Family offices are turning to Africa’s luxury resorts as tourism recovers and…

Timilehin Adejumobi Timilehin Adejumobi
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