MCB
BusinessHot News

MCB completes Africa’s first electronic Bill of Exchange after its $1 billion trade commitment 

MCB completes Africa’s first electronic Bill of Exchange transaction, advancing digital trade after its $1 billion African trade commitment.

Feyisayo Ajayi Feyisayo Ajayi
Folasope Aiyesimoju
Hot NewsBusiness

Folasope Aiyesimoju’s CAP stake sheds $44 million; plunges below $40 million

Folasope Aiyesimoju’s CAP stake loses $44 million as shares fall 55%, cutting his holdings below $40 million amid a sharp…

Feyisayo Ajayi Feyisayo Ajayi
Varun beverages
BusinessHot News

Varun Beverages Zimbabwe faces final hurdle in Dairibord takeover race

Varun Beverages’ proposed 48.79% Dairibord stake faces Zimbabwe competition review, with public submissions due October 1, 2026.

Feyisayo Ajayi Feyisayo Ajayi
OCI Global
BusinessHot News

OCI shareholders warn legal battle could erode value ahead of Orascom deal 

OCI shareholders warn legal proceedings could erode value as investors weigh Orascom deal and NNS Holding’s €4.1 ($4.7) cash offer.

Feyisayo Ajayi Feyisayo Ajayi
Hazeem Barakat
BusinessHot News

Egypt’s B Investments, chaired by Hazem Barakat, eyes 53.5% stake in BIG Investment Group

B Investments, chaired by Hazem Barakat, plans to acquire 53.5% of BIG Investment Group, gaining indirect exposure to Madinet Masr.

Feyisayo Ajayi Feyisayo Ajayi
OLAM Agri
BusinessHot News

Olam Agri to invest $2 million in 20,000 African bakers by 2030

Olam Agri will invest $2 million by 2030 to train more than 20,000 African bakers, expanding skills and business opportunities…

Feyisayo Ajayi Feyisayo Ajayi
African Bank
BusinessHot News

African Bank begins restructuring after departure of two top executives in 6 months

African Bank restructures under CEO Zwelibanzi Manyathi after two senior exits, a R624 million ($38.3 million) loss and plans to…

Feyisayo Ajayi Feyisayo Ajayi
Akdital raises 130 million hospital expansion
Hot NewsBusiness

Moroccan healthcare operator AKDITAL launches academy to train 10,000 staff

AKDITAL launches its Academy to train staff as Morocco’s healthcare network expands to 45 facilities across 26 cities.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Mpumi Madisa
BusinessHot News

South African CEO Mpumi Madisa grew her Bidvest stake to $4.25 million

Based on Bidvest’s midday trading price on the JSE, the market value of Madisa’s total holding increased from $2.9 million…

Omokolade Ajayi Omokolade Ajayi
Angola’s Cabinda refinery begins fuel shipments.
BusinessHot News

Global gas crunch puts Nigerian and Angolan LNG in high demand

Nigeria, Algeria, Angola, Egypt, Equatorial Guinea and Mozambique are among the African countries positioned to benefit from the shift in…

Omokolade Ajayi Omokolade Ajayi
Glencore
BusinessHot News

Glencore faces $2 billion lawsuit after cutting ties with iron ore partner

The counterpunch marks an acrimonious split between two commodity players that spent years operating hand in glove.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Adebayo Ogunlesi.
TechnologyBillionairesHot News

With Nigerian billionaire Adebayo Ogunlesi on board, OpenAI eyes $1.2T valuation

The investors initiated the talks, one of the people said, asking not to be identified because the discussions are private.

Omokolade Ajayi Omokolade Ajayi
Meiji Holdings
BusinessHot News

Japan’s Meiji signs Ghana cocoa sustainability pact as Milk Chocolate marks 100 years

Japan’s Meiji Holdings signs Ghana cocoa sustainability pact, targeting higher-value cocoa opportunities and circular-economy initiatives.

Feyisayo Ajayi Feyisayo Ajayi
South African banker Mary Vilakazi
BusinessHot News

How share awards lifted FirstRand chief Mary Vilakazi to a $5 million stake

The increase of $1.89 million came entirely from the vesting and settlement of executive share awards rather than open-market transactions.

Omokolade Ajayi Omokolade Ajayi
Anna Mokgokong
LuxuryHot News

South African tycoon Anna Mokgokong-linked investment group acquires Forever Resorts

Anna Mokgokong-linked Benus Trade and Invest has acquired South African hospitality group Forever Resorts, retaining its brand and operations.

Feyisayo Ajayi Feyisayo Ajayi
Ongwe Minerals
BusinessHot News

Ongwe Minerals begins drilling at Namibia’s Nguni gold prospect

Ongwe Minerals has begun drilling a 6km gold anomaly at its Nguni prospect, testing Namibia’s Northwest Damara belt for deeper…

Feyisayo Ajayi Feyisayo Ajayi
Cedar Square
BusinessHot NewsLuxury

Accelerate’s Cedar Square sold for $39 million 11 months after Michael Georgiou’s exit

Accelerate Property Fund's Cedar Square sold for R630 million as the JSE-listed REIT reduces debt and focuses on Fourways Mall.

Feyisayo Ajayi Feyisayo Ajayi
South African billionaire Patrice Motsepe.
BusinessHot News

Patrice Motsepe-backed Kropz to cut jobs at South Africa phosphate mine

The company said the operation, located about 70 miles northwest of Cape Town, has about 540 workers, including contractors.

Omokolade Ajayi Omokolade Ajayi
Narendra Raval
BusinessHot News

Kenyan industrialist Narendra Raval’s National Cement seeks approval for 60MW wind farm

National Cement seeks approval for a 60MW wind farm in Kajiado as Narendra Raval’s Devki Group expands captive power capacity.

Feyisayo Ajayi Feyisayo Ajayi
Kenyan tycoon John Kimani
BusinessHot News

Kenyan tycoon John Kimani buys $1 million Centum shares, lifts stake to 11.5%

Kimani’s holding increased from 69.4 million shares, or 10.43 percent, at the end of March 2025 to 76.59 million shares…

Omokolade Ajayi Omokolade Ajayi
Seychelles biggest malls
TourismHot News

7 major Seychelles malls driving retail and tourism growth

Seychelles’ growing retail scene features modern malls and vibrant markets shaping how locals and visitors shop across Mahé.

Dangote Refinery secures NNPC gas supply deals
BusinessHot News

Dangote refinery lands NNPC gas deals to fuel expansion, target U.S., UK

Dangote Group secures new NNPC gas deals to boost refinery output, fertiliser production and exports to the U.S. and UK.

MCB
BusinessHot News

MCB completes Africa’s first electronic Bill of Exchange after its $1 billion trade commitment 

MCB completes Africa’s first electronic Bill of Exchange transaction, advancing digital trade after its $1 billion African trade commitment.

Feyisayo Ajayi Feyisayo Ajayi
Folasope Aiyesimoju
Hot NewsBusiness

Folasope Aiyesimoju’s CAP stake sheds $44 million; plunges below $40 million

Folasope Aiyesimoju’s CAP stake loses $44 million as shares fall 55%, cutting his holdings below $40 million amid a sharp NGX sell-off.

Feyisayo Ajayi Feyisayo Ajayi
OCP Green Energy first large-scale battery
BusinessHot News

OCP Green Energy installs first large-scale battery system in Morocco 

OCP Green Energy has energized its first large-scale battery storage system as Morocco’s phosphate giant expands renewable power.

Timilehin Adejumobi Timilehin Adejumobi
Niger's Dasa project
BusinessHot News

US returns to Niger’s uranium sector with $414 million investment

US Niger uranium investment backs Dasa, giving Global Atomic up to $414 million for its Niger uranium project and a US supply link.

Timilehin Adejumobi Timilehin Adejumobi
Varun beverages
BusinessHot News

Varun Beverages Zimbabwe faces final hurdle in Dairibord takeover race

Varun Beverages’ proposed 48.79% Dairibord stake faces Zimbabwe competition review, with public submissions due October 1, 2026.

Feyisayo Ajayi Feyisayo Ajayi
OCI Global
BusinessHot News

OCI shareholders warn legal battle could erode value ahead of Orascom deal 

OCI shareholders warn legal proceedings could erode value as investors weigh Orascom deal and NNS Holding’s €4.1 ($4.7) cash offer.

Feyisayo Ajayi Feyisayo Ajayi
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