Nairobi Gigiri hotel investment
BusinessHot News

Nairobi’s Gigiri attracts $8.4 million hotel investment amid diplomatic demand

Private investor plans $8.4 million, 185-suite hotel in Nairobi’s Gigiri, targeting diplomatic, corporate, and expatriate demand growth.

Feyisayo Ajayi Feyisayo Ajayi
Growthpoint Properties CEO salary
BusinessHot News

Growthpoint CEO Norbert Sasse pockets $1.9 million salary in 2025

Growthpoint CEO Norbert Sasse earns $1.85 million in 2025, up 14.5%, ahead of his planned June 2026 retirement.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya fuel executives resign as state probes fuel scarcity, supply chain issues

The resignations follow accusations that fuel stock data was deliberately manipulated to justify an emergency import of petroleum at inflated…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria capitalizes on $100 per barrel oil as production hits 1.84 million bpd

Output rose about 40.5 percent to 1.84 million barrels per day, up from 1.31 million barrels per day in February.

Omokolade Ajayi Omokolade Ajayi
Giovanni Ravazzotti Italtile stake
BusinessHot News

Giovanni Ravazzotti loses $22 million as Italtile shares slide on JSE

Giovanni Ravazzotti’s Italtile stake drops $22 million in 2026 as weak demand and market pressures weigh on shares.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egypt raises electricity prices as energy costs surge

In a statement, the electricity ministry said households consuming up to 2,000 kilowatt-hours a month will see no change.

Omokolade Ajayi Omokolade Ajayi
Metair Investments Limited
BusinessHot News

South Africa’s Metair awards over $1.2 million shares to executives under 2009 share plan

Metair awards $1.2 million in performance shares to executives, aligning incentives with long-term growth and shareholder value creation.

Feyisayo Ajayi Feyisayo Ajayi
Botselo Shoprite maize partnership
BusinessHot News

Botselo Mills partners Shoprite to bolster South Africa’s maize supply chains

Botselo Mills partners Shoprite to scale maize supply nationwide, boosting food access, distribution efficiency and South Africa’s supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Adeyemi Adefarakan Wema stake is 200 million
BusinessHot News

Meet Nigerian financier Adeyemi Adefarakan linked to over $200 million stake

The holding has expanded significantly from 3.66 billion shares at the end of 2024, pointing to sustained accumulation.

Feyisayo Ajayi Feyisayo Ajayi
Africa richest billionaires 2026
BillionairesHot News

Africa’s top five billionaires worth more than $10 billion

Africa’s $10 billion titans, five richest men, surpassing $90 billion in combined wealth, shaping industries, driving growth and influencing global…

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank share awards
BusinessHot News

Standard Bank’s Sim Tshabalala, top brass, unlock over $9 million in share awards

Standard Bank executives unlock $9.4 million in share awards as performance-linked incentives vest under long-term compensation plans.

Feyisayo Ajayi Feyisayo Ajayi
Kenya’s largest fast-food chain, Java House, linked to Aliko Dangote, expands its presence with new outlets across East Africa.
BusinessHot News

Kenya’s largest fast-food chain linked to Aliko Dangote grows to 105 outlets

It reflects Java House’s strategy of opening outlets in neighborhoods shaped by new roads, railways, and housing developments.

Omokolade Ajayi Omokolade Ajayi
ER Group East Africa expansion
BusinessHot News

Mauritian group ER Group sets up Nairobi office, launches $21 million East Africa fund

ER Group opens Nairobi office, launches $21.3 million fund to accelerate East Africa expansion and boost international revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
BUA Cement tax 2025
BusinessHot News

Nigeria’s BUA Cement pays $79 million in taxes in 2025

BUA Cement pays $79 million in 2025 taxes as profit jumps 382%, driven by revenue growth, cost discipline, and reduced…

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria stock analysis
BusinessHot News

MTN Nigeria’s rally draws valuation concerns as recovery trade peaks

MTN Nigeria rebounds from historic loss, posting record 2025 profit, raising questions on late-cycle valuations.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

UN urges Africa to borrow, boost revenue to fund AI infrastructure gap

These funding sources, the report added, could help governments accelerate investments in data infrastructure and energy generation, two areas it…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

AXIAN Energy secures $97 million financing for 60MW solar project in Senegal

AXIAN Energy secures $97 million to build a 60MW solar plant in Senegal, boosting electricity access and strengthening grid stability.

Feyisayo Ajayi Feyisayo Ajayi
Victor Abimbola Olaiya
BusinessHot News

Nigerian clergyman Victor Abimbola Olaiya’s NAHCO stake surges to $23 million

Nigerian cleric Victor Abimbola Olaiya’s NAHCO stake surges $10 million to $23 million on strong Nigerian Exchange rally.

Feyisayo Ajayi Feyisayo Ajayi
Addoha developer report 2025
BusinessHot News

Moroccan developer Addoha posts $55 million profit on strategy shift

Addoha posts $55 million profit as net income jumps 70%, signaling stronger execution and a shift to value-driven growth.

Feyisayo Ajayi Feyisayo Ajayi
MCB climate financing Africa
BusinessHot News

MCB secures $100 million climate financing facility to drive green growth in Africa

MCB secures $100 million, 10-year climate facility to fund renewable energy and resilience projects across Africa, deepening its green finance…

Feyisayo Ajayi Feyisayo Ajayi
African airlines in liquidation
Hot NewsTourism

10 Africa’s airlines in liquidation

Africa’s aviation sector has suffered repeated airline collapses, driven by debt, mismanagement, high costs and weak regulation.

BusinessHot News

Nigerian billionaire Tony Elumelu backs African entrepreneurs with $100 million over 15 years

Nigerian billionaire Tony Elumelu has invested over $100 million in African startups over 15 years, supporting 24,000 entrepreneurs.

Nairobi Gigiri hotel investment
BusinessHot News

Nairobi’s Gigiri attracts $8.4 million hotel investment amid diplomatic demand

Private investor plans $8.4 million, 185-suite hotel in Nairobi’s Gigiri, targeting diplomatic, corporate, and expatriate demand growth.

Feyisayo Ajayi Feyisayo Ajayi
Equatorial Guinea plans subsea cable to boost internet reliability
BusinessTechnology

Equatorial Guinea plans subsea cable to boost internet reliability 

Equatorial Guinea eyes Medusa subsea cable to boost internet speed, expand capacity and cut data costs by 2030 under new infrastructure plan.

Timilehin Adejumobi Timilehin Adejumobi
Somalia starts offshore oil drilling with Turkey, eyes jobs, growth
BusinessTechnology

Somalia prepares for historic first offshore oil drilling

Somalia is preparing to embark on a historic step in its energy sector with its first-ever offshore oil drilling campaign. A Turkish government-owned drilling vessel, Çağrı Bey, is expected to arrive off the Somali coast in the Arabian Sea this Friday. Officials say the project could mark a transformative moment for the country’s economy and energy development.  The move follows…

Oluwatosin Alao Oluwatosin Alao
Egypt, Jordan boost SME ties to grow trade, investment, exports
BusinessTechnology

Egypt, Jordan boost SME support, deepen trade ties across region

Egypt and Jordan are stepping up efforts to support small businesses and expand trade, as both countries look to open new channels for investment and strengthen economic links across the region.  The push brings together two key institutions — Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) and the Jordan Enterprise Development Corporation (JEDCO) — at a time when…

Oluwatosin Alao Oluwatosin Alao
Growthpoint Properties CEO salary
BusinessHot News

Growthpoint CEO Norbert Sasse pockets $1.9 million salary in 2025

Growthpoint CEO Norbert Sasse earns $1.85 million in 2025, up 14.5%, ahead of his planned June 2026 retirement.

Feyisayo Ajayi Feyisayo Ajayi
Vodacom Tanzania head office
BusinessTechnology

Vodacom Tanzania invests $28 million in Kenya digital payments upgrade    

Vodacom Tanzania invests $28 million to upgrade M-Pesa, boosting security, reliability, and digital payments across East Africa.

Timilehin Adejumobi Timilehin Adejumobi
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