Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Standard Bank processes $1.2 billion in Yuan payments as Africa-China trade surges

Standard Bank processed $1.2 billion in yuan via CIPS, signaling rising Africa-China trade and reduced reliance on dollar settlements.

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

Africa’s richest man Aliko Dangote’s seasoning business posts $14.4 million half-year profit

The company posted profit after tax of N19.6 billion ($14.4 million) for the six months ended June 30, up 26…

Omokolade Ajayi Omokolade Ajayi
Catherine Nwosu
Hot NewsBusiness

Africa Prudential reinforces growth, digital strategy at H1 2026 investor call

During the session, management reviewed the company's financial performance for the first half of 2026, reporting broad-based growth across its…

Omokolade Ajayi Omokolade Ajayi
South African property investment company Putprop Limited.
BusinessHot News

Putprop secures extension to finalize two major property sales

Putprop wins JSE extension to finalize circular for major property deals, delaying shareholder document to Aug. 21, 2026.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
BusinessHot News

Peter Ashade-led United Capital grows half-year profit to $15.5 million, declares interim dividend

Profit before tax rose 80 percent year on year to N24.78 billion ($18.2 million) in the six months ended June…

Omokolade Ajayi Omokolade Ajayi
Moroccan billionaire Othman Benjelloun
BusinessBillionairesHot News

Moroccan billionaire Othman Benjelloun’s Bank of Africa seals deal to expand funding across Africa

Beyond financing, the partnership also includes business matching, training, market intelligence, and promotional activities.

Omokolade Ajayi Omokolade Ajayi
MTN mobile money separation Ghana
BusinessHot News

Clydestone Ghana sues MTN over Mobile Money intellectual property misuse

Clydestone Ghana sues MTN entities, alleging unauthorized use of proprietary mobile money IP and frameworks developed since 2007.

Feyisayo Ajayi Feyisayo Ajayi
ArcelorMittal South Africa is located at Delfos Boulevard in Vanderbijlpark, South Africa
BusinessHot News

ArcelorMittal South Africa flags deeper losses in H1 2026 update

ArcelorMittal South Africa warns of deeper H1 2026 losses as EPS and HEPS decline sharply amid weak demand and persistent…

Feyisayo Ajayi Feyisayo Ajayi
South African asset manager Ninety One profit.
BusinessHot News

Ninety One’s stake in Remgro tops $300 million

Ninety One raises its Remgro stake above $300 million, strengthening its position among top shareholders in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
African banks with most branches
BusinessHot News

Standard Bank backs Tolaram with term financing after Guinness Nigeria deal

Standard Bank refinances Tolaram’s Guinness Nigeria deal with term financing, shifting from bridge funding to long-term capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
Ibrahim Sagna African investment strategy
BusinessHot News

Ibrahim Sagna hails Fatima Dangote after Africa’s largest $2.5 billion private placement

Dangote refinery raises $2.5 billion in record private placement, drawing strong praise from investor including Ibrahim Sagna ahead of planned…

Feyisayo Ajayi Feyisayo Ajayi
Ali Dayekh
BusinessHot News

Meet Egypt’s businessman, Ali Dayekh, with shares worth over $150 million on EGX

Egypt's businessman, Ali Dayekh holds over $150 million in EGX shares, with major stakes in banking, distribution, and investment firms.

Feyisayo Ajayi Feyisayo Ajayi
Trans-Gabon Railway
BusinessHot News

Proparco, IFC back $356 million upgrade of Trans-Gabon Railway

Proparco and IFC back $356 million Trans-Gabon Railway upgrade, boosting infrastructure, safety and regional connectivity.

Feyisayo Ajayi Feyisayo Ajayi
Ali Dayekh
BusinessHot News

Egyptian-Saudi businessman Ali Hassan Ali Dayekh suffers $15 million loss in 100 days

Egyptian-Saudi investor Ali Dayekh loses $15 million in 100 days as Credit Agricole Egypt shares slide on sustained selling pressure.

Feyisayo Ajayi Feyisayo Ajayi
Andrew Mukite Musangi
BusinessHot News

Meet Andrew Musangi, corporate lawyer at the center of Kenya’s financial power

Andrew Musangi, CBK chair and corporate lawyer, sits at the heart of Kenya’s financial power, blending legal expertise with boardroom…

Feyisayo Ajayi Feyisayo Ajayi
BUA Foods
BusinessBillionairesHot News

BUA Foods nears peak ahead of H1 2026 results as market braces

BUA Foods trades near peak ahead of H1 2026 results, with investors watching for a familiar earnings-driven cycle and limited…

Feyisayo Ajayi Feyisayo Ajayi
Helios Towers 2026
BusinessHot News

Helios takes T2S Group public in $120 million Casablanca IPO at $520 million valuation

Helios lists T2S Group in $120 million Casablanca IPO, valuing the med-tech firm at $520 million amid strong investor demand.

Feyisayo Ajayi Feyisayo Ajayi
Amethis
BusinessHot News

Amethis MENA Fund III to get $28 million equity commitment from IFC

IFC considers up to $28 million investment in Amethis MENA Fund III, boosting small-cap private equity across Morocco, Egypt and…

Feyisayo Ajayi Feyisayo Ajayi
David Wiens
BusinessHot News

Asante Gold’s finance chief David Wiens resigns after leading $1 billion financing drive

Asante Gold CFO David Wiens resigns after three years, following a $1 billion financing drive supporting Ghana expansion.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Phuthi Mahanyele-Dabengwa
Hot NewsBusiness

South African executive Phuthi Mahanyele-Dabengwa reveals $1.7 billion investment in France’s innovation ecosystem

Prosus and parent company Naspers have poured €1.5 billion ($1.7 billion) into French technology companies, expanding the group’s footprint across…

Omokolade Ajayi Omokolade Ajayi
Minor Hotels signs NH Collection Accra, marking its first Ghana hotel
BusinessTourism

Minor Hotels enters West Africa with NH Collection Accra deal

Minor Hotels is expanding into West Africa with plans to open NH Collection Accra, marking its first property in Ghana and its debut in the subregion. The signing reflects rising interest in Accra’s hospitality market as international brands look to strengthen their presence in key African business capitals.  The agreement was announced during THINC Middle East 2026, a gathering of…

Amethis
BusinessHot News

Amethis MENA Fund III to get $28 million equity commitment from IFC

IFC considers up to $28 million investment in Amethis MENA Fund III, boosting small-cap private equity across Morocco, Egypt and region.

Africa
BusinessHot News

Africa’s new credit rating agency set to launch in Mauritius

African Credit Rating Agency is set to launch in Mauritius, reshaping how investors assess African sovereign and corporate credit risk.

Timilehin Adejumobi Timilehin Adejumobi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Standard Bank processes $1.2 billion in Yuan payments as Africa-China trade surges

Standard Bank processed $1.2 billion in yuan via CIPS, signaling rising Africa-China trade and reduced reliance on dollar settlements.

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

Africa’s richest man Aliko Dangote’s seasoning business posts $14.4 million half-year profit

Aliko Dangote-backed Nascon posts $14.4 million half-year profit as stronger margins and lower finance costs lift earnings.

Omokolade Ajayi Omokolade Ajayi
Unitel lists on Angola Exchange
BusinessTechnology

Unitel lists on Angola Exchange after record $328 million IPO  

Unitel IPO raises $328 million as Angola’s telecom giant lists on BODIVA, boosting capital markets and privatization efforts.

Timilehin Adejumobi Timilehin Adejumobi
Southern Sun invests $14.9 million to revamp its biggest hotel in South Africa
BusinessLuxuryTourism

Southern Sun invests $14.9 million to revamp its biggest hotel in South Africa

Southern Sun invests $14.9 million to upgrade Durban’s biggest hotel, boosting South Africa’s tourism sector and beachfront revival.

Oluwatosin Alao Oluwatosin Alao
Catherine Nwosu
Hot NewsBusiness

Africa Prudential reinforces growth, digital strategy at H1 2026 investor call

With H1 2026 gross earnings up 27 percent to $3.1 million, Africa Prudential reinforces its shift toward recurring digital business solutions.

Omokolade Ajayi Omokolade Ajayi
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