HOT NEWS

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

August 1, 2026

Cardinal Torch invests $3.3 million to expand into Africa’s cashew industry

August 1, 2026

Idrissa Nassa’s Coris Bank targets Central African Republic with CEMAC expansion

August 1, 2026

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

August 1, 2026

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 August 1, 2026

Business Hot 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 August 1, 2026

Hot News Billionaires Business

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 July 31, 2026

Business Hot 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 July 31, 2026

Business Hot 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 July 31, 2026

Worker operating at Seplat Energy's Oben OML 4

Hot News Business

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 July 31, 2026

Hot News Billionaires Business

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 July 31, 2026

Business Hot 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 July 31, 2026

Business Hot 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 July 31, 2026

MTN Nigeria CEO & Francophone Africa VP, Karl Toriola

Hot News Business

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 July 30, 2026

Business Hot 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 July 31, 2026

Hot News Business

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 July 30, 2026

World’s richest Black person Aliko Dangote

Business Hot 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 July 30, 2026

Business Hot 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 July 30, 2026

Business Hot 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 July 30, 2026

Business Billionaires Hot 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 July 30, 2026

Hot News Business

Africa’s top carrier, Ethiopian Airlines, hits $9.1 billion revenue as passenger traffic jumps

The state-owned carrier handled 20.7 million passengers during the 12-month period — a 10 percent increase.

Omokolade Ajayi July 30, 2026

Hot News Billionaires Business

Africa’s first Black billionaire, Patrice Motsepe, loses $1 billion in stock slump

The decline reflects the performance of the two listed mining companies that account for most of Motsepe’s wealth.

Omokolade Ajayi July 30, 2026

Standard bank Group and CEO Sim Tshabalala

Business Hot News

Standard Bank processes $1.2 billion in Yuan payments as Africa-China trade surges

Standard Bank processed $1.2 billion in yuan via CIPS, signaling rising Africa-China trade and reduced reliance on dollar settlements.

Feyisayo Ajayi July 29, 2026

Aliko Dangote, Africa’s richest man and founder of Dangote Group.

Business Hot News

Africa’s richest man Aliko Dangote’s seasoning business posts $14.4 million half-year profit

The company posted profit after tax of N19.6 billion ($14.4 million) for the six months ended June 30, up 26…

Omokolade Ajayi July 29, 2026

Luxury Tourism

Okavango’s riverside jewel: Inside camp Xakanaxa Safari experience

Camp Xakanaxa offers intimate luxury safaris with front-row wildlife viewing in Botswana’s Okavango Delta.

Marriott International, the world’s largest hotel chain.

Luxury Business Hot News

Marriott to add nine Egypt hotels with more than 1,800 rooms under new deal

Marriott, the world’s largest hotel chain, will develop nine hotels with more than 1,800 rooms across Egypt, backing the country's tourism expansion and investment drive.