BusinessHot News

Ghanaian-Cameroonian entrepreneur Celeste Vogel named 2026 Cartier Women’s Initiative Fellow

Céleste Vogel named 2026 Cartier Women’s Initiative Fellow for advancing clean last-mile mobility and expanding economic opportunities across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Folasope Aiyesimoju
BusinessHot News

Nigeria’s dealmaker, Folasope Aiyesimoju loses $30 million as CAP shares plunge 39% on NGX

Folasope Aiyesimoju’s CAP stake drops over $30 million as shares fall 39% on NGX, eroding value after strong earlier gains.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Transnet to invest $8 billion in 5-year turnaround plan

Transnet will invest $8 billion over five years to fix rail and ports, cut costs, and restore growth and investor…

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Hot NewsBusiness

Femi Otedola-led First HoldCo posts $473 million half-year pre-tax profit

The stronger performance reflects First HoldCo's growing ability to generate income beyond traditional lending.

Omokolade Ajayi Omokolade Ajayi
Air Zimbabwe
Hot NewsBusiness

Air Zimbabwe restores direct London flights after 14 years

The return to the United Kingdom marks the state carrier’s biggest international push in more than a decade.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot News

Elon Musk loses $528 billion in five weeks as SpaceX shares plunge after IPO

The sharp decline comes as investors weigh a series of operational setbacks and await the company's first earnings report as…

Omokolade Ajayi Omokolade Ajayi
Delta Property Fund
BusinessHot News

South Africa’s Delta Property Fund to sell Pretoria asset for $2 million

Delta Property Fund to sell Pretoria asset for $2 million as part of strategy to cut debt, exit non-core holdings,…

Feyisayo Ajayi Feyisayo Ajayi
Equity
BusinessHot News

Equity retirement assets cross $7 million as Kenya’s retirement savings surge

Equity Life’s retirement schemes surpass $7 million in assets, driven by rising Kenyan demand for long-term savings solutions.

Feyisayo Ajayi Feyisayo Ajayi
ER Group East Africa expansion
Hot NewsBusiness

Mauritius’ ER Group targets Africa expansion with $22 million fund through 2029

ER Group unveils 2029 strategy backed by $22 million Africa fund, targeting East Africa expansion and long-term sustainable growth.

Feyisayo Ajayi Feyisayo Ajayi
Econet InfraCo IPO
Hot NewsTechnology

Cassava Technologies expands Africa’s cloud resilience with Microsoft Azure milestone

Cassava Technologies boosts Africa’s cloud resilience as Africa Data Centres becomes Azure ExpressRoute Metro site in Johannesburg.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian tycoon Kola Karim
Hot NewsBusiness

Kola Karim’s Shoreline gets $200 million Afreximbank-backed facility for Algeria’s $980 million project

Shoreline secures a $200 million Afreximbank facility to fund Algeria's $980 million HBR project, boosting pan-African energy development.

Feyisayo Ajayi Feyisayo Ajayi
Isyaku Abdulsamad “Khalifa” Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu’s son, Khalifa, pockets $9.6 million dividend from BUA Foods

The payout was credited electronically to shareholders alongside other investors in the company.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Transcorp Power posts $39.8 million half-year profit despite Nigeria grid attacks

The Ughelli-based power producer reported revenue of N181.97 billion ($131.91 million) for the first half of 2026.

Omokolade Ajayi Omokolade Ajayi
Mohammed El-Sewedy
BusinessHot News

Mohamed El-Sewedy’s stake in Egyptian electric giant nears $700 million

Mohamed El-Sewedy’s stake in Elsewedy Electric rises by $98 million in 2026, nearing $700 million as shares rally on strong…

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

Nigerian billionaire Abdul Samad Rabiu collects $337 million BUA Foods dividend

Rabiu, Nigeria's second-richest man and Africa's third-richest billionaire, owns 92.64 percent of the Lagos-based food group.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Gideon Muriuki
Hot NewsBillionairesBusiness

Co-op Bank becomes Kenya’s fourth-most valuable company with $1.6 billion market cap under Gideon Muriuki

The lender now ranks behind Safaricom, Equity Group, and KCB Group, underscoring Co-op Bank’s steady rise under Gideon Muriuki.

Omokolade Ajayi Omokolade Ajayi
Standard Bank Group
BusinessHot News

Standard Bank takes $8.6 million in franchise fees from Kenyan unit in 2025

Standard Bank took $8.6 million in franchise fees from Stanbic Kenya in 2025, extending a two-year decline as the unit’s…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s First HoldCo stake tops $700 million as shares hit record high

The surge has once again placed Otedola at the center of activity on the Nigerian capital market.

Omokolade Ajayi Omokolade Ajayi
TMG
Hot NewsBusiness

TMG hits $4 billion market cap, holds spot as Egypt’s No. 2 publicly listed firm

TMG hits $4 billion market cap, holds spot as Egypt’s No. 2 publicly listed firm

Feyisayo Ajayi Feyisayo Ajayi
Zeinab Ahmed Sadek Elsewedy
BusinessHot News

El-Sewedy Sisters, Mona, Zeinab, Azza’s stake in Egyptian electric giant rises by $49 million to $353 million

El-Sewedy sisters’ stake in Elsewedy Electric jumps $49 million to $353 million as shares rally, strengthening their position on Egypt’s…

Feyisayo Ajayi Feyisayo Ajayi
Mozambique debt crisis deepens as World Bank weighs support
BusinessTechnology

World Bank weighs options to ease Mozambique’s mounting debt burden

Mozambique’s debt crisis is worsening, pushing the World Bank to step up efforts to support the Southeast African nation as borrowing costs rise and investor confidence weakens.  The strain reflects wider pressure across emerging markets, where tighter global financial conditions and geopolitical tensions are making it harder for governments to access affordable funding. For Mozambique, those challenges are compounded by…

Fregate Island Private Seychelles
LuxuryHot News

Fregate Island Private: A secluded sanctuary in Seychelles

Fregate Island Private blends luxury and nature in Seychelles, offering seclusion, conservation, and timeless island serenity.

IIT Madras
TechnologyBusiness

Zanzibar pushes to become East Africa’s next technology hub

Zanzibar partners with IIT Madras to expand technology, research and digital skills as the islands aim to become East Africa’s innovation hub.

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Ghanaian-Cameroonian entrepreneur Celeste Vogel named 2026 Cartier Women’s Initiative Fellow

Céleste Vogel named 2026 Cartier Women’s Initiative Fellow for advancing clean last-mile mobility and expanding economic opportunities across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Uganda Airlines
BusinessHot News

Uganda Airlines orders eight Boeing jets to expand Africa and global routes

Uganda Airlines Boeing order adds eight new jets to expand African and global routes, boosting tourism, trade and connectivity.

Timilehin Adejumobi Timilehin Adejumobi
Oil and Gas Plant
BusinessHot News

Nigeria opens bidding for 50 oil and gas blocks in major energy push

Nigeria opens bidding for 50 oil and gas blocks, aiming to attract investment, boost crude output and strengthen Africa's energy sector.

Timilehin Adejumobi Timilehin Adejumobi
Suresh Bhagwanji Shah
BusinessHot News

Kenyan businessman Suresh Bhagwanji Shah’s stake in I&M Group tops $90 million

Suresh Bhagwanji Shah stake in I&M Group tops $90 million as NSE shares rally and the bank reports record quarterly profit.

Timilehin Adejumobi Timilehin Adejumobi
Folasope Aiyesimoju
BusinessHot News

Nigeria’s dealmaker, Folasope Aiyesimoju loses $30 million as CAP shares plunge 39% on NGX

Folasope Aiyesimoju’s CAP stake drops over $30 million as shares fall 39% on NGX, eroding value after strong earlier gains.

Feyisayo Ajayi Feyisayo Ajayi
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