Vista Equity Together AI funding
BusinessBillionairesHot News

Vista Equity backs Together AI in $800 million funding as open-source AI gains ground

Vista Equity joins $800 million Together AI round, valuing startup at $8.3 billion as demand rises for lower-cost, open-source AI…

Feyisayo Ajayi Feyisayo Ajayi
Exxaro ESG governance transition
BusinessHot News

Exxaro navigates ESG gap after South African executive Karin Ireton retires at 70

Exxaro faces governance questions as ESG-focused director Karin Ireton retires amid its shift from coal to lower-carbon energy strategy.

Feyisayo Ajayi Feyisayo Ajayi
Africa private safari reserves
BusinessHot News

10 largest farms in Northern Cape, South Africa 

Northern Cape’s largest farms reveal a shift from livestock to conservation, irrigation, and solar energy across vast, water-scarce landscapes.

Feyisayo Ajayi Feyisayo Ajayi
Kakuzi land dispute Kenya
Hot NewsBusiness

Kenyan tycoon John Kimani’s Kakuzi appeals 3,200-acre land dispute

Kakuzi appeals order to surrender 3,200 acres, challenging NLC authority and raising investor concerns over Kenya land rights dispute.

Feyisayo Ajayi Feyisayo Ajayi
Cameroon's richest man Baba Ahmadou Danpullo.
BillionairesBusinessHot News

Cameroon’s richest man Baba Ahmadou Danpullo takes on aviation with $871 million investment

Construction of the Yaoundé airport is expected to begin in September 2026, with commercial operations targeted for 2030.

Omokolade Ajayi Omokolade Ajayi
Seychelles tourism decline May 2026
TourismHot News

Seychelles tourism arrivals fall 3.4% in May 2026 as cruise traffic drops

Seychelles arrivals fell 3.4% in May 2026 as cruise passenger traffic plunged sharply, signaling weaker tourism demand.

Feyisayo Ajayi Feyisayo Ajayi
Zenith Bank
BusinessHot News

After Kenya deal and Côte d’Ivoire launch, Zenith Bank expands with new branch in southern Nigeria

The new branch comes after a series of moves that have expanded Zenith Bank's presence beyond Nigeria over the past…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu reveals the single quality every African founder needs

For Elumelu, the difference between entrepreneurs who endure and those who fall away is not how they begin, but how…

Omokolade Ajayi Omokolade Ajayi
South Africa mining tycoons
BusinessBillionairesHot News

10 richest mining tycoons in South Africa

South Africa’s top mining tycoons shape global markets, driving growth across energy, finance, and infrastructure sectors.

Feyisayo Ajayi Feyisayo Ajayi
Osa Igiehon, Chief Executive Officer, Heirs Energies.
Hot NewsBusinessTechnology

Heirs Energies OML 17 JV, Redtech launch digital operations hub to boost Nigeria oil production

The move is part of the joint venture's broader effort to improve efficiency, strengthen asset reliability and support faster operational…

Omokolade Ajayi Omokolade Ajayi
South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi’s FirstRand stake tops $3.2 million as shares climb

The rise in the value of her holding reflects both investor confidence in FirstRand and the broader recovery in South…

Omokolade Ajayi Omokolade Ajayi
MCB- CoreX Côte d’Ivoire nickel acquisition
BusinessHot News

MCB backs $180 million CoreX Nickel deal in Côte d’Ivoire

MCB joins $180 million financing backing CoreX’s acquisition of Côte d’Ivoire nickel asset, boosting Africa mining exposure.

Feyisayo Ajayi Feyisayo Ajayi
Cell C market value decline
BusinessHot News

Brett and Mark Levy’s Cell C sheds $92 million 7 months post-listing on JSE

Cell C sheds $92 million in value seven months after JSE listing, as investor caution persists despite improving fundamentals.

Feyisayo Ajayi Feyisayo Ajayi
The European Investment Bank (EIB).
Hot NewsBusiness

EIB pledges more than $800 million for Morocco in 2026 as investment ties deepen

The new capital follows a period of EIB activity in the country.

Omokolade Ajayi Omokolade Ajayi
AGROFERT OCI deal
Hot NewsBusiness

Nassef Sawiris’ private firm in Cyprus moves forward with $4.7-per-share offer for OCI Global

Nassef Sawiris’ Cyprus-based firm advances $4.7-per-share bid for OCI Global, signaling progress toward full acquisition pending approvals.

Feyisayo Ajayi Feyisayo Ajayi
El Nasr Automotive Manufacturing Company.
BillionairesBusinessHot News

Egypt’s state-owned El Nasr Automotive boosts industry with China deal

The deal comes after a 15-year production freeze at the state-backed factory, which the government is now retrofitting to handle…

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

Nigerian billionaire Abdul Samad Rabiu loses $3.4 billion in under six weeks

According to the Bloomberg Billionaires Index, Rabiu’s net worth has dropped from $19.7 billion on May 19 to $16.3 billion…

Omokolade Ajayi Omokolade Ajayi
African Bank cost cuts and IPO delay
BusinessHot News

African Bank targets $73 million cost cuts after $38 million loss, delays IPO

African Bank posts $38 million loss, targets $73 million cost cuts, delays IPO amid rising impairments and integration challenges.

Feyisayo Ajayi Feyisayo Ajayi
Murray Roberts $77.3 million asset sale
BusinessHot News

Murray & Roberts completes $77.3 million deal to anchor business rescue plan

Murray & Roberts completes $77.3 million mining asset sale, advancing business rescue and stabilizing operations after prolonged financial strain.

Feyisayo Ajayi Feyisayo Ajayi
African tech unicorns
TechnologyHot News

Naspers, led by Koos Bekker, reports $10 billion in revenue for 2026

Naspers posts $10 billion revenue for 2026 as AI ecosystem growth drives profits, cash flow, and shareholder returns across global…

Feyisayo Ajayi Feyisayo Ajayi
IFC FirstRand agri-MSME bond
BusinessHot News

IFC backs FirstRand’s $95 million bond to fund South Africa’s agri-SMEs

IFC anchors FirstRand’s $95 million bond to boost South Africa’s agri-MSMEs, linking investor returns to environmental outcomes.

MTN
Hot NewsBusinessTechnology

South Africa becomes MTN’s biggest market as Nigeria revenue, earnings decline

The shift highlights the economic and regulatory pressures hampering telecom operations in Africa’s most populous country.

Vista Equity Together AI funding
BusinessBillionairesHot News

Vista Equity backs Together AI in $800 million funding as open-source AI gains ground

Vista Equity joins $800 million Together AI round, valuing startup at $8.3 billion as demand rises for lower-cost, open-source AI infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
World Bank
BusinessHot News

Nigeria lands $1.3 billion World Bank package to drive business growth

Nigeria World Bank package unlocks $1.3 billion to boost infrastructure, jobs, investment and business growth.

Timilehin Adejumobi Timilehin Adejumobi
Exxaro ESG governance transition
BusinessHot News

Exxaro navigates ESG gap after South African executive Karin Ireton retires at 70

Exxaro faces governance questions as ESG-focused director Karin Ireton retires amid its shift from coal to lower-carbon energy strategy.

Feyisayo Ajayi Feyisayo Ajayi
Adenia partners
BusinessHot News

Adenia Partners acquires majority stake in Minet Group from Capitalworks  

Adenia acquires Minet Group stake as Adenia Partners buys majority in Minet from Capitalworks, expanding Africa insurance growth.

Timilehin Adejumobi Timilehin Adejumobi
Standard Chartered
BusinessHot News

Uganda secures $126 million StanChart deal to boost road infrastructure

Uganda road infrastructure receives a $126 million StanChart boost to unlock mining growth and regional trade.

Timilehin Adejumobi Timilehin Adejumobi
Africa private safari reserves
BusinessHot News

10 largest farms in Northern Cape, South Africa 

Northern Cape’s largest farms reveal a shift from livestock to conservation, irrigation, and solar energy across vast, water-scarce landscapes.

Feyisayo Ajayi Feyisayo Ajayi
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