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
Alami Lazraq ADI stake loss
BusinessHot News

Moroccan real estate mogul Alami Lazraq faces $118 million loss as ADI shares slump

Moroccan tycoon Alami Lazraq loses $118.3 million as ADI shares fall, cutting his stake value below $550 million on Casablanca…

Feyisayo Ajayi Feyisayo Ajayi
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
Dunia Camp
ExclusiveLuxury

Dunia Camp: Africa’s first and only all-women-run safari lodge

Africa’s only all-women-run safari lodge blends quiet luxury, personal hospitality, and Serengeti wildlife in a deeply grounded setting.

Hyprop
BusinessHot News

Hyprop Investments projects close to 12% income growth in 2026

Hyprop Investments projects 12% 2026 income growth as Eastern Europe and South Africa drive gains.

Worker opersting at Seplat Energy's Oben OML 4
BusinessHot News

Nigeria’s Seplat Energy faces strike as output expansion plan advances

Seplat Energy confronts operational disruption from a strike, putting pressure on output targets and supply stability

Timilehin Adejumobi Timilehin Adejumobi
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
Nairobi park dispute grows as conservationists warn of forest loss
BusinessTourism

Dispute grows over development near Kenya’s Nairobi National Park

A dispute over new construction inside Nairobi National Park is drawing renewed attention to how Kenya manages its most sensitive conservation areas, as environmental groups and state officials clash over the future of the reserve.  The row comes at a time when Nairobi is expanding quickly, placing added pressure on land once set aside for wildlife. For many residents and…

Oluwatosin Alao Oluwatosin Alao
FMHL's Building
BusinessHot News

Zimbabwe’s FMHL targets Southern Africa expansion push 

FMHL accelerates regional push, targeting digital transformation and insurance market expansion in Southern Africa

Timilehin Adejumobi Timilehin Adejumobi
South Africa's IDC
BusinessHot News

South Africa’s IDC to convert Orion loan into equity stake

South Africa’s IDC backs Prieska mine with an equity move, streamlining funding and timelines.

Timilehin Adejumobi Timilehin Adejumobi
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
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