Hacienda Ras El Hekma
Hot NewsBusinessLuxury

Palm Hills Developments secures $157 million financing to accelerate Palm Hills New Cairo

Palm Hills Developments secures $157 million financing to accelerate construction and deliveries at its Palm Hills New Cairo project in…

Feyisayo Ajayi Feyisayo Ajayi
Ali Dharani, Indian-born Namibian businessman
BusinessHot News

Ali Dharani: Indian-born Namibian businessman behind Rani Group’s retail empire

Indian-born Namibian businessman Ali Dharani built Rani Group from a border trading business into a nationwide retail and manufacturing empire.

Feyisayo Ajayi Feyisayo Ajayi
Adrian Basson, Whitey Basson's Son
BusinessHot News

Adrian Basson: Shoprite heir turns $3 million Hungry Lion into a 500-store fast-food empire

Adrian Basson transformed Hungry Lion from a $1 million Shoprite-linked business into a 500-store African fast-food chain across nine countries.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Namibia Consul Justin Anosike denies $1 million Dangote meeting fee

Namibia’s honorary consul in Nigeria denies seeking $1 million from Aliko Dangote to arrange a presidential meeting over a proposed…

Feyisayo Ajayi Feyisayo Ajayi
Nonesi Mall
LuxuryBusinessHot News

Vukile Property Fund opens $4.7 million Nonesi Mall expansion in South Africa

Vukile Property Fund has opened a $4.7 million Nonesi Mall expansion in South Africa, adding retail space, tenants and jobs…

Feyisayo Ajayi Feyisayo Ajayi
KAP
BusinessHot News

KAP revises Southern Cape forestry deal as PG Bison assets move to new buyer

KAP has revised its Southern Cape forestry deal, with PG Bison assets set to move to CPIH under amended transaction…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
BusinessHot News

GTBank co-founder Fola Adeola gains $44 million as oil stake hits $271 million

The recovery follows a 19.7 percent rise in Aradel’s share price since July 2, from N1,275.80 ($0.94) to N1,526.80 ($1.14).

Omokolade Ajayi Omokolade Ajayi
Mauritius-based insurance group MUA Limited
BusinessHot News

Mauritius-based MUA posts $7.85 million first-half profit as home market drives growth

Profit after tax rose to Rs369 million ($7.85 million) in the six months ended June 30, from Rs249 million ($5.4…

Omokolade Ajayi Omokolade Ajayi
KC Luxury
BusinessHot News

Nigerian influencer Afolabi Michael arrested by NDLEA over cocaine worth $28 million destined for UK

Nigerian influencer Afolabi Kazeem Micheal, known as KC Luxury, was arrested after NDLEA seized cocaine worth nearly $28 million bound…

Feyisayo Ajayi Feyisayo Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN Rwanda’s half-year profit more than triples to $11.7 million on mobile money, data growth

The Kigali-based telecom operator’s results were supported by higher revenue across its main businesses, tighter control of expenses and a…

Omokolade Ajayi Omokolade Ajayi
Tanzanian billionaire Mohammed Dewji
BillionairesBusinessHot News

Tanzanian billionaire Mohammed Dewji eyes regional growth and industrial expansion

The talks, held at the Julius Nyerere International Convention Centre, centered on expanding access to commercial credit for local enterprises…

Omokolade Ajayi Omokolade Ajayi
Egyptian billionaire Naguib Sawiris.
BillionairesHot News

Orascom Investment Holding approves $10 million loan, Naguib Sawiris-led board

Orascom Investment Holding approves a $10 million shareholder loan as Naguib Sawiris leads a new three-year board mandate.

Feyisayo Ajayi Feyisayo Ajayi
Nipool Shah
BusinessHot News

Meet Nipool Shah, Kenyan property tycoon behind Dunhill’s growing real estate empire

Kenyan businessman Nipool Shah has built Dunhill into a diversified property group spanning offices, malls, warehouses, homes and valuations.

Feyisayo Ajayi Feyisayo Ajayi
kenya Airways
Hot NewsBusiness

Kenya rushes to sell stake in troubled national airline by year-end

This process is currently ongoing and is targeted to be finalized by December 2026.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe’s net worth rebounds to $3.6 billion as mining stocks rise

Motsepe’s net worth has risen to $3.6 billion from $3.4 billion on July 30, according to Forbes.

Omokolade Ajayi Omokolade Ajayi
Otunba Wale Jubril
Business

Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

Feyisayo Ajayi Feyisayo Ajayi
Karl-Stefan Altmann
Hot NewsBusiness

Namibian finance executive Karl-Stefan Altmann joins Letshego Holdings board

Namibian finance executive Karl-Stefan Altmann has rejoined Letshego Holdings Namibia’s board as a non-executive director, effective Aug. 17, 2026.

Feyisayo Ajayi Feyisayo Ajayi
Absa Group, South Africa’s third-biggest lender.
BusinessHot News

Absa Group posts higher income as earnings, lending improve in first half of 2026

Absa's earnings also improved during the period. Basic earnings per ordinary share rose 12.1 percent to R15.18 ($0.93) from R13.54…

Omokolade Ajayi Omokolade Ajayi
Capitec Bank HQ
BusinessHot News

Capitec overtakes FirstRand as Africa’s most valuable bank at $34.5 billion

The latest change comes after Capitec shares gained 2.2 percent over the past month, lifting its market cap to R561.2…

Omokolade Ajayi Omokolade Ajayi
Engr. Mohammed Sani Jaoji
BusinessHot News

Mohammed Sani Jaoji named CEO of Geregu Power after $29.4 million bond default

Jaoji’s appointment took effect Aug. 17 and is subject to approval by the Nigerian Electricity Regulatory Commission.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Ethiopia’s Allied Chemicals to get $17 million from IFC to build fertilizer plant

IFC plans up to $17 million financing for Allied Chemicals to build Ethiopia’s first private fertilizer plant, boosting supply and farm productivity.

Ecobank Proparco agricultural financing
BusinessHot News

Ecobank posts $594 million profit amid surging returns in 2025

Ecobank posts $594 million profit in 2025 as revenue rises 17%, driven by diversification, digital growth and strong execution.

Hacienda Ras El Hekma
Hot NewsBusinessLuxury

Palm Hills Developments secures $157 million financing to accelerate Palm Hills New Cairo

Palm Hills Developments secures $157 million financing to accelerate construction and deliveries at its Palm Hills New Cairo project in East Cairo.

Feyisayo Ajayi Feyisayo Ajayi
Ali Dharani, Indian-born Namibian businessman
BusinessHot News

Ali Dharani: Indian-born Namibian businessman behind Rani Group’s retail empire

Indian-born Namibian businessman Ali Dharani built Rani Group from a border trading business into a nationwide retail and manufacturing empire.

Feyisayo Ajayi Feyisayo Ajayi
Adrian Basson, Whitey Basson's Son
BusinessHot News

Adrian Basson: Shoprite heir turns $3 million Hungry Lion into a 500-store fast-food empire

Adrian Basson transformed Hungry Lion from a $1 million Shoprite-linked business into a 500-store African fast-food chain across nine countries.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Namibia Consul Justin Anosike denies $1 million Dangote meeting fee

Namibia’s honorary consul in Nigeria denies seeking $1 million from Aliko Dangote to arrange a presidential meeting over a proposed investment.

Feyisayo Ajayi Feyisayo Ajayi
Nonesi Mall
LuxuryBusinessHot News

Vukile Property Fund opens $4.7 million Nonesi Mall expansion in South Africa

Vukile Property Fund has opened a $4.7 million Nonesi Mall expansion in South Africa, adding retail space, tenants and jobs in the Eastern Cape.

Feyisayo Ajayi Feyisayo Ajayi
Mozambique starts Topuito Industrial Park to boost local SMEs
BusinessHot News

Mozambique starts Topuito Industrial Park to boost SME opportunities

Mozambique has begun work on the Topuito Industrial Park, creating new opportunities for SMEs to supply the mining and wider economy.

Oluwatosin Alao Oluwatosin Alao
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