Ninety One MTN stake increase
BusinessHot News

Ninety One joins top investors in MTN Group with more than $1 billion stake

Ninety One lifts MTN stake above $1 billion, joining top shareholders as investor confidence in Africa’s telecom giant strengthens.

Feyisayo Ajayi Feyisayo Ajayi
Narok County
Hot NewsTourism

Tourism dispute emerges in Kenya’s Narok County as MGM Muthu flags access concerns

MGM Muthu flags restricted resort access in Kenya’s Narok County, citing a land dispute that disrupted operations and affected international…

Feyisayo Ajayi Feyisayo Ajayi
One of UBA's branches, representing the bank’s retail banking network across its pan-African operations.
BusinessHot News

UBA posts $591 million gross earnings in Q1 2026 as recovery gains pace

The bank’s gross earnings for the three months ended March 2026 climbed to N801.46 billion ($591.1 million), up from N764.31…

Omokolade Ajayi Omokolade Ajayi
Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
BusinessExclusiveHot News

Kenny Fihla: Johannesburg-born banker leading $125 billion pan-African banking giant, Absa Group

Kenny Fihla’s leadership sits at the intersection of decades of public sector experience, investment banking execution, and regional financial oversight.

Omokolade Ajayi Omokolade Ajayi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
BusinessHot News

World’s top cobalt producer, Congo, unveils $100 million US-backed guard for mine security

The program, announced by the country’s mines inspectorate, is being financed through a $100 million arrangement supported by the U.S.…

Omokolade Ajayi Omokolade Ajayi
Sun Pharma Organon acquisition
BusinessHot News

Sun Pharma’s $11.75 billion Organon deal set to reshape Kenyan drug market

Sun Pharma’s $11.75 billion Organon deal reshapes global pharma, with ripple effects for Kenya’s drug access and pricing dynamics.

Feyisayo Ajayi Feyisayo Ajayi
alt="Saki Macozoma mining empire">
BusinessHot News

Saki Macozoma’s rise: Prisoner to mining mogul in South Africa

Saki Macozoma rose from Robben Island prisoner to mining mogul, shaping South Africa’s post-apartheid business and investment landscape.

Feyisayo Ajayi Feyisayo Ajayi
CIC Group debt repayment
BusinessHot News

Kenya’s CIC Group clears $10.3 million Co-operative Bank debt to boost East Africa growth

CIC Group repays $10.3 million Co-operative Bank loan, cutting debt, boosting solvency and positioning for growth across East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Tanzania deep-sea fishing vessel
BusinessHot News

Tanzania launches $7.68 million deep-sea vessel to revive state fishing firm, curb illegal catch losses

Tanzania launches $7.68 million deep-sea vessel to revive TAFICO, curb illegal fishing losses and boost blue economy drive in Dar…

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju NGX portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju closes in on $150 million NGX portfolio value

Folasope Aiyesimoju, Nigeria’s youngest dealmaker, nears $150 million NGX portfolio value as UACN and CAP rally adds nearly $50 million…

Feyisayo Ajayi Feyisayo Ajayi
UBA House Marina in Lagos, the headquarters of United Bank for Africa.
BusinessHot News

UBA posts $2.4 billion gross earnings; Tony Elumelu raises stake

For Tony Elumelu, 2025 was not only about operating performance but also about ownership.

Omokolade Ajayi Omokolade Ajayi
Emira Octodec stake
BusinessHot News

Emira boosts Octodec stake with $2.9 million share purchase, trims voluntary offer

Emira adds $2.9 million to Octodec stake, trims offer size as it nears 35% ownership threshold in South Africa’s property…

Feyisayo Ajayi Feyisayo Ajayi
Hulamin extrusions business sale
BusinessHot News

South Africa’s Hulamin sells extrusions unit following net loss of $2.2 million

Hulamin to sell loss-making extrusions unit for over half a million dollars, sharpening focus on core rolled products and improving…

Feyisayo Ajayi Feyisayo Ajayi
FAPCL mall sale Kenya
BusinessHot NewsLuxury

Dias Family’s FAPCL puts high-yield Kenyan mall generating nearly $1 million up for sale

FAPCL Group lists a high-occupancy Kenyan mall for sale, signaling strong investor appetite for income-generating retail assets.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

IFC’s nearly $1 million play set to rewrite who gets credit in emerging markets of Cameroon

IFC advances $950,000 advisory in Cameroon to help SMEs become investment-ready and improve access to credit in constrained markets.

Feyisayo Ajayi Feyisayo Ajayi
IFC livestock value chain financing
BusinessHot News

Alema Koudijs Feed gets $10 million IFC loan to expand feed production in Ethiopia

IFC proposes $10M loan to Alema Koudijs Feed to expand Ethiopia feed mill, boosting livestock value chain and cutting imports…

Feyisayo Ajayi Feyisayo Ajayi
Ivan Glasenberg Glencore dividend
BusinessGlobal NewsHot News

South African billionaire Ivan Glasenberg to pocket $207 million from Glencore dividend payout

Glencore’s $2.24 billion dividend hands Ivan Glasenberg a $207.3 million payout, underscoring strong returns despite mixed earnings.

Feyisayo Ajayi Feyisayo Ajayi
Vertice MedTech investment Africa
Hot NewsTechnology

Private capital backs Vertice MedTech to power 7,000 surgeries monthly across Southern Africa

Private capital backs Vertice MedTech to scale healthcare access, enabling 7,000 surgeries monthly across Southern and Sub-Saharan Africa.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egypt’s Sami Saad family-owned AlDau Hospitality secures $100 million loan for Cairo hotel expansion

IFC weighs $100 million loan for AlDau Hospitality to expand Cairo hotel near Pyramids, boosting Egypt’s tourism and jobs.

Feyisayo Ajayi Feyisayo Ajayi
Biptap
BusinessTechnology

Biptap taps Central African Republic in bold Africa expansion

Biptap’s CAR deal marks a bold push to expand digital banking and blockchain in Africa.

JPMorgan
BusinessHot News

JPMorgan ups Sibanye-Stillwater stake to $292.1 million as miner eyes post-Froneman future

JPMorgan raises stake in Sibanye-Stillwater to $292 million, signaling confidence amid recovery and post-Froneman transition.

Ninety One MTN stake increase
BusinessHot News

Ninety One joins top investors in MTN Group with more than $1 billion stake

Ninety One lifts MTN stake above $1 billion, joining top shareholders as investor confidence in Africa’s telecom giant strengthens.

Feyisayo Ajayi Feyisayo Ajayi
Nokia launches Cairo hub to drive growth across Africa and Middle East
BusinessTechnology

Nokia opens Cairo hub to expand operations across Africa and Middle East

Nokia is expanding its presence in Egypt, choosing Cairo as the base for a new regional operations hub that will support customers across the Middle East and Africa.  The decision comes as telecom companies face rising demand for stronger networks, faster response times and more reliable digital services. Growth in 5G, wider cloud adoption and heavier data use are pushing…

Oluwatosin Alao Oluwatosin Alao
Rita Kavashe, MD Isuzu East Africa Ltd.
BusinessExclusive

Meet Rita Kavashe: Kenyan executive leading East Africa’s auto giant, Isuzu East Africa

Rita Kavashe leads Isuzu East Africa, driving expansion, local production growth and regional automotive market leadership across East Africa.

Timilehin Adejumobi Timilehin Adejumobi
One of UBA's branches, representing the bank’s retail banking network across its pan-African operations.
BusinessHot News

UBA posts $591 million gross earnings in Q1 2026 as recovery gains pace

UBA reports $591 million gross earnings in Q1 2026. FX recovery, lower impairments, and rising deposits strengthen its financial position.

Omokolade Ajayi Omokolade Ajayi
Johannesburg-born banking executive, Kenny Fihla, the Group CEO of Absa Group.
BusinessExclusiveHot News

Kenny Fihla: Johannesburg-born banker leading $125 billion pan-African banking giant, Absa Group

Kenny Fihla leads Absa Group, a pan-African bank with over 125 billion in assets, driving earnings growth and balance sheet strength.

Omokolade Ajayi Omokolade Ajayi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
BusinessHot News

World’s top cobalt producer, Congo, unveils $100 million US-backed guard for mine security

Congo launches $100 million US-backed mining security unit to strengthen oversight of cobalt and copper production sites.

Omokolade Ajayi Omokolade Ajayi
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