Stephen Butt Tiger Brands stake
BillionairesBusinessHot News

Funds managed by British billionaire Stephen Butt in Tiger Brands hits $390 million

Stephen Butt controls a $390 million stake in Tiger Brands, cementing Silchester’s quiet influence in South Africa’s consumer sector.

Feyisayo Ajayi Feyisayo Ajayi
John Kibunga Kimani, Kenyan businessman and Kakuzi shareholder, poised to receive Ksh105.1 million dividend.
BusinessHot News

Kenyan businessman John Kimani to receive Ksh105.1 million dividend from Kakuzi

The dividend reflects Kakuzi’s improved earnings and renewed focus on rewarding shareholders after a challenging year.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s FCMB limits exposure in fraud attempt

The outcome reflects both cyber-security controls and collaboration across regulated financial institutions.

Omokolade Ajayi Omokolade Ajayi
Anna Mokgokong, South African businesswoman and executive chairperson of CIH, leading across healthcare, ICT, and mining.
BusinessExclusiveHot News

Anna Mokgokong: South African businesswoman behind billion-dollar investment group, CIH

Mokgokong’s career reflects a consistent focus on service, business discipline, and long-term value creation.

Omokolade Ajayi Omokolade Ajayi
Namibia Breweries profit growth
BusinessHot News

Namibia Breweries posts $36.9 million profit, boosts dividend amid resilient demand

Namibia Breweries profit jumps 47% to NAD632 million ($36.9 million) as cost discipline and margin gains offset weak consumer demand.

Feyisayo Ajayi Feyisayo Ajayi
IFC African Frontier Capital solar financing
BusinessHot News

Mauritius-based African Frontier Capital gets IFC backing for $125 million off-grid solar financing platform

IFC weighs $30 million loan to African Frontier Capital platform to expand off-grid solar access and mobilize $125 million funding.

Feyisayo Ajayi Feyisayo Ajayi
IFC Banco Industrial $850 million financing
Global NewsHot News

IFC backs Banco Industrial with $850 million to boost Guatemala’s banking sector

IFC plans $850 million financing for Banco Industrial to strengthen Guatemala’s banking sector and deepen capital markets.

Feyisayo Ajayi Feyisayo Ajayi
AB InBev chairman retirement
BusinessGlobal NewsHot News

Chairman of the world’s largest brewer, Martin Barrington to retire after nearly a decade on board

AB InBev Chairman Martin Barrington will retire April 29, ending nearly a decade overseeing strategy, governance and global growth.

Feyisayo Ajayi Feyisayo Ajayi
Noluthando Gosa MTN South Africa board
BusinessHot News

MTN taps Noluthando Gosa for South Africa board role amid governance expansion

MTN appoints Noluthando Gosa to its South Africa board, strengthening governance and strategic oversight in its largest market.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank CIB revenue
BusinessHot News

Standard Bank Group plans $6 billion corporate banking revenue growth by 2028

Standard Bank CEO Sim Tshabalala eyes $6 billion CIB revenue by 2028, boosting Africa growth amid rising infrastructure and trade…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South African billionaire Christo Wiese to receive $11.3 million dividend from Shoprite

Christo Wiese owns a 10.67 percent stake in Shoprite, totaling 63,118,920 ordinary shares valued at more than $1 billion.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Algeria, Spain in advanced talks to expand natural gas delivery

The proposed increase echoes past reliance on Algerian gas. In 2022, Europe turned to Algeria after diplomatic tensions with Morocco…

Omokolade Ajayi Omokolade Ajayi
Folorunso Alakija, Nigeria’s richest woman and philanthropist.
BusinessHot News

Nigeria’s richest woman, Folorunso Alakija, unveils $1 million grant for women

The initiative will provide funding, training and mentorship to selected participants, with applications open until April 12.

Omokolade Ajayi Omokolade Ajayi
Accelerate Property Fund
BusinessHot News

Accelerate Property Fund advances $117 million restructuring, boosts Fourways Mall after Michael Georgiou’s exit

Accelerate Property Fund invests $116.5 million in Fourways Mall upgrades, cuts vacancies, and reshapes retail portfolio after founder exit.

Feyisayo Ajayi Feyisayo Ajayi
Sam Ngumeni, incoming CEO of Woolworths Holdings, awarded $3 million in shares
BusinessHot News

Woolworths awards $3 million shares to incoming CEO Sam Ngumeni

The move reflects both his loyalty to the company, where he has served for over three decades, and the expectations…

Omokolade Ajayi Omokolade Ajayi
IFC SONOCO poultry Guinea
BusinessHot News

Guinean businessman Abdoul Karim Diallo gets $20 million to build country’s first poultry platform

IFC backs SONOCO with $20 million to build Guinea’s first integrated poultry platform, boosting food security and cutting imports.

Feyisayo Ajayi Feyisayo Ajayi
Air Algerie fleet expansion with new aircraft.
BusinessHot News

Just as Uganda Airlines gets $113 million, Air Algerie orders 10 Boeing 737 MAX 8

Uganda Airlines secures $113 million funding as Air Algerie orders 10 Boeing 737 MAX 8, signaling African aviation expansion.

Omokolade Ajayi Omokolade Ajayi
Atedo Peterside Stanbic IBTC stake
BillionairesBusinessHot News

Nigerian tycoon Atedo Peterside’s Stanbic IBTC stake nears $25 million on 2026 share surge

Atedo Peterside’s Stanbic IBTC stake nears $25 million as shares surge, driven by strong earnings and renewed investor demand.

Feyisayo Ajayi Feyisayo Ajayi
Gulf Energy Kenya oilfields
BillionairesBusinessHot News

Gulf Energy clears $30.8 million payment to Tullow, takes helm of Kenya’s oilfields

Gulf Energy completes $30.8 million payment to Tullow, gaining full control of Kenya’s Turkana oilfields and first oil prospects.

Feyisayo Ajayi Feyisayo Ajayi
Dangote refinery fuel price increase
BusinessHot News

As petrol rises 84% in Nigeria, Dangote refinery sends fuel to Ghana, 4 others

While raising its gantry price at home, the refinery is expanding exports, sending cargoes to Ghana, Cameroon, Côte d’Ivoire, Tanzania…

Omokolade Ajayi Omokolade Ajayi
Rick Ross business empire
Hot NewsLuxury

10 business empires of Rick Ross

Rick Ross built a multi-million-dollar empire spanning music, fast food, spirits and real estate, turning hip-hop fame into lasting ownership.

ExclusiveHot NewsLuxury

Top 7 largest hospitality groups in Africa ranked by market capitalization

Africa’s hospitality sector thrives as top seven groups, led by Marriott, expand through innovation, sustainability, and strategic growth.

Stephen Butt Tiger Brands stake
BillionairesBusinessHot News

Funds managed by British billionaire Stephen Butt in Tiger Brands hits $390 million

Stephen Butt controls a $390 million stake in Tiger Brands, cementing Silchester’s quiet influence in South Africa’s consumer sector.

Feyisayo Ajayi Feyisayo Ajayi
John Kibunga Kimani, Kenyan businessman and Kakuzi shareholder, poised to receive Ksh105.1 million dividend.
BusinessHot News

Kenyan businessman John Kimani to receive Ksh105.1 million dividend from Kakuzi

Kenyan businessman John Kibunga Kimani to receive Ksh105.1 million dividend from Kakuzi as profits rebound in 2025.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s FCMB limits exposure in fraud attempt

FCMB blocks N2.4 billion ($1.73 million) in fraud attempt, limiting exposure as Nigeria strengthens digital banking security.

Omokolade Ajayi Omokolade Ajayi
Show More