BusinessHot News

Fuel scarcity hits Kenya as Iran war disrupts shipments

The strain stems from frozen domestic pump prices set by the Energy and Petroleum Regulatory Authority (EPRA), while global oil…

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MCB wins awards for $400 million energy deal
BusinessHot News

MCB wins top African finance awards for $400 million Karpowership deal

MCB wins top African finance awards for a $400 million Karpowership deal, boosting its role in energy and infrastructure financing.

Feyisayo Ajayi Feyisayo Ajayi
Partech backs littlefish to scale SME banking
BusinessHot News

Partech leads about $10 million investment in South Africa’s fintech to scale Africa’s merchant banking

Partech leads $9.5 million investment in littlefish to scale merchant banking infrastructure for SMEs across Africa.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

Nigerian billionaire Abdul Samad Rabiu’s liabilities exceed $3 billion

The figures reflect a reassessment of his holdings and obligations, including acquisitions, insider transactions, taxes, market performance, and philanthropic commitments.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenyan banker James Mwangi to earn $5.7 million dividend from Equity Group

Mwangi, who has led the group since 2004, when it operated as Equity Building Society, holds a 3.39 percent stake,…

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BusinessHot News

Nigeria moves to capitalize on oil surge amid global supply tensions

The country plans to increase oil production by about 100,000 barrels per day in the coming months.

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BusinessHot News

ADvTECH’s Africa expansion lifts operating profit past $120 million in 2025

The education division remained the main driver, with revenue up 13 percent as more students enrolled across both school and…

Omokolade Ajayi Omokolade Ajayi
Razack Adeola Sterling Bank
BusinessHot News

Meet Nigerian banker Adeyemi Razack Adeola: Sterling Bank chairman with stake worth nearly $90 million

Nigerian banker Razack Adeola built Sterling Bank influence with a $86.7 million stake, shaping growth and long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Cameroonian tech investor Eunice Ajim seeks $20 million to back Africa’s next fintech winners

The raise follows a string of outcomes that have helped sharpen her case to investors.

Omokolade Ajayi Omokolade Ajayi
Enko Education $22 million funding
BusinessHot News

Cameroonian Cyrille Nkontchou’s Enko Education secures $22 million from Standard Bank for African expansion

Enko Education secures $22 million from Standard Bank to expand across Africa, boosting access to high-quality, global education.

Feyisayo Ajayi Feyisayo Ajayi
IFC telecom power Africa
BusinessHot News

IFC invests $45 million in clean telecom power to boost Africa connectivity

IFC commits $45 million to IPT PowerTech to expand clean telecom power, boosting connectivity across Ethiopia, Liberia, and Sierra Leone.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigeria’s fintech unicorn Moniepoint acquires restaurant management platform Orda

Orda will be rebranded as Moniebook for Restaurants and folded into Moniebook, Moniepoint’s business management platform.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenya Airways’ bookings climb, providing temporary relief from $2.4 billion liabilities

The carrier said that bookings have climbed sharply in recent weeks, helped in part by disruptions tied to the ongoing…

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ExclusiveHot News

Sandile Zungu: KZN businessman behind South Africa’s $10 billion lottery, sports license

Zungu's career reflects a consistent approach grounded in execution and long-term thinking.

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Nigerian monarch Lamido Sanusi’s MTN earnings reach N1.5 billion over seven years

Recent findings by Shore.Africa show that the Emir of Kano received a total of R22.57 million in board-related compensation from…

Omokolade Ajayi Omokolade Ajayi
Safwan Thabet Juhayna losses
BusinessHot News

Egyptian mogul Safwan Thabet hit by $40.8 million loss from Juhayna stake

Safwan Thabet loses $40.75 million in 46 days as Juhayna shares drop 14.45%, dragging down the value of his majority…

Feyisayo Ajayi Feyisayo Ajayi
Africa richest hotel owners
Hot NewsLuxury

10 of Africa’s richest hotel owners in 2026

Africa’s richest hotel owners are reshaping luxury hospitality, driving tourism growth and building world-class hotel empires across the continent.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egypt to pay $1.3 billion in oil company arrears by June amid energy crunch

By June 30, 2024, Egypt owed $6.1 billion to foreign oil companies, a gap driven by a persistent shortage of…

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BusinessHot News

Equity Group emerges Kenya’s most valuable brand in global ranking

Brand Finance said the ranking reflects customer perception of the bank and its growth prospects.

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

Aliko Dangote’s refinery becomes key as Europe, Africa face fuel supply strain

The Nigerian billionaire’s facility, which produces 650,000 barrels per day, has drawn attention not only from African governments but increasingly…

Omokolade Ajayi Omokolade Ajayi
Nigerian artistes
EntertainmentHot News

Top 5 African countries dominating global music chart

Afrobeats, Amapiano, and highlife rhythms are no longer regional sounds—they're global exports reshaping the international music industry.

Africa Finance Corporation
BusinessHot News

AFC lands $524 million Samurai funding for major Africa infrastructure upgrades

AFC boosts infrastructure financing with a new Samurai facility.

Atiku Abubakar
BusinessExclusive

Nigerian politician Atiku Abubakar owns these 7 companies

Atiku Abubakar’s businesses underscore rising investment in Nigeria’s education, food and media industries.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Fuel scarcity hits Kenya as Iran war disrupts shipments

Fuel scarcity hits Kenya as the Iran war disrupts Gulf oil supplies, affecting independent retailers and East African markets.

Omokolade Ajayi Omokolade Ajayi
MCB wins awards for $400 million energy deal
BusinessHot News

MCB wins top African finance awards for $400 million Karpowership deal

MCB wins top African finance awards for a $400 million Karpowership deal, boosting its role in energy and infrastructure financing.

Feyisayo Ajayi Feyisayo Ajayi
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