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Capitec edges FirstRand to become Africa’s most valuable bank as earnings seen up to 25%

Capitec Bank becomes Africa’s top bank as shares rise and earnings are expected to jump 25 percent.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Ethiopian Airlines, Africa’s largest carrier, posts $4.4 billion revenue in H1 2026

Africa’s largest carrier reports $4.4 billion revenue in H1 2026, with strong passenger and cargo growth despite operational challenges.

Omokolade Ajayi Omokolade Ajayi
El Ezaby Pharmacies IPO
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El Ezaby Pharmacies targets 2027 IPO on Egypt’s EGX in major healthcare listing plan

El Ezaby Pharmacies targets 2027 IPO on Egypt’s EGX, signaling a major healthcare retail listing.

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BusinessHot News

Naivas, Kenya’s largest retail chain, gets $1.03 million for 2025 protest losses

Naivas receives $1.03 million from CIC Insurance for 2025 protest losses, underscoring rising costs for Kenya’s largest supermarket chain.

Omokolade Ajayi Omokolade Ajayi
Adrian Gore net worth
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Discovery co-founder Adrian Gore gains nearly $40 million from stock rally

Discovery co-founder Adrian Gore gains nearly $40 million as shares rally, pushing his net worth toward $700 million.

Feyisayo Ajayi Feyisayo Ajayi
lithium concentrate production
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European Investment Bank funds Namibia lithium expansion at Uis Mine with $2.4 million

EIB backs Andrada Mining with $2.4 million to advance Namibia’s Uis lithium expansion, boosting EU battery supply ambitions.

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Africa’s richest hotel chain owners
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20 of Africa’s richest hotel chain owners in 2026

Africa’s richest hotel chain owners are building multibillion-dollar hospitality empires across luxury, business and eco-tourism markets.

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Hot NewsTechnology

Jumia posts $818.6 million merchandise sales in 2025

Jumia records $818.6 million in 2025 merchandise sales, boosting revenue and narrowing losses as Africa’s top e-commerce platform grows.

Omokolade Ajayi Omokolade Ajayi
Kenya’s women redefining private sector power
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20 Kenyan firms and the multi-millionaire women behind them

Kenya’s top women entrepreneurs are reshaping banking, manufacturing, healthcare and energy with scalable, impact-driven firms.

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BusinessHot News

Dangote Petroleum Refinery lowers petrol prices by 3% despite global oil squeeze

Dangote Petroleum Refinery cuts petrol prices by 3 percent to N774 per liter, undercutting imports amid global supply tensions.

Omokolade Ajayi Omokolade Ajayi
Indimi gains $35 million as Jaiz rallies shares
BusinessHot News

Nigerian oil tycoon Mohammed Indimi gains $35 million from Jaiz Bank shares in 40 days

Mohammed Indimi’s Jaiz Bank stake gained over $35 million in 40 days as shares surged nearly 80% on the Nigerian…

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BusinessHot News

Hyprop sells half of Woodlands Boulevard for $49.6 million, keeps stake for future growth

Hyprop sells half of Woodlands Boulevard for $49.6 million while keeping a 50% stake to support future growth.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Abdul Samad Rabiu’s son, Khalifa, takes leadership role at BUA Foods

Khalifa Rabiu joins BUA Foods as Chief Officer, driving global procurement, supply chain efficiency, and growth for Nigeria’s $10.6 billion…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Harith strikes FlySafair deal two years after SAA talks collapsed

Harith General Partners acquires South Africa's FlySafair, returning to aviation after SAA talks collapsed.

Omokolade Ajayi Omokolade Ajayi
Kenyatta family stake faces Nedbank takeover
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Nedbank–NCBA deal puts Kenyatta’s multimillion-dollar stake on the line

Nedbank’s $856 million NCBA buyout threatens Mama Ngina Kenyatta’s $151 million stake amid East Africa banking shakeup.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Aliko Dangote gains $726 million in 24 hours; net worth nears $32 billion

Aliko Dangote’s net worth jumps $726 million in 24 hours, edging closer to $32 billion on rising Dangote Cement shares.

Omokolade Ajayi Omokolade Ajayi
Digital banking Egypt 2026
BusinessHot News

CIB plans $300 million digital bank to serve Egypt’s retail, MSMEs by 2027

CIB invests $300 million to launch a digital bank, targeting Egypt’s retail and MSME sectors by 2026–2027.

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Exclusive

Lihaxa is rethinking health emergencies and out-of-pocket surprises

Lihaxa is building an AI-powered virtual clinic that tackles health emergencies, hidden costs, and care access gaps across underserved markets.

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BusinessHot News

Pepkor CEO Pieter Erasmus sells $33M in shares as retail giant hits 6,000 stores

South African Pepkor CEO Pieter Erasmus sold $33 million in shares as the retail group surpasses 6,000 stores.

Omokolade Ajayi Omokolade Ajayi
Business moguls reshaping African pharma
BusinessHot News

Top 15 pharmaceutical moguls powering Africa’s healthcare

Africa’s pharma moguls are transforming healthcare, boosting local drug manufacturing, and reducing reliance on imports.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Capitec edges FirstRand to become Africa’s most valuable bank as earnings seen up to 25%

Capitec Bank becomes Africa’s top bank as shares rise and earnings are…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Ethiopian Airlines, Africa’s largest carrier, posts $4.4 billion revenue in H1 2026

Africa’s largest carrier reports $4.4 billion revenue in H1 2026, with strong…

Omokolade Ajayi Omokolade Ajayi
Beltone Holding Baobab Aquisition Agreement Signing Event
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Beltone expands global reach with $235 million Baobab acquisition

Egyptian Beltone buys Baobab, expanding tech-driven financial services continentwide.

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