Globacom
TechnologyBusinessHot News

Glo leads Nigeria’s telecom market with 1.2 million new internet subscribers in May

Nigeria added about 2.67 million internet subscribers during the month, up from 154.3 million in April.

Omokolade Ajayi Omokolade Ajayi
Chakib Alj
BusinessBillionairesHot News

Chakib Alj completes Forafric deal as food empire expands across Morocco

Chakib Alj completes Forafric Maroc takeover, expanding Cap Holding’s food business across Morocco’s flour, pasta and couscous market.

Omokolade Ajayi Omokolade Ajayi
Asante Gold
BusinessHot News

Asante Gold Expands Bibiani Resource as 3.7km Gold Corridor Confirmed in Ghana

Asante Gold confirms 3.7km mineralized corridor at Bibiani, boosting resources, underground potential, and long-term growth in Ghana.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric
Hot NewsBusiness

Elsewedy lands $350 million textile deal to boost Egypt’s manufacturing

Elsewedy secures $350 million textile investment with Crystal International, boosting Egypt’s industrial capacity and export manufacturing growth.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopian business executive Yodit Kassa
BusinessHot News

Yodit Kassa named CEO of Ethiopian Securities Exchange as market expansion accelerates

Kassa takes over at a pivotal time for Ethiopia's young capital market after spending years helping build the exchange from…

Omokolade Ajayi Omokolade Ajayi
BusinessBillionairesHot News

Femi Otedola nears $2 billion on Forbes as people close to him value fortune above $3 billion

The increase comes as Otedola continues to buy shares in the lender, lifting his ownership while renewed investor demand drives…

Omokolade Ajayi Omokolade Ajayi
South African executive Raisibe Morathi
Hot NewsBusiness

South African executive Raisibe Morathi’s pay climbs to $4.25 million at Vodacom

The increase was largely driven by long-term incentive (LTI) awards that vested in June 2026.

Omokolade Ajayi Omokolade Ajayi
Egyptian wheat supply linked to import diversification strategy.
Global NewsBusinessHot News

Global food prices hit 3-year high as grain shortages and extreme weather fuel fears

Attention in global agricultural markets has increasingly shifted beyond the initial disruption caused by the U.S.-Iran war.

Omokolade Ajayi Omokolade Ajayi
A customer experience centre operated by Airtel Africa in Kenya.
BusinessHot News

Airtel Kenya secures 25-year licence, ending years of regulatory hurdles in Kenya

Airtel Kenya secures 25-year licence, ending regulatory uncertainty and enabling long-term investment in broadband and digital infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Bahaeddine Bassatne
BusinessHot News

Lebanese tycoon Bahaeddine Bassatne’s BB Energy eyes $42 million for Africa LPG expansion

IFC plans up to $42 million backing for BB Energy’s $64 million LPG expansion across DR Congo, South Africa and…

Feyisayo Ajayi Feyisayo Ajayi
Akdital raises 130 million hospital expansion
BusinessHot News

Morocco’s Akdital sells 15% stake to Arab Invest to accelerate Saudi hospital expansion

Akdital sells 15% Saudi unit stake to Arab Invest to accelerate hospital expansion and scale its regional healthcare platform.

Feyisayo Ajayi Feyisayo Ajayi
labelvie
BusinessHot News

LabelVie raises $54 million to accelerate Morocco retail expansion

LabelVie raises $54 million bond to fund store expansion, boost logistics, and scale operations across Morocco’s growing retail market.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric
BusinessHot News

Elsewedy Electric expands Saudi footprint with Qiddiya, Monorail and solar projects

Elsewedy Electric completes Qiddiya cable supply, boosting Saudi infrastructure, energy projects and Vision 2030 ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Eni
BusinessHot News

Eni gets IFC support for $400 million Africa biofuel project 

IFC weighs up to $250 million financing for Eni’s $400 million Africa biofuel project, expanding agribusiness, supply chains, and rural…

Feyisayo Ajayi Feyisayo Ajayi
Ongwe Minerals
Hot NewsBusiness

Ongwe Minerals expands 6km gold discovery in Namibia, sets 5,000 m drilling campaign

Ongwe Minerals expands a 6km gold anomaly at Namibia’s Nguni prospect, advancing toward a 5,000-meter drilling campaign.

Feyisayo Ajayi Feyisayo Ajayi
Tina Rookledge
BusinessHot News

South African executive Tina Rookledge takes over as Pick n Pay’s finance chief

Pick n Pay appoints Tina Rookledge CFO after Lerena Olivier retires, advancing leadership succession and retailer turnaround strategy.

Feyisayo Ajayi Feyisayo Ajayi
Mbali Motanyane
BusinessHot News

South African executive Mbali Motanyane joins Exxaro following Dawood Cassim’s retirement

Exxaro appoints finance executive Mbali Motanyane as debt officer, succeeding retiring veteran Dawood Cassim after three decades.

Feyisayo Ajayi Feyisayo Ajayi
Close-up of South African Airways aircraft.
BusinessHot News

SAA, Emirates deepen alliance with expanded Africa route network

The deal moves the partnership into a reciprocal codeshare following recent regulatory approvals.

Omokolade Ajayi Omokolade Ajayi
African electric mobility company Spiro.
TechnologyBusinessHot News

Spiro opens seventh Rwanda battery swap hub after securing $270 million funding

The new facility significantly increases the company's capacity in Rwanda, allowing more riders to swap depleted batteries quickly instead of…

Omokolade Ajayi Omokolade Ajayi
Cameroonian businessman Elvis Mouafo
Hot NewsBusiness

Cameroonian businessman Elvis Mouafo launches Elvi Energy to enter petroleum sector

Elvis Mouafo launches Elvi Energy to enter Cameroon’s regulated petroleum market, pending approvals and strategy clarity.

Feyisayo Ajayi Feyisayo Ajayi
Marriott Cape Town
Hot NewsLuxury

Cape Town’s 10 Marriott hotels for business and leisure travelers

Each hotel offers something a little different, while still reflecting the city’s distinctive charm.

Metair $198 million debt refinance
BusinessHot News

South Africa’s Metair secures $198 million debt refinance, extends maturity to 5 years

Metair refinances $198 million debt, extending maturity to five years to ease pressure and support capital spending ahead of FY2026 shift.

Elon Musk
TechnologyBusinessHot News

Elon Musk’s net worth tops $800 billion again as SpaceX shares jump 15.8%

Elon Musk’s fortune rises above $800 billion as SpaceX shares jump 15.8 percent, lifting its market value to $1.75 trillion.

Omokolade Ajayi Omokolade Ajayi
Globacom
TechnologyBusinessHot News

Glo leads Nigeria’s telecom market with 1.2 million new internet subscribers in May

Globacom led Nigeria’s telecom operators in May, adding 1.2 million internet subscribers as the country’s total user base rose to 157 million.

Omokolade Ajayi Omokolade Ajayi
Chakib Alj
BusinessBillionairesHot News

Chakib Alj completes Forafric deal as food empire expands across Morocco

Chakib Alj completes Forafric Maroc takeover, expanding Cap Holding’s food business across Morocco’s flour, pasta and couscous market.

Omokolade Ajayi Omokolade Ajayi
TechnologyBusinessHot News

Senegalese financier Ibrahim Sagna-led Silverbacks invests $37 million in Lagos-founded Moove

Silverbacks Holdings invests $37 million in Moove, scaling its stake to over $62 million as the mobility giant expands.

Omokolade Ajayi Omokolade Ajayi
Asante Gold
BusinessHot News

Asante Gold Expands Bibiani Resource as 3.7km Gold Corridor Confirmed in Ghana

Asante Gold confirms 3.7km mineralized corridor at Bibiani, boosting resources, underground potential, and long-term growth in Ghana.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric
Hot NewsBusiness

Elsewedy lands $350 million textile deal to boost Egypt’s manufacturing

Elsewedy secures $350 million textile investment with Crystal International, boosting Egypt’s industrial capacity and export manufacturing growth.

Feyisayo Ajayi Feyisayo Ajayi
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