Ugandan Alam family
EntrepreneursLatest

Ugandan Alam family loses bid to halt 10-year Steel Rolling Mills’ execution

Ugandan Alam family loses bid to halt execution over a decade-old Steel Rolling Mills judgment after High Court rejects stay…

Feyisayo Ajayi Feyisayo Ajayi
Glencore
MiningLatest

Glencore secures approval to extend Hunter Valley coal mine operations to 2045

Glencore wins NSW approval to extend Hunter Valley coal mine operations, with HVO North potentially running until 2045, pending federal…

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessCompaniesHot News

Nigeria’s Dangote Group amasses world’s largest fleet of 7,000 heavy machines

The equipment buildup was driven largely by the scale of the refinery project and a shortage of local construction capacity.

Omokolade Ajayi Omokolade Ajayi
South African executive Rui Morais
CompaniesExecutivesHot News

Dis-Chem CEO Rui Morais sets sights on growth and wider healthcare access

Rui Morais is steering Dis-Chem Group through a growth push that has lifted the healthcare retailer’s revenue and strengthened its…

Omokolade Ajayi Omokolade Ajayi
Nigerian tycoon Kola Karim
BillionairesBusinessHot News

Fresh off $500 million oil backing, Kola Karim urges African infrastructure push

Karim made the remarks at the Unstoppable Africa 2026 conference in New York, the flagship event of the Global Africa…

Omokolade Ajayi Omokolade Ajayi
Fola Aiyesimoju and Olasunkanmi owoyemi
EntrepreneursLatest

Fola Aiyesimoju-led UAC of Nigeria to sell $15 million stake in Livestock Feeds to Sunbeth 

UAC of Nigeria, led by Fola Aiyesimoju, will sell its 73.29% Livestock Feeds stake to Olasunkanmi owoyemi's Sunbeth for $15…

Feyisayo Ajayi Feyisayo Ajayi
InfraCredit
InvestmentsHot News

Nigeria’s InfraCredit secures $50 million to expand long-term infrastructure financing

Nigeria’s InfraCredit secures a $50 million IFC loan to expand long-term naira financing guarantees for infrastructure projects across the country.

Feyisayo Ajayi Feyisayo Ajayi
Jayaraman Ramesh
EntrepreneursHot News

Jayaraman Ramesh: From Botswana accountant to African business empire builder

Jayaraman Ramesh built a diversified business portfolio spanning education, property, renewable energy, technology and investments across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Eskom
CompaniesHot News

South Africa marks 500 days without power cuts as Eskom turnaround takes hold

Unplanned outages fell to an average 7,622 megawatts during the week, down 21 percent from 9,633 megawatts a year earlier.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesCompaniesHot News

Nigerian billionaire Tony Elumelu deepens grip on Seplat Energy with $59.7 million share buy

The acquisition lifted Heirs Energies’ direct holding to 27,943,867 shares, giving the stake a market value of £209.6 million ($277.4…

Omokolade Ajayi Omokolade Ajayi
Muibi Kehinde Hammed
BusinessCompaniesExecutivesHot News

Nigerian founder Muibi Kehinde Hammed leads MKH Properties to record N10 billion market win

The transaction marks the company’s first completed issue since launching its N30 billion program in September.

Omokolade Ajayi Omokolade Ajayi
CompaniesLatest

South African court orders Cadac pension fund curators to fix 20-year rules mismatch

South African court orders Cadac Pension Fund curators to fix a 20-year mismatch between registered rules and fund operations after…

Feyisayo Ajayi Feyisayo Ajayi
Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit despite revenue slump
EntrepreneursLatest

Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit

Cameroonian industrialist Jean Samuel Noutchogouin’s Icrafon returned to profit with $1.6 million in earnings despite a sharp revenue decline.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian energy tycoon Wale Tinubu
BusinessEnergyHot News

Oil mogul Wale Tinubu makes bold pitch for Nigeria’s $6.4 billion creative industry

Tinubu's pivot to advocating for broader capital investments comes as his core business shows renewed strength.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
BillionairesHot News

Nigerian billionaire Tony Elumelu urges global shift from foreign aid to investment

That commercial argument is gaining momentum as African institutions increasingly underwrite their own strategic heavy industries.

Omokolade Ajayi Omokolade Ajayi
Nigerian banker Segun Agbaje, CEO of GTCO.
BankingLatest

Nigerian banker Segun Agbaje-led GTCO reports lower profit of $312.23 million in H1 2026

GTCO’s profit fell 7.76% to $312.23 million in H1 2026 as higher taxes offset marginal growth in pre-tax earnings and…

Feyisayo Ajayi Feyisayo Ajayi
Ayoola Foods
EntrepreneursLatest

How Segun Olaye built Ayoola Foods into a Nigerian food-processing powerhouse

Nigerian engineer Segun Olaye built Ayoola Foods from an export business into a leading packaged-food brand through processing and distribution.

Feyisayo Ajayi Feyisayo Ajayi
MCB AXIAN Energy financing Africa
BankingLatest

Mauritius’ MCB Group posts $422 million profit in 2026

MCB Group reported $422.43 million profit in 2026, up 11.3%, as stronger income, African growth and lower impairments offset higher…

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesCompaniesHot News

Africa’s richest man Aliko Dangote targets $36 billion revenue in 2026

The forecast reflects its expansion across manufacturing, energy and infrastructure.

Omokolade Ajayi Omokolade Ajayi
Kenyan tycoon Peter Muthoka
MiningEntrepreneursHot News

Kenyan tycoon Peter Muthoka pockets $19 million from airport cargo business

The decision comes as activist investor Elliott Investment Management pushes Northern Star to consider strategic alternatives.

Omokolade Ajayi Omokolade Ajayi
Meta expands paid subscriptions on Instagram, Facebook, WhatsApp in Africa
TechnologyBusiness

Meta expands paid subscriptions on Instagram, Facebook, WhatsApp in Africa

Meta Platforms is expanding its paid subscription services across Instagram, Facebook and WhatsApp, deepening the company’s efforts to build new sources of revenue beyond digital advertising.  The rollout introduces premium features aimed at creators, small businesses and users looking for more control over how they engage on the platforms. Instagram Plus and Facebook Plus will each cost $3.99 a month,…

ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica begins Namibia oil testing, advances Gabon exploration drive

ReconAfrica begins production testing in Namibia while advancing Gabon exploration, signaling momentum in its African upstream growth strategy.

Ugandan Alam family
EntrepreneursLatest

Ugandan Alam family loses bid to halt 10-year Steel Rolling Mills’ execution

Ugandan Alam family loses bid to halt execution over a decade-old Steel Rolling Mills judgment after High Court rejects stay pending appeal.

Feyisayo Ajayi Feyisayo Ajayi
Glencore
MiningLatest

Glencore secures approval to extend Hunter Valley coal mine operations to 2045

Glencore wins NSW approval to extend Hunter Valley coal mine operations, with HVO North potentially running until 2045, pending federal approval.

Feyisayo Ajayi Feyisayo Ajayi
Xpress smart trolleys
BusinessTechnology

Checkers brings Xpress smart trolleys to new upmarket South Africa store

Checkers is rolling out Xpress smart trolleys at its new Midstream Estate store, bringing scan-and-go shopping technology to Gauteng shoppers.

Oluwatosin Alao Oluwatosin Alao
Mounir-Nakhla-Founder-and-CEO-of-MNT-Halan
FintechBusiness

Egyptian fintech unicorn MNT-Halan to sell 20% stake in IPO  

MNT-Halan plans to sell 20% of its shares in an IPO, giving investors access to Egypt’s fast-growing fintech sector.

Timilehin Adejumobi Timilehin Adejumobi
Gauteng-based private equity leader Tomi Amosun
InvestmentsBusinessCompaniesHot News

Tomi Amosun-led Summit Africa backs South African agtech firm targeting $30.2B industry

Summit Africa acquires a 40% stake in Virtual Farmer, backing farm financing across Southern Africa’s $30.2 billion agricultural sector.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessCompaniesHot News

Nigeria’s Dangote Group amasses world’s largest fleet of 7,000 heavy machines

Dangote Group now commands the world’s largest fleet of nearly 7,000 heavy machines, driving massive refining projects across Africa.

Omokolade Ajayi Omokolade Ajayi
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