Cassava Technologies expands Africa’s cloud resilience with Microsoft Azure milestone

July 20, 2026

Kola Karim’s Shoreline gets $200 million Afreximbank-backed facility for Algeria’s $980 million project

July 20, 2026

World Bank approves $1.5 billion for South Africa’s infrastructure push

July 20, 2026

Abdul Samad Rabiu’s son, Khalifa, pockets $9.6 million dividend from BUA Foods

July 20, 2026

Cassava Technologies expands Africa’s cloud resilience with Microsoft Azure milestone

Cassava Technologies boosts Africa’s cloud resilience as Africa Data Centres becomes Azure ExpressRoute Metro site in Johannesburg.

Feyisayo Ajayi July 20, 2026

Hot News Business

Kola Karim’s Shoreline gets $200 million Afreximbank-backed facility for Algeria’s $980 million project

Shoreline secures a $200 million Afreximbank facility to fund Algeria's $980 million HBR project, boosting pan-African energy development.

Feyisayo Ajayi July 20, 2026

Hot News Billionaires Business

Abdul Samad Rabiu’s son, Khalifa, pockets $9.6 million dividend from BUA Foods

The payout was credited electronically to shareholders alongside other investors in the company.

Omokolade Ajayi July 20, 2026

Hot News Business

Transcorp Power posts $39.8 million half-year profit despite Nigeria grid attacks

The Ughelli-based power producer reported revenue of N181.97 billion ($131.91 million) for the first half of 2026.

Omokolade Ajayi July 20, 2026

Business Hot News

Mohamed El-Sewedy’s stake in Egyptian electric giant nears $700 million

Mohamed El-Sewedy’s stake in Elsewedy Electric rises by $98 million in 2026, nearing $700 million as shares rally on strong…

Feyisayo Ajayi July 20, 2026

Hot News Billionaires Business

Nigerian billionaire Abdul Samad Rabiu collects $337 million BUA Foods dividend

Rabiu, Nigeria's second-richest man and Africa's third-richest billionaire, owns 92.64 percent of the Lagos-based food group.

Omokolade Ajayi July 20, 2026

Hot News Billionaires Business

Co-op Bank becomes Kenya’s fourth-most valuable company with $1.6 billion market cap under Gideon Muriuki

The lender now ranks behind Safaricom, Equity Group, and KCB Group, underscoring Co-op Bank’s steady rise under Gideon Muriuki.

Omokolade Ajayi July 20, 2026

Business Hot News

Standard Bank takes $8.6 million in franchise fees from Kenyan unit in 2025

Standard Bank took $8.6 million in franchise fees from Stanbic Kenya in 2025, extending a two-year decline as the unit’s…

Feyisayo Ajayi July 20, 2026

Hot News Billionaires Business

Nigerian billionaire Femi Otedola’s First HoldCo stake tops $700 million as shares hit record high

The surge has once again placed Otedola at the center of activity on the Nigerian capital market.

Omokolade Ajayi July 20, 2026

Hot News Business

TMG hits $4 billion market cap, holds spot as Egypt’s No. 2 publicly listed firm

Feyisayo Ajayi July 20, 2026

Business Hot News

El-Sewedy Sisters, Mona, Zeinab, Azza’s stake in Egyptian electric giant rises by $49 million to $353 million

El-Sewedy sisters’ stake in Elsewedy Electric jumps $49 million to $353 million as shares rally, strengthening their position on Egypt’s…

Feyisayo Ajayi July 19, 2026

Business Hot News

Egypt’s Fawry gets $11 million MSME financing boost

Fawry secures $11 million MSME financing from MSMEDA to expand digital lending, boosting access for small businesses across Egypt.

Feyisayo Ajayi July 19, 2026

Business Global News Hot News

South Africa’s billionaire Zak Calisto drives Karooooo to $95 million Q1 2027 revenue

Karooooo posts $95 million Q1 2027 revenue as billionaire Zak Calisto drives subscriber growth and expanding global SaaS mobility operations.

Feyisayo Ajayi July 18, 2026

Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector

Business Hot News

Mantengu agrees $2 million Blue Ridge sale, exits platinum asset

Mantengu agrees $2.12 million Blue Ridge sale, exiting loss-making platinum asset to cut liabilities and strengthen balance sheet.

Feyisayo Ajayi July 18, 2026

Aliko Dangote, president of Dangote Group

Business Billionaires Hot News

Aliko Dangote’s refinery raises $2.5 billion ahead of IPO

Dangote refinery raises $2.5 billion in private placement, strengthening finances ahead of IPO and accelerating expansion across global fuel markets.

Feyisayo Ajayi July 17, 2026

Business Hot News

ReconAfrica announces first onshore Namibia hydrocarbon flow from Kavango well

ReconAfrica reports first onshore hydrocarbon flow in Namibia from Kavango well, marking milestone in early-stage exploration testing.

Feyisayo Ajayi July 17, 2026

Business Hot News

Kenyan billionaire Chris Kirubi’s heiress Mary-Ann Musangi elected KAM vice chairperson

Mary-Ann Musangi elected KAM vice chair, marking a leadership shift as Kenya pushes inclusive manufacturing growth and stronger industry advocacy.

Feyisayo Ajayi July 17, 2026

Business Hot News

Standard Bank backs Temitope Lawani’s Helios Towers with $29 million

Standard Bank backs Helios Towers with a $29 million social finance deal to expand telecom infrastructure and boost digital connectivity…

Feyisayo Ajayi July 16, 2026

Business Hot News

10 African countries leading remittance surge in 2025

Remittances to Africa hit record highs in 2025, surpassing $100 billion and reshaping economies, foreign exchange flows, and household resilience.

Feyisayo Ajayi July 16, 2026

Hot News Luxury

Johann Rupert’s Richemont posts strong quarterly surge as sales hit $7.2 billion

Richemont posts strong quarterly sales of $7.2 billion, driven by jewelry demand and growth across key global markets.

Feyisayo Ajayi July 15, 2026

Burna Boy: Grammy-winning Nigerian icon ready to light up Tribeca Mall in Mauritius

Entertainment Hot News

Burna Boy crosses 3.1 billion YouTube streams, solidifying global icon status

With 5.11 million subscribers, Burna Boy’s YouTube channel serves as a vibrant hub for millions of followers.

Business Hot News

17 most peaceful nations in Africa in 2025, ranked by Global Peace Index

Using Global Peace Index data, this report ranks Africa’s 17 most peaceful nations and explains how stability drives growth and investment across.

Business News

Hot News Business

Kola Karim’s Shoreline gets $200 million Afreximbank-backed facility for Algeria’s $980 million project

Shoreline secures a $200 million Afreximbank facility to fund Algeria's $980 million HBR project, boosting pan-African energy development.

Feyisayo Ajayi July 20, 2026

Business Hot News

World Bank approves $1.5 billion for South Africa’s infrastructure push

South Africa has secured a $1.5 billion World Bank loan to speed up reforms across its electricity, transport, water and sanitation sectors, strengthening infrastructure that the government says could support nearly 600,000 jobs by 2032 and help lift economic growth. The financing, provided through the International Bank for Reconstruction and Development (IBRD), marks the fourth stand-alone operation approved for South…

Timilehin Adejumobi July 20, 2026

Hot News Billionaires Business

Abdul Samad Rabiu’s son, Khalifa, pockets $9.6 million dividend from BUA Foods

Khalifa Rabiu pockets a $9.6 million dividend as BUA Foods doubles its profit, driven by strong food sales and tight cost controls.

Omokolade Ajayi July 20, 2026

Technology Business Hot News

Kenya’s Esther Waititu to exit Safaricom after steering M-PESA’s financial services

Kenyan tech leader Esther Waititu resigns as Safaricom financial services head, exiting just as corporate governance shifts hands, more control to Vodacom.

Omokolade Ajayi July 20, 2026