Haib copper project
BusinessHot News

Koryx Copper expands Namibia’s Haib project with strong drill results

Koryx Copper reports strong drill results at Namibia’s Haib project, expanding mineralization and advancing 2026 development studies program.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank Q1 2026 profit
BusinessHot News

Jaiz Bank posts $5.7 million Q1 2026 profit after regulatory delays

Jaiz Bank posts $5.72 million Q1 profit, driven by sukuk income, rising deposits, and growing demand for Islamic banking products.

Feyisayo Ajayi Feyisayo Ajayi
IFC Africa Go Green Fund investment
BusinessHot News

IFC plans $23 million investment in Africa Go Green renewable fund 

IFC eyes $23 million follow-on investment in Africa Go Green Fund to expand renewable energy, green housing, and energy efficiency…

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa telecom expansion
BillionairesBusinessHot News

World Bank plans $150 million Airtel Africa expansion in Congo, Kenya

IFC plans $150 million financing for Airtel Africa to expand telecom networks and refinance debt in Congo and Kenya markets.

Feyisayo Ajayi Feyisayo Ajayi
Proparco I&M Bank Rwanda MSME partnership
BusinessHot News

I&M Group’s Rwanda arm secures $29 million Proparco MSME partnership

I&M Bank Rwanda secures $29.06 million Proparco guarantee to expand MSME lending, targeting women, youth, and high-impact sectors.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank stake decline
BillionairesBusinessHot News

Nigerian oil tycoon Mohammed Indimi’s Jaiz Bank stake slips under $100 million

Jaiz Bank stake held by Mohammed Indimi falls below $100 million as shares drop 37% amid reporting delays and weak…

Feyisayo Ajayi Feyisayo Ajayi
MCB Group nine-month profit
BusinessHot News

MCB Group’s nine-month profit hits $314 million amid tax surge

MCB Group posts $314 million nine-month profit as higher taxes offset strong operating income and improved asset quality.

Feyisayo Ajayi Feyisayo Ajayi
Tsogo Sun buyback program
Hot NewsLuxury

South Africa’s Tsogo Sun expands share buyback to $30 million amid stock decline

Tsogo Sun expanded its share buyback to $30.2 million, repurchasing nearly 40 million shares amid a 33% stock decline in…

Feyisayo Ajayi Feyisayo Ajayi
Co-op Bank Q1 2026 profit
BusinessHot News

Co-op Bank opens 2026 with $65 million under Gideon Muriuki

Co-op Bank posts $65 million Q1 profit as digital lending, deposits, and interest income growth drive strong earnings under Gideon…

Feyisayo Ajayi Feyisayo Ajayi
MTN CFO Tsholofelo Molefe salary 2025
BusinessHot News

South African executive Tsholofelo Molefe takes $3.2-million pay from MTN in 2025

MTN CFO Tsholofelo Molefe’s pay jumped to $3.2 million in 2025 as the telecom giant rebounded to profit and expanded…

Feyisayo Ajayi Feyisayo Ajayi
Botswana's capital city.
BusinessGlobal NewsHot News

Bank of Botswana raises rates, first African central bank to act since war shock

The decision reflects growing concern over inflation pressures that have started to build across fuel, transport, and essential services.

Omokolade Ajayi Omokolade Ajayi
Medhat Khalil Raya Holding stake surge
BusinessHot News

Egyptian tycoon Medhat Khalil’s family gains $173 million from Raya Holding in 2026

Medhat Khalil’s Raya stake jumps $173 million as shares rally on Egypt’s exchange, nearing a $350 million valuation in 2026.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe’s net worth slips $100 million to $3.8 billion

According to Forbes, which tracks global billionaire wealth, Motsepe’s fortune fell by $100 million, moving from $3.9 billion on April…

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

Axian Telecom rises after Oracle deal, ranks among Africa’s fastest-growing firms

The company climbed to No. 63 on the 2026 edition of the Financial Times ranking of Africa’s Fastest-Growing Companies, improving…

Omokolade Ajayi Omokolade Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

Femi Otedola increased his stake in First HoldCo after the lender posted a $233.5 million first-quarter profit, strengthening his influence…

Omokolade Ajayi Omokolade Ajayi
Orascom Construction earnings 2026
BusinessHot News

Orascom opens 2026 with $53.4 million profit as U.S. backlog doubles to $2.9 billion

Orascom Construction posts $53.4 million Q1 profit; U.S. backlog doubles to $2.9 billion; MEA growth

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica targets July results from Namibia oil well test at Kavango West

ReconAfrica advances Namibia oil test at Kavango West, with production results expected by mid-to-late July, boosting frontier energy outlook.

Feyisayo Ajayi Feyisayo Ajayi
Ebenezer Asante MTN salary 2025
BusinessHot News

Ghanaian telecom executive Ebenezer Asante earned $3.2 million from MTN in 2025

MTN executive Ebenezer Asante’s pay jumps 37.6% to $3.2 million in 2025 as telecom giant rebounds to strong profit growth.

Feyisayo Ajayi Feyisayo Ajayi
MeTL Kenya soda plant
BusinessHot News

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola in East Africa

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola and PepsiCo in East Africa through Mo Cola expansion strategy…

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa continues expanding mobile and digital services across African markets as subscriber growth accelerates.
BusinessHot NewsTechnology

Airtel Africa profit tops $800 million as data, mobile money growth accelerates

The London- and Lagos-listed telecoms operator said profit after tax rose 147.4 percent to $813 million in the 2026 financial…

Omokolade Ajayi Omokolade Ajayi
African billionaires luxury hotel developers
BillionairesBusinessHot News

10 African billionaires building luxury hotels across the continent

African billionaires are financing luxury hotels across the continent, partnering global brands to transform tourism and real-estate markets.

Orange Group
BusinessHot News

Orange S.A inks landmark AFD pact to accelerate digital access across Africa, Middle East

Orange partners with AFD to expand digital access, training, and inclusion across Africa, the Middle East, and beyond.

FNB, Pick n Pay roll out $35 million rewards boost for shoppers
BusinessTechnology

FNB, Pick n Pay roll out $35 million rewards boost for shoppers

South African consumers under pressure from rising food and living costs are increasingly turning to rewards programs to stretch household budgets, pushing retailers and banks to deepen partnerships built around everyday spending. First National Bank, a unit of FirstRand, and Pick n Pay Stores Ltd., the South African grocery chain said their joint eBucks initiative has delivered more than $35…

Oluwatosin Alao Oluwatosin Alao
Varun Beverages launches $20 million Cheetos factory in Zimbabwe
BusinessTechnology

Varun Beverages launches $20 million Cheetos factory in Zimbabwe

Varun Beverages Zimbabwe, a key PepsiCo bottling and franchise partner and one of its largest operations outside the United States, has opened a $20 million Cheetos manufacturing plant in Harare. The project marks a shift toward local food production as the company expands beyond beverage bottling into snacks manufacturing.  The plant was inaugurated by Zimbabwe President Emmerson Dambudzo Mnangagwa, reflecting…

Oluwatosin Alao Oluwatosin Alao
Haib copper project
BusinessHot News

Koryx Copper expands Namibia’s Haib project with strong drill results

Koryx Copper reports strong drill results at Namibia’s Haib project, expanding mineralization and advancing 2026 development studies program.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank Q1 2026 profit
BusinessHot News

Jaiz Bank posts $5.7 million Q1 2026 profit after regulatory delays

Jaiz Bank posts $5.72 million Q1 profit, driven by sukuk income, rising deposits, and growing demand for Islamic banking products.

Feyisayo Ajayi Feyisayo Ajayi
The Capital Boardwalk
BusinessTourism

Capital Hotels, IDC invest $16.2 million in Gqeberha as hospitality moves beyond cities

Capital Hotels and IDC open a $16.2 million Gqeberha hotel, as South Africa’s hospitality sector expands beyond major cities.

Timilehin Adejumobi Timilehin Adejumobi
IFC Africa Go Green Fund investment
BusinessHot News

IFC plans $23 million investment in Africa Go Green renewable fund 

IFC eyes $23 million follow-on investment in Africa Go Green Fund to expand renewable energy, green housing, and energy efficiency financing.

Feyisayo Ajayi Feyisayo Ajayi
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