Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit despite revenue slump
EntrepreneursLatest

Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit

Cameroonian industrialist Jean Samuel Noutchogouin’s Icrafon returned to profit with $1.6 million in earnings despite a sharp revenue decline.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian energy tycoon Wale Tinubu
BusinessEnergyHot News

Oil mogul Wale Tinubu makes bold pitch for Nigeria’s $6.4 billion creative industry

Tinubu's pivot to advocating for broader capital investments comes as his core business shows renewed strength.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
BillionairesHot News

Nigerian billionaire Tony Elumelu urges global shift from foreign aid to investment

That commercial argument is gaining momentum as African institutions increasingly underwrite their own strategic heavy industries.

Omokolade Ajayi Omokolade Ajayi
Nigerian banker Segun Agbaje, CEO of GTCO.
BankingLatest

Nigerian banker Segun Agbaje-led GTCO reports lower profit of $312.23 million in H1 2026

GTCO’s profit fell 7.76% to $312.23 million in H1 2026 as higher taxes offset marginal growth in pre-tax earnings and…

Feyisayo Ajayi Feyisayo Ajayi
Ayoola Foods
EntrepreneursLatest

How Segun Olaye built Ayoola Foods into a Nigerian food-processing powerhouse

Nigerian engineer Segun Olaye built Ayoola Foods from an export business into a leading packaged-food brand through processing and distribution.

Feyisayo Ajayi Feyisayo Ajayi
MCB AXIAN Energy financing Africa
BankingLatest

Mauritius’ MCB Group posts $422 million profit in 2026

MCB Group reported $422.43 million profit in 2026, up 11.3%, as stronger income, African growth and lower impairments offset higher…

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesCompaniesHot News

Africa’s richest man Aliko Dangote targets $36 billion revenue in 2026

The forecast reflects its expansion across manufacturing, energy and infrastructure.

Omokolade Ajayi Omokolade Ajayi
Kenyan tycoon Peter Muthoka
MiningEntrepreneursHot News

Kenyan tycoon Peter Muthoka pockets $19 million from airport cargo business

The decision comes as activist investor Elliott Investment Management pushes Northern Star to consider strategic alternatives.

Omokolade Ajayi Omokolade Ajayi
South African business leader Mteto Nyati
ExecutivesHot News

South African business leader Mteto Nyati gets three-year extension as Eskom chairperson

Nyati accepted the extension with what he described as humility and a clear understanding of the expectations placed on Eskom…

Omokolade Ajayi Omokolade Ajayi
Hamza Farooqui
EntrepreneursHot News

From WorldSpace to Hyatt: How Hamza Farooqui built a diversified African investment empire

Hamza Farooqui built a diversified African investment empire spanning media, finance, retail, technology and luxury hospitality through Millat.

Feyisayo Ajayi Feyisayo Ajayi
Ghanaian tycoon Sam Jonah
MiningCompaniesHot News

Ghanaian tycoon Sam Jonah leads $1 billion push into Africa’s critical minerals

Jonah, 76, is joined by mining and finance veterans including former Gold Fields CEO Chris Griffith and former Goldman Sachs…

Omokolade Ajayi Omokolade Ajayi
South African café chain Bootlegger
LifestyleCompaniesHospitality

South African café chain Bootlegger plans 16 new stores in rapid rollout

The rollout would add at least 16 locations, as the company puts the finishing touches on its latest site at…

Omokolade Ajayi Omokolade Ajayi
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
Absa Group, South Africa’s third-biggest lender.
BusinessHot News

Absa Group posts higher income as earnings, lending improve in first half of 2026

Absa Group reported higher first-half 2026 income and earnings as lending and deposits grew across its African operations.

TechnologyHot News

IHS weighs $685 million Latam tower sale after $6.2 billion bid from MTN Group

IHS Holding plans $685 million sale of Latin America assets as MTN Africa moves to acquire the company’s core African operations.

Lesaka acquires Bank Zero for $67 million as fintech reaches 2 million customers
BusinessBankingTechnology

Lesaka acquires Bank Zero for $67 million as fintech reaches 2 million customers

Lesaka’s $67 million Bank Zero acquisition could give the digital bank access to 2.1 million customers and accelerate its expansion into lending.

Oluwatosin Alao Oluwatosin Alao
Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit despite revenue slump
EntrepreneursLatest

Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit

Cameroonian industrialist Jean Samuel Noutchogouin’s Icrafon returned to profit with $1.6 million in earnings despite a sharp revenue decline.

Feyisayo Ajayi Feyisayo Ajayi
Etihad Rail
BusinessTourism

Etihad Rail begins UAE passenger train trials ahead of September 30 launch

Etihad Rail will launch Abu Dhabi-Dubai passenger services on Sept. 30, with 10 daily journeys and a direct link to Dubai Metro.

Oluwatosin Alao Oluwatosin Alao
Nigerian energy tycoon Wale Tinubu
BusinessEnergyHot News

Oil mogul Wale Tinubu makes bold pitch for Nigeria’s $6.4 billion creative industry

Wale Tinubu urges global investors to fund Nigeria’s $6.4 billion creative economy, citing surging global demand for African music and culture.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
BillionairesHot News

Nigerian billionaire Tony Elumelu urges global shift from foreign aid to investment

At UNGA, Tony Elumelu urged global leaders to replace foreign aid with direct investment, highlighting $4.2 billion generated by African startups.

Omokolade Ajayi Omokolade Ajayi
Tope Lawani
CompaniesBusiness

Nigerian tycoon Tope Lawani’s Helios gets approval to exit ASR

Helios ASR exit clears approvals as Tope Lawani’s investment firm completes the sale of Africa Specialty Risks to Vitruvian Partners.

Timilehin Adejumobi Timilehin Adejumobi
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