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
Adesuwa Okunbo Rhodes Aruwa Capital
BusinessHot News

Adesuwa Rhodes: Nigerian venture capitalist managing over $80 million in assets

Adesuwa Rhodes builds Aruwa Capital into a rising PE firm, managing about $80 million while backing high-growth African businesses.

Feyisayo Ajayi Feyisayo Ajayi
Egypt
BusinessHot News

Egypt lists Petroleum Marine Services, 3 others to advance state offerings program

Egypt lists four state firms on EGX, advancing offerings program, boosting transparency, and preparing assets for future public listings.

Feyisayo Ajayi Feyisayo Ajayi
Araxi shareholder sells shares to clear debt
BusinessHot News

Araxi shareholder sells 40 million shares to clear debt, cuts stake to 2.7%

Araxi shareholder CAET sells 40 million shares to repay debt, reducing stake to 2.7% and unlocking future beneficiary value.

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

Africa’s richest man Aliko Dangote loses $2.6 billion in less than one month

The decline underscores how quickly swings in the stock market can reshape the paper wealth of even the continent’s wealthiest…

Omokolade Ajayi Omokolade Ajayi
FlyGabon
Hot NewsBusiness

NAHCO lands FlyGabon deal, boosts solar cargo exports

The new three-year agreement with FlyGabon aligns with the carrier's entry into the Nigerian market.

Omokolade Ajayi Omokolade Ajayi
Alan raises $460 million after Kylian Mbappé
TechnologyBusinessHot News

Startup raises $460 million months after Kylian Mbappé’s backing

The funding round led by Prosus includes both primary and secondary equity.

Omokolade Ajayi Omokolade Ajayi
Casablanca Port
Hot NewsBusiness

How Morocco cut Casablanca Port delays in half to protect African food imports

Beyond agricultural imports, the port has also experienced unusually strong demand linked to Morocco’s ongoing infrastructure development plans through 2030.

Omokolade Ajayi Omokolade Ajayi
Beninese-Gabonese oil billionaire Samuel Dossou-Aworet
BillionairesBusinessHot News

Beninese-Gabonese oil billionaire Samuel Dossou-Aworet to pocket $8.9 million Aradel dividend after record year

The payment follows a record financial performance by Aradel in 2025, as higher production and earnings translated into larger rewards…

Omokolade Ajayi Omokolade Ajayi
Africa finance sector leaders
BusinessHot News

10 business icons shaping Africa’s finance sector

Africa’s top financiers are reshaping banking and fintech, driving cross-border growth, digital innovation, and financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi
Orascom Pyramids
Hot NewsTourism

Orascom Pyramids to invest $10 million in Giza Plateau expansion

Orascom Pyramids plans $10 million Giza expansion, targeting up to $70 million revenue and higher visitor spending through premium services.

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
BusinessHot News

Discovery co-founder Adrian Gore gains nearly $130 million as stake nears $1 billion

Discovery co-founder Adrian Gore gains nearly $130 million as stake nears $800 million

Feyisayo Ajayi Feyisayo Ajayi
Africa's youngest
Hot NewsBusiness

Africa’s youngest stock exchange welcomes Abay Bank as Ethiopia’s 5th listed entity 

Africa’s youngest stock exchange lists Abay Bank as fifth firm, signaling momentum in a gradually opening banking sector.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank housing finance investment
BusinessHot News

Standard Bank led by Sim Tshabalala gets $102 million to boost South Africa’s housing finance

IFC plans $102 million investment in Standard Bank bonds to expand affordable housing finance and boost South Africa’s banking resilience.

Feyisayo Ajayi Feyisayo Ajayi
Zimplats Zimbabwe solar project
BusinessHot News

Zimplats targets $54 million Zimbabwe solar project completion by June 2027

Zimplats targets June 2027 completion of $54 million solar project, adding 45MW to boost energy security and cut grid reliance.

Feyisayo Ajayi Feyisayo Ajayi
Yas Tanzania fiber investment Zanzibar
BusinessHot News

Malagasy businessman Hassanein Hiridjee’s Yas Tanzania targets 100,000 fiber subscribers with $114 million investment

Yas Tanzania plans $114.5 million fiber rollout in Zanzibar, targeting 100,000 subscribers to expand high-speed internet access.

Feyisayo Ajayi Feyisayo Ajayi
Jaiz Bank dividend payout 2025
BusinessHot News

Sa’adat Mohammed bags N450 million, re-elected as Jaiz Bank unveils N150 billion capital plan

Sa’adat Mohammed secures N450.58 million ($328,626) payout, wins re-election as Jaiz Bank approves N150 billion capital raise after strong earnings.

Feyisayo Ajayi Feyisayo Ajayi
World Bank
BusinessHot News

World Bank plans $23 million investment in Ardian carbon fund for Africa and emerging markets 

World Bank’s IFC plans $23 million investment in Ardian carbon fund targeting climate projects across Africa and emerging markets.

Feyisayo Ajayi Feyisayo Ajayi
TMG
BusinessHot News

Saudi Arabia opens property market to foreigners, boosting Talaat Moustafa’s expansion

Saudi Arabia opens real estate to foreign buyers, unlocking demand and boosting Talaat Moustafa Group’s expansion in key cities.

Feyisayo Ajayi Feyisayo Ajayi
federal Airlines Baobab Lounge - Hoedspruit
TourismLuxury

Federal Airlines opens Baobab Lounge at Hoedspruit Eastgate Airport

Federal Airlines, a South Africa’s leading private charter & shuttle flight, has opened its new Baobab Lounge at Hoedspruit Eastgate Airport in the Lowveld, expanding its ground services for travellers heading to safari destinations across the region.  The opening comes as the carrier scales up its scheduled Lowveld routes, part of its broader effort to streamline travel connections for passengers…

Kenya beverage industry leaders
BusinessHot News

10 leading beverage companies in Kenya

Kenya’s beverage sector draws global and local players as Nairobi anchors East Africa’s most resilient, fast-growing consumer drinks market.

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
ProvidusUnity Bank
BusinessHot NewsTechnology

ProvidusUnity Bank begins operations after landmark Nigeria bank merger

ProvidusUnity Bank began operations after the merger of Providus Bank and Unity Bank, expanding digital banking and financial inclusion.

Oluwatosin Alao Oluwatosin Alao
Aliko Dangote & Tanzania's president
BusinessHot News

Dangote Group, Tanzania discuss multibillion-dollar investments in energy and fertilizer 

Dangote Group Tanzania investment expands into energy, fertilizer and infrastructure after talks with Tanzania leadership.

Timilehin Adejumobi Timilehin Adejumobi
Perseus Mining invests $174 million in Tanzania ahead of gold production
BusinessHot News

Perseus Mining invests $174 million in Tanzania ahead of gold production

Perseus Mining invests in Tanzania’s Nyanzaga Gold Project, boosting jobs, taxes, and infrastructure ahead of 2027 output.

Oluwatosin Alao Oluwatosin Alao
TITAN Egypt
BusinessHot News

TITAN Egypt opens $11.4 million export silos at Alexandria cement plant

TITAN Egypt Export Silos strengthen Egyptian cement exports with new capacity targeting the U.S. and global markets.

Timilehin Adejumobi Timilehin Adejumobi
Chad Smart, co-founder of Capitalworks
BusinessHot News

Capitalworks launches $350 million South Africa private equity fund backed by IFC, Standard Bank  

Capitalworks Private Equity Fund IV South Africa launches $350 million fund backed by IFC and Standard Bank for mid-market growth.

Timilehin Adejumobi Timilehin Adejumobi
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