Prosus Delivery Hero stake sale
BusinessHot News

South Africa’s Prosus sells $319 million Delivery Hero stake to Uber

Prosus sells $318 million Delivery Hero stake to Uber, meeting EU conditions while unlocking value from its global food delivery…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South African billionaire Tshepo Mahloele offloads Capitec shares worth over $840 million

South African billionaire Tshepo Mahloele has reduced his indirect Capitec stake, offloading shares worth about $840m, JSE filing shows disclosed

Feyisayo Ajayi Feyisayo Ajayi
Sameer Africa profit 2025
BusinessHot News

Merali family’s Sameer Africa posts $2.1 million profit in 2025

Merali family-owned Sameer Africa posted $2.1 million profit in 2025, driven by revenue growth, efficiency gains and stronger operations outlook.

Feyisayo Ajayi Feyisayo Ajayi
Cameroon cocoa downturn
BusinessHot News

Cameroon’s richest woman Kate Fotso’s Telcar Cocoa faces weakest cocoa prices in 3 years

Cameroon’s cocoa slump hits Telcar Cocoa as prices fall below expectations, marking weakest season in three years.

Feyisayo Ajayi Feyisayo Ajayi
PSG Financial Services dividend
BusinessHot News

South African billionaire Mouton family’s PSG Financial Services declares $50 million dividend payout

PSG Financial Services declares $49.48 million dividend as earnings, assets under management and profitability rise in 2026.

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

UK, IFC sign $3.1 million deal to expand agribusiness financing in DR Congo

UK and IFC have signed a $3.1 million deal to expand agribusiness financing in DR Congo, boosting credit access for…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Uchumi Supermarkets, under restructuring, says it is Ksh7.05 billion ($55 million) insolvent as of June 2025, signaling financial strain ahead…

Feyisayo Ajayi Feyisayo Ajayi
Tharisa Karo Platinum Zimbabwe
BusinessHot News

South Africa’s Tharisa advances $391 million to complete phase 1 of Karo project in Zimbabwe

Tharisa nears full financing for its $391 million Karo Platinum project in Zimbabwe, targeting first production by H2 2027.

Feyisayo Ajayi Feyisayo Ajayi
OCP workers operating at a phosphate production facility in Morocco.
BusinessHot News

Morocco’s OCP raises $1.5 billion in first international hybrid bond

The transaction was split into two tranches, offering investors different maturities and yields.

Omokolade Ajayi Omokolade Ajayi
Dangote refinery fuel price increase
BusinessHot News

Aliko Dangote’s $50 billion refinery IPO set to create Africa’s most valuable company

A listing at the upper end of the $50 billion valuation range would lift the Nigerian Exchange’s total market cap…

Omokolade Ajayi Omokolade Ajayi
Ecobank 2025 financial results
BusinessHot News

Ecobank posts $594 million profit amid surging returns in 2025

Ecobank posts $594 million profit in 2025 as revenue rises 17%, driven by diversification, digital growth and strong execution.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Elumelu’s Heirs Energies Holds $800m Seplat Stake as Stock Hits Historic N10,000

Seplat closed trading on April 14 at N10,450 per share, becoming the first company in the Nigerian Exchange's 65-year history…

Editorial Team Editorial Team
Emira Octodec stake increase
BusinessHot News

South Africa’s Emira Property Fund raises Octodec stake with $40.2 million cash offer

Emira Property Fund lifts Octodec stake, launches cash offer to reach 34.9%, signaling deeper push into South Africa’s listed property…

Feyisayo Ajayi Feyisayo Ajayi
Talaat Moustafa Group market value growth
BusinessHot News

TMG hits $3.4 billion in market capitalization, becomes Africa’s second-largest listed REIT

TMG adds $300 million in value as profit jumps 42%, driven by record sales, SouthMED growth and regional expansion.

Feyisayo Ajayi Feyisayo Ajayi
Ezz Steel Algeria expansion
BusinessHot News

Egypt’s Ezz Steel eyes $780 million Algeria expansion to boost regional footprint

Ezz Steel plans a $780 million Algeria expansion, boosting exports, capacity growth, and North Africa’s industrial footprint.

Feyisayo Ajayi Feyisayo Ajayi
Wema Bank insider loan
BusinessHot News

Wema Bank reports N105 million insider loan linked to gaming tycoon Kessington Adebutu

Wema Bank discloses N105.84 million ($78,647) insider loan tied to Kessington Adebutu, highlighting related-party exposure and strong 2025 financial growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa Bitcoin Corporation restructures Bambanani amid rising losses

Africa Bitcoin Corporation is restructuring Bambanani Family Group amid widening losses, closing Melville and pivoting to digital food sales.

Feyisayo Ajayi Feyisayo Ajayi
Citi boost South Africa financing
BusinessHot News

IFC, Citi seal $98 million deal to boost local currency financing in South Africa

IFC and Citigroup seal $98 million rand facility to expand local currency financing and reduce volatility risks in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Russell Crawford Stefanutti Stocks salary
BusinessHot News

Russell Crawford pockets $1.9 million as Stefanutti Stocks profit surges 727% in 2025

Russell Crawford earns $1.01 million as Stefanutti Stocks CEO, driven by incentives and strong 2025 profit growth.

Feyisayo Ajayi Feyisayo Ajayi
Shell logo on a fuel nozzle at a retail station.
BusinessHot News

Shell in $1 billion talks to sell South African fuel outlets to UAE’s ADNOC

ADNOC has emerged as the preferred bidder after negotiations between Shell and commodity trader Gunvor Group collapsed.

Omokolade Ajayi Omokolade Ajayi
Cleanest African capitals
Hot NewsTourism

10 cleanest capitals in Africa to visit in 2025

Africa’s capitals are redefining urban living with cleaner streets, smarter policies, and civic-driven city pride.

A farmer operates a harvester in a rice field, collecting mature crops for processing.
BusinessLuxury

GAFSP allocates $14 million to AfDB for private investment

At a Glance The Global Agriculture and Food Security Program (GAFSP) has approved a $14 million allocation to the African Development Bank (AfDB) to strengthen food security and boost private investment across Africa’s agricultural sector. The funding, announced this week, marks the first allocation under GAFSP’s new private-sector financing window and aims to make agricultural lending more attractive and sustainable…

Microsoft
BusinessTechnology

Microsoft expands Africa footprint with $329 million South Africa investment

Microsoft invests $329 million in South Africa to expand cloud infrastructure, scale AI capacity, and strengthen the digital skills pipeline.

Timilehin Adejumobi Timilehin Adejumobi
Prosus Delivery Hero stake sale
BusinessHot News

South Africa’s Prosus sells $319 million Delivery Hero stake to Uber

Prosus sells $318 million Delivery Hero stake to Uber, meeting EU conditions while unlocking value from its global food delivery holdings.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South African billionaire Tshepo Mahloele offloads Capitec shares worth over $840 million

South African billionaire Tshepo Mahloele has reduced his indirect Capitec stake, offloading shares worth about $840m, JSE filing shows disclosed

Feyisayo Ajayi Feyisayo Ajayi
Elektron, Odu'a Investment $40 million power plant
BusinessHot News

Odu’a Investment, Elektron Energy to build $40 million Lagos power plant

Odu’a, Elektron launched a $40 million embedded power plant in Lagos to deliver reliable energy and cut costs for manufacturers.

Timilehin Adejumobi Timilehin Adejumobi
Sameer Africa profit 2025
BusinessHot News

Merali family’s Sameer Africa posts $2.1 million profit in 2025

Merali family-owned Sameer Africa posted $2.1 million profit in 2025, driven by revenue growth, efficiency gains and stronger operations outlook.

Feyisayo Ajayi Feyisayo Ajayi
Cameroon cocoa downturn
BusinessHot News

Cameroon’s richest woman Kate Fotso’s Telcar Cocoa faces weakest cocoa prices in 3 years

Cameroon’s cocoa slump hits Telcar Cocoa as prices fall below expectations, marking weakest season in three years.

Feyisayo Ajayi Feyisayo Ajayi
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