Flutterwave logo representing Africa’s most valuable tech unicorn.
BusinessHot NewsTechnology

Flutterwave, gains Nigerian banking license as lifetime payments top $50 billion

The license, obtained through Flutterwave’s acquisition of Mono in January, allows the fintech to hold customer deposits and issue loans…

Omokolade Ajayi Omokolade Ajayi
MTN mobile money separation Ghana
BusinessHot News

MTN completes mobile money separation in Ghana, advances fintech strategy

MTN completes Ghana mobile money separation, meeting regulations and advancing fintech growth strategy across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Rose Ada Okwechime investments
BusinessHot News

Rose Ada Okwechime takes lead in Nigeria’s mortgage sector with $10.3 million stake in Abbey Mortgage Bank

Nigerian mortgage pioneer Rose Ada Okwechime holds $10.3 million stake in Madonna Ashib, shaping Nigeria’s mortgage and financial services sector.

Feyisayo Ajayi Feyisayo Ajayi
Khalifa Rabiu with $271 million BUA Foods stake, steps into Nigeria’s wealthy ranks.
BusinessExclusiveHot News

Abdul Samad Rabiu’s son, Khalifa, to receive $9.6 million from BUA Foods

Khalifa Rabiu holds 473,628,201 ordinary shares, representing a 2.63 percent stake in the company.

Omokolade Ajayi Omokolade Ajayi
Adebayo Ogunlesi, Nigerian billionaire and co-founder of Global Infrastructure Partners.
Hot NewsTechnology

OpenAI hits $852 billion a year after Nigeria’s Adebayo Ogunlesi joins board

Since Ogunlesi joined the board in 2025, OpenAI has expanded, raising capital, acquiring startups and committing billions to computing infrastructure.

Omokolade Ajayi Omokolade Ajayi
Exxaro Eskom coal supply deal
BusinessHot News

Exxaro secures long-term coal supply deal with Eskom for Matla Colliery till 2043

Exxaro signs long-term coal deal with Eskom, securing Matla Colliery supply to 2043 and strengthening South Africa’s energy stability.

Feyisayo Ajayi Feyisayo Ajayi
Africa private safari reserves
BusinessHot News

10 top private reserves in Africa offering exclusive Safari experiences

Africa’s top private reserves redefine luxury safaris, blending exclusivity, conservation impact, and intimate wildlife experiences.

Feyisayo Ajayi Feyisayo Ajayi
IFC FirstRand agri-MSME bond
BusinessHot News

IFC backs FirstRand’s $95 million bond to fund South Africa’s agri-SMEs

IFC anchors FirstRand’s $95 million bond to boost South Africa’s agri-MSMEs, linking investor returns to environmental outcomes.

Feyisayo Ajayi Feyisayo Ajayi
Coca-Cola headquarters.
BusinessHot News

Coca-Cola expands South African operations with $1 billion investment plan

The move underscores South Africa’s enduring importance to Coca-Cola, which first began bottling locally in 1928.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Fuel costs jump across Africa as governments rush to shield households

The closure of the shipping corridor pushed oil benchmarks higher and revived concern about inflation.

Omokolade Ajayi Omokolade Ajayi
LAPO IFC $10 million MSME lending
BusinessHot News

Nigeria’s LAPO gets $10 million IFC loan to expand MSME lending

IFC plans $10 million loan to LAPO MFB to expand MSME lending, boost digital finance, and deepen financial inclusion across…

Feyisayo Ajayi Feyisayo Ajayi
TGCC profit 2025
Business

Moroccan Mohammed Bouzoubaa’s construction group posts $95 million profit in 2025

TGCC posts $95.2 million profit in 2025, up 82.4%, driven by strong execution, rising backlog and disciplined balance sheet management.

Feyisayo Ajayi Feyisayo Ajayi
Irele Tower opens in Lagos.
BusinessHot News

Irele Tower opens in Lagos, expands Nigeria’s green office space

With Irele Tower, the Lagos Free Trade Zone broadens its footprint and reinforces the adoption of sustainable building standards in…

Omokolade Ajayi Omokolade Ajayi
Natie Kirsh, Eswatini and South African billionaire and majority owner of Jetro Holdings.
BillionairesBusinessHot News

South African billionaire Natie Kirsh enters top 200 richest after $29 billion sale

The transaction positions Kirsh as the 191st richest person globally. He ranks just below South African luxury magnate Johann Rupert,…

Omokolade Ajayi Omokolade Ajayi
Kenyan businessman Suresh Bhagwanji Shah, non-executive director of I&M Group.
BusinessHot News

Kenyan businessman Suresh Bhagwanji Shah set for Ksh394 million payout from I&M Group profits

Shah, a founding member and non-executive director of Nairobi-based I&M Group, owns 10.58 percent of the group, representing 174,947,573 shares.

Omokolade Ajayi Omokolade Ajayi
Ghana local pasta production
BusinessHot News

Olam Agri unveils Ghana’s first local pasta brand with $40 million factory

Olam Agri launches Ghana’s first fully local pasta brand, boosting domestic production, cutting imports, and strengthening food security.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Ghana says it will favor local buyers as Ibrahim Mahama bids for Damang gold mine

The government has now launched a tender process, with offers due this week.

Omokolade Ajayi Omokolade Ajayi
Seinde Fadeni NAHCO stake
BusinessHot News

Meet Seinde Oladapo Fadeni: Nigerian businessman with $68 million NAHCO stake

Seinde Fadeni holds a $68 million NAHCO stake, combining board leadership and ownership to shape strategy in Nigeria’s aviation services…

Feyisayo Ajayi Feyisayo Ajayi
Logo of Guaranty Trust Holding Company Plc (GTCO), Nigerian financial services provider.
BusinessHot News

Nigeria’s GTCO posts $625 million profit in 2025; customer deposits reach $9 billion

The results reflected higher operating costs and a notable loss on financial instruments compared with the previous year.

Omokolade Ajayi Omokolade Ajayi
Britam profit 2025
BusinessHot News

Kenya’s Britam profit hits $42.6 million in 2025 on strong investment income

Britam profit rises to $42.6 million in 2025 as investment income offsets claims pressure, strengthening capital and growth outlook.

Feyisayo Ajayi Feyisayo Ajayi
Free university education Namibia
ExclusiveHot News

How Namibia’s free university education challenges Africa

Namibia launches free university education in 2026, boosting youth skills, human capital, and long-term economic growth.

BusinessHot News

Transcorp Power revenue tops $290 million in 2025, backing Nigeria’s power push

Transcorp Power posts $290 million revenue in 2025, boosting output and supporting Nigeria’s power sector growth.

Liquid Telecoms
BusinessTechnology

Zimbabwean billionaire Strive Masiyiwa’s Liquid Intelligent prices $300 million notes for Africa expansion

Zimbabwean billionaire Strive Masiyiwa’s Liquid Intelligent raises $300 million to refinance debt and expand digital connectivity across Africa

Timilehin Adejumobi Timilehin Adejumobi
SpaceX nears $1.75 trillion IPO as AI surge boosts tech valuations
BusinessTechnology

Elon Musk’s SpaceX nears $1.75 trillion IPO as AI boom lifts markets

Elon Musk’s SpaceX is preparing for what could be the largest public offering in history. The aerospace and space technology company has confidentially filed for an initial public offering that could value it at more than $ 1.75 trillion. The move comes amid a surge in artificial intelligence, which has lifted tech valuations and renewed investor interest in companies combining…

Oluwatosin Alao Oluwatosin Alao
equity-group-center-building-nairobi-kenya
BusinessHot News

Equity Group boosts Tanzanian subsidiary with $19.8 million capital injection

Equity Group commits $19.8 million to its Tanzanian subsidiary, strengthening its balance sheet and expanding lending capacity

Timilehin Adejumobi Timilehin Adejumobi
Flutterwave logo representing Africa’s most valuable tech unicorn.
BusinessHot NewsTechnology

Flutterwave, gains Nigerian banking license as lifetime payments top $50 billion

Flutterwave secures banking license after surpassing $50 billion in lifetime payments, marking a major shift into lending and deposits across Africa.

Omokolade Ajayi Omokolade Ajayi
MTN mobile money separation Ghana
BusinessHot News

MTN completes mobile money separation in Ghana, advances fintech strategy

MTN completes Ghana mobile money separation, meeting regulations and advancing fintech growth strategy across Africa.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian lender FCMB, state government provide $1.1 million to support youth farmers

FCMB, Oyo State fund 1,000 youth agripreneurs with $1.1 million to boost agribusiness and create scalable enterprises.

Omokolade Ajayi Omokolade Ajayi
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