Lagos-based petroleum marketing company Conoil Plc
EnergyBusinessHot News

Conoil reports 262% profit surge on $208 million fuel sales in 9M 2026

The performance reinforced the company’s capital position and widened retained earnings despite elevated finance charges.

Omokolade Ajayi Omokolade Ajayi
Kenyan dealmaker Christine Mwangi
InvestmentsBusinessHot News

Christine Mwangi-led AgDevCo Ventures invests $3 million in Uganda’s Newman’s Foods

The investment marks another deal following her successful effort to secure a $49 million first close for the fund in…

Omokolade Ajayi Omokolade Ajayi
Sandra Adu-Gyamfi
BusinessExecutivesHot NewsLatest

Guinness Ghana appoints Sandra Adu-Gyamfi as company secretary

Guinness Ghana appoints Sandra Adu-Gyamfi as company secretary, replacing Kelvin Boateng Koranteng and strengthening corporate governance leadership.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessHot News

Africa’s richest man, Aliko Dangote, raises investment target to $60 billion

Aliko Dangote raises his Africa investment pledge to $60 billion as a $2.5 billion fuel storage and pipeline project breaks…

Omokolade Ajayi Omokolade Ajayi
Oryx Energies
BusinessEnergyHot NewsLatest

Oryx Energies set to sell Zambian business, marking 4th asset sale in 20 days

Oryx Energies has agreed to sell its Zambian downstream business to Horizon Energies, marking its fourth African asset sale in…

Feyisayo Ajayi Feyisayo Ajayi
Saudi-backed Olam Agri
BusinessHot News

Saudi-backed Olam Agri is pouring $400 million into African food staples

Olam Agri plans a $400 million expansion across Africa, building feed mills and processing hubs to meet surging urban demand…

Omokolade Ajayi Omokolade Ajayi
South African executive Lwazi Bam
ExecutivesBusinessHot News

MTN Nigeria taps South African executive Lwazi Bam for board seat

Bam joined the parent company’s executive committee in June, steering enterprise risk, compliance protocols, and strategic delivery across 19 African…

Omokolade Ajayi Omokolade Ajayi
Yvonne Bajela
TechnologyBusinessHot News

Yvonne Bajela, British-Ghanaian tech backer, secures $17 million debut fund

The Ghanaian British investor is putting that experience behind her own venture capital firm, Evertrue Capital, which has closed an…

Omokolade Ajayi Omokolade Ajayi
Nigeria’s state-owned oil company, NNPC.
EnergyBusinessHot NewsMarkets

Following Aramco’s $1.7T playbook, Nigeria’s NNPC eyes 10% stake sale in IPO

The move marks a dramatic pivot toward operational transparency for the traditionally insular state enterprise.

Omokolade Ajayi Omokolade Ajayi
Nedbank
BusinessBankingHot NewsLatest

Nedbank wins 5-year legal battle to claim Mukansi family’s luxury home

Nedbank wins a five-year legal battle over the Mukansi family's Johannesburg home, with occupants ordered to vacate within 30 days.

Feyisayo Ajayi Feyisayo Ajayi
Eko Pearl Towers in Eko Atlantic
LuxuryExclusiveHot News

What $1M buys in Africa: Lagos ranks as continent’s second-priciest land market

Prime land in Lagos now costs $1 million for just 507 square metres, making Nigeria’s commercial capital Africa’s second-priciest market behind Cape Town.

world’s most important maritime chokepoints
BusinessHot News

20 world’s most important maritime chokepoints, like the Strait of Hormuz

Twenty strategic maritime chokepoints, from the Strait of Hormuz to Malacca, carry the bulk of global oil, cargo and trade flows.

Flamingo Casino
BusinessHot News

Sun International closes Flamingo Casino in South Africa after 24 years

Sun International closes Flamingo Casino after 24 years as mounting losses, online betting and Kimberley's economic struggles reshape the industry.

Oluwatosin Alao Oluwatosin Alao
Lagos-based petroleum marketing company Conoil Plc
EnergyBusinessHot News

Conoil reports 262% profit surge on $208 million fuel sales in 9M 2026

Conoil Plc recorded a 262 percent surge in net profit to $3.95 million as fuel demand lifted nine-month revenue to $208 million.

Omokolade Ajayi Omokolade Ajayi
Kenyan dealmaker Christine Mwangi
InvestmentsBusinessHot News

Christine Mwangi-led AgDevCo Ventures invests $3 million in Uganda’s Newman’s Foods

Christine Mwangi-led AgDevCo Ventures invests $3 million in Uganda’s Newman’s Foods to expand production and support smallholder farmers.

Omokolade Ajayi Omokolade Ajayi
Tourists in Kenya
TourismTravels

Kenya targets nearly 200,000 UK tourists as arrivals set to rise 16.8%

Kenya targets 199,645 UK visitors in 2026, using airline partnerships, digital marketing and new tourism experiences to drive growth.

Timilehin Adejumobi Timilehin Adejumobi
Chukwuerika Achum, founder & CEO Vivajets
BusinessInvestmentsTravels

Nigerian aviation mogul Chukwuerika Achum takes VivaJets into Francophone Africa     

VivaJets expands into Francophone Africa as Chukwuerika Achum grows its fleet, secures financing and pursues regional aviation deals.

Timilehin Adejumobi Timilehin Adejumobi
Turpaz Industries
BusinessCompaniesHot NewsLuxury

Israel’s Turpaz Industries enters South Africa’s fragrance market with $10.6 million acquisition

Israel’s Turpaz Industries acquires a 70% stake in South Africa’s Sensory FX for $10.6 million, expanding its African fragrance business.

Feyisayo Ajayi Feyisayo Ajayi
ARM's non-executive chairman, Patrice Motsepe.
BusinessBillionairesHot NewsLatestMining

Patrice Motsepe’s ARM faces fresh delay in bid to liquidate 2 South African mining firms

Patrice Motsepe’s ARM faces another court delay in its bid to liquidate two South African mining firms over creditor opposition.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola
BusinessBankingBillionairesHot NewsLatest

Femi Otedola’s First HoldCo stake slips to $1 billion, shedding $328 million in 3 days

Femi Otedola’s First HoldCo stake slips to $1.07 billion after a 23% share price decline wipes $328 million off its value in three days.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest person Aliko Dangote
BusinessBillionairesEnergyHot NewsLatest

Aliko Dangote’s $327 million investment boosts Kenya Pipeline Company’s value by $834 million

Kenya Pipeline Company gains $834 million in market value after Aliko Dangote acquires a 24.76% stake, driving shares to record highs.

Feyisayo Ajayi Feyisayo Ajayi