MTN
Hot NewsBusiness

MTN Rwanda’s 9-month profit surges 130% to $20.5 million on fintech, data surge

The performance was achieved against the backdrop of elevated domestic inflation and tighter monetary policy in Rwanda.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
BusinessCompaniesHot News

Aliko Dangote’s Dangote Cement expands West African trade with 26 shiploads

Seaborne dispatches of clinker jumped 35.4 percent from a year earlier to 1.0 million metric tons, landing at ports across…

Omokolade Ajayi Omokolade Ajayi
BillionairesHot NewsMarkets

Femi Otedola loses $400 million as First HoldCo shares fall by a third

The decline comes barely two months after his fortune crossed $2 billion, reaching $2.1 billion, according to Forbes estimates.

Omokolade Ajayi Omokolade Ajayi
Ugandan businessman Charles Mbire.
BusinessHot News

MTN dividends to deliver $4.6 million to Ugandan businessman Charles Mbire

That upcoming check brings Mbire’s nine-month dividend haul to USh19.03 billion ($4.64 million).

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu to pocket $24 million Seplat interim dividend by late November

The interim payout reflects Tony Elumelu's expanding footprint in Seplat Energy Plc.

Omokolade Ajayi Omokolade Ajayi
Virgin Active
BusinessHot NewsInvestmentsLifestyle

Brait’s Virgin Active acquires Holmes Place Germany in $151 million deal

Brait-backed Virgin Active acquires Germany’s Holmes Place for $151 million, adding 84,100 members and strengthening its European fitness market position.

Feyisayo Ajayi Feyisayo Ajayi
MWANYI TERIMBA
BusinessHot NewsInvestments

Uganda’s Mwanyi Terimba seeks $1.2 million for coffee expansion

Buganda Kingdom-owned Mwanyi Terimba seeks $1.24 million to expand coffee exports, strengthen purchasing capacity and develop processing facilities in Uganda.

Feyisayo Ajayi Feyisayo Ajayi
Coca-Cola
BusinessHot NewsInvestmentsLatest

Coca-Cola backs Namibia’s water security with $1.2 million Swakop Basin project

Coca-Cola is investing $1.22 million in Namibia to restore the Swakop Basin and strengthen water security around drought-hit Windhoek.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBankingLatest

Kenya’s $12 million Equity Bank scandal takes new twist after businessman’s death

Joel Mwangi Wainaina’s death deepens Kenya’s $12 million Equity Bank fraud investigation and raises fresh questions over a $3.7 million…

Feyisayo Ajayi Feyisayo Ajayi
Naivasha’s Buffalo Mall
BusinessCompaniesHot News

Pan-African developer Grit to sell $154 million Kenya real estate in debt exit

The planned firesale forms the centerpiece of a wider campaign to divest more than $200 million in non-core holdings across…

Omokolade Ajayi Omokolade Ajayi
PIC trims Astral Foods stake amid strategy shift
BusinessHot News

PIC pares stake in poultry giant Astral Foods amid portfolio recalibration

PIC trims stake in Astral Foods to 23.94%, signaling caution amid sector volatility, bird flu, and power challenges.

Access Holdings
BankingLatest

Access Holdings’ banking arm redeems $500 million 5-year Eurobond at maturity

Access Bank redeems its $500 million Eurobond at maturity, fully repaying the five-year debt from its foreign-currency liquidity resources.

MTN
Hot NewsBusiness

MTN Rwanda’s 9-month profit surges 130% to $20.5 million on fintech, data surge

MTN Rwanda’s profit jumped 130% to $20.52 million in nine months, driven by MoMo gains, expanding data usage, and disciplined cost management.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
BusinessCompaniesHot News

Aliko Dangote’s Dangote Cement expands West African trade with 26 shiploads

Aliko Dangote's Dangote Cement shipped 26 clinker vessels as exports rose 41.8 percent and nine-month profit reached $722.5 million.

Omokolade Ajayi Omokolade Ajayi
Tharisa signs major Zimbabwe Karo project deal with Valterra Platinum
BusinessMining

Tharisa debuts on Namibia Securities Exchange    

Tharisa expands its investor base with a Namibia listing as it prepares to scale platinum production through its Karo project.

Timilehin Adejumobi Timilehin Adejumobi
Woolworths Café at Cape Town’s V&A Waterfront
BusinessLuxury

Woolworths opens a luxury café and pop-up store at Cape Town’s V&A Waterfront.

Woolworths is exploring a closer connection between food, hospitality and fashion retail through a new concept store at Cape Town's V&A Waterfront, as its food division generates more than R55 billion($3.37 billion) in annual sales.  The retailer has introduced a Woolworths Café alongside The Gift Room, a pop-up retail space that brings gifting and fashion products into the same environment.…

Oluwatosin Alao Oluwatosin Alao
Virgin Active
BusinessHot NewsInvestmentsLifestyle

Brait’s Virgin Active acquires Holmes Place Germany in $151 million deal

Brait-backed Virgin Active acquires Germany’s Holmes Place for $151 million, adding 84,100 members and strengthening its European fitness market position.

Feyisayo Ajayi Feyisayo Ajayi
Martine Rose
BusinessHot NewsLuxury

Martine Rose becomes Balenciaga’s first female creative director in 109-year history

Martine Rose becomes Balenciaga’s first female creative director in its 109-year history, taking over the French luxury fashion house on November 16, 2026.

Omokolade Ajayi Omokolade Ajayi
BillionairesHot NewsMarkets

Femi Otedola loses $400 million as First HoldCo shares fall by a third

Femi Otedola loses $400 million as First HoldCo shares fall by a third, reducing his net worth from $2.1 billion to $1.7 billion.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu to pocket $24 million Seplat interim dividend by late November

Tony Elumelu is set to pocket a $24.02 million interim dividend from Seplat Energy this November, lifting his total cash returns to $59.32 million.

Omokolade Ajayi Omokolade Ajayi
Patrice Motsepe
BusinessBillionairesHot NewsLatestMining

Patrice Motsepe’s ARM faces fresh delay in bid to liquidate 2 South African mining firms

Patrice Motsepe’s ARM faces another court delay in its bid to liquidate two South African mining firms over creditor opposition.

Feyisayo Ajayi Feyisayo Ajayi