SAHCO dividend payout 2025
BusinessHot News

Nigerian business tycoon Taiwo Afolabi to pocket N986.9 million from SAHCO Plc

Nigerian tycoon Taiwo Afolabi will receive N986.85 million dividend from SAHCO Plc for FY2025 after strong earnings growth, report shows…

Feyisayo Ajayi Feyisayo Ajayi
AttBid RMB Holdings takeover
BusinessHot News

South African Van der Walt brothers’ AttBid buys extra 5 million shares amid RMH takeover push

AttBid raises RMB Holdings stake near 43% after buying 5.13 million shares, accelerating takeover bid and control push of the…

Feyisayo Ajayi Feyisayo Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
BusinessExclusiveHot News

South African executive Sim Tshabalala earned $6.4 million from Standard Bank in 2025

The figure marks an increase from R89.2 million ($5.4 million) in 2024 and reflects a higher share of performance-based awards…

Omokolade Ajayi Omokolade Ajayi
Capitec Bank
BusinessHot News

Capitec’s market cap tops $30 billion, regains title as Africa’s most valuable bank

The South African lender, known for its large retail customer base, overtook FirstRand to regain its position as the continent’s…

Omokolade Ajayi Omokolade Ajayi
Sirius Real Estate rent growth
BusinessHot News

South Africa’s Sirius Real Estate posts 6.4% rent growth as $542 million acquisitions drive expansion

Sirius Real Estate reports 6.4% rent growth, driven by acquisitions and strong leasing demand across Germany and the U.K.

Feyisayo Ajayi Feyisayo Ajayi
Michael Ade-Ojo Custodian dividend payout
BusinessHot News

Nigerian auto magnate Michael Ade-Ojo to pocket $1.9 million from Custodian Investment

Michael Ade-Ojo set for $1.9 million payout as Custodian Investment boosts dividend on strong 2025 earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Sasini avocado plant sale
BusinessHot News

Kenya’s Sasini Plc moves to sell Nairobi avocado plant amid strategy shift

Sasini Plc plans to sell its Nairobi avocado plant after returning to profit, signaling a strategic shift in its horticulture…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian banker Segun Agbaje, CEO of GTCO.
BusinessHot News

Nigerian banker Segun Agbaje to pocket N490 million from GTCO

The payout follows GTCO’s final dividend recommendation for the 2025 financial year, reflecting Agbaje’s continued interest in one of Nigeria’s…

Omokolade Ajayi Omokolade Ajayi
Pearl of Africa Hotel debt crisis
BusinessHot NewsLuxury

Why Ugandan businessman Mohammed Hamid’s $300 million Pearl of Africa Hotel is still in debt crisis

Ugandan businessman Mohammed Hamid risks losing his $300 million hotel as $160 million debt pushes it toward possible auction.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake tops $800 million as shares climb

The gain follows a deal completed at the end of 2025 that positioned him as the largest shareholder in the…

Omokolade Ajayi Omokolade Ajayi
Sam Jonah investment strategy
BusinessHot News

Ghana’s Sam Jonah: From Ashanti Goldfields CEO to investment mogul

Sam Jonah rose from miner to Ashanti CEO, building a gold giant and later a pan-African investment empire.

Feyisayo Ajayi Feyisayo Ajayi
Unifreight Africa trailer, part of the company’s logistics operations.
BusinessHot News

Zimbabwe’s Unifreight Africa plans capacity expansion amid tobacco surge

The increase is expected to be supported by efforts to improve efficiency and expand operations, including a planned acquisition of…

Omokolade Ajayi Omokolade Ajayi
Kenya Airways airline operations during 2025 financial results period.
BusinessHot News

After $132 million loss, Kenya Airways’ bailout hopes fade under tighter rules

The Kenya Civil Aviation Authority has introduced stricter conditions for state support, including debt guarantees and bailouts.

Omokolade Ajayi Omokolade Ajayi
Funeka Montjane salary Standard Bank
BusinessHot News

South African CEO Funeka Montjane pockets $4.2-million from Standard Bank in 2025

Standard Bank’s Funeka Montjane earned $4.2 million in 2025 as PPB drove growth, boosting clients, earnings and group profitability.

Feyisayo Ajayi Feyisayo Ajayi
Nigeria crude export strategy
BusinessHot News

Nigeria’s debut of Cawthorne crude export exposes tension between NNPCL, Dangote refining model

Nigeria’s first Cawthorne crude export to Europe exposes tension between export strategy and Dangote-led domestic refining ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Sunu Bank court ruling Senegal
BusinessHot News

Senegal’s Sunu Bank wins legal battle as Dakar court orders Pharmacie Royale to pay $275,000

Sunu Bank wins Dakar court ruling, securing $275,000 payment as it strengthens credit enforcement and post-acquisition risk controls.

Feyisayo Ajayi Feyisayo Ajayi
Founders of Refiant AI, including Viroshan Naicker, Siddharth Gutta, and Mathew Haswell, leading the South African AI startup focused on efficiency.
Hot NewsTechnology

South African AI startup Refiant raises $5 million to cut AI energy and data costs

Refiant said the funding will be used to expand its engineering team, build out its platform, and deepen partnerships with…

Omokolade Ajayi Omokolade Ajayi
DRC $1.25 billion eurobond
BusinessHot News

DRC’s Rawbank leads $1.25 billion debut eurobond, opening global capital markets access

DRC raises $1.25 billion eurobond, unlocking global funding to boost infrastructure, jobs, and long-term economic growth.

Feyisayo Ajayi Feyisayo Ajayi
Sello Moloko builds multimillion-dollar empire
BusinessHot News

Meet Sello Moloko, the dealmaker behind a multi-million dollar African investment empire

South African banker and investor Sello Moloko built a multimillion-dollar investment empire spanning banking, infrastructure and energy across Africa.

Feyisayo Ajayi Feyisayo Ajayi
IFC loan OCP sustainable fertilizer waste
BusinessHot News

IFC plans $111.3 million loan to OCP for fertilizer waste project in Morocco

IFC weighs $111.3 million loan to Morocco’s OCP to fund sustainable phosphogypsum storage and cut fertilizer waste risks.

Feyisayo Ajayi Feyisayo Ajayi
Dipula Properties investment
BusinessHot News

Dipula Protea Gardens Mall Soweto deal boosts long-term value

Dipula’s $30 million Protea Gardens Mall deal boosts income stability, rental growth, and portfolio defensiveness in Soweto’s retail market.

African-owned electric companies
BusinessHot News

7 leading African-owned electric companies powering the continent

African-owned electric companies are reshaping power generation, manufacturing and distribution, driving energy access, jobs and capital retention across the continent.

Hyde -johannesburg-rosebank (Headliner suite)
BusinessLuxury

Hyde Johannesburg blends boho style with skyline views

Hyde Johannesburg opens in Rosebank, blending boho design, skyline views, coworking spaces and award-winning dining at The Bank.

Timilehin Adejumobi Timilehin Adejumobi
Waterfall City unveils $45 million hotel, conference expansion in Johannesburg
BusinessTourism

Waterfall City project: $45 million hotel, conference expansion in Africa

Attacq Waterfall Investment Company and Rabie Property Group have committed $45 million to expand Waterfall City with a new conference centre and hotel, strengthening Johannesburg’s role in Africa’s business tourism and meetings industry. The project adds fresh capacity to a market that has seen rising demand for large corporate gatherings and international conventions.  The development reflects a broader shift in…

Oluwatosin Alao Oluwatosin Alao
SAHCO dividend payout 2025
BusinessHot News

Nigerian business tycoon Taiwo Afolabi to pocket N986.9 million from SAHCO Plc

Nigerian tycoon Taiwo Afolabi will receive N986.85 million dividend from SAHCO Plc for FY2025 after strong earnings growth, report shows today

Feyisayo Ajayi Feyisayo Ajayi
AttBid RMB Holdings takeover
BusinessHot News

South African Van der Walt brothers’ AttBid buys extra 5 million shares amid RMH takeover push

AttBid raises RMB Holdings stake near 43% after buying 5.13 million shares, accelerating takeover bid and control push of the JSE-listed firm.

Feyisayo Ajayi Feyisayo Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
BusinessExclusiveHot News

South African executive Sim Tshabalala earned $6.4 million from Standard Bank in 2025

Standard Bank CEO Sim Tshabalala earned $6.4 million in 2025 as profit rose to $3.43 billion and dividends increased.

Omokolade Ajayi Omokolade 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.

Timilehin Adejumobi Timilehin Adejumobi
Show More