South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe gains $200 million as ARM shares jump

The gain follows renewed investor interest in mining stocks and improved performance at his flagship holdings.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

FCMB pushes value-chain coordination to boost Nigeria’s food security

FCMB promotes value-chain coordination to expand farmer access to inputs, finance, and markets, enhancing Nigeria’s food security.

Omokolade Ajayi Omokolade Ajayi
Jim Ovia dividend
BusinessHot News

Nigeria’s richest banker Jim Ovia to pocket $42 million from Zenith Bank

Nigeria’s richest banker Jim Ovia to pocket $42 million dividend as Zenith Bank posts $754 million profit, highlighting sustained financial…

Feyisayo Ajayi Feyisayo Ajayi
Lowe’s $250 million skilled trades initiative
BusinessGlobal NewsHot News

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Feyisayo Ajayi Feyisayo Ajayi
Dangote refinery fuel price increase
BusinessHot News

Fuel from Dangote Refinery reaches more African countries amid Middle East supply disruptions

The Dangote Refinery has shipped 17 cargoes of gasoline to multiple African nations to stabilize supply.

Omokolade Ajayi Omokolade Ajayi
South Africa gambling spending
BusinessEntertainmentHot News

South Africa’s actual gambling spend hits $4.4 billion, not $88.8 billion as claimed

South Africa’s gambling spend reached R74.5 billion ($4.4 billion) in 2024, far below the R1.5 trillion ($88.8 billion) turnover figure…

Feyisayo Ajayi Feyisayo Ajayi
Samuel Dossou-Aworet
BusinessExclusiveHot News

Gabon could gain first billionaire as Samuel Dossou-Aworet’s oil stakes jump to $907 million

Recent market movements have pushed the combined value of his stakes above $900 million, placing him within reach of a…

Omokolade Ajayi Omokolade Ajayi
Jim Ovia dividend
BusinessHot News

Nigeria’s Zenith Bank posts $754 million profit in 2025

Zenith Bank posts $754 million profit in 2025 under Jim Ovia, showing resilience despite earnings pressure and rising costs.

Feyisayo Ajayi Feyisayo Ajayi
Phuthi Mahanyele-Dabengwa, first Black chief executive of Naspers, South Africa.
BusinessExclusiveHot News

Meet Soweto-born Phuthi Mahanyele-Dabengwa, first black chief executive of $40 billion South African giant, Naspers

Beyond her executive responsibilities, Mahanyele-Dabengwa holds several board and advisory roles.

Omokolade Ajayi Omokolade Ajayi
Alameda Healthcare Nairobi clinic
BusinessHot News

Alameda Healthcare expands into East Africa’s medical market with specialist clinic in Nairobi

Alameda Healthcare opens $250,000 Nairobi clinic, expanding Egypt’s healthcare investment footprint across Kenya and East Africa.

Feyisayo Ajayi Feyisayo Ajayi
OCI Global ammonia sale AGROFERT
BillionairesBusinessGlobal NewsHot News

OCI Global finalizes sale of ammonia unit to AGROFERT in $335 million deal

OCI Global sells ammonia unit to AGROFERT for $335 million, advancing portfolio reshaping while securing continued supply access.

Feyisayo Ajayi Feyisayo Ajayi
Rafiki Microfinance tax dispute Kenya
BusinessHot News

Kenya’s Rafiki Microfinance Bank founded by Daniel Mavindu loses $1.6 million tax case

Rafiki Microfinance loses tax appeal as tribunal upholds $1.6 million assessment on suspended interest, backing Kenya Revenue Authority.

Feyisayo Ajayi Feyisayo Ajayi
Nairobi Gigiri hotel investment
BusinessHot News

Nairobi’s Gigiri attracts $8.4 million hotel investment amid diplomatic demand

Private investor plans $8.4 million, 185-suite hotel in Nairobi’s Gigiri, targeting diplomatic, corporate, and expatriate demand growth.

Feyisayo Ajayi Feyisayo Ajayi
Growthpoint Properties CEO salary
BusinessHot News

Growthpoint CEO Norbert Sasse pockets $1.9 million salary in 2025

Growthpoint CEO Norbert Sasse earns $1.85 million in 2025, up 14.5%, ahead of his planned June 2026 retirement.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya fuel executives resign as state probes fuel scarcity, supply chain issues

The resignations follow accusations that fuel stock data was deliberately manipulated to justify an emergency import of petroleum at inflated…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria capitalizes on $100 per barrel oil as production hits 1.84 million bpd

Output rose about 40.5 percent to 1.84 million barrels per day, up from 1.31 million barrels per day in February.

Omokolade Ajayi Omokolade Ajayi
Giovanni Ravazzotti Italtile stake
BusinessHot News

Giovanni Ravazzotti loses $22 million as Italtile shares slide on JSE

Giovanni Ravazzotti’s Italtile stake drops $22 million in 2026 as weak demand and market pressures weigh on shares.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egypt raises electricity prices as energy costs surge

In a statement, the electricity ministry said households consuming up to 2,000 kilowatt-hours a month will see no change.

Omokolade Ajayi Omokolade Ajayi
Metair Investments Limited
BusinessHot News

South Africa’s Metair awards over $1.2 million shares to executives under 2009 share plan

Metair awards $1.2 million in performance shares to executives, aligning incentives with long-term growth and shareholder value creation.

Feyisayo Ajayi Feyisayo Ajayi
Botselo Shoprite maize partnership
BusinessHot News

Botselo Mills partners Shoprite to bolster South Africa’s maize supply chains

Botselo Mills partners Shoprite to scale maize supply nationwide, boosting food access, distribution efficiency and South Africa’s supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Eaton
Hot NewsTechnology

Eaton finalises $1.4 billion Fibrebond’s acquisition, eyes $110 million in 2025 EBITDA

Eaton completes $1.4 billion acquisition of Fibrebond, enhancing its power infrastructure solutions with a projected $110 million in adjusted EBITDA for 2025.

Novus Holdings asset disposal
BusinessHot News

South Africa’s Novus Holdings sells KwaZulu-Natal property assets in $5.4 million disposal

Novus Holdings sells KwaZulu-Natal assets for $5.4 million, exiting non-core properties to refocus capital on core operations.

South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe gains $200 million as ARM shares jump

South African billionaire Patrice Motsepe gains $200 million as ARM shares rise, boosting his net worth to $3.9 billion ahead of dividend payout.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

FCMB pushes value-chain coordination to boost Nigeria’s food security

FCMB promotes value-chain coordination to expand farmer access to inputs, finance, and markets, enhancing Nigeria’s food security.

Omokolade Ajayi Omokolade Ajayi
Jim Ovia dividend
BusinessHot News

Nigeria’s richest banker Jim Ovia to pocket $42 million from Zenith Bank

Nigeria’s richest banker Jim Ovia to pocket $42 million dividend as Zenith Bank posts $754 million profit, highlighting sustained financial growth.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia teams with Russia’s Rosatom for first nuclear plant, boosting energy security
BusinessTechnology

Ethiopia advances nuclear power plans with Russia partnership

Ethiopia is moving forward with a major plan to modernize its energy sector by signing a strategic roadmap with Russia’s state-owned nuclear company, Rosatom. The agreement marks a pivotal step toward developing the Horn of Africa nation’s first civilian nuclear power plant. Officials see the initiative as a way to diversify electricity supply and reduce dependence on hydropower, which is…

Oluwatosin Alao Oluwatosin Alao
Lowe’s $250 million skilled trades initiative
BusinessGlobal NewsHot News

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Feyisayo Ajayi Feyisayo Ajayi
Canal+ revamps DStv pricing to simplify packages and cut costs for African viewers
BusinessTechnology

Canal+ slams DStv pricing, flags complexity for African viewers

Canal+ is moving to reset how pay-TV works in Africa after taking control of MultiChoice, putting the spotlight on simpler pricing for DStv and a clearer path to attract and keep subscribers.  For many households, the issue is straightforward: pay-TV has become harder to understand and, in some cases, harder to afford. Canal+ says DStv’s current structure — with multiple…

Oluwatosin Alao Oluwatosin Alao
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