BusinessHot News

Paul Fokam’s Afriland Bank signs $57 million deal to boost access to Sharia-compliant financing

Afriland First Bank signs $57.4 million Islamic finance deal with ICD to expand SME funding and boost private sector growth…

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Worker operating at Seplat Energy's Oben OML 4
Hot NewsBusiness

Seplat Energy posts $164 million half-year profit as earnings soar 498%

The stronger performance was supported by higher production, favourable commodity prices and lower operating costs, according to interim financial statements.

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

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $215 million half-year profit

The food producer reported net income of N292.27 billion ($215 million) for the six months ended June 30, up from…

Omokolade Ajayi Omokolade Ajayi
female CEO
BusinessHot News

10 female CEOs leading Africa’s largest listed companies in 2026

Female CEOs now lead Africa’s largest listed firms, steering nearly $80 billion in value across banking, mining, and consumer sectors.

Feyisayo Ajayi Feyisayo Ajayi
Paddy Zhanda
BusinessHot News

Paddy Zhanda builds multimillion-dollar empire including $7 million Masimba Holdings’ stake

Paddy Zhanda builds a multimillion-dollar empire through Masimba Holdings, leveraging strategic acquisitions and layered investments.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria CEO & Francophone Africa VP, Karl Toriola
Hot NewsBusiness

Karl Toriola-led MTN Nigeria posts $519 million profit in H1 2026

MTN Nigeria posts $519 million H1 2026 profit as data growth, cost discipline and stable naira boost revenue, margins and…

Feyisayo Ajayi Feyisayo Ajayi
JP Morgan
BusinessHot News

JP Morgan raises Clicks stake to 5.47% amid 34% year-to-date share price decline

JP Morgan raises Clicks stake to 5.47% despite a 34% share price decline, signaling confidence in South Africa’s leading healthcare…

Feyisayo Ajayi Feyisayo Ajayi
Sterling Financial Holdings Company Plc
Hot NewsBusiness

Nigeria’s Sterling Holdco sees H1 profit surge to $37 million on strong lending

Gross earnings rose to N279.6 billion ($205.1 million) from N212.61 billion ($156 million) a year earlier, reflecting stronger business activity…

Omokolade Ajayi Omokolade Ajayi
World’s richest Black person Aliko Dangote
BusinessHot News

Africa’s richest man Aliko Dangote’s Dangote Cement posts $470 million half-year profit as African exports jump

The Lagos-listed cement producer also recorded broad-based growth across its operations.

Omokolade Ajayi Omokolade Ajayi
TotalEnergies
BusinessHot News

Namibia approves TotalEnergies Mopane deal, expands Orange Basin oil push

Namibia approves TotalEnergies’ 40% Mopane stake, boosting Orange Basin expansion and advancing Venus project toward final investment decision.

Feyisayo Ajayi Feyisayo Ajayi
Seplat
BusinessHot News

Seplat Energy to sell 10% stake in NNPCL joint venture for $281.6 million

Seplat Energy signs $281.6 million deal to sell 10% stake in NNPCL joint venture, targeting debt reduction and enhanced shareholder…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian executive Owen Omogiafo
BusinessBillionairesHot News

Nigerian executive Owen Omogiafo buys 1.9 million shares of Transcorp Group

The filing showed the purchases were executed over two trading days on the NGX.

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Ethiopian Airlines Group.
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Africa’s top carrier, Ethiopian Airlines, hits $9.1 billion revenue as passenger traffic jumps

The state-owned carrier handled 20.7 million passengers during the 12-month period — a 10 percent increase.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

Africa’s first Black billionaire, Patrice Motsepe, loses $1 billion in stock slump

The decline reflects the performance of the two listed mining companies that account for most of Motsepe’s wealth.

Omokolade Ajayi Omokolade Ajayi
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
Vodacom
TechnologyBusiness

Vodacom commits $5.6 million to accelerate rural network expansion in South Africa

Vodacom to spend $5.6 million expanding rural networks in South Africa, aiming to boost digital access, eHealth, and eLearning across 11 underserved districts.

Mark Shuttleworth success
TechnologyHot News

Mark Shuttleworth, Africa’s first astronaut who built Ubuntu, sold Thawte for $575 million

Mark Shuttleworth built Thawte, funded Ubuntu, and became Africa’s first astronaut, shaping global tech and open-source innovation.

Incoming Anglo Teck CEO, Duncan Wanblad
BusinessHot News

Anglo American, Teck unveil leadership team for planned Anglo Teck merger

Anglo American and Teck reveal Anglo Teck's executive team ahead of merger completion and regulatory approvals.

Timilehin Adejumobi Timilehin Adejumobi
IMF
BusinessHot News

IMF approves $1.8 billion for Egypt, boosting confidence in Africa’s economy

IMF approves $1.8 billion for Egypt, supporting economic reforms, investor confidence and Africa's second-largest economy.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Paul Fokam’s Afriland Bank signs $57 million deal to boost access to Sharia-compliant financing

Afriland First Bank signs $57.4 million Islamic finance deal with ICD to expand SME funding and boost private sector growth in Cameroon.

Feyisayo Ajayi Feyisayo Ajayi
Worker operating at Seplat Energy's Oben OML 4
Hot NewsBusiness

Seplat Energy posts $164 million half-year profit as earnings soar 498%

Seplat Energy posted a $164 million half-year profit as revenue rose to $1.82 billion and production increased.

Omokolade Ajayi Omokolade Ajayi
CBZ-bank
BusinessHot News

Zimbabwe’s CBZ Bank secures $190 million Afreximbank funding boost

CBZ Bank Afreximbank funding reaches $190 million, boosting Zimbabwe trade finance, SMEs and energy projects to fuel economic growth.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $215 million half-year profit

Abdul Samad Rabiu’s BUA Foods surged to a $215 million half-year profit in 2026, driven by aggressive cost cuts despite falling revenues.

Omokolade Ajayi Omokolade Ajayi
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