Anil Agarwal
BusinessHot News

Indian billionaire Anil Agarwal’s Vedanta delays CopperTech IPO amid market volatility

Anil Agarwal's Vedanta delays CopperTech IPO as volatile mining equities and U.S. policy risks unsettle investors before New York debut.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Lighthouse advances $121 million refinancing ahead of 2027 debt maturity

Lighthouse moves early to refinance $121 million debt tied to French retail assets ahead of 2027 maturity, citing strong lender…

Feyisayo Ajayi Feyisayo Ajayi
Ikeja Hotels dividend Otudeko
Hot NewsBusiness

Nigerian businessman Oba Otudeko eyes N137 million Ikeja Hotels dividend, after becoming second biggest investor

Oba Otudeko to earn N137.4 million Ikeja Hotels dividend after acquiring 14.12% stake, qualifying for dual-year payouts.

Feyisayo Ajayi Feyisayo Ajayi
Zeder asset disposal strategy
BusinessHot News

From builder to harvester: Inside Zeder’s more than half a billion dollar agribusiness exit strategy

Zeder exits agribusiness assets, unlocking over $675 million as it shifts from building to capital return strategy.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Jaffer empire Mombasa
BusinessHot News

Mohammed Jaffer’s empire: Power, controversy, making of modern Mombasa

Mohammed Jaffer’s empire shapes Mombasa’s economy, blending infrastructure gains with rising scrutiny over dominance, fuel scandal, and influence.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Namibia’s Capricorn Group director Elizabeth Fahl resigns from board

Capricorn Group director Elizabeth Fahl resigns after nearly five years, ending a tenure focused on governance and human capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
Nigeria’s state-owned oil company, NNPC.
Hot NewsBusiness

Nigeria’s NNPC revenue drops 13% to $3.15 billion despite steady oil output

Revenue fell by N636 billion ($463.7 million) from the N4.97 trillion ($3.62 billion) recorded in April.

Omokolade Ajayi Omokolade Ajayi
Sasini Tea Estate in Kenya, where tea, avocado, and macadamia crops are cultivated and harvested.
Hot NewsBusiness

Kenya eyes $8.3 billion agricultural plan to boost growth, slash food imports

The state-backed National Agri-Food Systems Investment Plan, or NASIP, covers the years 2026 through 2030.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBusiness

GTBank’s co-founder Fola Adeola loses $130 million in Aradel sell-off

The decline in Aradel mirrors a broader retreat across the Nigerian stock market, where several heavyweight companies have posted double-digit…

Omokolade Ajayi Omokolade Ajayi
FirstRand chair Johan Burger
Hot NewsBusiness

FirstRand chair Johan Burger’s stake tops $30 million despite UK regulatory drag

The increase reflects growing investor confidence in FirstRand, one of Africa's biggest financial institutions.

Omokolade Ajayi Omokolade Ajayi
Mantengu Averi acquisition
BusinessHot News

Mantengu flags potential reverse takeover in $120 million AVERI Finance asset deal

Mantengu renews cautionary notice on $120 million Averi deal, a potential reverse takeover expanding into energy and infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Stellantis NV
BusinessHot News

Stellantis weighs future of $183 million South Africa factory amid strategy shift

The delay comes as global automakers face intense competition from Asian rivals.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Africa’s richest man Aliko Dangote loses $743 million in 24 hours

The latest decline mirrors another sharp fall in Dangote Cement shares on the Nigerian Exchange (NGX).

Omokolade Ajayi Omokolade Ajayi
Airtel Africa telecom expansion
BusinessBillionairesHot News

Airtel Africa gets $150 million IFC financing to expand digital infrastructure across Africa

Airtel Africa secures $150 million IFC loan to expand networks, boost connectivity, and drive digital inclusion across underserved markets.

Feyisayo Ajayi Feyisayo Ajayi
Super Star supermarket brand under SPAR Group, showcasing retail presence and store operations.
Hot NewsBusiness

SPAR highlights retail’s role in tackling South Africa’s youth unemployment

For SPAR, whose independent retailers have served South African communities for more than 60 years, that approach is reflected in…

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Elon Musk loses trillionaire status again after $66 billion wipeout in one day

The decline marks the second time in less than two weeks that Musk's fortune has slipped below the $1 trillion…

Omokolade Ajayi Omokolade Ajayi
OCI Global strategic overhaul
Hot News

OCI endorses $4.7 per share cash offer as Oceanwood withdraws mandate

OCI backs $4.7 per-share NNS cash offer as board weighs Orascom deal, citing better value than wind-down and limited alternatives.

Feyisayo Ajayi Feyisayo Ajayi
Haldane McCall market cap NGX
BusinessHot News

Haldane McCall’s market cap holds near $9 million 18 months after NGX listing 

Haldane McCall’s market cap holds near $9 million 18 months after NGX listing, despite weaker earnings and macroeconomic headwinds.

Feyisayo Ajayi Feyisayo Ajayi
Wole Oshin Custodian dividend payout
BusinessHot News

Wole Oshin boosts Custodian stake with new shares worth nearly $1 million

Wole Oshin buys nearly $1 million Custodian shares, reinforcing stake after dividend windfall and strong earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Baume & Mercier
LuxuryHot News

Johann Rupert’s Richemont completes sale of Baume & Mercier to Damiani Group

Richemont completes Baume & Mercier sale to Damiani Group, expanding its luxury watch portfolio and global retail footprint.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

Algeria, Spain in advanced talks to expand natural gas delivery

Spain and Algeria discuss boosting natural gas supply by 10 percent through the Medgaz pipeline.

As African fortunes grow, billionaires turn to high-cash-value policies, real estate and trusts to preserve long-term wealth across generations.
SportsHot News

How Patrice Motsepe blends business, tourism, and football as CAF President

Patrice Motsepe integrates business strategies and tourism initiatives, transforming African football into a global powerhouse for growth and unity.

Lobito Corridor Project
BusinessHot News

AFC reaches financial close on $753 million Lobito rail project

Lobito Rail Project reaches $753M financial close, boosting Angola trade, copper exports and African logistics growth.

Timilehin Adejumobi Timilehin Adejumobi
Anil Agarwal
BusinessHot News

Indian billionaire Anil Agarwal’s Vedanta delays CopperTech IPO amid market volatility

Anil Agarwal's Vedanta delays CopperTech IPO as volatile mining equities and U.S. policy risks unsettle investors before New York debut.

Feyisayo Ajayi Feyisayo Ajayi
Cape Winelands Airport
BusinessHot News

Cape Winelands Airport taps Stellenbosch University for $493 million expansion

Cape Winelands Airport expansion gains Stellenbosch University support as South Africa advances a $493 million aviation hub.

Timilehin Adejumobi Timilehin Adejumobi
Absa Bank and Unilever Kenya CEOs
BusinessHot News

Absa, Unilever roll out $31 million SME finance program      

Absa Unilever SME finance program expands access to working capital for Kenyan SMEs via a $31 million supply chain facility.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Lighthouse advances $121 million refinancing ahead of 2027 debt maturity

Lighthouse moves early to refinance $121 million debt tied to French retail assets ahead of 2027 maturity, citing strong lender interest.

Feyisayo Ajayi Feyisayo Ajayi
Shell
BusinessHot News

Nigeria’s oil contractors get $3 billion boost from Shell and banks

Nigeria Oil Contractor Finance Facility gains a $3 billion boost from Shell and banks to accelerate offshore projects.

Timilehin Adejumobi Timilehin Adejumobi
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