World's richest person Elon Musk.
BillionairesBusinessHot News

From over $1.3 trillion, Elon Musk’s net worth slips below $700 billion

His fortune has dropped by $636 billion in the past 47 days, falling from a record $1.32 trillion on June…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $1.2 billion assets as profits surge

The increase comes just six months after the company first surpassed the $1 billion mark.

Omokolade Ajayi Omokolade Ajayi
Cape Town, South Africa.
TourismHot NewsLuxury

South Africa welcomes 5.58 million foreign visitors in first half of 2026

South Africa welcomed 5.58 million foreign visitors in the first half of 2026 as arrivals rose 12.3 percent, boosting tourism…

Omokolade Ajayi Omokolade Ajayi
Taiwo Afolabi
BusinessHot News

Nigerian tycoon Taiwo Afolabi’s stake in SAHCO gains $65 million in 2026

Nigerian logistics tycoon, Taiwo Afolabi and wife gain $65 million as SAHCO stake surges over 90%, lifting valuation past $130…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

First HoldCo leans on trading gains, lower loan losses as core income weakens in H1 2026

First HoldCo leans on trading gains and lower loan losses as core income weakens, raising concerns about earnings sustainability.

Feyisayo Ajayi Feyisayo Ajayi
Alios Finance acquisition impact
BusinessHot News

Alios Finance Cameroon targets full bond subscription with $12 million anchor investment

Alios Finance Cameroon may secure over half its bond via IFC’s $12 million anchor investment, boosting confidence in full subscription.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu commits $85 million to ports expansion project

Rabiu, chairman of BUA Group, disclosed the investment during a visit to Nigerian Ports Authority Managing Director Abubakar Dantsoho in…

Omokolade Ajayi Omokolade Ajayi
Dorado Cashew
BusinessHot News

IFC to support $18 million cashew processing expansion in Côte d’Ivoire

IFC backs $18 million Dorado investment to expand cashew processing in Côte d’Ivoire, boosting local value addition and supply chain…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Paul Fokam’s Afriland Bank signs $57 million deal to boost access to Sharia-compliant financing

Afriland First Bank signs $57.4 million Islamic finance deal with ICD to expand SME funding and boost private sector growth…

Feyisayo Ajayi Feyisayo Ajayi
Worker operating at Seplat Energy's Oben OML 4
Hot NewsBusiness

Seplat Energy posts $164 million half-year profit as earnings soar 498%

The stronger performance was supported by higher production, favourable commodity prices and lower operating costs, according to interim financial statements.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $215 million half-year profit

The food producer reported net income of N292.27 billion ($215 million) for the six months ended June 30, up from…

Omokolade Ajayi Omokolade Ajayi
female CEO
BusinessHot News

10 female CEOs leading Africa’s largest listed companies in 2026

Female CEOs now lead Africa’s largest listed firms, steering nearly $80 billion in value across banking, mining, and consumer sectors.

Feyisayo Ajayi Feyisayo Ajayi
Paddy Zhanda
BusinessHot News

Paddy Zhanda builds multimillion-dollar empire including $7 million Masimba Holdings’ stake

Paddy Zhanda builds a multimillion-dollar empire through Masimba Holdings, leveraging strategic acquisitions and layered investments.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria CEO & Francophone Africa VP, Karl Toriola
Hot NewsBusiness

Karl Toriola-led MTN Nigeria posts $519 million profit in H1 2026

MTN Nigeria posts $519 million H1 2026 profit as data growth, cost discipline and stable naira boost revenue, margins and…

Feyisayo Ajayi Feyisayo Ajayi
JP Morgan
BusinessHot News

JP Morgan raises Clicks stake to 5.47% amid 34% year-to-date share price decline

JP Morgan raises Clicks stake to 5.47% despite a 34% share price decline, signaling confidence in South Africa’s leading healthcare…

Feyisayo Ajayi Feyisayo Ajayi
Sterling Financial Holdings Company Plc
Hot NewsBusiness

Nigeria’s Sterling Holdco sees H1 profit surge to $37 million on strong lending

Gross earnings rose to N279.6 billion ($205.1 million) from N212.61 billion ($156 million) a year earlier, reflecting stronger business activity…

Omokolade Ajayi Omokolade Ajayi
World’s richest Black person Aliko Dangote
BusinessHot News

Africa’s richest man Aliko Dangote’s Dangote Cement posts $470 million half-year profit as African exports jump

The Lagos-listed cement producer also recorded broad-based growth across its operations.

Omokolade Ajayi Omokolade Ajayi
TotalEnergies
BusinessHot News

Namibia approves TotalEnergies Mopane deal, expands Orange Basin oil push

Namibia approves TotalEnergies’ 40% Mopane stake, boosting Orange Basin expansion and advancing Venus project toward final investment decision.

Feyisayo Ajayi Feyisayo Ajayi
Seplat
BusinessHot News

Seplat Energy to sell 10% stake in NNPCL joint venture for $281.6 million

Seplat Energy signs $281.6 million deal to sell 10% stake in NNPCL joint venture, targeting debt reduction and enhanced shareholder…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian executive Owen Omogiafo
BusinessBillionairesHot News

Nigerian executive Owen Omogiafo buys 1.9 million shares of Transcorp Group

The filing showed the purchases were executed over two trading days on the NGX.

Omokolade Ajayi Omokolade Ajayi
Northam credit boost renewable energy
Hot NewsBusiness

Northam raises $124 million credit line amid renewable energy push

Northam Platinum raises credit line by $124 million to boost renewable energy projects, cut emissions, and secure long-term power supply.

Absa Kenya asset financing for SMEs
BusinessHot News

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car ownership access.

BusinessHot News

Nigeria’s Aradel posts $1.8 billion revenue as first-half production surges 523%

Aradel Holdings posts $1.8 billion revenue as first-half production surges 523 percent, lifting operating profit to $767.5 million.

Omokolade Ajayi Omokolade Ajayi
World's richest person Elon Musk.
BillionairesBusinessHot News

From over $1.3 trillion, Elon Musk’s net worth slips below $700 billion

Elon Musk's net worth fell below $700 billion as a SpaceX share selloff and weak Tesla earnings erased $636 billion from his fortune in 47 days.

Omokolade Ajayi Omokolade Ajayi
Mauritian financial group Swan General
BusinessHot News

Mauritian financial group Swan General posts $28.1 million profit for 2025

Mauritian financial group Swan General posted a $28.1 million profit for 2025, driven by strong underwriting and investment growth.

Omokolade Ajayi Omokolade Ajayi
Sasol launches PEM electrolyser to boost South Africa’s green hydrogen drive
BusinessTechnology

Sasol launches PEM electrolyser to boost South Africa’s green hydrogen drive

Sasol commissions a PEM electrolyser in South Africa to advance green hydrogen technology, boost clean energy innovation and support local manufacturing.

Oluwatosin Alao Oluwatosin Alao
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $1.2 billion assets as profits surge

Abdul Samad Rabiu’s BUA Foods crosses $1.2 billion in assets while net income surges 12 percent despite softer consumer demand.

Omokolade Ajayi Omokolade Ajayi
Kenyan businessman Suleiman Shahbal
BusinessHot News

Kenyan businessman Suleiman Shahbal lands $93 million DP World SEZ deal

Suleiman Shahbal DP World SEZ Deal brings $93 million to Mombasa, creating nearly 8,000 jobs and boosting Kenya's exports.

Timilehin Adejumobi Timilehin Adejumobi
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