IFC FirstRand agri-MSME bond
BusinessHot News

FirstRand gets $103 million IFC backing to boost South Africa’s agri-SMEs

IFC will invest $103 million in FirstRand to expand agricultural MSME financing and strengthen South Africa’s capital markets.

Feyisayo Ajayi Feyisayo Ajayi
Titus Muya, the founder of Family Bank.
Hot NewsBusiness

Family Bank founder Titus Muya, allies gain $37 million as stock jumps 44% in NSE debut

The strong first-day performance rewarded investors who had backed the lender for years before its move to Kenya's main stock…

Omokolade Ajayi Omokolade Ajayi
Nairobi’s Le’Mac Tower
Hot NewsBusiness

Parts of Nairobi’s $41.5 million Le’Mac Tower set for auction

The move comes as creditors seek to recover outstanding debts from the company now under administration.

Omokolade Ajayi Omokolade Ajayi
A platinum plant in Zimbabwe
Hot NewsBusiness

Zimbabwe’s platinum sector targets $2 billion in exports amid global demand

The forecast follows a year in which export earnings strengthened despite lower production volumes.

Omokolade Ajayi Omokolade Ajayi
Late Nigerian banker Herbert Wigwe
BusinessHot News

Estate of Late Nigerian banker Herbert Wigwe sees Access Holdings stake top $52 million

The increase comes as Access Holdings shares posted double-digit gains on the NGX while the Nigerian naira strengthened against the…

Omokolade Ajayi Omokolade Ajayi
MTN Uganda digital access funding
BusinessHot News

MTN Uganda remits $1.2 million to boost digital access

MTN Uganda remits $1.2 million to expand digital access, funding connectivity projects in underserved communities nationwide.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

After $11 million Q1 revenue, Abdul Samad Rabiu brings BUA Rice back to market

The quarterly result builds on a stronger showing in 2025, when rice revenue rose sharply to $70.5 million, compared with…

Omokolade Ajayi Omokolade Ajayi
Kenyan banker James Mwangi
BusinessBillionairesHot News

Kenyan banking chief James Mwangi gains $12.1 million from Equity Group rally

The gain reflects a steady rise in Equity Group’s share price on the NSE.

Omokolade Ajayi Omokolade Ajayi
Flora Mutahi Ecobank Kenya
BusinessHot News

Kenyan businesswoman Flora Mutahi joins Ecobank Kenya board to bolster SME, women focus

Ecobank Kenya names Flora Mutahi to its board, boosting SME lending strategy and advancing women-led business growth initiatives.

Feyisayo Ajayi Feyisayo Ajayi
Hend El-Sherbini IDH deal
Hot NewsBusiness

IDH faces $290 million takeover as Hend El-Sherbini launches mandatory cash offer

Hena Holdings launches a $290 million cash offer for IDH after stake rise to 49.62%, triggering a mandatory takeover move.

Feyisayo Ajayi Feyisayo Ajayi
Assane Coulibaly
BusinessHot News

Assane Coulibaly: Ivorian pharmacist shaping Côte d’Ivoire’s pharmaceutical industry

Assane Coulibaly drives Côte d’Ivoire’s pharmaceutical regulation, advancing drug safety, local production, and regional policy integration.

Feyisayo Ajayi Feyisayo Ajayi
Labat Africa's first dividend
BusinessHot News

South Africa’s Labat Africa to pay first-ever $1.4 million dividend 

Labat Africa declared its first-ever $1.4 million dividend after a sharp earnings recovery and renewed focus on shareholder returns

Feyisayo Ajayi Feyisayo Ajayi
Dr. Awele Vivien Elumelu.
ExclusiveBusinessHot News

Dr. Awele Elumelu: Physician behind Nigeria’s top HMO and $1.6 billion hospitality giant

While healthcare remains central to her career, Dr. Awele Elumelu’s influence extends into broader corporate leadership.

Omokolade Ajayi Omokolade Ajayi
Djeliba
BusinessHot News

Djeliba Leisure Group gets IFC backing for $20.8 million Gambia hotel expansion

IFC plans $11 million backing for Djeliba Leisure Group’s $20.8 million hotel expansion, boosting Gambia tourism growth.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu hosts Mastercard CEO as UBA deepens global banking push

The dinner comes at a time when UBA has been drawing attention for its expanding digital banking footprint across Africa…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s energy giant Aradel posts $90 million Q1 profit as new assets pay off

Profit after tax rose 252 percent to N120.3 billion ($90 million) in the three months ended March 31, compared with…

Omokolade Ajayi Omokolade Ajayi
Zambian economist Saviour Chibiya.
Hot NewsBusiness

Zambian economist Saviour Chibiya takes home $1.35 million from Absa Group

The increase was driven mainly by higher performance-linked awards during a year that also saw changes in his responsibilities.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

ORA Developers appoints AtkinsRéalis for BAYN coastal project in UAE

ORA Developers appoints AtkinsRéalis to lead BAYN’s master planning in Ghantoot, advancing a major UAE waterfront project.

Feyisayo Ajayi Feyisayo Ajayi
Azule Energy Greater PAJ
Hot NewsBusiness

Azule Energy approves $5.1 billion Greater PAJ oil project in Angola

Azule Energy approves $5.1 billion Greater PAJ offshore oil project in Angola to sustain production and boost long-term output capacity…

Feyisayo Ajayi Feyisayo Ajayi
Vukile Property Fund share awards
BusinessHot News

Vukile Property Fund CEO Laurence Rapp, top brass unlock about $8 million in share awards 

Vukile Property Fund executives unlock about $8 million in share awards as conditional plan vests, with tax-linked disposals and future…

Feyisayo Ajayi Feyisayo Ajayi
Pastor Chris Parallex Bank stake
BusinessHot News

Chris Oyakhilome: One of Africa’s wealthiest pastors, whose quiet financial empire includes stake in Parallex Bank

Pastor Chris Oyakhilome’s rising financial influence grows as his ministry-backed stake in Parallex Bank expands his footprint in Nigeria’s banking sector.

Hot NewsBillionairesBusiness

EU antitrust pressure cuts South African billionaire Koos Bekker’s fortune by $100 million

Koos Bekker loses $100 million in net worth as Prosus battles EU antitrust demands over its Delivery Hero holding and portfolio reshaping.

IFC FirstRand agri-MSME bond
BusinessHot News

FirstRand gets $103 million IFC backing to boost South Africa’s agri-SMEs

IFC will invest $103 million in FirstRand to expand agricultural MSME financing and strengthen South Africa’s capital markets.

Feyisayo Ajayi Feyisayo Ajayi
Credable rebrands to _able after unlocking $650 million in African loans
BusinessTechnology

Credable rebrands to _able after unlocking $650 million in African loans

Credable rebrands to _able after facilitating $650 million in African loans and expanding fintech services.

Oluwatosin Alao Oluwatosin Alao
Titus Muya, the founder of Family Bank.
Hot NewsBusiness

Family Bank founder Titus Muya, allies gain $37 million as stock jumps 44% in NSE debut

Family Bank founder Titus Muya and allies gain $36.6 million as the lender’s shares jump 44 percent in their NSE market debut.

Omokolade Ajayi Omokolade Ajayi
Nairobi’s Le’Mac Tower
Hot NewsBusiness

Parts of Nairobi’s $41.5 million Le’Mac Tower set for auction

Part of Nairobi’s Le’ Mac Tower valued at $41.5 million goes to auction after developer enters administration over unpaid debts in Westlands.

Omokolade Ajayi Omokolade Ajayi
A platinum plant in Zimbabwe
Hot NewsBusiness

Zimbabwe’s platinum sector targets $2 billion in exports amid global demand

Zimbabwe’s platinum sector targets $2 billion in export receipts by 2027, driven by rising global demand, firmer prices, and smelter expansion.

Omokolade Ajayi Omokolade Ajayi
Angola Phosphate Plant
BusinessHot News

Minbos Resources signs $13.8 million deal to advance Angola mining project

Minbos Resources Angola mining project moves closer to production with a $13.8 million contract for final construction.

Timilehin Adejumobi Timilehin Adejumobi
Show More