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
Patrick Schegg CRDB Bank dividend
BusinessHot News

Tanzanian tycoon Patrick Schegg gains $23 million from CRDB Bank in 2026

Patrick Schegg gains $23 million as CRDB Bank shares rally, pushing his stake near $55 million amid strong growth on…

Feyisayo Ajayi Feyisayo Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusiness

Sim Tshabalala’s career in 7 defining chapters as Standard Bank CEO ahead of 2027 retirement

Sim Tshabalala’s rise from lawyer to Standard Bank CEO highlights expansion, earnings growth, and milestones ahead of his 2027 retirement.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egypt’s Edita moves to raise $20 million to fund expansion

Edita plans $20 million capital increase to fund expansion, boosting financial flexibility and supporting long-term growth strategy.

Feyisayo Ajayi Feyisayo Ajayi
Michael Ade-Ojo Custodian stake
BusinessHot News

Nigerian auto magnate Michael Ade-Ojo’s stake in Custodian Investment tops $70 million

Michael Ade-Ojo’s stake in Custodian Investment surpasses $70 million as dividend strength fuels rising investor demand on Nigeria’s stock market.

Africa listed hotel companies
LuxuryHot News

Why Africa’s hospitality industry has few listed hotel brands

Africa’s hotel sector is fragmented, with few listed firms as local owners control assets while global brands dominate management.

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
Trafigura exits Angola power project linking hydropower to Congo, Zambia mines
BusinessHot News

Trafigura exits Angola power project linking hydropower to Congo, Zambia mines

Trafigura exits Angola's 2,000-MW power project linking hydropower to DRC and Zambia mines as regional electricity projects continue to advance.

Oluwatosin Alao Oluwatosin Alao
Eni invites companies to bid for major contracts in Mozambique energy projects
BusinessHot News

Eni invites companies to bid for major contracts in Mozambique energy projects

Eni urges Mozambique companies to improve competitiveness as LNG projects worth billions create new opportunities across the energy sector.

Oluwatosin Alao Oluwatosin Alao
BUA-Foods
BusinessHot News

BUA plans production expansion after declaring $366 million dividend

BUA Foods production expansion plans follow a $366 million dividend payout as the company targets bigger food manufacturing capacity.

Timilehin Adejumobi Timilehin Adejumobi
Glencore
BusinessHot News

Dutch court blocks Glencore’s bid to buy back logistics unit at discount      

Glencore Access World buyback deal blocked by Dutch court over valuation concerns and private sale process dispute.

Timilehin Adejumobi Timilehin Adejumobi
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