Muibi Kehinde Hammed
BusinessCompaniesExecutivesHot News

Nigerian founder Muibi Kehinde Hammed leads MKH Properties to record N10 billion market win

The transaction marks the company’s first completed issue since launching its N30 billion program in September.

Omokolade Ajayi Omokolade Ajayi
CompaniesLatest

South African court orders Cadac pension fund curators to fix 20-year rules mismatch

South African court orders Cadac Pension Fund curators to fix a 20-year mismatch between registered rules and fund operations after…

Feyisayo Ajayi Feyisayo Ajayi
Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit despite revenue slump
EntrepreneursLatest

Cameroonian industrialist Jean Noutchogouin’s Icrafon swings to $1.6 million profit

Cameroonian industrialist Jean Samuel Noutchogouin’s Icrafon returned to profit with $1.6 million in earnings despite a sharp revenue decline.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian energy tycoon Wale Tinubu
BusinessEnergyHot News

Oil mogul Wale Tinubu makes bold pitch for Nigeria’s $6.4 billion creative industry

Tinubu's pivot to advocating for broader capital investments comes as his core business shows renewed strength.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu
BillionairesHot News

Nigerian billionaire Tony Elumelu urges global shift from foreign aid to investment

That commercial argument is gaining momentum as African institutions increasingly underwrite their own strategic heavy industries.

Omokolade Ajayi Omokolade Ajayi
Nigerian banker Segun Agbaje, CEO of GTCO.
BankingLatest

Nigerian banker Segun Agbaje-led GTCO reports lower profit of $312.23 million in H1 2026

GTCO’s profit fell 7.76% to $312.23 million in H1 2026 as higher taxes offset marginal growth in pre-tax earnings and…

Feyisayo Ajayi Feyisayo Ajayi
Ayoola Foods
EntrepreneursLatest

How Segun Olaye built Ayoola Foods into a Nigerian food-processing powerhouse

Nigerian engineer Segun Olaye built Ayoola Foods from an export business into a leading packaged-food brand through processing and distribution.

Feyisayo Ajayi Feyisayo Ajayi
MCB AXIAN Energy financing Africa
BankingLatest

Mauritius’ MCB Group posts $422 million profit in 2026

MCB Group reported $422.43 million profit in 2026, up 11.3%, as stronger income, African growth and lower impairments offset higher…

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesCompaniesHot News

Africa’s richest man Aliko Dangote targets $36 billion revenue in 2026

The forecast reflects its expansion across manufacturing, energy and infrastructure.

Omokolade Ajayi Omokolade Ajayi
Kenyan tycoon Peter Muthoka
MiningEntrepreneursHot News

Kenyan tycoon Peter Muthoka pockets $19 million from airport cargo business

The decision comes as activist investor Elliott Investment Management pushes Northern Star to consider strategic alternatives.

Omokolade Ajayi Omokolade Ajayi
South African business leader Mteto Nyati
ExecutivesHot News

South African business leader Mteto Nyati gets three-year extension as Eskom chairperson

Nyati accepted the extension with what he described as humility and a clear understanding of the expectations placed on Eskom…

Omokolade Ajayi Omokolade Ajayi
Hamza Farooqui
EntrepreneursHot News

From WorldSpace to Hyatt: How Hamza Farooqui built a diversified African investment empire

Hamza Farooqui built a diversified African investment empire spanning media, finance, retail, technology and luxury hospitality through Millat.

Feyisayo Ajayi Feyisayo Ajayi
Ghanaian tycoon Sam Jonah
MiningCompaniesHot News

Ghanaian tycoon Sam Jonah leads $1 billion push into Africa’s critical minerals

Jonah, 76, is joined by mining and finance veterans including former Gold Fields CEO Chris Griffith and former Goldman Sachs…

Omokolade Ajayi Omokolade Ajayi
South African café chain Bootlegger
LifestyleCompaniesHospitality

South African café chain Bootlegger plans 16 new stores in rapid rollout

The rollout would add at least 16 locations, as the company puts the finishing touches on its latest site at…

Omokolade Ajayi Omokolade Ajayi
Nigerian tycoon Kola Karim
EnergyLatest

Kola Karim’s Shoreline secures $500 million Qatar financing  to unlock OML 30’s 100,000-bpd potential

Kola Karim’s Shoreline secures $500 million in Qatar financing to fund OML 30 drilling and target more than 100,000 barrels…

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater bond offering
InvestmentsLatest

Sibanye Stillwater says JPMorgan now holds $360 million worth of shares

Sibanye-Stillwater says JPMorgan holds a 5.04% stake worth about $360 million as the miner reports stronger first-half 2026 earnings and…

Feyisayo Ajayi Feyisayo Ajayi
Fourways Mall
Hot NewsLuxury

Accelerate opens door to minority disposal of its $256 million Fourways Mall stake

Accelerate Property Fund may sell part of its Fourways Mall stake as new managers gain an option for up to…

Feyisayo Ajayi Feyisayo Ajayi
Fola Aiyesimoju
CompaniesLatest

Fola Aiyesimoju-led UAC of Nigeria to offload entire 43% stake in DP World Logistics to TGI

Fola Aiyesimoju-led UAC will sell its 43% stake in DP World Logistics to TGI, subject to regulatory approvals, as it…

Feyisayo Ajayi Feyisayo Ajayi
Ivan Dittrich, CFO of Datatec
ExecutivesBusinessTechnology

Datatec CFO Ivan Dittrich earns $3.7 million in 2026

Dittrich’s 2026 package included a $590,000 base salary and an $830,000 short-term incentive.

Timilehin Adejumobi Timilehin Adejumobi
Copper 360 CEO and CFO
ExecutivesLatest

Copper 360 promotes Gordon Thompson as CEO, Seten Naidoo to CFO

Copper 360 promotes Gordon Thompson to CEO and Seten Naidoo to CFO as the South African copper miner reshuffles its…

Feyisayo Ajayi Feyisayo Ajayi
Nigeria crude export strategy
BusinessHot News

Nigeria’s debut of Cawthorne crude export exposes tension between NNPCL, Dangote refining model

Nigeria’s first Cawthorne crude export to Europe exposes tension between export strategy and Dangote-led domestic refining ambitions.

Centum Sidian Bank stake sale
BusinessHot News

Centum, linked to Kirubi family, exits Sidian Bank after 25 years with final stake sale

Centum exits Sidian Bank after 25 years, selling its final stake and ending one of Kenya’s longest-running banking investments.

Entrepreneurs

Zimbabwean businessman Wicknell Chivayo, wife killed in helicopter crash

Zimbabwean businessman Wicknell Chivayo and wife Lucy Muteke died in a helicopter crash near Harare, with investigations underway.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Bank's App
BankingBusiness

Capitec secures approval for $12.2 million Rental Finance sale to Sasfin

Capitec Rental Finance sale to Sasfin wins approval as Capitec advances its strategy to exit the noncore business for R201 million ($12.2 million).

Timilehin Adejumobi Timilehin Adejumobi
Bronwyn Rodrigues
EntrepreneursLatest

South African court rejects Bronwyn Rodrigues’ Zap Hub appeal over regulatory costs

South African court rejects Zap Hub’s appeal over regulatory costs involving Bronwyn Rodrigues, the PPRA and regulation of online property platforms.

Feyisayo Ajayi Feyisayo Ajayi
Spur Corporation
BusinessCompanies

Spur’s Doppio Zero expands into new restaurant segments with 38 stores

Spur’s Doppio Zero expands to 38 stores as new coffee, bistro and grab-and-go formats target new customers and smaller locations.

Oluwatosin Alao Oluwatosin Alao
Gabriel Ogbechie, chairman of Eterna Plc.
BusinessCompaniesInvestments

Nigerian oil mogul Gabriel Ogbechie’s Eterna stake rebounds above $50 million

Gabriel Ogbechie Eterna stake rises above $50 million as Eterna shares recover and profit surges in H1 2026.

Timilehin Adejumobi Timilehin Adejumobi
Beninese-Gabonese oil billionaire Samuel Dossou-Aworet
EnergyCompanies

Samuel Dossou-Aworet’s Tullow Oil loses $196.5 million Ghana tax dispute

Tullow Oil Ghana tax dispute ends after an ICC tribunal rejected the company’s challenge to Ghana’s $196.5 million tax assessment.

Timilehin Adejumobi Timilehin Adejumobi
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