BusinessGlobal NewsHot News

South Africa’s billionaire Zak Calisto drives Karooooo to $95 million Q1 2027 revenue

Karooooo posts $95 million Q1 2027 revenue as billionaire Zak Calisto drives subscriber growth and expanding global SaaS mobility operations.

Feyisayo Ajayi Feyisayo Ajayi
Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector
BusinessHot News

Mantengu agrees $2 million Blue Ridge sale, exits platinum asset

Mantengu agrees $2.12 million Blue Ridge sale, exiting loss-making platinum asset to cut liabilities and strengthen balance sheet.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, president of Dangote Group
BusinessBillionairesHot News

Aliko Dangote’s refinery raises $2.5 billion ahead of IPO

Dangote refinery raises $2.5 billion in private placement, strengthening finances ahead of IPO and accelerating expansion across global fuel markets.

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica announces first onshore Namibia hydrocarbon flow from Kavango well

ReconAfrica reports first onshore hydrocarbon flow in Namibia from Kavango well, marking milestone in early-stage exploration testing.

Feyisayo Ajayi Feyisayo Ajayi
Mary-Ann Musangi
BusinessHot News

Kenyan billionaire Chris Kirubi’s heiress Mary-Ann Musangi elected KAM vice chairperson

Mary-Ann Musangi elected KAM vice chair, marking a leadership shift as Kenya pushes inclusive manufacturing growth and stronger industry advocacy.

Feyisayo Ajayi Feyisayo Ajayi
African banks with most branches
BusinessHot News

Standard Bank backs Temitope Lawani’s Helios Towers with $29 million

Standard Bank backs Helios Towers with a $29 million social finance deal to expand telecom infrastructure and boost digital connectivity…

Feyisayo Ajayi Feyisayo Ajayi
Africa Remittance
BusinessHot News

10 African countries leading remittance surge in 2025

Remittances to Africa hit record highs in 2025, surpassing $100 billion and reshaping economies, foreign exchange flows, and household resilience.

Feyisayo Ajayi Feyisayo Ajayi
Baume & Mercier
Hot NewsLuxury

Johann Rupert’s Richemont posts strong quarterly surge as sales hit $7.2 billion

Richemont posts strong quarterly sales of $7.2 billion, driven by jewelry demand and growth across key global markets.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egypt’s Mobica to invest $20 million in manufacturing, launches $10 million tech ETF

Mobica plans $20 million manufacturing expansion and launches $10 million tech ETF, signaling Egyptian industry’s shift toward innovation.

Feyisayo Ajayi Feyisayo Ajayi
Public Investment Corporation
BusinessHot News

South Africa regulator probes PIC after CEO suspension raises governance concerns

South Africa’s regulator probes PIC after CEO suspension sparks governance concerns at Africa’s largest asset manager.

Feyisayo Ajayi Feyisayo Ajayi
Air Peace and NAHCO
BusinessHot News

Allen Onyema’s Air Peace suffers aircraft damage after NAHCO ground collision in Lagos

Air Peace confirms Airbus A320 damage after NAHCO ground vehicle collision at Lagos airport, disrupting operations and triggering delays.

Feyisayo Ajayi Feyisayo Ajayi
BusinessTourism

Mauritania’s first Sheraton hotel gets $15 million IFC boost

IFC invests $15 million in Mauritania’s first Sheraton hotel, boosting business tourism, jobs and local supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Sharm El Sheikh
Tourism

British developer bets $670 million on Egypt tourism push with Sharm El Sheikh projects

British developer The First Group commits $670 million to build 3,200 hotel units in Sharm El Sheikh, boosting Egypt’s tourism…

Feyisayo Ajayi Feyisayo Ajayi
Keneilwe Moloko
Hot NewsBusiness

Keneilwe Moloko: Governance strategist shaping South Africa’s corporate boardrooms

Keneilwe Moloko shapes South Africa’s boardrooms, strengthening governance, risk oversight, and long-term value across major listed companies.

Feyisayo Ajayi Feyisayo Ajayi
Zambia Hilton hotel
Hot NewsBusiness

IFC plans $50 million loan for Zambia Hilton hotel, Djibouti warehouse

IFC plans a $50 million loan to fund a Hilton hotel in Zambia and a logistics warehouse in Djibouti, boosting…

Feyisayo Ajayi Feyisayo Ajayi
AirTrunk
Global News

AirTrunk gets $175 million for Malaysia data center expansion

AirTrunk secures up to $175 million from IFC to expand hyperscale data centers in Johor, boosting Malaysia’s digital infrastructure capacity.

Feyisayo Ajayi Feyisayo Ajayi
Daniel Ofori
BusinessHot News

Ghanaian investor Daniel Ofori’s CalBank posts $21 million profit in H1 2026

CalBank posts $21 million H1 2026 profit as revenue surges, asset quality improves and capital strengthens after recapitalization.

Feyisayo Ajayi Feyisayo Ajayi
Samuel Kamau Macharia
BusinessHot News

Kenyan businessman SK Macharia’s firm regains lead, overtakes President Ruto-linked Amaco

Directline Assurance, owned by SK Macharia regains Kenya’s PSV insurance lead after strong Q1 2026 results, overtaking Ruto-linked Amaco in…

Feyisayo Ajayi Feyisayo Ajayi
Banque Misr
BusinessHot News

Banque Misr, MSMEDA launch $10 million microenterprise fund

Banque Misr, MSMEDA launch $10 million fund to finance 2,500 microenterprises, boosting access to credit and accelerating Egypt’s push to…

Feyisayo Ajayi Feyisayo Ajayi
Clive Calder
BusinessBillionairesGlobal NewsHot News

South African-British billionaire Clive Calder gains $1 billion in 4 months

Clive Calder’s net worth surged past $10 billion after a $1.02 billion gain in four months, reinforcing his status among…

Feyisayo Ajayi Feyisayo Ajayi
Citadines Westview Nairobi
BusinessLuxury

Ascott expands Nairobi footprint with 160-key Citadines property deal   

Ascott signs 160-key Citadines Westview Nairobi in Kilimani, expanding its Kenya hospitality footprint and Africa pipeline through 2028.

Madagascar Yacht
LuxuryTourism

Luxury sailing tourism in Madagascar

Madagascar’s northern coasts attract travelers seeking private, high-end sailing adventures.

BusinessGlobal NewsHot News

South Africa’s billionaire Zak Calisto drives Karooooo to $95 million Q1 2027 revenue

Karooooo posts $95 million Q1 2027 revenue as billionaire Zak Calisto drives subscriber growth and expanding global SaaS mobility operations.

Feyisayo Ajayi Feyisayo Ajayi
Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector
BusinessHot News

Mantengu agrees $2 million Blue Ridge sale, exits platinum asset

Mantengu agrees $2.12 million Blue Ridge sale, exiting loss-making platinum asset to cut liabilities and strengthen balance sheet.

Feyisayo Ajayi Feyisayo Ajayi
iOCO acquires Astraia tech
TechnologyBusiness

iOCO acquires South Africa’s Astraia Technology in cloud expansion   

iOCO acquires Astraia Technology to expand cloud ERP services, strengthen business applications and grow technology solutions.

Timilehin Adejumobi Timilehin Adejumobi
Aliko Dangote, president of Dangote Group
BusinessBillionairesHot News

Aliko Dangote’s refinery raises $2.5 billion ahead of IPO

Dangote refinery raises $2.5 billion in private placement, strengthening finances ahead of IPO and accelerating expansion across global fuel markets.

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica announces first onshore Namibia hydrocarbon flow from Kavango well

ReconAfrica reports first onshore hydrocarbon flow in Namibia from Kavango well, marking milestone in early-stage exploration testing.

Feyisayo Ajayi Feyisayo Ajayi
Mary-Ann Musangi
BusinessHot News

Kenyan billionaire Chris Kirubi’s heiress Mary-Ann Musangi elected KAM vice chairperson

Mary-Ann Musangi elected KAM vice chair, marking a leadership shift as Kenya pushes inclusive manufacturing growth and stronger industry advocacy.

Feyisayo Ajayi Feyisayo Ajayi
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