Adewale Tinubu, chief executive officer of Oando Plc, plans a $750 million drilling campaign following the company's Angola oil block win.
BusinessHot News

After Angola oil win, Nigerian energy mogul Adewale Tinubu plans $750 million drilling campaign

Tinubu, chief executive officer of Oando, said higher energy prices and supply disruptions are drawing renewed attention to African oil…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Top 5 billion-dollar companies on the Dar es Salaam Stock Exchange

Five billion-dollar firms dominate Dar es Salaam exchange, driving liquidity, investor confidence, and Tanzania’s capital market growth.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric Saudi substations
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Egypt’s Elsewedy Electric expands Saudi grid with six high-voltage substations

Elsewedy Electric delivers six substations in Saudi Arabia, boosting grid reliability and supporting rising power demand across key regions.

Feyisayo Ajayi Feyisayo Ajayi
Mary Vilakazi, First female Chief Executive Officer of FirstRand, South Africa’s $30 billion banking group.
BusinessExclusiveHot News

Mary Vilakazi: First female CEO of South Africa’s $30 billion lender, FirstRand

From Alexandra to leading a $30 billion lender, Mary Vilakazi’s career reflects a steady rise through some of South Africa’s…

Omokolade Ajayi Omokolade Ajayi
Centum share buyback Kenya
BusinessHot News

Kenyan investment firm Centum completes share buyback, acquires 10.8 million shares

Centum completes share buyback, acquiring 10.8 million shares to strengthen capital structure and boost long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Fani Titi Investec compensation 2025
BusinessHot News

Fani Titi earns $4.51 million as Investec CEO pay drops 36% in 2025

Investec CEO Fani Titi earns $4.51 million in 2025, as compensation drops 35.9% on weaker long-term incentives despite steady leadership.

Feyisayo Ajayi Feyisayo Ajayi
Wema Bank fraud losses Nigeria
BusinessHot News

Wema Bank records $5.3 million fraud exposure as insider risks climb in Nigeria

The disclosure also points to a familiar challenge across Nigeria’s financial system: internal control lapses accounted for the bulk of…

Editorial Team Editorial Team
Fani Titi Investec compensation 2025
BusinessHot News

Investec secures $200 million IFC loan to scale green housing finance in South Africa

Investec secures $200 million IFC loan to expand green housing finance and accelerate low-carbon property development in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Gemfields mining revenue governments Africa
BusinessHot News

Gemfields reports up to 26% revenue share to African governments from ruby, emerald operations

Gemfields says up to 26% of African mining revenue went to governments over a decade, reinforcing transparency and fiscal impact.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket N806 billion from BUA Foods, Cement

BUA Foods proposed a dividend totaling about N504 billion ($364 million), while BUA Cement recommended N338.6 billion ($248.2 million).

Omokolade Ajayi Omokolade Ajayi
BusinessExclusiveHot News

$3.3 billion gold offtake deal links Singapore’s Trafigura with Ghanaian mine

The deal includes $65 million in debt financing to restart the mine’s oxide ore operations.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s richest man, Johann Rupert, gains $1.7 billion on Richemont rebound

Rupert owns 10.18 percent of Richemont and controls about 51 percent of the voting rights, giving him significant influence over…

Omokolade Ajayi Omokolade Ajayi
2030 FIFA World Cup
EntertainmentHot NewsSports

Morocco’s creative sector poised for growth ahead of 2030 FIFA World Cup, $4.6 billion opportunity

Morocco’s creative industries surge ahead of 2030 FIFA World Cup, generating $4.6B revenue and 116,000 jobs.

Feyisayo Ajayi Feyisayo Ajayi
RMH South Africa takeover
BusinessHot News

South Africa’s RMH moves to overhaul board as AttBid takeover nears completion

South Africa’s RMH nears full takeover by AttBid, triggering board overhaul and signaling the final step in asset monetization.

Feyisayo Ajayi Feyisayo Ajayi
Zenith Bank regulatory penalties Nigeria
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Zenith Bank pays $1.4 million in penalties as Nigeria’s regulatory dragnet tightens

Zenith Bank paid $1.4 million in 2025 fines as CBN scrutiny intensifies, despite improved compliance and lower penalties year-on-year.

Feyisayo Ajayi Feyisayo Ajayi
Wole Oshin Custodian payout
BusinessHot News

Nigerian insurance tycoon Wole Oshin to pocket $2.8 million from Custodian Investment

Wole Oshin to earn $2.8 million dividend as Custodian Investment posts strong 2025 earnings and robust revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Ghanaian businessman Ibrahim Mahama.
BusinessHot News

Ghanaian businessman Ibrahim Mahama wins bid to take over Damang gold mine from Gold Fields

Gold Fields is scheduled to formally hand over the mine on April 18, with a state-appointed team managing interim operations…

Omokolade Ajayi Omokolade Ajayi
Algerian billionaire Issad Rebrab.
BusinessExclusiveHot News

Algeria’s richest man Issad Rebrab regains $1.1 billion as Cevital stabilizes

Over the past two years, however, Rebrab has regained $1.1 billion as segments of the diversified group stabilized and performance…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

NNPC ships first cargo of new crude grade to Netherlands, advancing Nigeria’s oil trade

The 950,000-barrel cargo was loaded onto the MT Eburones on April 5.

Omokolade Ajayi Omokolade Ajayi
Folasope Aiyesimoju earnings
BusinessHot News

Nigeria’s youngest dealmaker, Folasope Aiyesimoju, to pocket N743.08 million from UAC

Nigeria’s youngest dealmaker, Folasope Aiyesimoju, to pocket N743.08 million ($539,117) as UAC declares record $2.12 million dividend for 2025.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank Africa branch network
BusinessHot News

Top 10 Africa’s biggest companies by assets

Africa’s top firms drive economic growth, innovation, and global trade, with banking, telecom, and energy giants shaping the continent’s business landscape.

Africa pharmaceutical market
BusinessHot News

10 biggest pharmaceutical firms in Africa

Africa’s pharmaceutical market is accelerating as global drugmakers and local firms expand manufacturing, generics and vaccines to meet needs.

Adewale Tinubu, chief executive officer of Oando Plc, plans a $750 million drilling campaign following the company's Angola oil block win.
BusinessHot News

After Angola oil win, Nigerian energy mogul Adewale Tinubu plans $750 million drilling campaign

After Angola oil win, Oando plans $750 million drilling campaign targeting 300 percent output growth across West Africa.

Omokolade Ajayi Omokolade Ajayi
DCB Bank CEO Sabasaba Moshingi
BusinessExclusive

Meet Sabasaba Moshingi: CEO of DCB, Tanzania’s first listed lender

DCB Bank CEO Sabasaba Moshingi leads a turnaround strategy in Tanzania focused on digital banking, growth and financial inclusion.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

Top 5 billion-dollar companies on the Dar es Salaam Stock Exchange

Five billion-dollar firms dominate Dar es Salaam exchange, driving liquidity, investor confidence, and Tanzania’s capital market growth.

Feyisayo Ajayi Feyisayo Ajayi
Emaar Misr Building
BusinessHot News

Emaar Misr unveils $1.1 billion residential project in Egypt

Emaar Misr unveils $1.1bn Belle Vie project near Cairo with villas, apartments, and premium amenities targeting rising demand

Timilehin Adejumobi Timilehin Adejumobi
Elsewedy Electric Saudi substations
BusinessHot News

Egypt’s Elsewedy Electric expands Saudi grid with six high-voltage substations

Elsewedy Electric delivers six substations in Saudi Arabia, boosting grid reliability and supporting rising power demand across key regions.

Feyisayo Ajayi Feyisayo Ajayi
Mary Vilakazi, First female Chief Executive Officer of FirstRand, South Africa’s $30 billion banking group.
BusinessExclusiveHot News

Mary Vilakazi: First female CEO of South Africa’s $30 billion lender, FirstRand

Mary Vilakazi oversees FirstRand, positioning the group at the center of Africa’s expanding financial services industry.

Omokolade Ajayi Omokolade Ajayi
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