Nigerian tycoon Kola Karim
EnergyLatest

Kola Karim’s Shoreline secures $500 million Qatar financing  to unlock OML 30’s 100,000-bpd potential

Kola Karim’s Shoreline secures $500 million in Qatar financing to fund OML 30 drilling and target more than 100,000 barrels…

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater bond offering
InvestmentsLatest

Sibanye Stillwater says JPMorgan now holds $360 million worth of shares

Sibanye-Stillwater says JPMorgan holds a 5.04% stake worth about $360 million as the miner reports stronger first-half 2026 earnings and…

Feyisayo Ajayi Feyisayo Ajayi
Fourways Mall
Hot NewsLuxury

Accelerate opens door to minority disposal of its $256 million Fourways Mall stake

Accelerate Property Fund may sell part of its Fourways Mall stake as new managers gain an option for up to…

Feyisayo Ajayi Feyisayo Ajayi
Fola Aiyesimoju
CompaniesLatest

Fola Aiyesimoju-led UAC of Nigeria to offload entire 43% stake in DP World Logistics to TGI

Fola Aiyesimoju-led UAC will sell its 43% stake in DP World Logistics to TGI, subject to regulatory approvals, as it…

Feyisayo Ajayi Feyisayo Ajayi
Ivan Dittrich, CFO of Datatec
ExecutivesBusinessTechnology

Datatec CFO Ivan Dittrich earns $3.7 million in 2026

Dittrich’s 2026 package included a $590,000 base salary and an $830,000 short-term incentive.

Timilehin Adejumobi Timilehin Adejumobi
Copper 360 CEO and CFO
ExecutivesLatest

Copper 360 promotes Gordon Thompson as CEO, Seten Naidoo to CFO

Copper 360 promotes Gordon Thompson to CEO and Seten Naidoo to CFO as the South African copper miner reshuffles its…

Feyisayo Ajayi Feyisayo Ajayi
South African executive Raisibe Morathi
ExecutivesHot NewsMarkets

Limpopo-born executive Raisibe Morathi’s Vodacom stake tops $5 million

Morathi’s stake rose by 117,610 shares, or 27.69 percent, to 542,390 shares at March 31, 2026, from 424,780 shares a…

Omokolade Ajayi Omokolade Ajayi
Mauritian resort group Lux Island Resorts
CompaniesBusinessHot News

Mauritian resort group Lux Island Resorts posts $33 million profit as tourism surges

The result gave the board room to raise the group’s total dividend by 20 percent.

Omokolade Ajayi Omokolade Ajayi
Kenyan executive Sarit Raja Shah
ExecutivesHot NewsMarkets

Kenyan executive Sarit Raja Shah’s I&M Group stake hits $25 million as shares double

His holding was worth KSh1.58 billion ($12.4 million) on Jan. 1, compared with about KSh3.2 billion ($25 million) currently.

Omokolade Ajayi Omokolade Ajayi
Lake Bunyoyi
TourismLatest

10 best places to visit in Uganda

Uganda offers gorilla trekking, wildlife safaris, scenic lakes, mountain hikes and cultural attractions across 10 destinations for travelers to explore.

Feyisayo Ajayi Feyisayo Ajayi
Alcazar Egypt
EnergyLatest

World Bank considers $120 million investment in Egypt’s 580MW Gabal El Zeit wind farm

World Bank’s coprivate sector arm, IFC, considers $120 million financing for Alcazar Energy’s acquisition of Egypt’s 580MW Gabal El Zeit…

Feyisayo Ajayi Feyisayo Ajayi
Touton IFC
InvestmentsLatest

IFC considers $10 million facility to support Touton’s Nigerian cocoa sourcing

IFC considers a $10 million facility to support Touton’s Nigerian cocoa sourcing, trade finance and traceable supply chain.

Feyisayo Ajayi Feyisayo Ajayi
Bridget Venner Willy Mertens Otto Shiongo
ExecutivesHot News

Debmarine Namibia CEO Willy Mertens named chairman of Skeleton Basin, 2 other veterans to board

Debmarine Namibia CEO Willy Mertens becomes chairman of Skeleton Basin as three industry veterans join the company’s newly strengthened board.

Feyisayo Ajayi Feyisayo Ajayi
Accelerate KPMG crescent
CompaniesBillionairesLatest

Accelerate Property Fund sells KPMG Crescent to reduce debt for $23.6 million

Accelerate Property Fund agrees to sell KPMG Crescent for $23.6 million, using proceeds to reduce debt and strengthen its balance…

Feyisayo Ajayi Feyisayo Ajayi
ProNutro
MarketsHot News

PepsiCo discontinues South Africa’s 64-year-old ProNutro after backlash

PepsiCo has discontinued South Africa’s 64-year-old ProNutro after consumer backlash over changes to the cereal’s taste, texture and mixability.

Feyisayo Ajayi Feyisayo Ajayi
Mauritius-based conglomerate Alteo Limited.
CompaniesBusinessHot News

Mauritian group Alteo sees 2026 profit surge 28% to $19.1 million on real estate

The earnings expansion prompted the company to raise its full-year dividend payout.

Omokolade Ajayi Omokolade Ajayi
Sayyu Dantata
BillionairesBusinessHot News

Sayyu Dantata, half-brother of Africa’s richest man, risks losing $35M aircraft fleet

The aircraft include a 2011 Beechcraft King Air 350i, serial number FL-750; a 2013 Gulfstream G550, serial number 5455; and…

Omokolade Ajayi Omokolade Ajayi
Anayo Okenwa
ExclusiveStartups

IFC proposes $8.6 million financing for Nigerian mini-grid developer Nayo Tropical Technology

IFC proposes $8.6 million in debt financing for Nayo Tropical Technology to develop 14 solar mini-grids across Nigeria.

Feyisayo Ajayi Feyisayo Ajayi
Devland
BusinessHot News

Gathoo brothers: Silent African millionaires building an FMCG empire through Devland 

Gathoo brothers, Mahomed and Shiraz Gathoo have built Devland into a growing South African FMCG empire spanning wholesale, retail and…

Feyisayo Ajayi Feyisayo Ajayi
Exxaro Eskom coal supply deal
InvestmentsLatest

M&G Investments slashes Exxaro stake by 13 million shares to $186 million

M&G Investments cuts its Exxaro stake by 13.1 million shares to $186.3 million as PIC raises its holding in the…

Feyisayo Ajayi Feyisayo Ajayi
TechnologyHot News

Ethiopia joins Africa’s mobile payment boom with 58 million digital wallet users

Ethiopia is emerging as a major mobile payments market, with 58 million digital wallet users and mobile transactions rising sharply.

Libya Oil
BusinessHot News

Libya signs new oil deals with global firms after licensing round

Libya oil deals with Eni, Repsol and QatarEnergy boost exploration, foreign investment and Africa's energy growth.

Nigerian tycoon Kola Karim
EnergyLatest

Kola Karim’s Shoreline secures $500 million Qatar financing  to unlock OML 30’s 100,000-bpd potential

Kola Karim’s Shoreline secures $500 million in Qatar financing to fund OML 30 drilling and target more than 100,000 barrels per day by 2027.

Feyisayo Ajayi Feyisayo Ajayi
Côte d’Ivoire
BusinessTechnologyTourism

Côte d’Ivoire turns to AI to transform tourism by 2030

Côte d’Ivoire is betting on AI to transform tourism, attract 10 million visitors and unlock $1.7 billion in investment by 2030.

Oluwatosin Alao Oluwatosin Alao
Sibanye-Stillwater bond offering
InvestmentsLatest

Sibanye Stillwater says JPMorgan now holds $360 million worth of shares

Sibanye-Stillwater says JPMorgan holds a 5.04% stake worth about $360 million as the miner reports stronger first-half 2026 earnings and cash flow.

Feyisayo Ajayi Feyisayo Ajayi
Thuli Moswa Dam
InvestmentsBusiness

Zimbabwe, South Africa weigh $500 million dam for industrial growth

Thuli Moswa Dam could supply water to South Africa’s Musina-Makhado industrial zone under a proposed $500 million project.

Timilehin Adejumobi Timilehin Adejumobi
NeoTerra seeks $5 million to expand Mozambique fluorspar mine
BusinessMining

NeoTerra seeks $5 million to expand Mozambique fluorspar mine

NeoTerra seeks $5 million in U.S. funding to expand Mozambique’s Monte Muambe fluorspar project and assess downstream processing.

Oluwatosin Alao Oluwatosin Alao
Kenyan President Ruto at Dangote refinery, Lagos.
BusinessEnergy

Ruto moves to fast-track approvals for Dangote’s Kenya refinery   

Dangote Kenya refinery gets Ruto’s push to fast-track approvals ahead of the Sept. 30 Lamu groundbreaking.

Timilehin Adejumobi Timilehin Adejumobi
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