ARN Foods Limited
BusinessEntrepreneursHot News

Nola Adetola’s ARN Foods acquires multimillion-dollar rice mill to boost food supply in Nigeria

The facility sits on a 20,000-square-metre site and can process as many as 3,000 bags of rice daily, according to…

Omokolade Ajayi Omokolade Ajayi
Savanna Beef
LatestMarkets

Savanna Beef faces disruption after foot-and-mouth disease outbreak in Namibia

Savanna Beef faces disruption after foot-and-mouth disease was detected in Namibia’s FMD-free zone, prompting livestock movement restrictions.

Feyisayo Ajayi Feyisayo Ajayi
MTN, Gates Foundation invest $25 million
Investments

MTN, Gates Foundation invest $25 million in Nigeria maternal health, target 500,000 women

MTN and Gates Foundation commit $25 million to Nigeria maternal health, targeting 500,000 women with AI, mobile technology and connectivity.

Feyisayo Ajayi Feyisayo Ajayi
Zambia Hilton hotel
Luxury

Hilton Lusaka Pyramid nears completion as $97 million Asmara-backed project targets 2027 opening

Hilton Lusaka Pyramid is 75% complete, with the $97 million Asmara-backed hotel targeting December 2026 completion and a 2027 opening.

Feyisayo Ajayi Feyisayo Ajayi
Joshua Mbele
EntrepreneursLatestLuxury

How Malawian investor Joshua Mbele’s journey takes a new turn with Mpaladizo resort deal

Joshua Mbele has built a diversified investment portfolio spanning telecommunications, energy, technology, property and hospitality across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Given Mhkari
EntrepreneursLatest

10 businesses linked to Given Mkhari, South African media mogul behind SHILUMANA

Given Mkhari built SHILUMANA from radio into a diversified media group spanning broadcasting, advertising, TV production and communications.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s Jeanette Marais
ExclusiveCompaniesExecutives

How South Africa’s Jeanette Marais rose from a family farm to lead a $3B giant

Since taking the top job in August 2023, she has overseen stronger earnings and increased shareholder returns.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe’s richest man Strive Masiyiwa.
BillionairesHot News

Zimbabwe’s richest man, Strive Masiyiwa, loses $100M as InfraCo shares tumble

The latest decline follows weakness in Econet InfraCo, whose shares have fallen from 33 cents to about 22.79 cents on…

Omokolade Ajayi Omokolade Ajayi
Shameel Joosub
ExecutivesHot News

South African executive Shameel Joosub’s Vodacom stake nears $20M after share awards

Shameel Joosub’s Vodacom stake nears $20 million after his holdings rose by 123,103 shares through executive incentive awards.

Omokolade Ajayi Omokolade Ajayi
Airtel Africa Plc
TechnologyHot News

Airtel Money could file for London IPO Wednesday at up to $9 billion valuation

Airtel Money could file for a London IPO Wednesday at an $8 billion to $9 billion valuation, seeking at least…

Omokolade Ajayi Omokolade Ajayi
Africa’s richest person Aliko Dangote
MarketsHot News

Aliko Dangote plans New York listing for $49 billion refinery after 2029 expansion

The move would follow the refinery’s planned Nigerian listing.

Omokolade Ajayi Omokolade Ajayi
Bernard Antwi Boasiako
EntrepreneursLatest

Ghanaian businessman Bernard Boasiako faces fresh charges over $1.2 million Exim Bank fraud

Ghanaian businessman Bernard Boasiako faces fresh charges over alleged GHC14 million ($2.6 million) Exim Bank fraud and GHC30 million ($2.6…

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesHot News

How Ethiopian billionaire Mohammed Al-Amoudi’s failed refinery left Morocco with a $7 billion bill

The refinery’s collapse unfolded alongside a dramatic period in Al-Amoudi’s personal life.

Omokolade Ajayi Omokolade Ajayi
Nigerian energy tycoon Wale Tinubu
EnergyBusinessHot News

Nigerian energy tycoon Wale Tinubu warns Africa’s energy gap threatens its 2030 development goals

The Oando Group CEO argues that energy must remain central to the discussion because reliable power underpins much of the…

Omokolade Ajayi Omokolade Ajayi
Africa’s richest person Aliko Dangote
BillionairesHot News

Aliko Dangote targets 2028 IPO for $3B fertiliser business

The business currently operates a fertiliser plant in Ibeju-Lekki, Lagos, with annual urea capacity of about 3 million tonnes.

Omokolade Ajayi Omokolade Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
Pool at Long Beach Resort, part of Sun Limited’s hotel portfolio.
CompaniesHot NewsLuxury

Mauritian resort giant Sun Limited posts $33 million profit, ups payout 33%

Profit after tax from continuing operations rose 14.8 percent to MUR1.52 billion ($32.9 million) from MUR1.33 billion a year earlier.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesHot News

Africa’s first Black billionaire Patrice Motsepe loses $200 million in 3 weeks

The decline follows a rebound that lifted Motsepe’s fortune to $3.7 billion in late August, where it remained through the…

Omokolade Ajayi Omokolade Ajayi
Johann Rupert, South African billionaire & Remgro chair
CompaniesLatest

Reinet, chaired by Johann Rupert, exceeds $75 million in share buybacks

Reinet Investments, chaired by Johann Rupert, surpasses $75 million in cumulative share buybacks after acquiring 2.78 million shares since August.

Feyisayo Ajayi Feyisayo Ajayi
Albaraka Bank
BankingLatest

Al Baraka Bank Egypt moves to acquire 273.7 million A.T. Lease shares in share-swap deal

Al Baraka Bank Egypt targets 273.7 million A.T. Lease shares through a share-swap deal, strengthening its position in Egypt's leasing…

Feyisayo Ajayi Feyisayo Ajayi
South African Reserve Bank
BusinessHot News

Top 10 Africa’s largest Central Banks with their total assets

Africa's largest central banks, led by the SARB, influence monetary policy, financial stability, and economic growth, tackling challenges like inflation and fintech opportunities.

JKIA-Airport
BusinessHot News

Kenya turns to TDB, AFC for $1.2 billion airport upgrade

Kenya Airport Upgrade secures $1.2 billion financing to expand JKIA, triple passenger capacity and boost East Africa aviation.

Christopher Seabrooke
Donations

South African tycoon Christopher Seabrooke donates $13 million stake to Wits University via family trust

South African tycoon Christopher Seabrooke donates a $13 million Sabvest Capital stake to Wits University’s Arts Precinct expansion project.

Feyisayo Ajayi Feyisayo Ajayi
Quicksmart Supermarket
BusinessHot News

Adenia-backed Quickmart plans Nairobi Securities Exchange listing    

Quickmart NSE listing plans would offer 50% of shares to public investors as Kenya’s retailer targets further expansion.

Timilehin Adejumobi Timilehin Adejumobi
ARN Foods Limited
BusinessEntrepreneursHot News

Nola Adetola’s ARN Foods acquires multimillion-dollar rice mill to boost food supply in Nigeria

Nola Adetola’s ARN Foods has started production at a 120-metric-tonne-per-day rice mill in Abuja as it expands Nigeria’s food-processing operations.

Omokolade Ajayi Omokolade Ajayi
Savanna Beef
LatestMarkets

Savanna Beef faces disruption after foot-and-mouth disease outbreak in Namibia

Savanna Beef faces disruption after foot-and-mouth disease was detected in Namibia’s FMD-free zone, prompting livestock movement restrictions.

Feyisayo Ajayi Feyisayo Ajayi
India's Lohum
MiningBusiness

India’s Lohum targets Zimbabwe lithium with $100 million investment

Lohum Zimbabwe lithium targets a $100 million investment in 10 mining blocks as India expands its critical-minerals supply chain.

Timilehin Adejumobi Timilehin Adejumobi
South African tycoon Adrian Gore
BusinessTechnology

South African tycoon Adrian Gore’s Discovery targets U.S. health insurance market

Discovery CEO Adrian Gore is targeting a $100 million U.S. Vitality business as Google AI and three acquisitions accelerate its health insurance push.

Oluwatosin Alao Oluwatosin Alao
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