Tony Elumelu joins Seplat’s board after $500 million stake deal, setting stage for chairmanship at Nigeria’s leading indigenous energy producer.
BusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake surges to $700 million, up $210 million

Tony Elumelu’s Seplat stake climbs to $700 million, gaining $210 million in 55 days as shares surge on gas output…

Omokolade Ajayi Omokolade Ajayi
Carrefour Africa expansion
BusinessHot News

Carrefour charts African dominance, targets 22 countries by 2030

Carrefour accelerates African expansion, targeting 22 countries by 2030 through local partnerships and competitor market gaps.

Feyisayo Ajayi Feyisayo Ajayi
Cape Town International Airport expansion
Hot NewsTourism

Cape Town Airport’s $1.35 billion upgrade poised to boost tourism and regional economy

Cape Town airport launches $1.35 billion expansion under ACSA’s plan to boost capacity, tourism and global competitiveness.

Feyisayo Ajayi Feyisayo Ajayi
Transpaco Premier Plastics acquisition blocked
BusinessLuxury

Competition Commission blocks Transpaco’s $8 million Premier Plastics acquisition

South Africa’s Competition Commission blocks Transpaco’s R128 million ($7.98 million) Premier Plastics acquisition, stalling retail plastics expansion.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

Tony Elumelu honours Chief Ogbue’s legacy in Africa’s transformative banking era

Nigerian billionaire Tony Elumelu honors Chief Ogbue, reflecting on his leadership and legacy in shaping Africa’s transformative banking era.

Omokolade Ajayi Omokolade Ajayi
Zedekiah Buzeki $93 million debt
BusinessHot News

Kenyan tycoon Zedekiah Buzeki reveals $93 million debt as I&M Bank pressure mounts

Kenyan tycoon Zedekiah Buzeki reveals $93 million debt as lender pressure mounts on his trucking empire amid restructuring.

Feyisayo Ajayi Feyisayo Ajayi
Kenya Pipeline Company IPO
BusinessHot News

Uganda secures $821.8 million stake in Kenya Pipeline IPO stake

Uganda secures $821.8 million stake in Kenya Pipeline IPO, boosting East Africa energy leverage and regional supply security.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Clean energy push could unlock 32,000 jobs in Mauritius by 2030

World Bank report says clean energy and ocean investment could create 32,000 jobs in Mauritius by 2030.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Days after Spar exit call, South African retail leader Angelo Swartz cites family as priority

South African retail leader Angelo Swartz steps back from Spar to focus on family and oversee a smooth leadership transition.

Omokolade Ajayi Omokolade Ajayi
Baba Ahmadou Danpullo Marble Towers
Hot NewsLuxury

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.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

After $34 million raise, Terra Industries joins DICON to boost Nigeria’s defense sector

Terra Industries partners with DICON to boost Nigeria’s defense technology, create jobs, and strengthen local production after a $34 million…

Omokolade Ajayi Omokolade Ajayi
Business

Ethiopia’s richest man, Mohammed Al Amoudi, loses $270 million in 23 days

Ethiopia’s richest man Mohammed Al Amoudi loses $270 million in 23 days as Preem stake revaluation trims his fortune to…

Omokolade Ajayi Omokolade Ajayi
BusinessTourism

East Africa’s safari operator, SafariCo, plans $72 million lodge expansion in Tanzania

SafariCo plans $72 million lodge expansion in Tanzania, adding 184 rooms and enhancing guest experience and sustainability.

Omokolade Ajayi Omokolade Ajayi
Rasik Kantaria FMB Capital loss
BusinessHot News

Kenyan investor and banker Rasik Kantaria loses $137 million from FMB Capital stake

Kenyan banker Rasik Kantaria loses $137 million as FMB Capital shares slide on Malawi exchange, trimming stake below $1 billion.

Feyisayo Ajayi Feyisayo Ajayi
Sasol H1 2026 results
BusinessHot News

Sasol posts 52% drop in earnings, revenue hits $7.66 billion in H1 2026

Sasol posts $7.66 billion H1 revenue as earnings drop on softer oil, weaker chemicals margins.

Feyisayo Ajayi Feyisayo Ajayi
Anadkat’s FMB Capital stake takes hit
BusinessHot News

Malawi’s richest man, Hitesh Anadkat, loses $290 million from FMB Capital stake

Hitesh Anadkat’s FMB Capital stake drops $290 million as shares slide, testing Malawi’s banking titan amid regional expansion.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Abdul Samad Rabiu taps Baglietto for superyacht after Bombardier jet order

Abdul Samad Rabiu taps Baglietto for a 60-meter superyacht to his luxury fleet following a Bombardier Global 8000 jet order.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Tullow Oil, partly owned by Beninese-Gabonese billionaire, secures $1.3B debt reprieve

Tullow Oil, partly owned by Beninese-Gabonese oil billionaire Samuel Dossou-Aworet, secures $1.3 billion debt relief to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
Baba Ahmadou Danpullo
BusinessHot News

Meet Cameroon’s richest man, Baba Ahmadou Danpullo, worth $900 million

Cameroon's richest man, Baba Ahmadou Danpullo, leads a vast empire spanning agriculture, telecoms, real estate, and cross-border trade.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Elon Musk, South Africa clash deepens over Starlink, 14,000 users at risk

Starlink dispute in South Africa deepens as 14,000 users risk service cutoff amid regulatory standoff.

Omokolade Ajayi Omokolade Ajayi
SCATEC
BusinessHot News

Norway’s Scatec expands renewable energy investment in Egypt

Scatec backs Egypt’s bid to become a regional clean energy hub.

Timilehin Adejumobi Timilehin Adejumobi
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…

Oluwatosin Alao Oluwatosin Alao
DRDGOLD CEO Niël Pretorius
BusinessHot News

DRDGOLD eyes acquisition of Sasol cyanide plant

DRDGOLD proposes buying Sasol cyanide plant to secure gold production.

Timilehin Adejumobi Timilehin Adejumobi
Show More