DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

DTB completes $9.8 million Burundi sale, ends 16-year market presence

The sale was part of a structured transfer of its shares to a consortium of local investors in Burundi, led…

Omokolade Ajayi Omokolade Ajayi
ADvTECH $1.5 billion market cap
BusinessHot News

ADvTECH, Africa’s largest private education provider, tops $1.5 billion market cap

ADvTECH tops $1.5 billion market cap as student demand, acquisitions and strong earnings lift Africa’s largest private education group.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s second-richest man, Nicky Oppenheimer.
BillionairesBusinessHot News

South African billionaire Nicky Oppenheimer rebounds with $1.6 billion gain

According to the Bloomberg Billionaires Index, Oppenheimer’s fortune rose from $12.9 billion on Mar. 31 to $14.5 billion at the…

Omokolade Ajayi Omokolade Ajayi
MTN Uganda Q1 2026 earnings
BusinessHot News

MTN Uganda Q1 profit falls to $46 million amid election internet shutdown

MTN Uganda Q1 profit slips 3.8% to $46 million as election disruptions, investments, and currency pressures weigh on earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Yasseen Mansour’s Palm Hills stake nears $100 million as Egypt property stocks rally

Yasseen Mansour’s Palm Hills stake nears $100 million as shares surge, driven by strong earnings and rising investor demand for…

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

Aliko Dangote refinery drives petrol prices up 82 percent in Nigeria this year

Higher crude prices are feeding into fuel costs worldwide, and Nigeria is no exception. For now, the Dangote refinery remains…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

African ports miss out as Hormuz disruption reroutes shipping via Cape routes

Despite that increase in vessel movement, African ports have not seen a matching rise in cargo handling or container throughput.

Omokolade Ajayi Omokolade Ajayi
Agritech Kenya
BusinessHot News

Apollo Agriculture gets $2.1 million to finance 24,000 Kenyan farmers

Apollo Agriculture secures $2.1 million in local currency debt to fund 24,000 Kenyan farmers via securitised buy-now-pay-later model financing

Feyisayo Ajayi Feyisayo Ajayi
Arno Daehnke Standard Bank pay
BusinessHot News

South African executive Arno Daehnke takes $4.9 million pay from Standard Bank in 2025, to retire in 2027

Arno Daehnke earned $4.9 million in 2025 as Standard Bank posted strong growth ahead of his planned 2027 retirement.

Feyisayo Ajayi Feyisayo Ajayi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BusinessHot News

Nigeria’s Access Bank to sell foreign units after Central Bank order

The central bank now caps equity exposure to foreign subsidiaries at 10 percent of shareholders’ funds, part of a broader…

Timilehin Adejumobi Timilehin Adejumobi
MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining cedes majority control to KDG in a $90 million deal 

MC Mining hands KDG a 51% stake in a $90 million deal, accelerating development of South Africa’s Makhado coal project.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Mauritius eyes 100 wealthy investors a year with golden visa push

The move comes as countries compete more selectively for wealthy migrants, even as some governments tighten rules around similar visa…

Omokolade Ajayi Omokolade Ajayi
Warren Buffett, chairman of Berkshire Hathaway and global investor.
BillionairesHot News

World’s richest investor Warren Buffett backs Kenya with $59 million over two years

The grant to Kenya’s State Department of Medical Services ranks third among expected external inflows in the coming fiscal year.

Omokolade Ajayi Omokolade Ajayi
Absa Kenya asset financing for SMEs
BusinessHot News

Absa Kenya plans $774 million asset finance push to spur SME growth

Absa Bank Kenya rolls out $774 million asset finance program to boost SME growth, offering full equipment funding amid tight…

Feyisayo Ajayi Feyisayo Ajayi
Presco Plc, Nigeria’s leading palm oil producer.
BusinessHot News

Nigeria’s Presco declares $11 million dividend as 2025 profit hits $88.7 million

The payout follows a sharp rise in profit, underlining the company’s ability to convert higher sales into earnings and return…

Omokolade Ajayi Omokolade Ajayi
Evanson Njenga CFG Isuzu Kenya
ExclusiveHot News

Kenyan businessman Evanson Njenga, prominent Isuzu dealer, dies at 90

Evanson Njenga, founder of CFG and key Isuzu dealer, dies at 90, leaving a four-decade legacy in Kenya’s automotive sector.

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju’s portfolio on the Nigerian Exchange nears $200 million

Aiyesimoju’s stakes in UACN, CAP and UPDC near $200 million as dividend demand drives Nigerian equities rally.

Feyisayo Ajayi Feyisayo Ajayi
Edita $9.3 million loan Egypt
BusinessHot News

Egypt’s Edita secures $9.3 million loan to expand production capacity

Edita secures $9.3 million loan to boost production capacity after strong earnings growth and rising demand for packaged foods in…

Feyisayo Ajayi Feyisayo Ajayi
Jim Ovia, founder and former chairman of Zenith Bank.
BusinessHot News

After growing Zenith Bank to $23 billion in assets, Nigerian banking titan Jim Ovia retires

The announcement came during the lender’s 35th Annual General Meeting, where shareholders were also updated on a year marked by…

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot NewsLuxury

Ethiopia’s richest man Mohammed Al-Amoudi plans 10 hotels as wealth tops $9 billion

His investment firm, MIDROC Investment Group, has signed a master development agreement with Dubai-based First Group Hospitality to build and…

Omokolade Ajayi Omokolade Ajayi
Ultra-luxury destinations in Mauritius
Hot NewsLuxury

20 hotels in Port Louis for luxury stays

Discover 15 luxury hotels in Port Louis, Mauritius, where island charm meets modern comfort in the capital’s serene coastal settings.

Tanzania Breweries valuation
BusinessHot News

Tanzania Breweries falls under $1 billion in 2025 despite Q3 growth

Tanzania Breweries’ valuation slips below $1 billion in 2025 as earnings weaken and rising costs pressure growth across its key beverage segments.

DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

DTB completes $9.8 million Burundi sale, ends 16-year market presence

Diamond Trust Bank sells 83.67% Burundi stake for $9.8 million, exiting the market after 16 years and reshaping its regional strategy.

Omokolade Ajayi Omokolade Ajayi
ADvTECH $1.5 billion market cap
BusinessHot News

ADvTECH, Africa’s largest private education provider, tops $1.5 billion market cap

ADvTECH tops $1.5 billion market cap as student demand, acquisitions and strong earnings lift Africa’s largest private education group.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s second-richest man, Nicky Oppenheimer.
BillionairesBusinessHot News

South African billionaire Nicky Oppenheimer rebounds with $1.6 billion gain

Nicky Oppenheimer adds $1.6 billion in five weeks as private investments drive wealth recovery across Africa, Asia, and global markets.

Omokolade Ajayi Omokolade Ajayi
MTN Uganda Q1 2026 earnings
BusinessHot News

MTN Uganda Q1 profit falls to $46 million amid election internet shutdown

MTN Uganda Q1 profit slips 3.8% to $46 million as election disruptions, investments, and currency pressures weigh on earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Yasseen Mansour’s Palm Hills stake nears $100 million as Egypt property stocks rally

Yasseen Mansour’s Palm Hills stake nears $100 million as shares surge, driven by strong earnings and rising investor demand for Egypt property stocks.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
BusinessHot News

Africa’s richest man Aliko Dangote plans 20,000MW power project expansion

Aliko Dangote plans a 20,000MW power project as he expands into energy, fertiliser, LNG and refinery growth across Nigeria and global markets.

Timilehin Adejumobi Timilehin Adejumobi
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