Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire’s MTN Uganda stake tops $100 million

Mbire, who is chairman and nonexecutive director of MTN Uganda, owns about 4 percent of the company through 895.56 million…

Omokolade Ajayi Omokolade Ajayi
Capitec Bank
BusinessHot News

South Africa’s Capitec expects 20% earnings leap on massive client surge

Capitec Bank, one Africa’s biggest lenders, expects its half-year profit to rise by as much as 20 percent, relying on…

Omokolade Ajayi Omokolade Ajayi
South Korea’s Hyundai
BusinessHot News

South Korea’s Hyundai eyes Africa expansion in clean energy deal with AfDB

For Hyundai, the arrangement offers a door into African markets with institutional backing.

Omokolade Ajayi Omokolade Ajayi
Zarin Merali, Naushad Merali’s widow
BusinessHot News

Kenya’s Merali family expands empire with $2.6 million pharma plant

Zarin Merali remains at the center of the family’s business interests following her husband’s death in 2019.

Omokolade Ajayi Omokolade Ajayi
Wicknell Chivayo and President William Ruto
BusinessHot News

Zimbabwean businessman Wicknell Chivayo plans $200 million Kenya investment

Chivayo disclosed the plan after meeting Kenyan President William Ruto during a dinner in Kenya.

Omokolade Ajayi Omokolade Ajayi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Standard Bank, JUMO launch framework to expand financial inclusion across Africa

Standard Bank and JUMO launch a social finance framework to expand responsible lending and financial inclusion across nine African markets.

Feyisayo Ajayi Feyisayo Ajayi
Pan African Resources
BusinessHot News

Pan African Resources approves $228 million plan to expand Mogale gold operations

Pan African Resources advances a $228 million Mogale gold expansion targeting 561,000 ounces over a 15-year project life.

Feyisayo Ajayi Feyisayo Ajayi
Supermarket Income REIT
BusinessHot News

Supermarket Income REIT acquires six UK grocery assets for $141 million

Supermarket Income REIT acquires six UK grocery assets, deploying its July equity raise and strengthening its UK grocery property portfolio.

Feyisayo Ajayi Feyisayo Ajayi
Kapumpe Chola
BusinessHot News

Kapumpe Chola: Zambian banker who rose through African banking to lead FNB Zambia

Kapumpe Chola, FNB Zambia’s first female CEO, brings 26 years of banking experience across Africa and the UK to the…

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica raises $16 million to advance Namibia drilling program

ReconAfrica raises $16 million to fund drilling and production testing at its Kavango Basin project in Namibia, advancing its exploration…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Bafana Molomo: Botswana investor behind Aleyo Capital’s private-equity growth

Bafana Molomo, co-founder of Aleyo Capital, has built a private-equity career spanning asset management, development finance and Southern Africa.

Feyisayo Ajayi Feyisayo Ajayi
Infinity Power
BusinessHot News

Infinity Power targets record-low solar tariffs with $83 million Côte d’Ivoire projects

Infinity Power is advancing two Côte d’Ivoire solar projects worth $83 million, targeting record-low tariffs and 80MW of new clean…

Feyisayo Ajayi Feyisayo Ajayi
French giant TotalEnergies
BusinessHot News

French giant TotalEnergies strikes new offshore oil in Angola after $10B pledge

The Acacia-5 discovery is expected to add about 6,000 barrels per day to production from the French energy company’s Block…

Omokolade Ajayi Omokolade Ajayi
Terra Industries founders Nathan Nwachuku and Maxwell Maduka.
TechnologyBusinessHot News

Nigeria’s Terra Industries wins $2 million lithium mining deal after fresh funding

The deals come just one week after Terra launched its commercial division.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s trade surplus doubles to $9.5 billion on refining shift

The latest trade figures also highlight the growing impact of the Dangote Refinery on Nigeria’s oil trade.

Omokolade Ajayi Omokolade Ajayi
South African banking giant FirstRand.
BusinessHot News

South Africa’s FirstRand rewards investors with record payout despite UK hit

Headquartered in Sandton, Johannesburg, the group declared a final ordinary cash dividend of R2.8 ($0.17) per share.

Omokolade Ajayi Omokolade Ajayi
Jasper Musadaidzwa
BusinessHot News

Zimbabwean mining executive Jasper Musadaidzwa named CEO of Kavango Resources

Zimbabwean mining executive Jasper Musadaidzwa becomes Kavango Resources CEO, bringing 27 years of experience as the company targets Zimbabwe gold…

Feyisayo Ajayi Feyisayo Ajayi
Jean-Claude Feutheu
Hot NewsLuxury

Cameroonian businessman Jean-Claude Feutheu’s hotel ordered to quit property ahead of $10 million auction

Cameroonian businessman Jean-Claude Feutheu’s Djeuga Palace hotel faces eviction as disputed Douala property heads to a $10 million auction.

Feyisayo Ajayi Feyisayo Ajayi
Yerim Sow
BusinessHot News

Senegalese tycoon Yerim Sow’s Bridge Bank sets Sept. 24 BRVM debut after $120 million IPO

Bridge Bank Côte d’Ivoire will debut on the BRVM on Sept. 24 after its $120 million IPO drew $171 million…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian tech entrepreneur Yinka Adewale
TechnologyBusinessHot News

Nigerian tech entrepreneur Yinka Adewale leads Nomba to $3 million funding success

The facility will help Nomba strengthen its U.S. dollar liquidity through banking partners in Hong Kong and Singapore.

Omokolade Ajayi Omokolade Ajayi
Africa luxury hotels
LuxuryHot News

25 of Africa’s premium hotels

Africa’s premium hotels are reshaping luxury travel, blending heritage, conservation, and investment-grade hospitality across key destinations.

Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

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

Abdul Samad Rabiu receives a record N467 billion ($337.3 million) dividend as BUA Foods doubles its payout on surging profits.

Rwanda secures $80 million to expand financing for small businesses
BusinessGlobal News

Rwanda secures $80 million to expand financing for small businesses

Rwanda has secured $80 million in concessional financing to expand affordable credit for MSMEs and strengthen private-sector resilience.

Oluwatosin Alao Oluwatosin Alao
Accor sets sights on 25,000 new hotel rooms across Egypt
TourismBusiness

Accor sets sights on 25,000 new hotel rooms across Egypt

Accor plans to add 25,000 hotel rooms in Egypt within three years, expand its brands and support hospitality training through a new academy.

Oluwatosin Alao Oluwatosin Alao
Coca-Cola HBC cleared to merge with CCBA
BusinessHot News

Coca-Cola HBC cleared to merge with CCBA, expanding its Africa reach

Coca-Cola HBC wins approval to acquire 75% of CCBA, expanding its African bottling reach and backing South Africa with a $1.09 billion investment.

Oluwatosin Alao Oluwatosin Alao
Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire’s MTN Uganda stake tops $100 million

Charles Mbire’s MTN Uganda stake tops $100 million as shares gain nearly 40 percent in 2026, boosting the market value of his investment.

Omokolade Ajayi Omokolade Ajayi
Anbann Chetti, CFO of African Bank resigns
BusinessHot News

African Bank CFO Anbann Chetti resigns with immediate effect 

African Bank CFO Anbann Chetti resigns with immediate effect as Given Mabena takes over as acting CFO amid a leadership shake-up.

Timilehin Adejumobi Timilehin Adejumobi
Capitec Bank
BusinessHot News

South Africa’s Capitec expects 20% earnings leap on massive client surge

Capitec Bank, one Africa’s biggest lenders, expects its half-year profit to rise by as much as 20 percent, relying on double-digit customer growth and a fast-expanding merchant network to weather the pinch of sticky living costs and high interest rates. The Stellenbosch-based lender said Thursday that headline earnings per share for the six months ended Aug. 31 will likely land…

Omokolade Ajayi Omokolade Ajayi
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