Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot NewsBusiness

Dangote Refinery valued at $39.1 billion in private placement as it seeks fresh capital

The pricing implies the valuation, placing the refinery just below South Africa’s Naspers, which boasts a market capitalization of $40.7…

Omokolade Ajayi Omokolade Ajayi
MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining gets $9.94 million funding to advance Makhado coal project

MC Mining secures $9.94 million funding to accelerate South Africa’s Makhado coal project toward production readiness and infrastructure buildout.

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBusinessHot News

MTN CEO Ralph Mupita: Nigerian, Ugandan fintech spinoffs entering final stages

The Johannesburg-based company is separating these units to fulfill a 2023 agreement with Mastercard.

Omokolade Ajayi Omokolade Ajayi
Ghana’s Sentuo oil refinery.
Hot NewsBusiness

Ecobank leads $200 million push to double Ghana’s Sentuo Oil Refinery capacity

The bank is organizing a syndicate of domestic, regional, and international lenders to secure the required capital.

Omokolade Ajayi Omokolade Ajayi
South African executive Dawie de Villiers.
Hot NewsBusiness

South African executive Dawie de Villiers steers Alexforbes to $44 billion in assets

The group said total closing assets rose in step with firm demand for its platform and retail offerings, even as…

Omokolade Ajayi Omokolade Ajayi
Business moguls reshaping African pharma
BusinessHot News

Top 10 pharmaceutical moguls behind Africa’s healthcare

Africa’s pharma sector pushes local production as import dependence exceeds 70%, exposing supply chains to global shocks and disruptions.

Feyisayo Ajayi Feyisayo Ajayi
Titan Fincap restructuring deal
BusinessBillionairesHot News

Titan Fincap restructures $305 million Shoprite share-backed financing in major collateral overhaul 

Titan Fincap has restructured $305 million Shoprite share-backed financing, consolidating collateral and derivative positions tied to Christo Wiese

Feyisayo Ajayi Feyisayo Ajayi
FirstRand earnings 2025
BusinessHot News

South African banker Harry Kellan earns $3 million pay at FirstRand in 2025

South African banker Harry Kellan earned $3.04 million in 2025 at FirstRand, overseeing First National Bank and WesBank leadership performance…

Feyisayo Ajayi Feyisayo Ajayi
NERC headquarters building in Abuja’s Central Business District, Nigeria’s capital administrative district.
Hot NewsBusiness

Nigeria’s power sector bleeds $230 million over unpaid energy bills in Q1 2026

11 utility firms failed to capture a significant portion of power supplied while failing to collect revenue from billed customers.

Omokolade Ajayi Omokolade Ajayi
Ultra-modern hospital in Kenya showcasing advanced medical facilities and contemporary architecture.
Hot NewsBusiness

Kenya’s cancer care drive gets boost with $4.7 million specialist hospital in Nairobi

The investment comes at a time when demand for cancer treatment continues to rise across Kenya.

Omokolade Ajayi Omokolade Ajayi
Nigerian mogul Samuel Bolarinde.
ExclusiveBusinessHot News

Nigerian mogul Samuel Bolarinde’s Vitafoam stake nears $25 million

This impressive increase represents a paper gain of N17.75 billion ($13.6 million) in less than six months, leaving the total…

Omokolade Ajayi Omokolade Ajayi
Boschendal wine estate transformation
LuxuryHot News

How Boschendal, sold for $50 million, became part of South African billionaire Tony Tabatznik’s winelands empire 

Boschendal evolved from a $50 million sale into a diversified rural economy under billionaire Tony Tabatznik’s Cape Winelands strategy.

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg-based investor Genevieve Sangudi.
Hot NewsBusiness

Johannesburg-based investor Genevieve Sangudi, partners lead Alterra to 10 exits in 30 months

The latest transaction is the sale of TiAuto Investments to Tokyo-listed trading and investment group Marubeni Corporation, which operates in…

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN targets Nigeria’s $236 billion credit gap with direct lending push

The strategy underscores MTN's plan to capture a larger share of Africa’s underserved credit market, where access to formal banking…

Omokolade Ajayi Omokolade Ajayi
Mama Ngina Kenyatta
Hot NewsBusiness

Brookside Dairy, owned by Kenya’s Kenyatta family, pays farmers $2 million

The payout is linked to targets aimed at improving hygiene standards, stabilizing output, and meeting defined quality thresholds.

Omokolade Ajayi Omokolade Ajayi
Victoria Falls Hotel stake sale
LuxuryHot News

Zimbabwe’s Meikles revives Victoria Falls Hotel stake sale 6 months after reversal

Meikles Limited plans to sell its 50% Victoria Falls Hotel stake, signaling strategic shift toward retail focus and governance tensions.

Feyisayo Ajayi Feyisayo Ajayi
MTC financial results H1 2026
BusinessHot NewsTechnology

MTC, Namibia’s largest mobile operator, posts $31 million profit in H1 2026

MTC reported $31 million H1 2026 profit as prepaid, roaming and enterprise growth lifted revenue 7.1% to $118.11 million in…

Feyisayo Ajayi Feyisayo Ajayi
Eskom Group CEO Dan Marokane speaking at Eskom launch event.
BusinessHot News

Eskom rolls out Eskom Green to expand renewable power and grid stability  

Eskom launches Eskom Green renewable energy unit to scale utility solar, wind and storage, strengthening South Africa’s grid stability and…

Timilehin Adejumobi Timilehin Adejumobi
Morocco textile recycling investment
BusinessHot News

IFC-backed Morocco textile recycling pilot signals $1.9 billion investment opportunity

IFC-backed Morocco textile recycling pilot shows $1.9 billion investment potential, proving large-scale viability and job creation prospects.

Feyisayo Ajayi Feyisayo Ajayi
South African packaged foods giant Tiger Brands Limited.
Hot NewsBusiness

Tiger Brands boosts solar rollout across seven plants as energy costs rise

The JSE-listed company has now switched on solar systems at seven factories, marking a further step in a long-running plan…

Omokolade Ajayi Omokolade Ajayi
Nokia launches Cairo hub to drive growth across Africa and Middle East
TechnologyBusiness

Nokia opens Cairo hub to expand operations across Africa and Middle East

Nokia is expanding its presence in Egypt, choosing Cairo as the base for a new regional operations hub that will support customers across the Middle East and Africa.  The decision comes as telecom companies face rising demand for stronger networks, faster response times and more reliable digital services. Growth in 5G, wider cloud adoption and heavier data use are pushing…

hemingways-nairobi-kenya
LuxuryTourism

Luxury brand Hemingways expands to Rwanda with Heaven Holdings acquisition

Hemingways expands into Rwanda with Heaven Holdings acquisition, entering East Africa’s luxury tourism market and boosting sustainable travel options.

Sirius Real Estate
BusinessHot News

Sirius Real Estate raises $213 million through bond issuances   

Sirius Real Estate raises $213 million through bond issuances, boosting liquidity and funding future growth plans.

Timilehin Adejumobi Timilehin Adejumobi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
Hot NewsBusiness

Dangote Refinery valued at $39.1 billion in private placement as it seeks fresh capital

Dangote Petroleum Refinery is valued at $39.1 billion in a private placement aiming to raise about $1 billion in fresh capital.

Omokolade Ajayi Omokolade Ajayi
MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining gets $9.94 million funding to advance Makhado coal project

MC Mining secures $9.94 million funding to accelerate South Africa’s Makhado coal project toward production readiness and infrastructure buildout.

Feyisayo Ajayi Feyisayo Ajayi
TechnologyBusinessHot News

MTN CEO Ralph Mupita: Nigerian, Ugandan fintech spinoffs entering final stages

MTN Group is in the final stages of spinning off its Nigerian and Ugandan fintech units, clearing the path for strategic minority stake sales.

Omokolade Ajayi Omokolade Ajayi
Ghana’s Sentuo oil refinery.
Hot NewsBusiness

Ecobank leads $200 million push to double Ghana’s Sentuo Oil Refinery capacity

Ecobank leads a $200 million syndicated facility to expand the $1.98 billion Sentuo refinery, cutting Ghana's dependency on foreign oil.

Omokolade Ajayi Omokolade Ajayi
South African executive Dawie de Villiers.
Hot NewsBusiness

South African executive Dawie de Villiers steers Alexforbes to $44 billion in assets

Alexforbes assets hit $44.4 billion under Dawie de Villiers as 2026 normalized profit jumps 22 percent amid retail and platform growth.

Omokolade Ajayi Omokolade Ajayi
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