IFC Nitron fertilizer trade finance
BusinessGlobal NewsHot News

IFC weighs $30 million trade finance backing for Nitron to boost global fertilizer flows

IFC weighs $30 million backing for Nitron trade facility to boost fertilizer supply chains, food security, and agricultural resilience.

Feyisayo Ajayi Feyisayo Ajayi
Margaret Nienaber salary
BusinessHot News

Standard Bank COO Margaret Nienaber earns $4.4 million salary in 2025

Margaret Nienaber earns $4.4 million in 2025 as Standard Bank rewards strong performance and sustained growth across African markets.

Feyisayo Ajayi Feyisayo Ajayi
Kenya's Moi family wealth
BusinessHot News

How Moi family built institutional wealth strategy across Kenya’s economy

Moi family pivots from land wealth to institutional influence, reshaping Kenya’s economic power structure.

Feyisayo Ajayi Feyisayo Ajayi
Africa frontier markets investment
BusinessHot News

Inside South African dealmaker Zunaid Moti’s big bet on African frontier markets to capture resource upside

Zunaid Moti targets frontier markets, betting on undervalued African assets to capture long-term gains from rising demand for critical minerals.

Feyisayo Ajayi Feyisayo Ajayi
Taifa Gas deal
BillionairesBusinessHot News

Tanzanian billionaire Rostam Aziz’s Taifa Gas buys into Songo Songo field as Orca exits

Taifa Gas, owned by Tanzanian billionaire Rostam Aziz, acquires 49% of PanAfrican Energy Tanzania as Orca exits Songo Songo gas…

Feyisayo Ajayi Feyisayo Ajayi
IFC Accial fintech investment
Global NewsHot News

IFC to invest $25 million in Accial fintech fund to expand MSME lending in emerging markets

IFC plans $25 million anchor investment in Accial fund to expand fintech lending to MSMEs and underserved borrowers across emerging…

Feyisayo Ajayi Feyisayo Ajayi
RMH South Africa takeover
BusinessHot News

Van der Walt brothers’ AttBid tightens grip on RMH as firm clarifies Grove Mall sale

RMH clarifies Grove Mall sale remains conditional as AttBid nears 43% stake, intensifying takeover battle and shareholder scrutiny.

Feyisayo Ajayi Feyisayo Ajayi
SAHCO dividend payout 2025
BusinessHot News

Nigerian business tycoon Taiwo Afolabi to pocket N986.9 million from SAHCO Plc

Nigerian tycoon Taiwo Afolabi will receive N986.85 million dividend from SAHCO Plc for FY2025 after strong earnings growth, report shows…

Feyisayo Ajayi Feyisayo Ajayi
AttBid RMB Holdings takeover
BusinessHot News

South African Van der Walt brothers’ AttBid buys extra 5 million shares amid RMH takeover push

AttBid raises RMB Holdings stake near 43% after buying 5.13 million shares, accelerating takeover bid and control push of the…

Feyisayo Ajayi Feyisayo Ajayi
Sim Tshabalala, CEO of Standard Bank Group.
BusinessExclusiveHot News

South African executive Sim Tshabalala earned $6.4 million from Standard Bank in 2025

The figure marks an increase from R89.2 million ($5.4 million) in 2024 and reflects a higher share of performance-based awards…

Omokolade Ajayi Omokolade Ajayi
Capitec Bank
BusinessHot News

Capitec’s market cap tops $30 billion, regains title as Africa’s most valuable bank

The South African lender, known for its large retail customer base, overtook FirstRand to regain its position as the continent’s…

Omokolade Ajayi Omokolade Ajayi
Sirius Real Estate rent growth
BusinessHot News

South Africa’s Sirius Real Estate posts 6.4% rent growth as $542 million acquisitions drive expansion

Sirius Real Estate reports 6.4% rent growth, driven by acquisitions and strong leasing demand across Germany and the U.K.

Feyisayo Ajayi Feyisayo Ajayi
Michael Ade-Ojo Custodian dividend payout
BusinessHot News

Nigerian auto magnate Michael Ade-Ojo to pocket $1.9 million from Custodian Investment

Michael Ade-Ojo set for $1.9 million payout as Custodian Investment boosts dividend on strong 2025 earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Sasini avocado plant sale
BusinessHot News

Kenya’s Sasini Plc moves to sell Nairobi avocado plant amid strategy shift

Sasini Plc plans to sell its Nairobi avocado plant after returning to profit, signaling a strategic shift in its horticulture…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian banker Segun Agbaje, CEO of GTCO.
BusinessHot News

Nigerian banker Segun Agbaje to pocket N490 million from GTCO

The payout follows GTCO’s final dividend recommendation for the 2025 financial year, reflecting Agbaje’s continued interest in one of Nigeria’s…

Omokolade Ajayi Omokolade Ajayi
Pearl of Africa Hotel debt crisis
BusinessHot NewsLuxury

Why Ugandan businessman Mohammed Hamid’s $300 million Pearl of Africa Hotel is still in debt crisis

Ugandan businessman Mohammed Hamid risks losing his $300 million hotel as $160 million debt pushes it toward possible auction.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake tops $800 million as shares climb

The gain follows a deal completed at the end of 2025 that positioned him as the largest shareholder in the…

Omokolade Ajayi Omokolade Ajayi
Sam Jonah investment strategy
BusinessHot News

Ghana’s Sam Jonah: From Ashanti Goldfields CEO to investment mogul

Sam Jonah rose from miner to Ashanti CEO, building a gold giant and later a pan-African investment empire.

Feyisayo Ajayi Feyisayo Ajayi
Unifreight Africa trailer, part of the company’s logistics operations.
BusinessHot News

Zimbabwe’s Unifreight Africa plans capacity expansion amid tobacco surge

The increase is expected to be supported by efforts to improve efficiency and expand operations, including a planned acquisition of…

Omokolade Ajayi Omokolade Ajayi
Kenya Airways airline operations during 2025 financial results period.
BusinessHot News

After $132 million loss, Kenya Airways’ bailout hopes fade under tighter rules

The Kenya Civil Aviation Authority has introduced stricter conditions for state support, including debt guarantees and bailouts.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South African shopping mall giant Vukile buys Berceo mall in northern Spain

South Africa’s Vukile buys Berceo mall in northern Spain in a $127.6 million deal, expanding its Iberian shopping portfolio.

Caxton interim results 2025
BusinessHot News

Caxton profit slipped to $20 million in H1 2026

Caxton profit slips 4% to R332 million ($20 million) as ad slump hits publishing; packaging growth cushions decline in interim results.

Mobica plans $20 million Egypt auto investment as local rules reshape supply chains
BusinessTechnology

Mobica targets $20 million investment as Egypt’s auto manufacturing expands

Egypt’s effort to build a stronger domestic auto industry is moving beyond policy statements as new private investment begins to flow into local supply chains. The government has been working to reduce reliance on imported vehicle parts while encouraging manufacturers to produce more components inside the country.  The shift is becoming more visible as companies start to adjust their long-term…

Oluwatosin Alao Oluwatosin Alao
IFC Nitron fertilizer trade finance
BusinessGlobal NewsHot News

IFC weighs $30 million trade finance backing for Nitron to boost global fertilizer flows

IFC weighs $30 million backing for Nitron trade facility to boost fertilizer supply chains, food security, and agricultural resilience.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria tests 25Gbps link with Huawei Nigeria to boost 5G
BusinessTechnology

MTN Nigeria rolls out first 25Gbps microwave link in sub-Saharan Africa

MTN Nigeria has taken a step forward in its network upgrade plans after testing what it says is the first commercial 25Gbps full-duplex microwave link in sub-Saharan Africa, working with Huawei Nigeria. The trial, carried out on the E-band (80 GHz) spectrum, points to how operators are seeking faster, more efficient ways to support 5G services in Nigeria.  The move…

Oluwatosin Alao Oluwatosin Alao
Margaret Nienaber salary
BusinessHot News

Standard Bank COO Margaret Nienaber earns $4.4 million salary in 2025

Margaret Nienaber earns $4.4 million in 2025 as Standard Bank rewards strong performance and sustained growth across African markets.

Feyisayo Ajayi Feyisayo Ajayi
VivaJets airline
BusinessTourism

VivaJets secures $15 million from TLG Capital to expand West Africa aviation network

VivaJets secures $15m from TLG Capital to expand West Africa aviation, launching Abidjan hub and boosting regional charter services.

Timilehin Adejumobi Timilehin Adejumobi
Kenya's Moi family wealth
BusinessHot News

How Moi family built institutional wealth strategy across Kenya’s economy

Moi family pivots from land wealth to institutional influence, reshaping Kenya’s economic power structure.

Feyisayo Ajayi Feyisayo Ajayi
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