Gemfields mining revenue governments Africa
BusinessHot News

Gemfields reports up to 26% revenue share to African governments from ruby, emerald operations

Gemfields says up to 26% of African mining revenue went to governments over a decade, reinforcing transparency and fiscal impact.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket N806 billion from BUA Foods, Cement

BUA Foods proposed a dividend totaling about N504 billion ($364 million), while BUA Cement recommended N338.6 billion ($248.2 million).

Omokolade Ajayi Omokolade Ajayi
BusinessExclusiveHot News

$3.3 billion gold offtake deal links Singapore’s Trafigura with Ghanaian mine

The deal includes $65 million in debt financing to restart the mine’s oxide ore operations.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s richest man, Johann Rupert, gains $1.7 billion on Richemont rebound

Rupert owns 10.18 percent of Richemont and controls about 51 percent of the voting rights, giving him significant influence over…

Omokolade Ajayi Omokolade Ajayi
2030 FIFA World Cup
EntertainmentHot NewsSports

Morocco’s creative sector poised for growth ahead of 2030 FIFA World Cup, $4.6 billion opportunity

Morocco’s creative industries surge ahead of 2030 FIFA World Cup, generating $4.6B revenue and 116,000 jobs.

Feyisayo Ajayi Feyisayo Ajayi
RMH South Africa takeover
BusinessHot News

South Africa’s RMH moves to overhaul board as AttBid takeover nears completion

South Africa’s RMH nears full takeover by AttBid, triggering board overhaul and signaling the final step in asset monetization.

Feyisayo Ajayi Feyisayo Ajayi
Zenith Bank regulatory penalties Nigeria
BusinessHot News

Zenith Bank pays $1.4 million in penalties as Nigeria’s regulatory dragnet tightens

Zenith Bank paid $1.4 million in 2025 fines as CBN scrutiny intensifies, despite improved compliance and lower penalties year-on-year.

Feyisayo Ajayi Feyisayo Ajayi
Wole Oshin Custodian payout
BusinessHot News

Nigerian insurance tycoon Wole Oshin to pocket $2.8 million from Custodian Investment

Wole Oshin to earn $2.8 million dividend as Custodian Investment posts strong 2025 earnings and robust revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Ghanaian businessman Ibrahim Mahama.
BusinessHot News

Ghanaian businessman Ibrahim Mahama wins bid to take over Damang gold mine from Gold Fields

Gold Fields is scheduled to formally hand over the mine on April 18, with a state-appointed team managing interim operations…

Omokolade Ajayi Omokolade Ajayi
Algerian billionaire Issad Rebrab.
BusinessExclusiveHot News

Algeria’s richest man Issad Rebrab regains $1.1 billion as Cevital stabilizes

Over the past two years, however, Rebrab has regained $1.1 billion as segments of the diversified group stabilized and performance…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

NNPC ships first cargo of new crude grade to Netherlands, advancing Nigeria’s oil trade

The 950,000-barrel cargo was loaded onto the MT Eburones on April 5.

Omokolade Ajayi Omokolade Ajayi
Folasope Aiyesimoju earnings
BusinessHot News

Nigeria’s youngest dealmaker, Folasope Aiyesimoju, to pocket N743.08 million from UAC

Nigeria’s youngest dealmaker, Folasope Aiyesimoju, to pocket N743.08 million ($539,117) as UAC declares record $2.12 million dividend for 2025.

Feyisayo Ajayi Feyisayo Ajayi
Wole Oshin Custodian payout
BusinessHot News

Nigerian tycoon Wole Oshin gains $40 million as Custodian stake nears $100 million in 2026

Wole Oshin’s Custodian stake jumps over $40 million in 2026, nearing $100 million as shares rally on Nigeria’s stock exchange.

Feyisayo Ajayi Feyisayo Ajayi
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessExclusiveHot News

Nompumelelo Zikalala: Durban-born mining executive leading $6.4 billion mining giant

Zikalala’s entry into mining began unexpectedly in a KwaZulu-Natal classroom, when De Beers representatives visited her high school to present…

Omokolade Ajayi Omokolade Ajayi
Purple Group EasyEquities growth
BusinessHot News

South Africa’s Purple Group posts $18 million revenue in H1 2026

Purple Group posts $18 million revenue as EasyEquities drives growth, lifting profit 33% on rising clients, assets and strong cost…

Feyisayo Ajayi Feyisayo Ajayi
AttBid RMH takeover
BusinessHot News

South African Van der Walt brothers’ AttBid advances RMH takeover after boosting holdings

AttBid advances RMH takeover after lifting stake to 42.44%, triggering mandatory offer under South Africa’s companies regulatory procedures.

Feyisayo Ajayi Feyisayo Ajayi
Transmara Sugar tax dispute
BusinessHot News

Kenya Tribunal orders taxman to review $14 million tax dispute involving Transmara Sugar

Kenya tribunal faults KRA for misreading data in Transmara Sugar’s Ksh1.8 billion ($14 million) tax-loss claim, ordering fresh review.

Feyisayo Ajayi Feyisayo Ajayi
Zenith Bank regulatory penalties Nigeria
BusinessHot News

Zenith Bank completes Kenya’s Paramount Bank takeover, grows African footprint

The acquisition makes Zenith Bank the fourth Nigerian lender operating in Kenya, alongside UBA, Guaranty Trust Bank, and Access Bank.

Omokolade Ajayi Omokolade Ajayi
Customer making a payment with Lucky card and POS terminal in Egypt.
Hot NewsTechnology

Egypt’s fintech Lucky raises $23 million, eyes North Africa expansion

The round, which combines equity and debt, will support product development, infrastructure upgrades, and regulatory readiness as Lucky broadens its…

Omokolade Ajayi Omokolade Ajayi
Remgro executive share awards
BusinessHot News

Remgro awards $8.1 million shares to executives in performance-linked pay plan

Remgro grants $8.1 million in performance-linked shares to executives, aligning pay with long-term shareholder value creation.

Feyisayo Ajayi Feyisayo Ajayi
Tsogo Sun
EntertainmentHot News

South Africa’s Tsogo Sun gets Somerset West Casino Licence

Somerset West casino approval ends decade-long delays, opening new tourism hub.

Zimbabwe’s most valuable banks
BusinessHot News

7 most valuable banks in Zimbabwe

Zimbabwe’s top banks strengthen liquidity, grow digital finance, and sustain investor confidence despite persistent macroeconomic pressures.

Gemfields mining revenue governments Africa
BusinessHot News

Gemfields reports up to 26% revenue share to African governments from ruby, emerald operations

Gemfields says up to 26% of African mining revenue went to governments over a decade, reinforcing transparency and fiscal impact.

Feyisayo Ajayi Feyisayo Ajayi
Solar mini-grid
BusinessHot News

Why Africa’s solar mini-grids are beating national utilities

Across Africa, solar mini-grids are disrupting weak utilities, unlocking faster electrification and reshaping energy access.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket N806 billion from BUA Foods, Cement

Abdul Samad Rabiu to collect N806 billion from dividends of BUA Foods and BUA Cement following record profits and growth in 2025.

Omokolade Ajayi Omokolade Ajayi
Radisson Blu leads premium segment; Radisson grows via conversions
BusinessTourism

Radisson expands in South Africa with 155-room Umhlanga project

Radisson Hotel Group is stepping up its expansion in Africa, with South Africa at the center of its latest push. The company plans a 155-room serviced apartment project in Umhlanga, a fast-growing coastal business district near Durban.  The investment reflects renewed interest in Africa’s hospitality sector, as international hotel operators respond to a steady pickup in business travel and tourism.…

Oluwatosin Alao Oluwatosin Alao
BusinessExclusiveHot News

$3.3 billion gold offtake deal links Singapore’s Trafigura with Ghanaian mine

Trafigura signs $3.3 billion gold deal to buy 700,000 ounces from Ghana’s Bogoso–Prestea mine.

Omokolade Ajayi Omokolade Ajayi
Indorama plans $525 million Egypt fertiliser plant targeting exports
BusinessTechnology

Indorama to invest $525 million in Egypt fertilizer plant, eyes 80% exports

Egypt is stepping up efforts to expand its fertiliser industry, betting on exports to drive growth as global demand rises. New investment is flowing into the Suez Canal Economic Zone, where authorities are positioning the corridor as a base for large-scale manufacturing.  The latest project comes from Indorama Corporation, which is building its presence in North Africa with a new…

Oluwatosin Alao Oluwatosin Alao
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