Namibia cancer care
BusinessHot News

Salt Capital, Proparco acquire Namibia’s NOC to expand cancer care access

Salt Capital, Proparco acquire Namibia’s oncology leader NOC, boosting private investment and expanding access to specialized cancer care.

Feyisayo Ajayi Feyisayo Ajayi
Alain Nkontchou dividend
BusinessHot News

Cameroonian banker Alain Nkontchou to pocket $9.6 million as Ecobank resumes dividends

Alain Nkontchou to earn $9.6 million as Ecobank resumes dividends, backed by strong 2025 profit and revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Sameer Africa land sale Kenya
BusinessHot News

Merali family’s Sameer Africa moves to close $7.1 million land sale to settle legacy gaps

Sameer Africa advances $7.1 million land sale to unlock value, strengthen balance sheet, and revive dividends.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank executive pay 2025
BusinessHot News

Standard Bank Group pays top 7 executives $30.5 million as earnings surge in 2025

Standard Bank paid top seven executives $30.5 million in 2025 as profits rose, balance sheet expanded, and performance-linked pay climbed.

Feyisayo Ajayi Feyisayo Ajayi
Ecobank 2025 financial results
BusinessHot News

Ecobank to pay $40 million dividend months after South Africa’s Nedbank exits $100 million stake

Ecobank Transnational proposes a $40 million dividend for 2025 after Nedbank exited its $100 million stake, signaling stronger earnings recovery.

Feyisayo Ajayi Feyisayo Ajayi
Atedo Peterside Stanbic IBTC dividend
BusinessHot News

Nigerian tycoon Atedo Peterside to receive N980 million Stanbic IBTC Bank dividend

Atedo Peterside to receive N980 million dividend from Stanbic IBTC as lender posts strong 2025 earnings, boosting investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Stanbic IBTC 2025 profit
BusinessHot News

Nigeria’s Stanbic IBTC posts $283 million profit in 2025

Stanbic IBTC posts $283 million profit in 2025, driven by higher interest rates, FX gains, and strong income growth.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, president of Dangote Group
BillionairesBusinessHot News

Africa’s richest man, Aliko Dangote, to pocket $490 million from Dangote Cement

The payout forms the bulk of the N759.3 billion ($564.3 million) total dividend declared by the company’s board, including a…

Omokolade Ajayi Omokolade Ajayi
Novus print asset sale
BusinessHot News

Novus Holdings cuts print business sale to $5.2 million after due diligence review

Novus trims print asset sale to $5.2 million after due diligence, extending deadline as it refines portfolio and capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
The Capital Boardwalk aparthotel by Capital Hotels in Gqeberha.
Hot NewsLuxury

Capital Hotels opens $17 million Boardwalk aparthotel in Gqeberha

The R270 million property includes 145 rooms and is located in the Boardwalk precinct in the city’s hospitality area within…

Omokolade Ajayi Omokolade Ajayi
Mpumi Madisa, Chief Executive Officer of Bidvest Group.
BusinessExclusiveHot News

Mpumi Madisa: Gauteng-born executive behind $4.9 billion South African giant, Bidvest Group

Under her leadership, Bidvest has maintained its position as a leading business-to-business services, trading, and distribution group.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenya scrambles for World Bank rescue as Iran war shakes economy

Kenya, which depends heavily on imported petroleum, has been among the economies most exposed to recent swings in global oil…

Omokolade Ajayi Omokolade Ajayi
Spear REIT Watergate
BusinessHot News

Spear REIT acquires Watergate Centre in Cape Town for $27 million

Spear REIT to acquire Cape Town’s Watergate Centre for $27 million, boosting Western Cape retail assets and stable rental income.

Feyisayo Ajayi Feyisayo Ajayi
Prosus Delivery Hero stake sale
BusinessHot News

South Africa’s Prosus sells $319 million Delivery Hero stake to Uber

Prosus sells $318 million Delivery Hero stake to Uber, meeting EU conditions while unlocking value from its global food delivery…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South African billionaire Tshepo Mahloele offloads Capitec shares worth over $840 million

South African billionaire Tshepo Mahloele has reduced his indirect Capitec stake, offloading shares worth about $840m, JSE filing shows disclosed

Feyisayo Ajayi Feyisayo Ajayi
Sameer Africa profit 2025
BusinessHot News

Merali family’s Sameer Africa posts $2.1 million profit in 2025

Merali family-owned Sameer Africa posted $2.1 million profit in 2025, driven by revenue growth, efficiency gains and stronger operations outlook.

Feyisayo Ajayi Feyisayo Ajayi
Cameroon cocoa downturn
BusinessHot News

Cameroon’s richest woman Kate Fotso’s Telcar Cocoa faces weakest cocoa prices in 3 years

Cameroon’s cocoa slump hits Telcar Cocoa as prices fall below expectations, marking weakest season in three years.

Feyisayo Ajayi Feyisayo Ajayi
PSG Financial Services dividend
BusinessHot News

South African billionaire Mouton family’s PSG Financial Services declares $50 million dividend payout

PSG Financial Services declares $49.48 million dividend as earnings, assets under management and profitability rise in 2026.

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

UK, IFC sign $3.1 million deal to expand agribusiness financing in DR Congo

UK and IFC have signed a $3.1 million deal to expand agribusiness financing in DR Congo, boosting credit access for…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Uchumi Supermarkets, under restructuring, says it is Ksh7.05 billion ($55 million) insolvent as of June 2025, signaling financial strain ahead…

Feyisayo Ajayi Feyisayo Ajayi
CHINA-AFRICA
BusinessHot News

China to remove all tariffs on African exports to boost trade

China will remove all tariffs on exports from 53 African nations to boost trade, cut a $62 billion deficit, and support AfCFTA-linked industrial growth.

Four Seasons Safari Lodge Serengeti wins Africa’s best spa resort
LuxuryTourism

Serengeti’s Four Seasons Safari Lodge named Africa’s best spa resort

Luxury travel in Africa is changing as more visitors look for quiet, restorative stays tied closely to nature. Across the continent, safari lodges are adding wellness offerings, giving guests more reasons to stay longer and spend more.  That demand is showing up in places long known for wildlife. In Serengeti National Park, operators are pairing game drives with spa treatments…

Namibia cancer care
BusinessHot News

Salt Capital, Proparco acquire Namibia’s NOC to expand cancer care access

Salt Capital, Proparco acquire Namibia’s oncology leader NOC, boosting private investment and expanding access to specialized cancer care.

Feyisayo Ajayi Feyisayo Ajayi
Talaat Moustafa
BusinessLuxury

Egypt’s Talaat Moustafa Group to develop $27 billion mega city near Cairo

TMG launches $27 billion Spine city near Cairo, reshaping Egypt’s real estate market with jobs, growth, and smart urban design.

Timilehin Adejumobi Timilehin Adejumobi
Alain Nkontchou dividend
BusinessHot News

Cameroonian banker Alain Nkontchou to pocket $9.6 million as Ecobank resumes dividends

Alain Nkontchou to earn $9.6 million as Ecobank resumes dividends, backed by strong 2025 profit and revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Emirates, Wesgro boost Western Cape tourism with flights, exports
BusinessTourism

Emirates, Wesgro team up to drive tourism to South Africa’s Western Cape

Emirates and Wesgro are joining forces to lift international arrivals to South Africa’s Western Cape, as competition for global travelers intensifies.  The agreement, signed during World Travel Market Africa in Cape Town, comes at a time when travel demand is recovering and destinations are working harder to attract visitors with higher spending power.  Tourism remains central to the Western Cape…

Oluwatosin Alao Oluwatosin Alao
Sameer Africa land sale Kenya
BusinessHot News

Merali family’s Sameer Africa moves to close $7.1 million land sale to settle legacy gaps

Sameer Africa advances $7.1 million land sale to unlock value, strengthen balance sheet, and revive dividends.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank executive pay 2025
BusinessHot News

Standard Bank Group pays top 7 executives $30.5 million as earnings surge in 2025

Standard Bank paid top seven executives $30.5 million in 2025 as profits rose, balance sheet expanded, and performance-linked pay climbed.

Feyisayo Ajayi Feyisayo Ajayi
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