Jim Ovia, founder of Zenith Bank.
Hot NewsBusinessLuxury

Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

Now, as he steps back from the chairmanship of the institution he created, he is directing more resources toward luxury…

Omokolade Ajayi Omokolade Ajayi
Indorama phosphate fertilizer project
BusinessHot News

Egypt’s $520 million fertilizer plant attracts $174 million debt package from IFC

Egypt’s $520 million fertilizer plant secured potential $174 million IFC debt package to expand phosphate output and boost exports in…

Feyisayo Ajayi Feyisayo Ajayi
Omnia Holdings earnings growth
BusinessHot News

South Africa’s Omnia Holdings posts $83 million profit as agriculture, mining drive growth

Omnia Holdings posts 25% profit growth as Agriculture and Mining drive earnings, while Chemicals rebounds on restructuring.

Feyisayo Ajayi Feyisayo Ajayi
Evening skyline of Johannesburg, South Africa, showcasing the city’s financial district and urban landscape.
Hot NewsBusiness

South Africa’s GDP rises 0.5% in Q1, but spending and investment weaken

Year-over-year, first-quarter output rose 1.9 percent, following a 0.8 percent increase in the prior quarter.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
LuxuryBusinessHot News

Nigerian billionaire Abdul Samad Rabiu takes delivery of Bombardier Global 8000, world’s fastest business jet

Abdul Samad Rabiu takes delivery of Bombardier's Global 8000 jet to boost BUA Group's global business travel.

Omokolade Ajayi Omokolade Ajayi
Glencore Larvotto gold offtake
BusinessHot News

Glencore ties with Australia’s Larvotto as it signs 7-year gold offtake deal ahead of production

Glencore signs seven-year gold offtake deal with Australia’s Larvotto ahead of 2026 production start in New South Wales mine agreement…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu named chairman of Seplat Energy

Senator Udoma, who joined the board in December 2023 and became independent chairman in April 2024, plans to retire at…

Omokolade Ajayi Omokolade Ajayi
Tatu City stake dispute Kenya
BusinessHot News

Firm linked to Kenyan industrialist Vimal Shah loses $16 million Tatu City stake battle

Privy Council ruling clears sale of Vimal Shah-linked stake in Tatu City, ending decade-long ownership dispute.

Feyisayo Ajayi Feyisayo Ajayi
Aysha Wind Project Ethiopia
Hot NewsBusiness

Ethiopia’s $507 million Aysha Wind Project advances with IFC-proposed financing

Ethiopia nears financing for $507 million Aysha Wind project as IFC proposes up to $65 million investment in 300.2MW renewable…

Feyisayo Ajayi Feyisayo Ajayi
Rajabali brothers NMB Bank stake
BusinessHot News

Wealthy Rajabali brothers’ NMB Bank stake climbs to $126.4 million on stock rally

Rajabali brothers’ NMB Bank stake hits $126.4 million as shares rally on strong earnings, lifting investor confidence in Tanzania’s leading…

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBillionairesBusinessHot News

Google’s $30 billion deal strengthens case for Elon Musk’s SpaceX $1.77 trillion IPO

This multi-billion-dollar commitment provides immediate financial validation for the valuation metrics outlined in SpaceX’s updated initial public offering prospectus.

Omokolade Ajayi Omokolade Ajayi
MTN Group rolls out MTN One TV
TechnologyBusinessHot News

MTN launches One TV to drive digital entertainment across Africa

The platform combines local programs, live television channels, international shows, and on-demand content in a single offering.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Emmanuel Omuojine.
Hot NewsBusiness

Nigerian executive Emmanuel Omuojine, an ex-PwC manager, takes helm at Rainoil

Omuojine steps into the role with more than a decade of experience within the Rainoil Group and a background that…

Omokolade Ajayi Omokolade Ajayi
Kainji Hydro Power Plant Kainji Dam, located in Borgu LGA of Niger State.
Hot NewsBusiness

New project at Nigeria’s Kainji dam aims to stabilize power grid

The new infrastructure will enable the company to transmit 220 megawatts of electricity from its 1G3 and 1G4 generating units…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egyptian fintech unicorn MNT-Halan secures Al Ahly Capital backing as valuation hits $1.4 billion

MNT-Halan secures Al Ahly Capital investment, reaching $1.4 billion valuation as Egypt’s fintech sector attracts institutional capital.

Feyisayo Ajayi Feyisayo Ajayi
Ecobank Ghana Abena Osei-Poku
BusinessHot News

Meet Abena Osei-Poku: Ghanaian banker behind billion-dollar lender, Ecobank Ghana

Abena Osei-Poku leads Ecobank Ghana, driving steady asset growth, profit gains, efficiency, and regional banking strategy across West Africa.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian fintech startup, Blnk
TechnologyBusinessHot News

Egyptian fintech startup, Blnk, raises $37 million to scale AI-driven consumer lending

The company said the new capital will support expansion of its consumer finance operations in Egypt, with a focus on…

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
BillionairesBusinessHot News

Africa’s first Black billionaire Patrice Motsepe loses $800 million in under five months

Much of the recent decline in Motsepe’s fortune can be traced to the mining companies that form the core of…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
Hot NewsBusiness

Nigeria’s United Capital enters East Africa, clinches operating licenses in Ethiopia, Rwanda

The expansion into East Africa follows a year of expansion across French-speaking West Africa.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
Hot NewsBillionairesBusiness

Aliko Dangote’s net worth nears $40 billion as refinery eyes $50 billion IPO

The year-to-date increase in his wealth is tied directly to his 86.82 percent equity stake in Dangote Cement, a holding…

Omokolade Ajayi Omokolade Ajayi
How Pick n Pay rides clothing, online boom with Boxer to lift group sales
BusinessHot News

How Pick n Pay rides clothing, online boom with Boxer to lift group sales

Pick n Pay lifts group sales 4.3%, powered by Boxer, online delivery and booming clothing segment despite store closures.

TechnologyHot News

Inside Khabib Nurmagomedov’s $10 billion partnership with MultiBank to tokenise global sports

MultiBank partners with MMA icon Khabib Nurmagomedov to launch a $10B tokenised sports venture blending blockchain and fitness.

Jim Ovia, founder of Zenith Bank.
Hot NewsBusinessLuxury

Nigerian banker Jim Ovia says real estate beats banking, doubles down on luxury Lagos towers

Jim Ovia pivots from banking to luxury Lagos real estate, investing in high-end towers priced up to $2.8 million for wealthy buyers and diaspora investors.

Omokolade Ajayi Omokolade Ajayi
Old Mutual Bank
BusinessHot News

Old Mutual Bank adds senior executives as Africa banking push intensifies

Old Mutual Bank hires senior executives as it prepares to challenge Capitec and expand its banking business in South Africa.

Oluwatosin Alao Oluwatosin Alao
Indorama phosphate fertilizer project
BusinessHot News

Egypt’s $520 million fertilizer plant attracts $174 million debt package from IFC

Egypt’s $520 million fertilizer plant secured potential $174 million IFC debt package to expand phosphate output and boost exports in Ain Sokhna, Egypt region

Feyisayo Ajayi Feyisayo Ajayi
Omnia Holdings earnings growth
BusinessHot News

South Africa’s Omnia Holdings posts $83 million profit as agriculture, mining drive growth

Omnia Holdings posts 25% profit growth as Agriculture and Mining drive earnings, while Chemicals rebounds on restructuring.

Feyisayo Ajayi Feyisayo Ajayi
Alcazar Energy-Egypt Gabal El Zeit wind farm deal signing
BusinessHot News

Alcazar Energy lands $420 million deal on Egypt wind farm expansion

Alcazar Energy Egypt wind farm deal worth $420M expands Gabal El Zeit project, boosting Egypt’s renewable energy transition.

Timilehin Adejumobi Timilehin Adejumobi
Wanatu ride
TechnologyBusiness

Wanatu ride-hailing app rolls out major upgrade across Africa

Wanatu upgrades its ride-hailing app in South Africa with new features, improved UX, and expanded mobility services.

Oluwatosin Alao Oluwatosin Alao
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