Orascom Pyramids
Hot NewsTourism

Orascom Pyramids to invest $10 million in Giza Plateau expansion

Orascom Pyramids plans $10 million Giza expansion, targeting up to $70 million revenue and higher visitor spending through premium services.

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
BusinessHot News

Discovery co-founder Adrian Gore gains nearly $130 million as stake nears $1 billion

Discovery co-founder Adrian Gore gains nearly $130 million as stake nears $800 million

Feyisayo Ajayi Feyisayo Ajayi
Africa's youngest
Hot NewsBusiness

Africa’s youngest stock exchange welcomes Abay Bank as Ethiopia’s 5th listed entity 

Africa’s youngest stock exchange lists Abay Bank as fifth firm, signaling momentum in a gradually opening banking sector.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank housing finance investment
BusinessHot News

Standard Bank led by Sim Tshabalala gets $102 million to boost South Africa’s housing finance

IFC plans $102 million investment in Standard Bank bonds to expand affordable housing finance and boost South Africa’s banking resilience.

Feyisayo Ajayi Feyisayo Ajayi
Zimplats Zimbabwe solar project
BusinessHot News

Zimplats targets $54 million Zimbabwe solar project completion by June 2027

Zimplats targets June 2027 completion of $54 million solar project, adding 45MW to boost energy security and cut grid reliance.

Feyisayo Ajayi Feyisayo Ajayi
Yas Tanzania fiber investment Zanzibar
BusinessHot News

Malagasy businessman Hassanein Hiridjee’s Yas Tanzania targets 100,000 fiber subscribers with $114 million investment

Yas Tanzania plans $114.5 million fiber rollout in Zanzibar, targeting 100,000 subscribers to expand high-speed internet access.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend payout 2025
BusinessHot News

Sa’adat Mohammed bags N450 million, re-elected as Jaiz Bank unveils N150 billion capital plan

Sa’adat Mohammed secures N450.58 million ($328,626) payout, wins re-election as Jaiz Bank approves N150 billion capital raise after strong earnings.

Feyisayo Ajayi Feyisayo Ajayi
World Bank
BusinessHot News

World Bank plans $23 million investment in Ardian carbon fund for Africa and emerging markets 

World Bank’s IFC plans $23 million investment in Ardian carbon fund targeting climate projects across Africa and emerging markets.

Feyisayo Ajayi Feyisayo Ajayi
TMG
BusinessHot News

Saudi Arabia opens property market to foreigners, boosting Talaat Moustafa’s expansion

Saudi Arabia opens real estate to foreign buyers, unlocking demand and boosting Talaat Moustafa Group’s expansion in key cities.

Feyisayo Ajayi Feyisayo Ajayi
Mama Ngina Kenyatta
Hot NewsBusiness

After $2 million farmer payout, Brookside Dairy, owned by Kenya’s Kenyatta family, woos hoteliers

The expansion follows a KSh255 million ($2 million) bonus payout to contracted dairy farmers in the six months ending May…

Omokolade Ajayi Omokolade Ajayi
South African executive Ciko Thomas.
Hot NewsBusiness

South African executive Ciko Thomas takes $1.8 million Nedbank pay

The compensation shifts happened alongside steady operational growth within the personal and private banking division.

Omokolade Ajayi Omokolade Ajayi
Oceanwood
BusinessHot News

OCI shareholder Oceanwood presses board to revise $4.7 cash offer in Orascom merger battle

Oceanwood challenges OCI’s €4.1 ($4.7) cash offer, urging a revised Orascom deal to protect minority shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Egypt’s food exports.
Hot NewsBusiness

Egypt’s food exports climb 7.1% to $2.43 billion in first four months of 2026

The growth reflects steady international demand for Egyptian agricultural and processed goods despite persistent global trade disruptions.

Omokolade Ajayi Omokolade Ajayi
Cameroon cocoa downturn
Hot NewsBusiness

Cameroon’s richest woman Kate Fotso eyes gains as cocoa prices top $3.5 per kg

Cameroon cocoa prices rebound above CFA2,000 ($3.46)/kg late in season, offering modest relief to exporters, including Kate Fotso’s Telcar Cocoa.

Feyisayo Ajayi Feyisayo Ajayi
Oceanwood
BusinessHot News

OCI Global weighs $4.7 cash offer as Orascom deal standoff deepens

OCI Global reviews NNS’ €4.1 ($4.7) cash bid as Orascom deal stalls, offering shareholders a potential exit amid governance dispute.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric $200 million industrial projects
BusinessHot News

Elsewedy Electric launches $200 million industrial projects to boost exports

Elsewedy Electric launches $200 million industrial projects to expand manufacturing, boost exports, and strengthen Egypt’s supply chains.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Sirius Real Estate sells U.K. assets for $7 million, pivots to self-storage expansion

Sirius sells two U.K. assets for £5.3 million ($7 million), redeploying capital into higher-yield self-storage developments.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Equity Group shareholders approve insurance expansion, $167 million dividend payout

Equity Group shareholders approve Kenya, DRC insurance expansion and KSh 21.7 billion dividend payout for FY2025.

Feyisayo Ajayi Feyisayo Ajayi
Kenya Airways lawsuit financial crisis
BusinessHot News

Kenya Airways faces $1 million lawsuit as losses hit $1.6 billion

Kenya Airways faces a $1 million U.S. lawsuit as losses hit $1.6 billion, underscoring liquidity strain and urgent capital needs.

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater bond offering
BusinessHot News

Sibanye says EVs to reach 35% of global car sales by 2034

Sibanye Stillwater sees EVs at 35% of global car sales by 2034, easing pressure on platinum and palladium demand outlook.

Feyisayo Ajayi Feyisayo Ajayi
Nambiti Hills Lodge offers a luxury safari escape in KwaZulu-Natal, South Africa
TourismLuxury

Nambiti Hills Lodge blends luxury and wildlife in South Africa safari

Just a few hours from South Africa’s two main economic centers, Nambiti Hills Lodge is quietly gaining attention in the country’s luxury safari sector. Set within the Nambiti Private Game Reserve near Ladysmith in KwaZulu-Natal, the lodge offers a high-end wildlife escape without the long travel often linked to African safaris.  The reserve spans about 10,000 hectares of protected land…

ExclusiveHot News

Africa’s 23 billionaires gain $20.3 billion; net worth hits $126.7 billion

Africa’s richest 23 gained $20.3 billion, with net worth reaching $126.7 billion as Dangote and Rabiu lead wealth growth.

IMF Building
BusinessHot News

IMF backs Congo with nearly $350 million in new funding

IMF backs Congo with new funding worth $350 million to boost mining growth, infrastructure and climate resilience.

Timilehin Adejumobi Timilehin Adejumobi
Haruna Musa, Jaiz Bank CEO
BusinessHot News

Jaiz Bank CEO Haruna Musa leads Nigeria’s non-interest  lender toward $1 billion asset milestone

Jaiz Bank CEO Haruna Musa drives asset growth near $1 billion milestone as Nigeria's non-interest bank posts strong Q1 2026 results.

Timilehin Adejumobi Timilehin Adejumobi
Mozambique Aviation
BusinessHot News

Mozambique targets aviation boom with $710 million investment by 2045

Mozambique aviation boom gains momentum with a $710 million investment plan to modernize airports and airspace by 2045.

Timilehin Adejumobi Timilehin Adejumobi
Discovery dividends
BusinessHot News

Discovery co-founder Adrian Gore gains nearly $130 million as stake nears $1 billion

Discovery co-founder Adrian Gore gains nearly $130 million as stake nears $800 million

Feyisayo Ajayi Feyisayo Ajayi
Glencore Merafe to restart South African smelters after Eskom power deal
BusinessHot News

Glencore Merafe to restart South African smelters after Eskom power deal

Glencore Merafe will restart two South African ferrochrome smelters after securing a new Eskom power pricing agreement.

Oluwatosin Alao Oluwatosin Alao
Africa's youngest
Hot NewsBusiness

Africa’s youngest stock exchange welcomes Abay Bank as Ethiopia’s 5th listed entity 

Africa’s youngest stock exchange lists Abay Bank as fifth firm, signaling momentum in a gradually opening banking sector.

Feyisayo Ajayi Feyisayo Ajayi
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