Kenyatta family assets
BusinessHot News

10 businesses owned by Kenya’s largest landholders, the Kenyatta family

Inside the Kenyatta family empire: banking, dairy, land and a $5-billion Nairobi satellite city shaping Kenya’s economy.

Feyisayo Ajayi Feyisayo Ajayi
AfroCentric Activo Health disposal
BusinessHot News

AfroCentric flags wider annual loss despite surge in headline earnings

AfroCentric forecasts wider full-year 2025 loss on impairments and reporting shift, despite strong headline earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Shoprite H1 2026 revenue
BusinessHot News

Shoprite posts $8.6 billion revenue in H1 2026

Shoprite Holdings posts $8.6 billion H1 2026 revenue, up 7.2%, as Christo Wiese-backed retailer expands market share.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

New $62 million Somerset West project taps Western Cape housing demand

The Charles launches 178 apartments in Somerset West, Western Cape, as demand grows for secure estates and lifestyle-driven housing.

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Tshepo Mahloele: South African tycoon behind $3 billion pan-African investment firm

South African investor Tshepo Mahloele leads Harith, managing over $3 billion in infrastructure investments across energy, transport and digital sectors.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe outbound travel to South Africa
Hot NewsTourism

Zimbabwe’s economic crisis fuels record travel to South Africa

Zimbabwe’s outbound trips to South Africa in 2024 underscore currency instability, inflation and weakening investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement 2025 tax payment
BusinessHot News

Dangote Cement pays $380 million in taxes in 2025

Dangote Cement paid $380 million in 2025 taxes as profit topped $730 million and revenue surged 20%, underscoring record earnings.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket $237 million dividend from BUA Cement

Nigerian billionaire Abdul Samad Rabiu will pocket $237 million after BUA Cement posts 379% profit surge in 2025.

Omokolade Ajayi Omokolade Ajayi
Oriental Weavers 2025 profit
BusinessHot News

Egypt’s Oriental Weavers posts $45 million in profits in 2025

Oriental Weavers posts $45 million profit in 2025 as revenue rises 10% despite margin pressures.

Feyisayo Ajayi Feyisayo Ajayi
Prudential ICEA Lion stake sale
BusinessHot News

Prudential sells 24.1% ICEA portfolio acquired from Ndegwa family in 2021

Prudential will exit ICEA Lion, selling its 24.1% stake acquired in a $18.6 million Ndegwa family deal, pending approvals.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

MTN Group forecasts massive rebound after MTN Nigeria posts $820 million profit

MTN Group expects earnings rebound as MTN Nigeria reports $820 million profit and free cash flow jumps 215 percent.

Omokolade Ajayi Omokolade Ajayi
Breadfast $50 million funding
BusinessHot News

Saudi billionaire-backed Breadfast targets Egypt grocery dominance

Breadfast secures $50 million from Mubadala and a Saudi billionaire family to accelerate Egypt e-commerce expansion.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement 2025 tax payment
BusinessHot News

Aliko Dangote’s cement business hauls in $3.2 billion revenue in 2025

Dangote Cement posts $3.16 billion revenue in 2025, with record profit $745.5 million, driven by Nigeria, efficiency, and Pan-African growth

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigerian billionaire Adebayo Ogunlesi’s GIP nears deal to acquire power firm AES

Global Infrastructure Partners, founded by Adebayo Ogunlesi, is nearing a deal with EQT to acquire AES Corp. as power demand…

Omokolade Ajayi Omokolade Ajayi
MTN Nigeria tax bill 2025
BusinessHot News

MTN Nigeria pays $429.7 million to Nigeria’s federal government as tax in 2025

TN Nigeria posts $429.7 million tax bill in 2025 as new tax law drives higher levies despite profit rebound.

Feyisayo Ajayi Feyisayo Ajayi
Africa luxury spas
Hot NewsLuxury

10 star-studded spas in Africa redefining luxury wellness

Africa’s star-studded spas blend indigenous rituals, sustainability and ultra-luxury to reshape the global wellness economy.

Feyisayo Ajayi Feyisayo Ajayi
Champion Breweries Bullet acquisition
BusinessHot News

How a low-profile Nigerian brewer is quietly building a cross-border African beverage empire

Champion Breweries acquires Bullet portfolio for $29.4 million, expanding into 14 African markets and high-growth Ready-to-drink categories.

Feyisayo Ajayi Feyisayo Ajayi
IFC backs Morocco microloans
BusinessHot News

Morocco’s Fondation Arrawaj gets $15 million IFC microloan

IFC proposes $15 million loan to Morocco’s Arrawaj, boosting microenterprise lending and financial inclusion for MSMEs and women-owned businesses.

Feyisayo Ajayi Feyisayo Ajayi
B Investments Brown Nose Coffee acquisition
BusinessHot News

Egypt’s B Investments moves to acquire controlling stake in Brown Nose Coffee

B Investments plans phased deal to secure majority stake in Brown Nose Coffee, deepening exposure to Egypt’s fast-growing consumer sector.

Feyisayo Ajayi Feyisayo Ajayi
Africa fine dining restaurants
Hot NewsLuxury

20 stellar restaurants across Africa

Africa’s top fine-dining restaurants blend heritage, luxury and innovation, redefining global perceptions of the continent’s cuisine.

Feyisayo Ajayi Feyisayo Ajayi
Kenyatta family assets
BusinessHot News

10 businesses owned by Kenya’s largest landholders, the Kenyatta family

Inside the Kenyatta family empire: banking, dairy, land and a $5-billion Nairobi…

Feyisayo Ajayi Feyisayo Ajayi
Durban Container Terminal
BusinessHot News

South Africa’s 10 public-private deals reshaping infrastructure

Infrastructure overhaul gains pace through South Africa PPPs

Timilehin Adejumobi Timilehin Adejumobi
Minor Hotels launches NH Collection Resort in Tanzania
BusinessTourism

Minor Hotels to open NH collection resort on Pemba Island, Tanzania

Luxury tourism in East Africa is drawing renewed interest from global hotel…

Oluwatosin Alao Oluwatosin Alao
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