MTC financial results H1 2026
BusinessHot NewsTechnology

MTC, Namibia’s largest mobile operator, posts $31 million profit in H1 2026

MTC reported $31 million H1 2026 profit as prepaid, roaming and enterprise growth lifted revenue 7.1% to $118.11 million in…

Feyisayo Ajayi Feyisayo Ajayi
Eskom Group CEO Dan Marokane speaking at Eskom launch event.
BusinessHot News

Eskom rolls out Eskom Green to expand renewable power and grid stability  

Eskom launches Eskom Green renewable energy unit to scale utility solar, wind and storage, strengthening South Africa’s grid stability and…

Timilehin Adejumobi Timilehin Adejumobi
Morocco textile recycling investment
BusinessHot News

IFC-backed Morocco textile recycling pilot signals $1.9 billion investment opportunity

IFC-backed Morocco textile recycling pilot shows $1.9 billion investment potential, proving large-scale viability and job creation prospects.

Feyisayo Ajayi Feyisayo Ajayi
South African packaged foods giant Tiger Brands Limited.
Hot NewsBusiness

Tiger Brands boosts solar rollout across seven plants as energy costs rise

The JSE-listed company has now switched on solar systems at seven factories, marking a further step in a long-running plan…

Omokolade Ajayi Omokolade Ajayi
Nigerian agri-tech financing
TechnologyHot News

Proparco backs Agriarche Limited with funding to scale Nigerian agri-tech platform

Proparco backs Agriarche Limited to scale its Kasuwa platform, boosting digital access, finance and markets for Nigerian smallholder farmers.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian banker Segun Agbaje, CEO of GTCO.
BusinessHot News

Nigerian banker Segun Agbaje’s GTCO and PepsiCo holdings climb to $6.1 million

The combined market value of Agbaje’s holdings in GTCO and PepsiCo stood at approximately $6.14 million at the time of…

Omokolade Ajayi Omokolade Ajayi
Sean Summers salary 2026
BusinessHot News

South African retail veteran Sean Summers bags $3.4 million pay in 2026 amid Pick n Pay’s turnaround push

Sean Summers earned $3.4 million total pay in 2026 as Pick n Pay advances turnaround, with Boxer growth offsetting supermarket…

Feyisayo Ajayi Feyisayo Ajayi
Jim Ovia, founder of Zenith Bank.
Hot NewsBusinessLuxury

Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

Now, as he steps back from the chairmanship of the institution he created, he is directing more resources toward luxury…

Omokolade Ajayi Omokolade Ajayi
Indorama phosphate fertilizer project
BusinessHot News

Egypt’s $520 million fertilizer plant attracts $174 million debt package from IFC

Egypt’s $520 million fertilizer plant secured potential $174 million IFC debt package to expand phosphate output and boost exports in…

Feyisayo Ajayi Feyisayo Ajayi
Omnia Holdings earnings growth
BusinessHot News

South Africa’s Omnia Holdings posts $83 million profit as agriculture, mining drive growth

Omnia Holdings posts 25% profit growth as Agriculture and Mining drive earnings, while Chemicals rebounds on restructuring.

Feyisayo Ajayi Feyisayo Ajayi
Evening skyline of Johannesburg, South Africa, showcasing the city’s financial district and urban landscape.
Hot NewsBusiness

South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

Year-over-year, first-quarter output rose 1.9 percent, following a 0.8 percent increase in the prior quarter.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
LuxuryBusinessHot News

Nigerian billionaire Abdul Samad Rabiu takes delivery of Bombardier Global 8000, world’s fastest business jet

Abdul Samad Rabiu takes delivery of Bombardier's Global 8000 jet to boost BUA Group's global business travel.

Omokolade Ajayi Omokolade Ajayi
Glencore Larvotto gold offtake
BusinessHot News

Glencore ties with Australia’s Larvotto as it signs 7-year gold offtake deal ahead of production

Glencore signs seven-year gold offtake deal with Australia’s Larvotto ahead of 2026 production start in New South Wales mine agreement…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu named chairman of Seplat Energy

Senator Udoma, who joined the board in December 2023 and became independent chairman in April 2024, plans to retire at…

Omokolade Ajayi Omokolade Ajayi
Tatu City stake dispute Kenya
BusinessHot News

Firm linked to Kenyan industrialist Vimal Shah loses $16 million Tatu City stake battle

Privy Council ruling clears sale of Vimal Shah-linked stake in Tatu City, ending decade-long ownership dispute.

Feyisayo Ajayi Feyisayo Ajayi
Aysha Wind Project Ethiopia
Hot NewsBusiness

Ethiopia’s $507 million Aysha Wind Project advances with IFC-proposed financing

Ethiopia nears financing for $507 million Aysha Wind project as IFC proposes up to $65 million investment in 300.2MW renewable…

Feyisayo Ajayi Feyisayo Ajayi
Rajabali brothers NMB Bank stake
BusinessHot News

Wealthy Rajabali brothers’ NMB Bank stake climbs to $126.4 million on stock rally

Rajabali brothers’ NMB Bank stake hits $126.4 million as shares rally on strong earnings, lifting investor confidence in Tanzania’s leading…

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBillionairesBusinessHot News

Google’s $30 billion deal strengthens case for Elon Musk’s SpaceX $1.77 trillion IPO

This multi-billion-dollar commitment provides immediate financial validation for the valuation metrics outlined in SpaceX’s updated initial public offering prospectus.

Omokolade Ajayi Omokolade Ajayi
MTN Group rolls out MTN One TV
TechnologyBusinessHot News

MTN launches One TV to drive digital entertainment across Africa

The platform combines local programs, live television channels, international shows, and on-demand content in a single offering.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Emmanuel Omuojine.
Hot NewsBusiness

Nigerian executive Emmanuel Omuojine, an ex-PwC manager, takes helm at Rainoil

Omuojine steps into the role with more than a decade of experience within the Rainoil Group and a background that…

Omokolade Ajayi Omokolade Ajayi
French luxury meets Indian Ocean beauty at Sofitel Mauritius L’Impérial Resort & Spa
TourismLuxury

Sofitel Mauritius L’Impérial brings French luxury to a pristine Island beach

Sofitel Mauritius L'Impérial brings French luxury to a pristine Island beach French luxury meets Indian Ocean beauty at Sofitel Mauritius L’Impérial Resort & Spa, offering beachfront rooms, spa wellness and sunset views. Luxury tourism in Mauritius continues to draw travelers searching for white-sand beaches, warm hospitality and memorable island escapes. Known for its turquoise lagoons and relaxed pace of life,…

Elon Musk's Starlink
TechnologyBusiness

Starlink satellite internet launches in Senegal

Starlink launches satellite internet in Senegal, offering high-speed service nationwide.

MTC financial results H1 2026
BusinessHot NewsTechnology

MTC, Namibia’s largest mobile operator, posts $31 million profit in H1 2026

MTC reported $31 million H1 2026 profit as prepaid, roaming and enterprise growth lifted revenue 7.1% to $118.11 million in Namibia report.

Feyisayo Ajayi Feyisayo Ajayi
Eskom Group CEO Dan Marokane speaking at Eskom launch event.
BusinessHot News

Eskom rolls out Eskom Green to expand renewable power and grid stability  

Eskom Green renewable energy expands South Africa grid stability, scaling utility-scale solar, wind and storage for industries.

Timilehin Adejumobi Timilehin Adejumobi
Afrimat Limited
BusinessHot News

South Africa’s Afrimat offloads quarries and plants in $13 million deal

Afrimat quarries sale sees R215m ($13m) asset disposal to Saturc as miner advances debt reduction and portfolio restructuring strategy

Timilehin Adejumobi Timilehin Adejumobi
Morocco textile recycling investment
BusinessHot News

IFC-backed Morocco textile recycling pilot signals $1.9 billion investment opportunity

IFC-backed Morocco textile recycling pilot shows $1.9 billion investment potential, proving large-scale viability and job creation prospects.

Feyisayo Ajayi Feyisayo Ajayi
South African packaged foods giant Tiger Brands Limited.
Hot NewsBusiness

Tiger Brands boosts solar rollout across seven plants as energy costs rise

Tiger Brands expands solar power across seven factories in South Africa to cut costs, reduce grid dependence, and boost renewable energy use toward 2030 targets.

Omokolade Ajayi Omokolade Ajayi
Nigerian banker Segun Agbaje, CEO of GTCO.
BusinessHot News

Nigerian banker Segun Agbaje’s GTCO and PepsiCo holdings climb to $6.1 million

Segun Agbaje’s holdings in GTCO and PepsiCo climb above $6.1 million, driven by gains in banking and global consumer stocks.

Omokolade Ajayi Omokolade Ajayi
Show More