MCB
BusinessHot News

MCB structures $51 million financing for Tolaram’s Nigeria expansion

MCB has structured a $51 million loan for Tolaram, refinancing acquisition debt and supporting its expansion across Nigeria and Africa.

Feyisayo Ajayi Feyisayo Ajayi
Mtumba Government City in Dodoma
BusinessHot News

Tanzania to unveil massive $270 million government city in Dodoma

The 698 billion Tanzanian shilling ($270 million) development was built to root the day-to-day operations of the national government firmly…

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Nigerian watchdog probes Uber over sudden exit, trapped user funds

Officials are "looking into the manner of their exit, particularly in respect of unfulfilled services to the customers," FCCPC CEO…

Omokolade Ajayi Omokolade Ajayi
South African businessman Adrian Gore
BusinessHot News

South African tycoon Adrian Gore to bag $7.5 million dividend as Discovery profit soars

Gore, 62, who co-founded Discovery with Barry Swartzberg in 1992, owns a 6.48 percent stake in the company, representing 44,213,070…

Omokolade Ajayi Omokolade Ajayi
Carlos Vicente
BusinessHot News

Angolan businessman Carlos Vicente’s Standard Bank stake put on the block for $261 million

Angola’s Capital Markets Commission has approved the sale of Carlos São Vicente’s 34% Standard Bank Angola stake, valued at up…

Feyisayo Ajayi Feyisayo Ajayi
Moreku Holdings
BusinessHot News

South African businessman Thakgalo Aphane’s Moreku Holdings hit with legal setback in BMW debt dispute

Thakgalo Aphane’s Moreku Holdings suffers a Gauteng High Court setback as BMW Financial Services pursues an alleged R4.6 million ($288,008)…

Feyisayo Ajayi Feyisayo Ajayi
Morocco's stadium
TourismGlobal NewsHot NewsSports

Morocco’s $500 million stadium targets 2030 World Cup final, world’s biggest

Morocco is building a $500 million stadium near Casablanca that could host the 2030 World Cup final and become the…

Feyisayo Ajayi Feyisayo Ajayi
Babukung
BusinessHot News

South African court orders Bakubung Minerals to pay China Coal $12.6 million

South Africa’s Gauteng High Court orders Bakubung Minerals to pay China Coal R201 million ($12.59 million) after enforcing a mining…

Feyisayo Ajayi Feyisayo Ajayi
South African retail giant The Foschini Group
BusinessHot News

South Africa’s Foschini cuts jobs, plans 280 store closures across Africa

The plan comes as TFG reviews stores that are no longer generating enough sales to justify their costs.

Omokolade Ajayi Omokolade Ajayi
Trafigura
BusinessHot News

Trafigura gets $7.5 million as Cameroon’s Sonara gasoline dispute moves to London

Trafigura receives $7.5 million from Cameroon’s Sonara as a gasoline quality dispute moves to London under English law and jurisdiction.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
BusinessHot News

OCI Global faces court challenge over Orascom Construction merger 

OCI Global faces a court challenge from Value8 seeking to halt its proposed Orascom Construction merger and delay the transaction.

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
BusinessHot News

South African tycoon Adrian Gore’s Discovery posts $828 million profit in 2026

Discovery, founded by Adrian Gore, posted an $828 million profit in 2026, up 38.29% year over year, as South African…

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BusinessHot News

South African billionaire Patrice Motsepe’s ARM lifts payout as profit hits $200 million

Buoyed by the rebound, ARM’s board raised its shareholder dividend while greenlighting capital allocations for key brownfield expansion projects.

Omokolade Ajayi Omokolade Ajayi
Credit du Marooc
BusinessHot News

Credit du Maroc to secure $13.5 million IFC risk-sharing facility

Credit du Maroc will receive a $13.5 million IFC facility to expand lending to agricultural SMEs and boost rural finance…

Feyisayo Ajayi Feyisayo Ajayi
Folorunso Alakija, Nigeria’s richest woman and philanthropist.
BusinessExclusiveHot News

Nigerian billionaire Folorunso Alakija hosts top UAE diplomats as crude prices surge

The discussions focused on trade ties and energy cooperation, coming at a time when Gulf investors and African producers are…

Omokolade Ajayi Omokolade Ajayi
Exxaro Eskom coal supply deal
BusinessHot News

South Africa’s Exxaro to exit Moranbah South in $105 million deal

Exxaro will acquire Anglo American’s Moranbah South stake before selling the Australian coal asset to Stanmore Resources for $105 million.

Feyisayo Ajayi Feyisayo Ajayi
Egypt's Nawy
BusinessHot News

IFC to invest in Egypt’s Nawy as proptech platform expands

IFC is considering an equity investment in Egypt’s Nawy as the proptech platform expands its digital real estate ecosystem.

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

Africa’s richest man, Aliko Dangote, eyes Botswana rail, cement push in $100 billion drive

The discussions in the capital, Gaborone, centered on heavy industry and transport, putting the continent’s wealthiest person in line to…

Omokolade Ajayi Omokolade Ajayi
Eko Pearl Towers in Eko Atlantic
LuxuryExclusiveHot News

What $1M buys in Africa: Lagos ranks as continent’s second-priciest land market

Only Cape Town proved pricier, with an equivalent outlay of $1 million securing roughly 329 square metres.

Omokolade Ajayi Omokolade Ajayi
Jabali Towers
LuxuryBusinessExclusive

Kenya’s newest skyscraper isn’t in Nairobi—and it’s already 80% sold

The proposed Jabali Towers, planned for the central business district of Tatu Central in Ruiru, envisions a twin-tower high-rise complex…

Omokolade Ajayi Omokolade Ajayi
The 175-night sailing aboard Azamara Onward departs Miami on Jan. 5, 2028, and concludes in Athens on June 29.
TourismBusiness

Azamara taps Cape Town as key hub for 2028 world cruise

At a Glance Azamara Cruises has put Cape Town at the heart of its 2028 World Cruise, a move that reflects a broader shift in how luxury cruise operators view Africa’s place in long-haul travel. By using the city as both an embarkation and disembarkation point, the line is giving Cape Town a role usually reserved for ports in North…

EPL
SportsHot News

Top 5 African sports leagues you should know 

These leagues are producing world-class athletes and lucrative broadcast deals, establishing Africa as a vibrant player in the global sports economy.

MCB
BusinessHot News

MCB structures $51 million financing for Tolaram’s Nigeria expansion

MCB has structured a $51 million loan for Tolaram, refinancing acquisition debt and supporting its expansion across Nigeria and Africa.

Feyisayo Ajayi Feyisayo Ajayi
Mtumba Government City in Dodoma
BusinessHot News

Tanzania to unveil massive $270 million government city in Dodoma

Tanzania will inaugurate the $270 million Mtumba Government City in Dodoma, anchoring 26 ministry headquarters to streamline state administration.

Omokolade Ajayi Omokolade Ajayi
San Francisco-based giant Uber Technologies Inc
TechnologyBusinessHot News

Nigerian watchdog probes Uber over sudden exit, trapped user funds

Nigeria’s antitrust watchdog launches an inquiry into Uber’s sudden exit after 12 years, targeting unpaid balances, driver earnings, and lost fares.

Omokolade Ajayi Omokolade Ajayi
South African businessman Adrian Gore
BusinessHot News

South African tycoon Adrian Gore to bag $7.5 million dividend as Discovery profit soars

South African tycoon Adrian Gore will receive a $7.56 million final dividend after Discovery’s annual profit surged 38.3 percent to $827.92 million.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

South African billionaire Patrice Motsepe set to receive nearly $40 million dividend from ARM

Patrice Motsepe is set to receive nearly $40 million from African Rainbow Minerals’ final dividend, taking his 2026 payout to $68.42 million.

Omokolade Ajayi Omokolade Ajayi
Carlos Vicente
BusinessHot News

Angolan businessman Carlos Vicente’s Standard Bank stake put on the block for $261 million

Angola’s Capital Markets Commission has approved the sale of Carlos São Vicente’s 34% Standard Bank Angola stake, valued at up to $261 million.

Feyisayo Ajayi Feyisayo Ajayi
Show More