Marwa Abbas
BusinessHot News

Raya Holdings names Egyptian executive Marwa Abbas as CEO of Raya Information Technology

Raya Holdings appoints IBM veteran Marwa Abbas as CEO of its IT arm to drive regional growth and digital transformation…

Feyisayo Ajayi Feyisayo Ajayi
Aradel general counsel Titilola Omisore
Hot NewsBusiness

Aradel general counsel Titilola Omisore sells $4.7 million stake as shares slide 37%

The shares were sold through the Nigerian Exchange in Lagos, with the disclosure made by Aradel's Compliance and Company Secretariat.

Omokolade Ajayi Omokolade Ajayi
Gauteng-born CEO Mpumi Madisa.
Hot NewsBusiness

Gauteng-born CEO Mpumi Madisa hits $3-million milestone with Bidvest shares

The increase follows a steady rise in Bidvest’s share price and adds her to the ranks of South African business…

Omokolade Ajayi Omokolade Ajayi
Luxury safari lodges in the Maasai Mara
Hot NewsTourism

Kenyan herders, activists sue to halt Maasai Mara resort boom

The legal challenge names specific properties, including the Ritz-Carlton safari lodge, Sala’s Camp, and Sand River Masai Mara by Elewana.

Omokolade Ajayi Omokolade Ajayi
QCIL
BusinessHot News

Uganda’s QCIL posts record $80 million revenue as profit surges to $16 million in 2026

Uganda’s QCIL reports record $80 million revenue as profit jumps 38.8% to $16 million, driven by efficiency, diversification and expansion.

Feyisayo Ajayi Feyisayo Ajayi
Chery Autos
Hot NewsBusiness

China’s Chery takes over South Africa plant to drive pan-African auto expansion

The handover, completed on Friday, follows an agreement announced in January.

Omokolade Ajayi Omokolade Ajayi
Idrissa Nassa
Hot NewsBusiness

Idrissa Nassa’s Coris Bank sets up Cameroon unit, awaits approval for market entry

Idrissa Nassa's Coris Bank sets up Cameroon unit with CFA26 billion ($45.33 million) capital, awaiting regulatory approval to launch operations…

Feyisayo Ajayi Feyisayo Ajayi
Anil Agarwal
BusinessHot News

Indian billionaire Anil Agarwal’s Vedanta delays CopperTech IPO amid market volatility

Anil Agarwal's Vedanta delays CopperTech IPO as volatile mining equities and U.S. policy risks unsettle investors before New York debut.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Lighthouse advances $121 million refinancing ahead of 2027 debt maturity

Lighthouse moves early to refinance $121 million debt tied to French retail assets ahead of 2027 maturity, citing strong lender…

Feyisayo Ajayi Feyisayo Ajayi
Ikeja Hotels dividend Otudeko
Hot NewsBusiness

Nigerian businessman Oba Otudeko eyes N137 million Ikeja Hotels dividend, after becoming second biggest investor

Oba Otudeko to earn N137.4 million Ikeja Hotels dividend after acquiring 14.12% stake, qualifying for dual-year payouts.

Feyisayo Ajayi Feyisayo Ajayi
Zeder asset disposal strategy
BusinessHot News

From builder to harvester: Inside Zeder’s more than half a billion dollar agribusiness exit strategy

Zeder exits agribusiness assets, unlocking over $675 million as it shifts from building to capital return strategy.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Jaffer empire Mombasa
BusinessHot News

Mohammed Jaffer’s empire: Power, controversy, making of modern Mombasa

Mohammed Jaffer’s empire shapes Mombasa’s economy, blending infrastructure gains with rising scrutiny over dominance, fuel scandal, and influence.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Namibia’s Capricorn Group director Elizabeth Fahl resigns from board

Capricorn Group director Elizabeth Fahl resigns after nearly five years, ending a tenure focused on governance and human capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
Nigeria’s state-owned oil company, NNPC.
Hot NewsBusiness

Nigeria’s NNPC revenue drops 13% to $3.15 billion despite steady oil output

Revenue fell by N636 billion ($463.7 million) from the N4.97 trillion ($3.62 billion) recorded in April.

Omokolade Ajayi Omokolade Ajayi
Sasini Tea Estate in Kenya, where tea, avocado, and macadamia crops are cultivated and harvested.
Hot NewsBusiness

Kenya eyes $8.3 billion agricultural plan to boost growth, slash food imports

The state-backed National Agri-Food Systems Investment Plan, or NASIP, covers the years 2026 through 2030.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBusiness

GTBank’s co-founder Fola Adeola loses $130 million in Aradel sell-off

The decline in Aradel mirrors a broader retreat across the Nigerian stock market, where several heavyweight companies have posted double-digit…

Omokolade Ajayi Omokolade Ajayi
FirstRand chair Johan Burger
Hot NewsBusiness

FirstRand chair Johan Burger’s stake tops $30 million despite UK regulatory drag

The increase reflects growing investor confidence in FirstRand, one of Africa's biggest financial institutions.

Omokolade Ajayi Omokolade Ajayi
Mantengu Averi acquisition
BusinessHot News

Mantengu flags potential reverse takeover in $120 million AVERI Finance asset deal

Mantengu renews cautionary notice on $120 million Averi deal, a potential reverse takeover expanding into energy and infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Stellantis NV
BusinessHot News

Stellantis weighs future of $183 million South Africa factory amid strategy shift

The delay comes as global automakers face intense competition from Asian rivals.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Africa’s richest man Aliko Dangote loses $743 million in 24 hours

The latest decline mirrors another sharp fall in Dangote Cement shares on the Nigerian Exchange (NGX).

Omokolade Ajayi Omokolade Ajayi
Grocery chains in Namibia retail sector
BusinessHot News

Africa’s listed retail chains worth over $1 billion valuation

Africa’s listed retail giants top $1 billion in value, led by South African chains scaling through discount, pharmacy and premium models.

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

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

Heirs Energies OML 17 JV and Redtech launch a digital operations hub to monitor real-time data, boost asset reliability, and raise Nigeria oil output.

Mabani Jabali Towers' signing
BusinessHot News

Saudi’s Mabani buys into Kenya’s Jabali Towers in first property deal 

Mabani Aljazeera Jabali Towers Kenya deal marks Saudi firm’s entry into Nairobi real estate via Tatu City project stake purchase.

Timilehin Adejumobi Timilehin Adejumobi
Marwa Abbas
BusinessHot News

Raya Holdings names Egyptian executive Marwa Abbas as CEO of Raya Information Technology

Raya Holdings appoints IBM veteran Marwa Abbas as CEO of its IT arm to drive regional growth and digital transformation across key markets.

Feyisayo Ajayi Feyisayo Ajayi
Aradel general counsel Titilola Omisore
Hot NewsBusiness

Aradel general counsel Titilola Omisore sells $4.7 million stake as shares slide 37%

Aradel Holdings General Counsel Titilola Omisore divests 5 million shares for $4.7 million as the energy firm's stock drops 37 percent.

Omokolade Ajayi Omokolade Ajayi
Gauteng-born CEO Mpumi Madisa.
Hot NewsBusiness

Gauteng-born CEO Mpumi Madisa hits $3-million milestone with Bidvest shares

Mpumi Madisa hits a $3 million milestone as Bidvest Group shares climb on the JSE, driven by strong half-year earnings.

Omokolade Ajayi Omokolade Ajayi
QCIL
BusinessHot News

Uganda’s QCIL posts record $80 million revenue as profit surges to $16 million in 2026

Uganda’s QCIL reports record $80 million revenue as profit jumps 38.8% to $16 million, driven by efficiency, diversification and expansion.

Feyisayo Ajayi Feyisayo Ajayi
Chery Autos
Hot NewsBusiness

China’s Chery takes over South Africa plant to drive pan-African auto expansion

Chery takes over Nissan's former South African plant, investing millions of dollars to build an export hub and hit 100,000 annual vehicle sales.

Omokolade Ajayi Omokolade Ajayi
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