Africa electrification Mission 300
BusinessGlobal NewsHot News

World Bank, AfDB, Rockefeller launch Mission 300 council to drive Africa’s $300m electrification push

World Bank, AfDB and Rockefeller launch Mission 300 council to mobilize private capital and expand electricity access to 300 million…

Feyisayo Ajayi Feyisayo Ajayi
FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc.
BusinessHot News

FCMB Capital Markets leads FMDQ Sponsors’ league table in 2025 with $1.1 billion raised

According to FMDQ’s report, FCMB Capital Markets led sponsor contributions across both bond listings and commercial paper quotations.

Editorial Team Editorial Team
Kevin Ellerine investment portfolio
BusinessHot NewsTechnology

Inside South African investor Kevin Ellerine’s $108 million portfolio in telecom, property, stocks

Kevin Ellerine controls a $108 million portfolio spanning telecom, property, and equities, anchored by a $50 million Blu-Label Telecom stake.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Dangote Refinery secures $4 billion loan as Afreximbank underwrites $2.5 billion

The financing adds fresh backing for the $20 billion complex built by Nigerian industrialist Aliko Dangote.

Omokolade Ajayi Omokolade Ajayi
Close-up of South African Airways aircraft.
BusinessHot News

African airlines seek lifelines: SAA bailout, Uganda $113M, Kenya $2B rescue

The airline framed the infusion as part of its growth and recovery efforts, but the Department of Transport, which oversees…

Omokolade Ajayi Omokolade Ajayi
Stanley Goetsch Dis-Chem resignation
BusinessHot News

Dis-Chem veteran Stanley Goetsch exits after 42 years, offloads $4.8 million stake

Dis-Chem director Stanley Goetsch exits after 42 years, selling $4.8 million in shares ahead of planned retirement.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to get N467 billion from BUA Foods’ record dividend

The dividend, scheduled to be paid electronically on July 15, represents the bulk of the total N504 billion ($364 million)…

Omokolade Ajayi Omokolade Ajayi
Oando Angola KON 13 block
BusinessHot News

Nigeria’s Oando secures Angola oil block to grow African operations

Oando secures Angola’s KON 13 block, taking 45% stake as it expands upstream and deepens Africa-focused oil production strategy.

Feyisayo Ajayi Feyisayo Ajayi
Remgro Mediclinic asset swap
BusinessHot News

Remgro, controlled by Johann Rupert, restructures Mediclinic stake in $950 million asset swap

Remgro and MSC’s IHL unwind Mediclinic joint venture in $950 million asset swap, refocusing ownership across Africa and Switzerland.

Feyisayo Ajayi Feyisayo Ajayi
Aveng board appointments
BusinessHot News

Aveng appoints Naidene Ford-Hoon, Graeme Bevans in board overhaul

Aveng appoints Ford-Hoon, Bevans to board, naming chairman designate as it strengthens governance and positions for long-term growth.

Feyisayo Ajayi Feyisayo Ajayi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BusinessHot News

South African-born billionaire Natie Kirsh to sell U.S. business for $29.1 billion

The transaction will create one of the largest food-service groups in the United States.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenya’s Makueni County gets new I&M Bank branch as group assets hit $5.3 billion

The move reflects the bank’s steady push to serve underserved markets while reinforcing its position among Kenya’s mid-tier financial institutions.

Omokolade Ajayi Omokolade Ajayi
Sirius Real Estate Kiel acquisition
BusinessHot NewsLuxury

Sirius Real Estate buys Kiel defence-anchored business park for $107 million

Sirius Real Estate buys Kiel business park for $107 million, anchored by defence giant Rheinmetall, boosting income and strategic portfolio.

Feyisayo Ajayi Feyisayo Ajayi
Sea Harvest Ladismith Cheese sale delay
BusinessHot News

Sea Harvest delays Ladismith Cheese sale to June 2026

Sea Harvest delays Ladismith Cheese sale to June 2026 as regulatory approvals from South Africa’s Competition Authority remain pending.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Dewji, Tanzania’s richest man and CEO of MeTL Group.
BusinessHot News

Tanzania’s richest man Mohammed Dewji loses $100 million after two-year surge

The recent decline reflects a reassessment of company valuations and changing global economic conditions that have affected privately held businesses…

Omokolade Ajayi Omokolade Ajayi
Van der Walt RMB Holdings stake
BusinessHot News

South African Van der Walt brothers boost RMB Holdings stake to $34 million

South African billionaires Faan and Dirk van der Walt boost RMB Holdings stake to $34 million, strengthening strategic influence.

Feyisayo Ajayi Feyisayo Ajayi
BillionairesBusinessHot News

Five new Black billionaires join global ranks in 2026

As representation grows, the expanding ranks of Black billionaires signal a broader shift in global wealth creation, one shaped by…

Omokolade Ajayi Omokolade Ajayi
African billionaires wealth
BillionairesBusinessHot News

How wealthy Africans structure wealth to survive divorce, death, and disputes

Africa’s ultra-wealthy structure wealth to survive divorce, death, and disputes, ensuring continuity across generations and crises.

Feyisayo Ajayi Feyisayo Ajayi
Tokunboh Ishmael Alitheia Capital impact investing
BusinessHot News

Nigerian investor Tokunboh Ishmael builds Africa-focused impact capital platform through Alitheia Capital

Tokunboh Ishmael builds Alitheia Capital into a leading platform channeling impact investment into Africa’s underserved, high-growth sectors.

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia production testing
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.

Feyisayo Ajayi Feyisayo Ajayi
KCB Bank Kenya green finance
BusinessHot News

Top 10 banks in Kenya by total assets

Kenya’s top 10 banks shape markets, drive capital flows, and power the NSE, with trillions in assets fueling growth, credit access, and financial innovation.

Visitors from the UK, U.S., Germany and Zimbabwe drive South Coast tourism boom.
BusinessTourism

International buyers drive 2026 Tourism surge on South Africa’s South Coast

Global travel headlines in early 2026 have largely focused on conflict in the Middle East and disruptions to airline routes. Far from those pressures, however, South Africa’s South Coast is telling a different story.  New travel data released in March shows a steady rise in international visitors heading to the coastline of KwaZulu-Natal. Tourists and property buyers from the United…

Kenya late former Prime Minister Raila Odinga
BusinessHot News

Kenya’s Raila family firm, Kango Enterprise bids for $5 million Telposta assets

Kango Enterprise’s bid for Telposta assets underscores robust competition and a broader trend of pension funds restructuring property holdings

Timilehin Adejumobi Timilehin Adejumobi
Africa electrification Mission 300
BusinessGlobal NewsHot News

World Bank, AfDB, Rockefeller launch Mission 300 council to drive Africa’s $300m electrification push

World Bank, AfDB and Rockefeller launch Mission 300 council to mobilize private capital and expand electricity access to 300 million Africans by 2030.

Feyisayo Ajayi Feyisayo Ajayi
FCMB Capital Markets Limited, the investment banking arm of FCMB Group Plc.
BusinessHot News

FCMB Capital Markets leads FMDQ Sponsors’ league table in 2025 with $1.1 billion raised

FCMB Capital Markets tops FMDQ league, raising $1.1 billion in corporate debt through bonds and commercial papers in 2025.

Editorial Team Editorial Team
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