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Mohammed Dewji, Tanzanian billionaire & CEO MeTL Group

Tanzania billionaire Mohammed Dewji plans $250 million graphite processing plant

July 11, 2026

Abu Qir Fertilizers sheds $229.4 million in 4 months on EGX

July 11, 2026

Canadian miner Dynacor targets first Senegal gold pour in August

July 11, 2026

Egyptian billionaire Naguib Sawiris’ ORA Developers secures $80.6 million in funding

July 11, 2026

Abu Qir Fertilizers sheds $229.4 million in 4 months on EGX

Abu Qir Fertilizers sheds $229 million in market value in four months as investors weigh gas risks, currency volatility, and…

Feyisayo Ajayi July 11, 2026

Business Hot News

Renaissance Africa Energy makes major oil discovery in Nigeria’s OML 74

Renaissance Africa Energy confirms major OML 74 oil discovery in Nigeria, with JK-004 well revealing high-quality reservoirs and strong commercial…

Feyisayo Ajayi July 11, 2026

Business Hot News

Standard Bank wins renminbi clearing mandate, taps $300 billion Africa-China trade flows

Standard Bank gains renminbi clearing status, unlocking direct access to a $300 billion Africa-China trade corridor and boosting payment efficiency.

Feyisayo Ajayi July 11, 2026

Business Hot News

Gagan Gupta: Indian industrialist reshaping Africa’s business landscape

Gagan Gupta is reshaping Africa’s industrial landscape through integrated SEZs, boosting local manufacturing and value-added exports.

Feyisayo Ajayi July 10, 2026

Business Hot News

MCB expands sustainable finance facility to $531 million to drive green growth

MCB expands sustainable finance facility to MUR25 billion ($531 million), boosting green investments and supporting low-carbon growth across Mauritius and…

Feyisayo Ajayi July 10, 2026

Business Hot News

German billionaire Clemens Tönnies’ Namibia meat processing plan stalls amid supply, regulatory hurdles

German billionaire Clemens Tönnies’ Namibia meat processing plan stalled amid supply gaps, strict export rules, and entrenched industry players.

Feyisayo Ajayi July 10, 2026

Business Hot News

South Africa’s ARC defeats US firm in $194 million graphite dispute

ARC secures court win in $194M graphite dispute as South African judges rule it never signed contested confidentiality agreement.

Feyisayo Ajayi July 10, 2026

Business Hot News Luxury

Kenyan businesswoman Mary Wambui loses bid as Equity Bank moves to seize Glee Hotel over $70 million debt

Mary Wambui loses bid to stop Equity Bank’s Glee Hotel takeover as court backs lender in $70 million debt dispute,…

Feyisayo Ajayi July 10, 2026

Business Hot News

King Mswati III: Absolute monarch at the center of Eswatini’s corporate empire

King Mswati III anchors Eswatini’s corporate empire through Tibiyo, a sovereign fund dominating key sectors and shaping the kingdom’s economy.

Feyisayo Ajayi July 10, 2026

Business Hot News

Huatong Group to get $60 million IFC loan to expand cable manufacturing in Africa

IFC plans $60 million loan for Huatong to expand cable production in Tanzania and Cameroon, boosting Africa’s power infrastructure.

Feyisayo Ajayi July 10, 2026

Hot News Business

Rupert Bryant: Self-taught entrepreneur behind one of South Africa’s early internet success stories

Rupert Bryant, a self-taught entrepreneur, helped scale Webafrica into a leading South African ISP, shaping early internet infrastructure and growth.

Feyisayo Ajayi July 9, 2026

Business Hot News

Aspen chair Kuseni Dlamini to step down after December 2026 AGM

Aspen chair Kuseni Dlamini will step down after December 2026 AGM, marking a key board transition as Ben Kruger prepares…

Feyisayo Ajayi July 9, 2026

Business Hot News

Meet Faraj Jaffar: Heir leading Tanzania’s ASAS Group logistics, agriculture empire

Faraj Jaffar leads ASAS Group into a new era, building on a century-old Tanzanian empire spanning logistics, agriculture, energy, and…

Feyisayo Ajayi July 9, 2026

Business Billionaires Hot News

10 richest African families

Richest African families control $115 billion in combined wealth, spanning industries and shaping economies through powerful multigenerational dynasties.

Feyisayo Ajayi July 9, 2026

Trustco flags Meya Mining production delays

Business Hot News

Trustco flags delays at Meya Mining as diamond project faces production setback

Trustco warns of delays at Meya Mining as Sierra Leone diamond project stalls, with no revenue, rising liabilities and uncertain…

Feyisayo Ajayi July 9, 2026

Business Global News Hot News

Kemi Badenoch: Conservative leader rebuilding opposition with a bold pro-investment-first vision for Britain’s future

Kemi Badenoch reshapes UK politics with a pro-investment agenda, positioning Conservatives around growth, capital and long-term economic recovery.

Feyisayo Ajayi July 8, 2026

Business Hot News

Hammerson’s 2026 divestments hit $100 million at premium to book value

Hammerson’s 2026 divestments reach $100 million, achieving a premium to book value as the firm accelerates capital recycling into core…

Feyisayo Ajayi July 8, 2026

Business Hot News

Nigerian tycoon Julius Rone’s UTM Offshore clears hurdle for $5 billion gas project

Julius Rone's UTM Offshore secures 15-year gas deal, clearing key hurdle for $5 billion FLNG project and paving way for…

Feyisayo Ajayi July 8, 2026

Business Hot News

Tatu City ownership battle escalates as court ruling triggers $15 million fallout

Tatu City dispute deepens after court ruling, as minority investors pursue fresh arbitration to salvage stakes amid $15 million fallout.

Feyisayo Ajayi July 8, 2026

Centre Point, formerly known as the Famfa Oil Tower.

Exclusive Billionaires Luxury

How Nigeria’s richest woman built a $100 million Lagos tower without a bank loan

Positioned at the corner of Alfred Rewane (Kingsway) Road in Ikoyi, Centre Point commands attention through its distinctive architecture.

Omokolade Ajayi July 8, 2026

Hot News Tourism

Morocco’s Royal Mansour: 3 luxury hotels owned by Africa’s richest royal family

Morocco’s Alaouite dynasty wields vast economic power, owning luxury Royal Mansour hotels and key stakes in banking and mining sectors.

Exclusive Hot News

10 youngest African billionaires

Africa’s 10 youngest billionaires built empires in telecom, cement, energy and real estate, shaping industries and expanding influence across global markets.

Business News

Business Hot News

Tanzania billionaire Mohammed Dewji plans $250 million graphite processing plant

Tanzania graphite processing plant by Mohammed Dewji’s MeTL targets $250 million investment to produce battery-grade graphite.

Timilehin Adejumobi July 11, 2026

Business Hot News

Abu Qir Fertilizers sheds $229.4 million in 4 months on EGX

Abu Qir Fertilizers sheds $229 million in market value in four months as investors weigh gas risks, currency volatility, and global fertilizer prices.

Feyisayo Ajayi July 11, 2026

Business Hot News

Canadian miner Dynacor targets first Senegal gold pour in August

Dynacor’s Senegal gold project moves closer to first gold pour in August as the Canadian miner expands its West Africa operations.

Timilehin Adejumobi July 11, 2026

Business Hot News

Egyptian billionaire Naguib Sawiris’ ORA Developers secures $80.6 million in funding

ORA Developers Egypt financing secures $80.6 million to expand ZED ElSheikh Zayed luxury project in Cairo’s property market.

Timilehin Adejumobi July 11, 2026

Business Hot News

Renaissance Africa Energy makes major oil discovery in Nigeria’s OML 74

Renaissance Africa Energy confirms major OML 74 oil discovery in Nigeria, with JK-004 well revealing high-quality reservoirs and strong commercial potential.

Feyisayo Ajayi July 11, 2026