Egypt's Nawy
BusinessHot News

IFC to invest in Egypt’s Nawy as proptech platform expands

IFC is considering an equity investment in Egypt’s Nawy as the proptech platform expands its digital real estate ecosystem.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessHot News

Africa’s richest man, Aliko Dangote, eyes Botswana rail, cement push in $100 billion drive

The discussions in the capital, Gaborone, centered on heavy industry and transport, putting the continent’s wealthiest person in line to…

Omokolade Ajayi Omokolade Ajayi
Eko Pearl Towers in Eko Atlantic
LuxuryExclusiveHot News

What $1M buys in Africa: Lagos ranks as continent’s second-priciest land market

Only Cape Town proved pricier, with an equivalent outlay of $1 million securing roughly 329 square metres.

Omokolade Ajayi Omokolade Ajayi
Jabali Towers
LuxuryBusinessExclusive

Kenya’s newest skyscraper isn’t in Nairobi—and it’s already 80% sold

The proposed Jabali Towers, planned for the central business district of Tatu Central in Ruiru, envisions a twin-tower high-rise complex…

Omokolade Ajayi Omokolade Ajayi
Standard Bank Office
BusinessHot News

Standard Bank targets East Africa after $1.61 billion first-half earnings

Kenya, in particular, gives the lender a market where corporate banking, trade finance and cross-border transactions can support further expansion.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
BusinessHot News

UBA returns $312 million to investors as shares climb ahead of interim results

The increase lifted UBA's market capitalization to N2.03 trillion ($1.54 billion), from N1.68 trillion ($1.22 billion).

Omokolade Ajayi Omokolade Ajayi
Isaac Malevu
BusinessHot News

Industrial Development Corporation CFO Isaac Malevu to resign after nearly 6 years

Isaac Malevu will step down as IDC CFO and executive director on Nov. 30, 2026, after nearly six years with…

Feyisayo Ajayi Feyisayo Ajayi
3C Coding
BusinessHot NewsTechnology

Egypt’s 3C Coding School raises $3 million to expand into Saudi Arabia

Egyptian EdTech startup 3C Coding School raises $3 million to expand into Saudi Arabia and develop an AI-powered learning platform.

Feyisayo Ajayi Feyisayo Ajayi
Shadwan Wind Power project
BusinessHot News

Egypt’s 900MW Shadwan Wind Power project attracts $100 million IFC financing

Egypt’s 900MW Shadwan Wind Power project is set to receive up to $100 million in proposed IFC financing as construction…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

Cameroonian businessman Fabrice Siaka’s Sodinaf faces $6.5 million equipment dispute

Cameroonian businessman Fabrice Siaka’s Sodinaf faces a $6.47 million equipment ownership claim tied to its palm oil refining project in…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake hits $1.2 billion

Nigerian billionaire Tony Elumelu has seen his Seplat Energy holding surge to $1.2 billion, driven by rising crude production and…

Omokolade Ajayi Omokolade Ajayi
Pivot Integrated Energy Services Limited (Pivot), a leading indigenous integrated downstream energy company.
BusinessHot News

Pivot’s N100 Billion Commercial Paper Debut Oversubscribed in Landmark African Growth Push

The oversubscription gives Pivot additional funding for its operations in the trading, storage, distribution and supply of refined petroleum products…

Editorial Team Editorial Team
Jacqueline Benyi
BusinessHot News

Ghanaian executive, Jacqueline Benyi, named Group COO, Life, at Enterprise Group

Jacqueline Benyi becomes Enterprise Group’s Group COO, Life, after a decade leading Enterprise Life Ghana and a 25-year insurance career.

Feyisayo Ajayi Feyisayo Ajayi
Ex-Vodacom dealmaker Mamokete Ramathe
BusinessHot News

Ex-Vodacom dealmaker Mamokete Ramathe leads Mamor Capital to $18.8 million raise

The milestone follows more than three years of fundraising and puts the Johannesburg-based firm more than halfway toward its final…

Omokolade Ajayi Omokolade Ajayi
Management of WIOCC, AFC and Vision Invest, at the LEAP 2026 Global Technology exhibition in Riyadh
TechnologyBusinessHot News

Why a $300 million bet on African data centers matters right now

The deal puts a combined $300 million of fresh capital into WIOCC, targeting the severe shortfall in computing power, storage,…

Omokolade Ajayi Omokolade Ajayi
RCL Foods Limited
BusinessHot News

Cheap sugar imports hit Johann Rupert-backed RCL Foods as profit drops 47% to $47.5 million

The downturn prompted the board to slash its total annual dividend by 33.3 percent.

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
BusinessHot News

Dangote Refinery boosts Nigeria’s refining sector to 44% growth in second quarter

Data released by the National Bureau of Statistics showed the country’s oil refining sector grew 43.94 percent year-on-year in the…

Omokolade Ajayi Omokolade Ajayi
Sea Harvest Ladismith Cheese sale delay
BusinessHot News

South African businessman Fred Robertson’s Sea Harvest posts $20 million H1 2026 profit

Sea Harvest, chaired by Fred Robertson, reports a $20 million H1 2026 profit as pricing and cost controls offset weaker…

Feyisayo Ajayi Feyisayo Ajayi
Mamy Ravatomanga
BusinessHot News

Malagasy businessman Mamy Ravatomanga and $163 million money laundering saga

Malagasy businessman Mamy Ravatomanga remains in Mauritius custody as authorities investigate an alleged $163 million money laundering case.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria
Hot NewsBusiness

MTN Nigeria’s expenses hit $989.4 million amid $519 million profit in H1 2026

MTN Nigeria’s expenses rose to N1.32 trillion in H1 2026, while revenue climbed 25.9% and profit after tax surged 70.6%.

Feyisayo Ajayi Feyisayo Ajayi
Lagos-based lender Wema Bank Plc.
Hot NewsBusiness

Wema Bank’s Q1 2026 profit rises to $46.4 million on stronger lending income

Wema Bank's profit after tax rose to $46.4 million in Q1 2026, driven by a surge in net interest income and continued retail and corporate loan growth across Nigeria.

Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Dangote Refinery expansion to add 95,000 jobs at peak

Dangote says refinery expansion to 1.4m bpd will employ 95,000 skilled workers at peak construction in Nigeria

Egypt's Nawy
BusinessHot News

IFC to invest in Egypt’s Nawy as proptech platform expands

IFC is considering an equity investment in Egypt’s Nawy as the proptech platform expands its digital real estate ecosystem.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessHot News

Africa’s richest man, Aliko Dangote, eyes Botswana rail, cement push in $100 billion drive

Aliko Dangote held talks with Botswana on rail and cement projects to support Dangote Group’s push toward $100 billion in revenue.

Omokolade Ajayi Omokolade Ajayi
Renaprov pushes ahead with BVMAC listing after $1.94 million raise
BusinessHot News

Renaprov pushes ahead with BVMAC listing after $1.94 million raise

Renaprov pushes ahead with its BVMAC listing after rejection, despite raising $1.94 million from investors, just 13% of its target.

Oluwatosin Alao Oluwatosin Alao
Jabali Towers
LuxuryBusinessExclusive

Kenya’s newest skyscraper isn’t in Nairobi—and it’s already 80% sold

Kiambu is set to host Kenya’s tallest building outside Nairobi as Tatu City advances plans for the $55 million Jabali Towers.

Omokolade Ajayi Omokolade Ajayi
Standard Bank Office
BusinessHot News

Standard Bank targets East Africa after $1.61 billion first-half earnings

Standard Bank is targeting deeper growth in East Africa after reporting $1.61 billion in first-half earnings, as Absa and Nedbank expand in Kenya.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
BusinessHot News

UBA returns $312 million to investors as shares climb ahead of interim results

UBA has added $312 million to investor wealth in two months as its shares climbed 25.47 percent on the Nigerian Exchange ahead of its interim results.

Omokolade Ajayi Omokolade Ajayi
Show More