Nigerian billionaire businessman Tony Elumelu
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake hits $1.2 billion

Nigerian billionaire Tony Elumelu has seen his Seplat Energy holding surge to $1.2 billion, driven by rising crude production and…

Omokolade Ajayi Omokolade Ajayi
Pivot Integrated Energy Services Limited (Pivot), a leading indigenous integrated downstream energy company.
BusinessHot News

Pivot’s N100 Billion Commercial Paper Debut Oversubscribed in Landmark African Growth Push

The oversubscription gives Pivot additional funding for its operations in the trading, storage, distribution and supply of refined petroleum products…

Editorial Team Editorial Team
Jacqueline Benyi
BusinessHot News

Ghanaian executive, Jacqueline Benyi, named Group COO, Life, at Enterprise Group

Jacqueline Benyi becomes Enterprise Group’s Group COO, Life, after a decade leading Enterprise Life Ghana and a 25-year insurance career.

Feyisayo Ajayi Feyisayo Ajayi
Ex-Vodacom dealmaker Mamokete Ramathe
BusinessHot News

Ex-Vodacom dealmaker Mamokete Ramathe leads Mamor Capital to $18.8 million raise

The milestone follows more than three years of fundraising and puts the Johannesburg-based firm more than halfway toward its final…

Omokolade Ajayi Omokolade Ajayi
Management of WIOCC, AFC and Vision Invest, at the LEAP 2026 Global Technology exhibition in Riyadh
TechnologyBusinessHot News

Why a $300 million bet on African data centers matters right now

The deal puts a combined $300 million of fresh capital into WIOCC, targeting the severe shortfall in computing power, storage,…

Omokolade Ajayi Omokolade Ajayi
RCL Foods Limited
BusinessHot News

Cheap sugar imports hit Johann Rupert-backed RCL Foods as profit drops 47% to $47.5 million

The downturn prompted the board to slash its total annual dividend by 33.3 percent.

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
BusinessHot News

Dangote Refinery boosts Nigeria’s refining sector to 44% growth in second quarter

Data released by the National Bureau of Statistics showed the country’s oil refining sector grew 43.94 percent year-on-year in the…

Omokolade Ajayi Omokolade Ajayi
Sea Harvest Ladismith Cheese sale delay
BusinessHot News

South African businessman Fred Robertson’s Sea Harvest posts $20 million H1 2026 profit

Sea Harvest, chaired by Fred Robertson, reports a $20 million H1 2026 profit as pricing and cost controls offset weaker…

Feyisayo Ajayi Feyisayo Ajayi
Mamy Ravatomanga
BusinessHot News

Malagasy businessman Mamy Ravatomanga and $163 million money laundering saga

Malagasy businessman Mamy Ravatomanga remains in Mauritius custody as authorities investigate an alleged $163 million money laundering case.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria
Hot NewsBusiness

MTN Nigeria’s expenses hit $989.4 million amid $519 million profit in H1 2026

MTN Nigeria’s expenses rose to N1.32 trillion in H1 2026, while revenue climbed 25.9% and profit after tax surged 70.6%.

Feyisayo Ajayi Feyisayo Ajayi
Reinet
BusinessBillionairesHot News

Reinet, led by South African billionaire Johann Rupert, exceeds $30 million in share buybacks

Reinet, led by Johann Rupert, has surpassed $30 million in share buybacks after repurchasing 1.15 million shares on the JSE.

Feyisayo Ajayi Feyisayo Ajayi
Saint Anne Seychelles
BusinessHot News

Seychelles plans $2 billion wealth fund to fix roads and fund hospitals

The push comes as the Indian Ocean archipelago works through a difficult stretch for its tourism-led economy.

Omokolade Ajayi Omokolade Ajayi
Mauritian insurer Swan General
BusinessHot News

Mauritian giant Swan General sees Q1 2026 profit leap 241% to $12.3 million

The increase in earnings underscores the group’s resilience amid broader volatility in global financial markets.

Omokolade Ajayi Omokolade Ajayi
Gold Fields’ mining operation in South Africa.
BusinessHot News

How South Africa’s Gold Fields pulled off a $12.5 billion comeback

The rebound has reversed much of the damage suffered during the first seven months of the year.

Omokolade Ajayi Omokolade Ajayi
South African executive Mpumi Madisa
BusinessHot News

Mpumi Madisa steers Bidvest to $810 million trading profit, lifts dividend

The stronger underlying performance enabled the board to declare a final gross cash dividend of R4.83 ($0.29) per share, reflecting…

Omokolade Ajayi Omokolade Ajayi
Stefanutti Stocks order book
BusinessHot News

Stefanutti Stocks directors receive shares worth close to 1 million after FSP awards vest

Stefanutti Stocks directors receive shares worth R13.3 million ($823,368) after forfeitable awards vest and taxes are settled through treasury shares.

Feyisayo Ajayi Feyisayo Ajayi
Tim Draper
BillionairesBusinessHot NewsLuxury

Here is why billionaire investor Tim Draper is selling his stake in Tanzania’s Lupita Island for $7.9 million

Billionaire Tim Draper is seeking $7.9 million for his investment in Lupita Island, a luxury resort on Tanzania’s Lake Tanganyika.

Feyisayo Ajayi Feyisayo Ajayi
Absa named custodian of South Africa’s Government pension fund
BusinessHot News

Absa Bank wins bid to uphold summary judgment against Ivan Bjorkman’s Guesthouse

Absa Bank has upheld a summary judgment against Ivan Bjorkman and Her Majesty’s Guesthouse after a Gauteng High Court rescission…

Feyisayo Ajayi Feyisayo Ajayi
Jubilee Holdings Limited
BusinessHot News

Jubilee Holdings profit climbs to $27 million in H1 2026 as investments drive growth

Jubilee Holdings’ H1 2026 profit rose 12.7% to $27 million as investment income offset weaker insurance operations.

Feyisayo Ajayi Feyisayo Ajayi
ORA Developers UAE expansion
BusinessHot News

Orascom Investment eyes airport deals as Egypt prepares 11 airports for private partnerships

Orascom Investment is exploring airport deals as Egypt prepares to place 11 airports under private-sector management and attract new investors.

Feyisayo Ajayi Feyisayo Ajayi
The Foschini Group
BusinessHot News

South Africa’s TFG plans major store closures amid retail shift

TFG store closures South Africa signal retail shift as Foschini Group shuts 100+ stores amid rising e-commerce pressure.

Tyla
EntertainmentHot News

Tyla makes history as first African Kids’ Choice host

Tyla makes history as the first African to host Nickelodeon’s Kids’ Choice Awards as her hit “Water” crosses 1 billion streams and earns two nominations.

Kazera Global wins approval for a Northern Cape mining right
BusinessHot News

Kazera secures mining right approval in South Africa’s Northern Cape

Kazera Global wins approval for a Northern Cape mining right, clearing the way for its $369.3 million heavy mineral sands project.

Oluwatosin Alao Oluwatosin Alao
World Bank
BusinessHot News

World Bank plans $40 million investment in Camco Clean Energy fund for African renewable projects

World Bank’s IFC considers a $40 million investment in Camco Clean Energy’s fund to finance renewable projects across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake hits $1.2 billion

Nigerian billionaire Tony Elumelu has seen his Seplat Energy holding surge to $1.2 billion, driven by rising crude production and stronger earnings.

Omokolade Ajayi Omokolade Ajayi
Gigmile
BusinessHot NewsTechnology

Nigerian entrepreneur Kayode Adeyinka-led Gigmile eyes $4 million IFC investment

Gigmile Technologies, founded by Kayode Adeyinka and Samuel Esiri, seeks up to $4 million in proposed IFC equity financing in Nigeria and Ghana.

Feyisayo Ajayi Feyisayo Ajayi
African private equity
BusinessHot News

Nigerian tycoon Temitope Lawani’s Helios Towers eyes $500 million bond to refinance debt

Helios Towers, backed by Nigerian tycoon Temitope Lawani, plans a $500 million bond to refinance debt and support corporate needs.

Feyisayo Ajayi Feyisayo Ajayi
Palantir CEO Alex Karp
BusinessBillionaires

Palantir CEO Alex Karp to become first major investor in new Ukraine defense firm 

Alex Karp will become the first major investor in a new Ukraine defense company launched by former minister Mykhailo Fedorov.

Timilehin Adejumobi Timilehin Adejumobi
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