Royal Bafokeng Nation wealth
BillionairesBusinessHot News

South Africa’s royal Bafokeng nation sees stake in OUTsurance hits $837 million

South Africa’s Royal Bafokeng Nation holds $837.1 million in OUTsurance shares, reflecting a powerful community-owned investment model.

Feyisayo Ajayi Feyisayo Ajayi
Oge Elumelu, Tony O. Elumelu, CFR, and Dr. Awele Vivien Elumelu.
BusinessHot News

Heirs Energies drives African entrepreneurship, invests $10 million in 2,000 startups

Heirs Energies’ CEO, Osayande Igiehon, described the company’s approach as one that links energy delivery to economic growth.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Remgro posts $307 million half-year earnings; Mediclinic and Rainbow boost results

The group’s headline earnings exceeded $300 million for the first half of its 2026 fiscal year, reflecting steady improvements across…

Omokolade Ajayi Omokolade Ajayi
Hitesh Anadkat, Malawian billionaire and co-founder of FMB Capital Holdings.
BusinessExclusiveHot News

Malawian billionaire Hitesh Anadkat loses $297 million following record $1.69 billion gain

For Anadkat, the $297 million drop in his stake since early 2026 follows a 2025 gain of MWK2.94 trillion ($1.69…

Omokolade Ajayi Omokolade Ajayi
Egypt 900 MW wind deal
BusinessHot News

Egypt’s Orascom Construction signs 900 MW wind power deal in Egypt with ENGIE, Aeolus

Orascom, ENGIE, and Aeolus sign 900 MW wind deal in Egypt, boosting renewable capacity and long-term clean energy growth.

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

Kenya Airways posts $132 million 2025 loss as aircraft shortages hit Africa routes

The setback comes a year after the airline posted its first profit in more than a decade, reflecting how fragile…

Omokolade Ajayi Omokolade Ajayi
Datatec Logicalis Germany acquisition
BusinessHot News

South Africa’s Datatec expands European footprint with Poland acquisition

Datatec expands in Europe as Logicalis Germany acquires NetworkedAssets, strengthening engineering and Poland market entry.

Feyisayo Ajayi Feyisayo Ajayi
IFC MSME financing Africa
BusinessHot News

IFC targets women-led MSMEs through Simone Tiemtoré’s banking arms in Guinea and Burkina Faso

IFC launches $600,000 advisory project to boost MSME lending and financial inclusion in Guinea and Burkina Faso.

Feyisayo Ajayi Feyisayo Ajayi
Zimbabwe land reform 2050
BusinessHot News

Zimbabwe pushes land reform to unlock $258 billion economic potential by 2050

Zimbabwe advances land reform to unlock $258 billion economic potential, issuing bankable title deeds to 360,000 farmers.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Fuel scarcity hits Kenya as Iran war disrupts shipments

The strain stems from frozen domestic pump prices set by the Energy and Petroleum Regulatory Authority (EPRA), while global oil…

Omokolade Ajayi Omokolade Ajayi
MCB wins awards for $400 million energy deal
BusinessHot News

MCB wins top African finance awards for $400 million Karpowership deal

MCB wins top African finance awards for a $400 million Karpowership deal, boosting its role in energy and infrastructure financing.

Feyisayo Ajayi Feyisayo Ajayi
Partech backs littlefish to scale SME banking
BusinessHot News

Partech leads about $10 million investment in South Africa’s fintech to scale Africa’s merchant banking

Partech leads $9.5 million investment in littlefish to scale merchant banking infrastructure for SMEs across Africa.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

Nigerian billionaire Abdul Samad Rabiu’s liabilities exceed $3 billion

The figures reflect a reassessment of his holdings and obligations, including acquisitions, insider transactions, taxes, market performance, and philanthropic commitments.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Kenyan banker James Mwangi to earn $5.7 million dividend from Equity Group

Mwangi, who has led the group since 2004, when it operated as Equity Building Society, holds a 3.39 percent stake,…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria moves to capitalize on oil surge amid global supply tensions

The country plans to increase oil production by about 100,000 barrels per day in the coming months.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

ADvTECH’s Africa expansion lifts operating profit past $120 million in 2025

The education division remained the main driver, with revenue up 13 percent as more students enrolled across both school and…

Omokolade Ajayi Omokolade Ajayi
Razack Adeola Sterling Bank
BusinessHot News

Meet Nigerian banker Adeyemi Razack Adeola: Sterling Bank chairman with stake worth nearly $90 million

Nigerian banker Razack Adeola built Sterling Bank influence with a $86.7 million stake, shaping growth and long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Cameroonian tech investor Eunice Ajim seeks $20 million to back Africa’s next fintech winners

The raise follows a string of outcomes that have helped sharpen her case to investors.

Omokolade Ajayi Omokolade Ajayi
Enko Education $22 million funding
BusinessHot News

Cameroonian Cyrille Nkontchou’s Enko Education secures $22 million from Standard Bank for African expansion

Enko Education secures $22 million from Standard Bank to expand across Africa, boosting access to high-quality, global education.

Feyisayo Ajayi Feyisayo Ajayi
IFC telecom power Africa
BusinessHot News

IFC invests $45 million in clean telecom power to boost Africa connectivity

IFC commits $45 million to IPT PowerTech to expand clean telecom power, boosting connectivity across Ethiopia, Liberia, and Sierra Leone.

Feyisayo Ajayi Feyisayo Ajayi
Mount Kilimanjaro hiking guide
Hot NewsTourism

Hike Mount Kilimanjaro: The best routes, guided tours, and luxury hotels

Hike Mount Kilimanjaro through scenic routes, guided tours, and luxury stays near Africa’s highest peak in Tanzania.

Bella Disu
BusinessExclusive

At 39, Nigerian business executive, Bella Disu strengthens her role in Africa’s corporate landscape

At 39, Bella Disu drives telecom, real estate, and industrial growth in Nigeria, reshaping African leadership with impact, innovation, and legacy.

Luanda, Angola
BusinessHot News

Angola taps global markets with $2.5 billion Eurobond, demand surges

Angola returns to markets with $2.5B Eurobond, attracting strong demand despite high rates.

Timilehin Adejumobi Timilehin Adejumobi
Royal Bafokeng Nation wealth
BillionairesBusinessHot News

South Africa’s royal Bafokeng nation sees stake in OUTsurance hits $837 million

South Africa’s Royal Bafokeng Nation holds $837.1 million in OUTsurance shares, reflecting a powerful community-owned investment model.

Feyisayo Ajayi Feyisayo Ajayi
Safari adventure experience at the Zambia park
BusinessTourism

Zambia targets $1 billion tourism revenue, 3 million visitors in 2026    

Zambia targets 3 million visitors and $1billion tourism revenue by 2026 as it gears up for ZATEX, boosting growth and global profile.

Timilehin Adejumobi Timilehin Adejumobi
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