Nigerian monarch and Islamic traditional ruler Lamido Sanusi, the Emir of Kano.
BusinessHot News

Nigerian monarch Lamido Sanusi’s MTN board pay may top N500 million in 2026 on stronger earnings

Over the longer term, disclosures show he has received R22.57 million in total compensation from MTN between 2019 and 2025,…

Omokolade Ajayi Omokolade Ajayi
Melanie Da Costa, CEO-designate of Netcare, a $1.4 billion South African healthcare group, during a corporate leadership transition announcement.
BusinessHot News

South African executive Melanie Da Costa named CEO of $1.4 billion healthcare group, Netcare

As Da Costa prepares to take over, the group is expected to continue expanding beyond its acute hospital business while…

Omokolade Ajayi Omokolade Ajayi
Sky Investments Holding, Egyptian conglomerate expanding investments across ports, logistics, and real estate infrastructure development.
BusinessGlobal NewsHot News

Sky Investments outlines $500 million plan for Egypt’s logistics and ports growth

The largest share of the planned capital, between $300 million and $350 million, will go into logistics and ports.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot News

NCC probe puts FlySafair under scrutiny as Tshepo Mahloele’s Harith advances deal

The NCC added that FlySafair itself has acknowledged that overbooking forms part of its commercial approach.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Path to Seplat Energy chairmanship clears as Tony Elumelu joins board as non-executive director

At the AGM, Seplat board Chairman Udoma Udo Udoma welcomed Elumelu’s appointment, describing it as a reflection of confidence in…

Omokolade Ajayi Omokolade Ajayi
Kudakwashe Tagwirei Masimba stake gain
BusinessHot News

Zimbabwean politician Kudakwashe Tagwirei’s Masimba stake gains $2.7 million on 2026 rally

Tagwirei’s Masimba stake rises $2.7 million as shares surge on Zimbabwe Stock Exchange rally, boosting investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Vision Group Tongaat liquidation assets
BusinessHot News

South African businessman Robert Gumede’s Vision Group to secure Tongaat assets ahead of liquidation hearing

Vision Group moves to secure Tongaat assets as liquidation hearing looms, aiming to protect creditor interests and preserve regional operations.

Feyisayo Ajayi Feyisayo Ajayi
Lowe’s Q1 2026 earnings
BusinessHot News

Lowe’s, led by Black executive Marvin Ellison, opens 2026 with $23 billion in sales as margins narrow

Lowe’s posts $23.1 billion Q1 2026 sales as margins narrow; online growth, Pro demand offset housing market pressure.

Feyisayo Ajayi Feyisayo Ajayi
Movit IFC financing deal
BusinessHot News

Ugandan entrepreneur Simpson Birungi’s Movit to receive $20 million backing for expansion

IFC is weighing up to $20 million for Uganda’s Movit Products to expand manufacturing into Tanzania and scale operations in…

Feyisayo Ajayi Feyisayo Ajayi
Shuka Minerals Kabwe zinc results
BusinessHot News

Shuka Minerals hits 65.7% zinc grade at Zambia’s Kabwe mine after takeover

Shuka Minerals hits 65.7% zinc at Zambia’s Kabwe mine, boosting resource expansion outlook and strengthening project economics.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s Eskom explores World Bank backing for multibillion-dollar nuclear build

The utility, which operates Africa’s only commercial nuclear plant near Cape Town, is preparing a request for information for as…

Omokolade Ajayi Omokolade Ajayi
Shameel Joosub, Group CEO of Vodacom
BusinessTechnology

Vodacom CEO Shameel Joosub pockets $2.4 million salary in 2025 

Vodacom CEO Shameel Joosub pockets $2.4 million in 2025, up 15%, as profits and Africa expansion drive growth.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Femi Otedola
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola to pour part of $750 million warchest into Dangote Refinery

For Otedola, the planned $100 million refinery investment adds to an increasingly aggressive series of moves across Nigeria’s corporate sector.

Omokolade Ajayi Omokolade Ajayi
MTN Nigeria CEO pay 2025
BusinessHot News

CEO of MTN Nigeria Karl Toriola takes $3.5 million pay in 2025

MTN Nigeria CEO Karl Toriola’s pay jumps 61% to $3.5 million in 2025, driven by strong profit rebound and revenue…

Feyisayo Ajayi Feyisayo Ajayi
Mantengu Averi acquisition
BusinessHot News

Mantengu plans $120 million Averi asset acquisition in African energy push

Mantengu plans $120 million Averi acquisition to expand into African energy, digital infrastructure and diversify beyond mining.

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

Africa’s richest man Aliko Dangote advances $45 billion expansion with 10,000-hectare Nigerian port

Beyond its logistics function, the project is tied to wider regional trade plans under the African Continental Free Trade Area,…

Omokolade Ajayi Omokolade Ajayi
Hot NewsLuxury

Inside five-star Sankara Nairobi linked to Kenyan tycoon Baloobhai Patel

Sankara Nairobi leverages Westlands location, Marriott backing, and private ownership to sustain demand amid rising luxury hotel competition.

Feyisayo Ajayi Feyisayo Ajayi
Tony Elumelu with Awele Vivien Elumelu.
BillionairesBusinessExclusiveHot News

Tony and Awele Elumelu named on TIME100 Philanthropy list as TEF lifts 2.1 million Africans out of poverty

TEF reports that its initiatives have helped lift 2.1 million Africans above the poverty line and positively affected more than…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu’s net worth jumps $606 million in one day, nears $20 billion

Abdul Samad Rabiu’s net worth jumps $606 million in a day to $19.7 billion, driven by strong gains in BUA…

Omokolade Ajayi Omokolade Ajayi
NMB Bank $100 million IFC SME loan
BusinessHot News

Tanzania’s NMB Bank secures $100 million SME loan from World Bank arm 

NMB Bank secures $100 million IFC loan to expand SME lending, targeting women-owned businesses in Tanzania’s growing banking market.

Feyisayo Ajayi Feyisayo Ajayi
KENYA
BusinessHot News

Kenya to fast-track Intra-African trade for economic expansion

Kenya moves to boost exports and industry by tapping AfCFTA, with IATF2025 set to unlock $44 billion in intra-African trade and investment opportunities.

Burj Zanzibar tower
BusinessLuxuryTourism

Burj Zanzibar sets record as world’s tallest timber tower

Zanzibar is set to make history with the Burj Zanzibar, a 28-storey timber tower poised to become the world’s tallest wooden skyscraper.

Nigerian monarch and Islamic traditional ruler Lamido Sanusi, the Emir of Kano.
BusinessHot News

Nigerian monarch Lamido Sanusi’s MTN board pay may top N500 million in 2026 on stronger earnings

Nigerian monarch Lamido Sanusi, Emir of Kano, could earn above N500 million in 2026 as MTN Group performance strengthens.

Omokolade Ajayi Omokolade Ajayi
Melanie Da Costa, CEO-designate of Netcare, a $1.4 billion South African healthcare group, during a corporate leadership transition announcement.
BusinessHot News

South African executive Melanie Da Costa named CEO of $1.4 billion healthcare group, Netcare

South African executive Melanie Da Costa is set to become CEO of Netcare, a $1.4 billion healthcare group, after a structured transition.

Omokolade Ajayi Omokolade Ajayi
Afriland CEO Christian kammogne fogaing & George Agyekum Donkor EBID chair
BusinessHot News

EBID, Afriland First Bank sign $17.7 million deal to support SMEs in Côte d’Ivoire  

EBID and Afriland First Bank Côte d’Ivoire sign a $17.7 million facility to expand SME lending across key sectors.

Timilehin Adejumobi Timilehin Adejumobi
Galleria Burgas Shopping Mall, Bulgaria
BusinessHot News

Hyprop expands beyond Africa with $139 million Bulgaria mall deal

Hyprop acquires Bulgaria’s Galleria Burgas for $139 million, accelerating Eastern Europe retail expansion.

Timilehin Adejumobi Timilehin Adejumobi
Sky Investments Holding, Egyptian conglomerate expanding investments across ports, logistics, and real estate infrastructure development.
BusinessGlobal NewsHot News

Sky Investments outlines $500 million plan for Egypt’s logistics and ports growth

Sky Investments Holding plans $500 million investment across Egypt’s ports logistics and real estate over three years, boosting infrastructure growth.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot News

NCC probe puts FlySafair under scrutiny as Tshepo Mahloele’s Harith advances deal

South Africa's NCC probes FlySafair over alleged overbooking as Harith General Partners advances its acquisition of the airline.

Omokolade Ajayi Omokolade Ajayi
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