Evening skyline of Johannesburg, South Africa, showcasing the city’s financial district and urban landscape.
Hot NewsBusiness

South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

Year-over-year, first-quarter output rose 1.9 percent, following a 0.8 percent increase in the prior quarter.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
LuxuryBusinessHot News

Nigerian billionaire Abdul Samad Rabiu takes delivery of Bombardier Global 8000, world’s fastest business jet

Abdul Samad Rabiu takes delivery of Bombardier's Global 8000 jet to boost BUA Group's global business travel.

Omokolade Ajayi Omokolade Ajayi
Glencore Larvotto gold offtake
BusinessHot News

Glencore ties with Australia’s Larvotto as it signs 7-year gold offtake deal ahead of production

Glencore signs seven-year gold offtake deal with Australia’s Larvotto ahead of 2026 production start in New South Wales mine agreement…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu named chairman of Seplat Energy

Senator Udoma, who joined the board in December 2023 and became independent chairman in April 2024, plans to retire at…

Omokolade Ajayi Omokolade Ajayi
Tatu City stake dispute Kenya
BusinessHot News

Firm linked to Kenyan industrialist Vimal Shah loses $16 million Tatu City stake battle

Privy Council ruling clears sale of Vimal Shah-linked stake in Tatu City, ending decade-long ownership dispute.

Feyisayo Ajayi Feyisayo Ajayi
Aysha Wind Project Ethiopia
Hot NewsBusiness

Ethiopia’s $507 million Aysha Wind Project advances with IFC-proposed financing

Ethiopia nears financing for $507 million Aysha Wind project as IFC proposes up to $65 million investment in 300.2MW renewable…

Feyisayo Ajayi Feyisayo Ajayi
Rajabali brothers NMB Bank stake
BusinessHot News

Wealthy Rajabali brothers’ NMB Bank stake climbs to $126.4 million on stock rally

Rajabali brothers’ NMB Bank stake hits $126.4 million as shares rally on strong earnings, lifting investor confidence in Tanzania’s leading…

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBillionairesBusinessHot News

Google’s $30 billion deal strengthens case for Elon Musk’s SpaceX $1.77 trillion IPO

This multi-billion-dollar commitment provides immediate financial validation for the valuation metrics outlined in SpaceX’s updated initial public offering prospectus.

Omokolade Ajayi Omokolade Ajayi
MTN Group rolls out MTN One TV
TechnologyBusinessHot News

MTN launches One TV to drive digital entertainment across Africa

The platform combines local programs, live television channels, international shows, and on-demand content in a single offering.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Emmanuel Omuojine.
Hot NewsBusiness

Nigerian executive Emmanuel Omuojine, an ex-PwC manager, takes helm at Rainoil

Omuojine steps into the role with more than a decade of experience within the Rainoil Group and a background that…

Omokolade Ajayi Omokolade Ajayi
Kainji Hydro Power Plant Kainji Dam, located in Borgu LGA of Niger State.
Hot NewsBusiness

New project at Nigeria’s Kainji dam aims to stabilize power grid

The new infrastructure will enable the company to transmit 220 megawatts of electricity from its 1G3 and 1G4 generating units…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egyptian fintech unicorn MNT-Halan secures Al Ahly Capital backing as valuation hits $1.4 billion

MNT-Halan secures Al Ahly Capital investment, reaching $1.4 billion valuation as Egypt’s fintech sector attracts institutional capital.

Feyisayo Ajayi Feyisayo Ajayi
Ecobank Ghana Abena Osei-Poku
BusinessHot News

Meet Abena Osei-Poku: Ghanaian banker behind billion-dollar lender, Ecobank Ghana

Abena Osei-Poku leads Ecobank Ghana, driving steady asset growth, profit gains, efficiency, and regional banking strategy across West Africa.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian fintech startup, Blnk
TechnologyBusinessHot News

Egyptian fintech startup, Blnk, raises $37 million to scale AI-driven consumer lending

The company said the new capital will support expansion of its consumer finance operations in Egypt, with a focus on…

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

Africa’s first Black billionaire Patrice Motsepe loses $800 million in under five months

Much of the recent decline in Motsepe’s fortune can be traced to the mining companies that form the core of…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
Hot NewsBusiness

Nigeria’s United Capital enters East Africa, clinches operating licenses in Ethiopia, Rwanda

The expansion into East Africa follows a year of expansion across French-speaking West Africa.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
Hot NewsBillionairesBusiness

Aliko Dangote’s net worth nears $40 billion as refinery eyes $50 billion IPO

The year-to-date increase in his wealth is tied directly to his 86.82 percent equity stake in Dangote Cement, a holding…

Omokolade Ajayi Omokolade Ajayi
Tazi family stake loss
BusinessHot News

Morocco’s Tazi family sees $514 million stake decline as Sothema shares plunge ahead of AGM

Morocco’s Tazi family lost about $514 million as Sothema shares plunged ahead of June 2026 AGM in Casablanca as stock…

Feyisayo Ajayi Feyisayo Ajayi
Ahmed El-Sewedy dividend
BusinessHot News

Egyptian tycoon Ahmed El-Sewedy bags $19 million dividend in 2025

Ahmed El-Sewedy bags about $18.6 million dividend from Elsewedy Electric after $74.5m payout, boosted by strong 2025 earnings growth profit…

Feyisayo Ajayi Feyisayo Ajayi
UBA Wins 2026 Banker Technology Award for AI Innovation, Launches Upgraded Mobile App
Hot NewsBusiness

UBA Wins 2026 Banker Technology Award for AI Innovation, Launches Upgraded Mobile App

Alongside the award, UBA has relaunched its RedApp mobile banking platform following a comprehensive upgrade.

Editorial Team Editorial Team
Four Seasons Safari Lodge Serengeti wins Africa’s best spa resort
TourismLuxury

Serengeti’s Four Seasons Safari Lodge named Africa’s best spa resort

Luxury travel in Africa is changing as more visitors look for quiet, restorative stays tied closely to nature. Across the continent, safari lodges are adding wellness offerings, giving guests more reasons to stay longer and spend more.  That demand is showing up in places long known for wildlife. In Serengeti National Park, operators are pairing game drives with spa treatments…

Essence of Africa 2024, an international tourism buyer forum held in October
TourismBusiness

Malindi welcomes global spotlight with essence of Africa 2025

At a Glance Kenya is set to take the spotlight on the global tourism stage as Malindi prepares to host the second edition of Essence of Africa, a leading buyer-driven travel forum that brings together decision-makers shaping the continent’s tourism industry. The event, scheduled for Oct. 7–9, 2025, at Diamonds Malindi, is expected to attract 150 top international buyers and…

Evening skyline of Johannesburg, South Africa, showcasing the city’s financial district and urban landscape.
Hot NewsBusiness

South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

South Africa’s economy grew 0.5 percent in Q1, beating survey estimates despite a sharp drop in consumer spending and rising fuel costs.

Omokolade Ajayi Omokolade Ajayi
Pepkor chair Wendy Luhabe
BusinessHot News

Pepkor chair Wendy Luhabe to step down after nearly six years in role 

Pepkor chair Wendy Luhabe will step down June 2026 after six years, as the retailer begins succession planning and expansion push.

Timilehin Adejumobi Timilehin Adejumobi
The International Monetary Fund
BusinessHot News

IMF warns Nigeria over $5 billion Abu Dhabi Bank swap deal

IMF warns Nigeria over a $5 billion Abu Dhabi Bank swap deal, citing transparency, debt risks and fiscal concerns.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Abdul Samad Rabiu.
LuxuryBusinessHot News

Nigerian billionaire Abdul Samad Rabiu takes delivery of Bombardier Global 8000, world’s fastest business jet

Abdul Samad Rabiu takes delivery of Bombardier's Global 8000 jet to boost BUA Group's global business travel.

Omokolade Ajayi Omokolade Ajayi
Glencore Larvotto gold offtake
BusinessHot News

Glencore ties with Australia’s Larvotto as it signs 7-year gold offtake deal ahead of production

Glencore signs seven-year gold offtake deal with Australia’s Larvotto ahead of 2026 production start in New South Wales mine agreement deal

Feyisayo Ajayi Feyisayo Ajayi
Kenyan businessman Suresh Bhagwanji Shah, non-executive director of I&M Group.
BusinessHot News

Kenyan businessman Suresh Bhagwanji Shah’s stake in I&M Group tops $70 million

Suresh Shah I&M Group stake tops $70 million as NSE rally and strong earnings lift investor confidence across East Africa markets

Timilehin Adejumobi Timilehin Adejumobi
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