Kenya Pipeline Company IPO
BusinessHot News

Uganda secures $821.8 million stake in Kenya Pipeline IPO stake

Uganda secures $821.8 million stake in Kenya Pipeline IPO, boosting East Africa energy leverage and regional supply security.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Clean energy push could unlock 32,000 jobs in Mauritius by 2030

World Bank report says clean energy and ocean investment could create 32,000 jobs in Mauritius by 2030.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Days after Spar exit call, South African retail leader Angelo Swartz cites family as priority

South African retail leader Angelo Swartz steps back from Spar to focus on family and oversee a smooth leadership transition.

Omokolade Ajayi Omokolade Ajayi
Baba Ahmadou Danpullo Marble Towers
Hot NewsLuxury

How Baba Ahmadou Danpullo’s Marble Towers drives hard-currency rental income

Cameroonian richest Baba Ahmadou Danpullo anchors his South African property empire with Johannesburg landmark Marble Towers.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

After $34 million raise, Terra Industries joins DICON to boost Nigeria’s defense sector

Terra Industries partners with DICON to boost Nigeria’s defense technology, create jobs, and strengthen local production after a $34 million…

Omokolade Ajayi Omokolade Ajayi
Business

Ethiopia’s richest man, Mohammed Al Amoudi, loses $270 million in 23 days

Ethiopia’s richest man Mohammed Al Amoudi loses $270 million in 23 days as Preem stake revaluation trims his fortune to…

Omokolade Ajayi Omokolade Ajayi
BusinessTourism

East Africa’s safari operator, SafariCo, plans $72 million lodge expansion in Tanzania

SafariCo plans $72 million lodge expansion in Tanzania, adding 184 rooms and enhancing guest experience and sustainability.

Omokolade Ajayi Omokolade Ajayi
Rasik Kantaria FMB Capital loss
BusinessHot News

Kenyan investor and banker Rasik Kantaria loses $137 million from FMB Capital stake

Kenyan banker Rasik Kantaria loses $137 million as FMB Capital shares slide on Malawi exchange, trimming stake below $1 billion.

Feyisayo Ajayi Feyisayo Ajayi
Sasol H1 2026 results
BusinessHot News

Sasol posts 52% drop in earnings, revenue hits $7.66 billion in H1 2026

Sasol posts $7.66 billion H1 revenue as earnings drop on softer oil, weaker chemicals margins.

Feyisayo Ajayi Feyisayo Ajayi
Anadkat’s FMB Capital stake takes hit
BusinessHot News

Malawi’s richest man, Hitesh Anadkat, loses $290 million from FMB Capital stake

Hitesh Anadkat’s FMB Capital stake drops $290 million as shares slide, testing Malawi’s banking titan amid regional expansion.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Abdul Samad Rabiu taps Baglietto for superyacht after Bombardier jet order

Abdul Samad Rabiu taps Baglietto for a 60-meter superyacht to his luxury fleet following a Bombardier Global 8000 jet order.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Tullow Oil, partly owned by Beninese-Gabonese billionaire, secures $1.3B debt reprieve

Tullow Oil, partly owned by Beninese-Gabonese oil billionaire Samuel Dossou-Aworet, secures $1.3 billion debt relief to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
Baba Ahmadou Danpullo
BusinessHot News

Meet Cameroon’s richest man, Baba Ahmadou Danpullo, worth $900 million

Cameroon's richest man, Baba Ahmadou Danpullo, leads a vast empire spanning agriculture, telecoms, real estate, and cross-border trade.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Elon Musk, South Africa clash deepens over Starlink, 14,000 users at risk

Starlink dispute in South Africa deepens as 14,000 users risk service cutoff amid regulatory standoff.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

MTN Nigeria hits $12.1 billion, tops BUA Foods as Nigeria’s most valuable listed company

There is a quiet shift taking place on the Nigerian Exchange, one that says as much about investor conviction as…

Omokolade Ajayi Omokolade Ajayi
City Lodge Hotels South Africa
BusinessLuxury

Top 7 investors of City Lodge Hotels

City Lodge Hotels rebounds post-pandemic with over $124 million revenue, strong institutional backing, and strategic shareholder alignment.

Feyisayo Ajayi Feyisayo Ajayi
Rob Hersov Cape Winelands Airport
Hot NewsLuxury

South African billionaire Rob Hersov’s $500 million Cape Winelands Airport project faces final hurdle

Rob Hersov’s $500 million Cape Winelands Airport nears launch, pending final regulatory approval before construction begins.

Feyisayo Ajayi Feyisayo Ajayi
Proparco backs Wema Bank MSME loans
BusinessHot News

Wema Bank secures $5.9 million Proparco guarantee for MSME loans

Proparco partners with Wema Bank to deploy $5.9 million guarantee, boosting Nigerian MSME financing and economic growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Spar Group CEO Angelo Swartz exits, CFO Reeza Isaacs set to take over

Spar Group CEO Angelo Swartz exits; CFO Reeza Isaacs takes over, inheriting a leaner, more focused retailer navigating tech and…

Omokolade Ajayi Omokolade Ajayi
Coris targets Cabo Verde’s top bank
BusinessHot News

Idrissa Nassa’s Coris secures up to $100 million IFC backing for Cabo Verde bank acquisition

Coris Bank secures $100 million IFC loan to acquire 59.8% of Cabo Verde’s BCA, boosting regional banking expansion.

Feyisayo Ajayi Feyisayo Ajayi
Magda Wierzycka, founder and CEO of Sygnia
BusinessTechnology

South Africa’s richest woman Magda Wierzycka launches AI startup fund 

Magda Wierzycka launches AI fund in South Africa.

Timilehin Adejumobi Timilehin Adejumobi
Kenya Pipeline Company IPO
BusinessHot News

Uganda secures $821.8 million stake in Kenya Pipeline IPO stake

Uganda, through the Uganda National Oil Company (UNOC), has secured a $821.8…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Clean energy push could unlock 32,000 jobs in Mauritius by 2030

World Bank report says clean energy and ocean investment could create 32,000…

Omokolade Ajayi Omokolade Ajayi
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