BusinessHot News

Sirius Real Estate sells U.K. assets for $7 million, pivots to self-storage expansion

Sirius sells two U.K. assets for £5.3 million ($7 million), redeploying capital into higher-yield self-storage developments.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Equity Group shareholders approve insurance expansion, $167 million dividend payout

Equity Group shareholders approve Kenya, DRC insurance expansion and KSh 21.7 billion dividend payout for FY2025.

Feyisayo Ajayi Feyisayo Ajayi
Kenya Airways lawsuit financial crisis
BusinessHot News

Kenya Airways faces $1 million lawsuit as losses hit $1.6 billion

Kenya Airways faces a $1 million U.S. lawsuit as losses hit $1.6 billion, underscoring liquidity strain and urgent capital needs.

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater bond offering
BusinessHot News

Sibanye says EVs to reach 35% of global car sales by 2034

Sibanye Stillwater sees EVs at 35% of global car sales by 2034, easing pressure on platinum and palladium demand outlook.

Feyisayo Ajayi Feyisayo Ajayi
AfDB
BusinessHot News

AfDB’s arm approves $9 million grant to boost East Africa financial integration

AfDB’s concessional arm approves $9 million to deepen East Africa financial integration, boosting markets, payments and cross-border investment.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend 2025
BusinessHot News

Nigerian oil tycoon Mohammed Indimi bags $1.44 billion in 2025 dividend payout

Mohammed Indimi earns N1.44 billion ($1.05 million) from Jaiz Bank dividend after strong 2025 earnings and shareholder-approved payout.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Nigerian stock selloff wipes $1.2 billion from Aliko Dangote’s net worth

The decline pushed his fortune below the $35 billion mark for the first time since early May.

Omokolade Ajayi Omokolade Ajayi
WeLight's agent and customer
TechnologyBusinessHot News

Africa’s biggest solar mini-grid operator WeLight lands $31 million IFC-backed deal

WeLight said the funding will support its entry into Nigeria and the Democratic Republic of Congo while strengthening operations in…

Omokolade Ajayi Omokolade Ajayi
South African executive Nishlan Samujh.
Hot NewsBusiness

South African executive Nishlan Samujh’s pay package declines to $2.3 million at Investec

The decline reflects remuneration policy changes introduced in 2024

Omokolade Ajayi Omokolade Ajayi
South African banking giant FirstRand.
Hot NewsBusiness

FirstRand says $1 billion UK redress charge to cut annual earnings

The provision is expected to reduce reported profitability, with normalized earnings forecast to decline between 4 percent and 9 percent.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer biggest one-day drop of 2026

The decline adds to a difficult stretch for Rabiu, whose net worth has been under pressure since mid-May.

Omokolade Ajayi Omokolade Ajayi
Morocco berry farm expansion
BusinessHot News

Elite Agro invests $136 million in Morocco berry expansion, adding seventh farm

Elite Agro invests $136 million in Morocco berry expansion, opening a seventh farm to boost output and strengthen global export…

Feyisayo Ajayi Feyisayo Ajayi
OCP Group
BusinessHot News

Morocco’s OCP Group completes $531 million bond sale to strengthen capital base

OCP Group raises $531 million via perpetual bond, boosting capital strength and flexibility amid strong institutional investor demand.

Feyisayo Ajayi Feyisayo Ajayi
IFC FirstRand agri-MSME bond
BusinessHot News

FirstRand gets $103 million IFC backing to boost South Africa’s agri-SMEs

IFC will invest $103 million in FirstRand to expand agricultural MSME financing and strengthen South Africa’s capital markets.

Feyisayo Ajayi Feyisayo Ajayi
Titus Muya, the founder of Family Bank.
Hot NewsBusiness

Family Bank founder Titus Muya, allies gain $37 million as stock jumps 44% in NSE debut

The strong first-day performance rewarded investors who had backed the lender for years before its move to Kenya's main stock…

Omokolade Ajayi Omokolade Ajayi
Nairobi’s Le’Mac Tower
Hot NewsBusiness

Parts of Nairobi’s $41.5 million Le’Mac Tower set for auction

The move comes as creditors seek to recover outstanding debts from the company now under administration.

Omokolade Ajayi Omokolade Ajayi
A platinum plant in Zimbabwe
Hot NewsBusiness

Zimbabwe’s platinum sector targets $2 billion in exports amid global demand

The forecast follows a year in which export earnings strengthened despite lower production volumes.

Omokolade Ajayi Omokolade Ajayi
Late Nigerian banker Herbert Wigwe
BusinessHot News

Estate of Late Nigerian banker Herbert Wigwe sees Access Holdings stake top $52 million

The increase comes as Access Holdings shares posted double-digit gains on the NGX while the Nigerian naira strengthened against the…

Omokolade Ajayi Omokolade Ajayi
MTN Uganda digital access funding
BusinessHot News

MTN Uganda remits $1.2 million to boost digital access

MTN Uganda remits $1.2 million to expand digital access, funding connectivity projects in underserved communities nationwide.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

After $11 million Q1 revenue, Abdul Samad Rabiu brings BUA Rice back to market

The quarterly result builds on a stronger showing in 2025, when rice revenue rose sharply to $70.5 million, compared with…

Omokolade Ajayi Omokolade Ajayi
Baba Ahmadou Danpullo Marble Towers
LuxuryHot News

How Baba Ahmadou Danpullo’s Marble Towers drives hard-currency rental income

Cameroonian richest Baba Ahmadou Danpullo anchors his South African property empire with Johannesburg landmark Marble Towers.

Africa institutional investors
BusinessHot News

Public Investment Corporation sells down ADvTECH stake as valuation passes $1 billion

Public Investment Corporation trims ADvTECH stake after valuation tops $1 billion amid pan-African expansion and strong investor confidence.

ONHYM, Morocco.
BusinessHot News

Morocco turns state energy, mining agency ONHYM into joint-stock company

Morocco ONHYM joint-stock company reform boosts investment, financing flexibility and Africa gas pipeline ambitions.

Timilehin Adejumobi Timilehin Adejumobi
MODEC wins Coral Norte LNG contract in Eni-Led Mozambique project
BusinessGlobal News

MODEC wins Coral Norte LNG contract in Eni-Led Mozambique project

MODEC wins Coral Norte LNG contract in Mozambique, boosting Eni-led offshore gas project toward 2028 production start.

Oluwatosin Alao Oluwatosin Alao
MTN Nigeria partners Digifon
TechnologyBusiness

MTN, Digifon team up to bring smart accessories to more Nigerians

MTN Nigeria partners Digifon to expand access to smart accessories via e-shop, boosting digital lifestyle and device availability.

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Sirius Real Estate sells U.K. assets for $7 million, pivots to self-storage expansion

Sirius sells two U.K. assets for £5.3 million ($7 million), redeploying capital into higher-yield self-storage developments.

Feyisayo Ajayi Feyisayo Ajayi
Egypt, France-EU deal signing event
BusinessHot News

Egypt lands $340 million France-EU health deal to boost Africa care

Egypt health deal to boost Africa care with a $340M France-EU package supporting insurance, clinics and medical access.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Equity Group shareholders approve insurance expansion, $167 million dividend payout

Equity Group shareholders approve Kenya, DRC insurance expansion and KSh 21.7 billion dividend payout for FY2025.

Feyisayo Ajayi Feyisayo Ajayi
Show More