Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
BusinessHot NewsTechnology

Axian Telecom’s Oracle deal begins rollout as Yas moves to unify operations across Africa

The cloud-based deployment, developed in partnership with Oracle, will cover Yas and affiliated businesses including TowerCo of Africa, MVola, Mixx,…

Omokolade Ajayi Omokolade Ajayi
Kenya infrastructure investment fund
BusinessHot News

Spearhead Africa, led by Ngatia Kirungie, set for $27 million fund debut on Nairobi bourse

Nairobi Securities Exchange plans to list Spearhead Africa Infrastructure Fund, a $27 million vehicle unlocking capital for Kenya projects drive.

Feyisayo Ajayi Feyisayo Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

Kenya’s DTB reports strongest quarterly profit at $24.6 million in Q1 2026

Profit growth, however, was tempered by a sharp rise in loan loss provisions, which climbed 152 percent to KSh2.23 billion…

Omokolade Ajayi Omokolade Ajayi
Oando Plc, an indigenous African integrated energy company.
BusinessHot News

Oando nears $500 million market cap on rising oil revenue outlook

To support expansion and future acquisitions, Oando is also preparing a capital raise of up to $750 million over the…

Omokolade Ajayi Omokolade Ajayi
Naivas supermarket exterior featuring storefront branding, customer entrance, and modern retail expansion in Kenya.
BusinessHot News

Naivas expands retail network to 114 stores nationwide in Kenya as expansion continues

The latest openings lift the chain from 112 stores at the end of 2025, when it launched its Mihango branch…

Omokolade Ajayi Omokolade Ajayi
RMH takeover AttBid approval
BusinessHot News

South African Van der Walt brothers’ AttBid secures final approvals for $34 million RMH takeover

South Africa’s AttBid has secured final approvals to acquire RMH shares, making its mandatory offer unconditional and nearing completion now

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessGlobal NewsHot News

Africa’s richest man, Aliko Dangote, targets $250 billion valuation on $45 billion expansion plan

He described the $45 billion expansion as a groupwide funding push that would support new projects while strengthening existing industrial…

Omokolade Ajayi Omokolade Ajayi
IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.
BusinessGlobal NewsHot News

IBL Group, Mauritius’ largest conglomerate, posts $2 billion nine-month revenue

IBL attributed the improvement to broader consolidation of recently acquired businesses and stable performance across its overseas subsidiaries.

Omokolade Ajayi Omokolade Ajayi
Elsewedy Electric dividend payout
BillionairesBusinessHot News

El-Sewedy family set for $58 million dividend from Elsewedy Electric

Egyptian El-Sewedy family set for $58.3 million payout as Elsewedy Electric boosts dividend after $361 million profit in 2025.

Feyisayo Ajayi Feyisayo Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
BillionairesBusinessHot News

South African executive Gary Nagle takes $7.4 million pay from Glencore in 2025

The payout reflects a year in which the London-listed mining and commodity giant returned to profit, expanded revenue, and increased…

Omokolade Ajayi Omokolade Ajayi
Orascom desalination joint venture
BusinessHot News

Orascom Construction-led JV targets 300,000 m³/day desalination projects across Gulf, Africa

Orascom Construction-led JV targets large desalination projects across Gulf and Africa, advancing 300,000 m³/day flagship plant.

Feyisayo Ajayi Feyisayo Ajayi
Fawry acquisitions Egypt
BusinessHot News

Egypt’s Fawry targets fintech acquisitions worth $2.4 million

Fawry is in talks to acquire $2.4 million tech firms to expand its fintech ecosystem and strengthen Egypt payments infrastructure…

Feyisayo Ajayi Feyisayo Ajayi
MTN CEO Pay 2025
BusinessHot News

MTN Group CEO Ralph Mupita takes $6 million pay in 2025

MTN Group CEO Ralph Mupita's pay rose 53% to nearly $6 million in 2025 as profit rebounded to $2.8 billion…

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend 2025
BillionairesBusinessHot News

Nigerian oil tycoon Mohammed Indimi set to earn $1 million dividend in 2025

Oil tycoon Mohammed Indimi to bag $1.05 million dividend from Jaiz Bank in 2025 after strong earnings and rising shareholder…

Feyisayo Ajayi Feyisayo Ajayi
Dangote Ethiopia fertiliser expansion
BillionairesBusinessHot News

Africa’s richest man, Aliko Dangote, expands Ethiopia fertiliser bet to over $4 billion

Dangote raises Ethiopia fertiliser investment above $4 billion, expanding integrated agro-industrial production infrastructure project.

Feyisayo Ajayi Feyisayo Ajayi
Safaricom 25-year licence Kenya
BusinessHot News

Safaricom’s licence costs rose to $127 million after securing a 25-year permit in Kenya

Safaricom pays $127 million for 25-year licence, boosting regulatory certainty and supporting long-term telecom, broadband and fintech growth.

Feyisayo Ajayi Feyisayo Ajayi
Accelerate Bosveld Mall sale cancellation
BusinessHot News

South Africa’s Accelerate cancels $4.8 million Bosveld Mall sale after buyer withdrawal

Accelerate cancels $4.8 million Bosveld Mall sale after buyer withdraws, weighing legal action and restarting search for new investors.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu
BusinessExclusiveHot News

Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

Elumelu argued that Africa’s transformation hinges on two foundational investments — electricity and infrastructure — and that private capital must…

Editorial Team Editorial Team
Credit Bank loan recovery Kenya
BusinessHot News

Kenya’s Credit Bank wins bid to sell properties tied to Mui Basin coal project

Kenya’s Credit Bank wins court approval to recover Ksh80 million ($618,529) from Mui Basin coal investors through sale of Uthiru…

Feyisayo Ajayi Feyisayo Ajayi
Biggest farms Egypt
BusinessHot News

10 biggest farms in Egypt

Egypt’s largest farms span desert reclamation and Nile corridors, boosting food security, exports and agribusiness growth nationwide today.

Feyisayo Ajayi Feyisayo Ajayi
G20 Summit, Johannesburg, South Africa
BusinessTechnology

UAE pledges $1 billion to power Africa’s artificial intelligence future

UAE commits $1 billion to strengthen Africa’s digital AI landscape.

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

Its latest round, which increased from the $110 billion figure announced in February, drew backing from major technology and investment firms.

Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
BusinessHot NewsTechnology

Axian Telecom’s Oracle deal begins rollout as Yas moves to unify operations across Africa

Axian Telecom rolls out Oracle ERP as Yas unifies operations across Africa, integrating finance, supply chain and digital systems.

Omokolade Ajayi Omokolade Ajayi
Kenya infrastructure investment fund
BusinessHot News

Spearhead Africa, led by Ngatia Kirungie, set for $27 million fund debut on Nairobi bourse

Nairobi Securities Exchange plans to list Spearhead Africa Infrastructure Fund, a $27 million vehicle unlocking capital for Kenya projects drive.

Feyisayo Ajayi Feyisayo Ajayi
Giflo Property Developers, Som Group to build $35 million Cape Town office hub
BusinessTourism

Giflo Property Developers, Som Group to build $35 million Cape Town office hub

Cape Town’s northern suburbs are set for a new wave of commercial expansion as Giflo Property Developers and Som Group move ahead with a $35 million joint venture to build the CapeGate Office Precinct in Brackenfell. The 50/50 partnership reflects rising demand for modern office space closer to where people live, as companies reassess long-standing ties to the Cape Town…

Oluwatosin Alao Oluwatosin Alao
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

Kenya’s DTB reports strongest quarterly profit at $24.6 million in Q1 2026

DTB Group profit rises to $24.6 million in Q1 2026 as lending income grows despite higher loan-loss provisions and credit pressures.

Omokolade Ajayi Omokolade Ajayi
Oando Plc, an indigenous African integrated energy company.
BusinessHot News

Oando nears $500 million market cap on rising oil revenue outlook

Oando nears $500 million market cap as rising oil-linked earnings and geopolitical tensions lift investor sentiment in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Drilling machine
BusinessHot News

Ariana Resources secures $27.4 million to advance Zimbabwe mining project

Ariana Resources raises $27.4m via Zenit stake sale to fund Zimbabwe Dokwe gold project, boosting cash to $53m ahead of key milestones.

Timilehin Adejumobi Timilehin Adejumobi
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