Nigerian billionaire businessman Tony Elumelu
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu reveals the single quality every African founder needs

For Elumelu, the difference between entrepreneurs who endure and those who fall away is not how they begin, but how…

Omokolade Ajayi Omokolade Ajayi
South Africa mining tycoons
BusinessBillionairesHot News

10 richest mining tycoons in South Africa

South Africa’s top mining tycoons shape global markets, driving growth across energy, finance, and infrastructure sectors.

Feyisayo Ajayi Feyisayo Ajayi
Osa Igiehon, Chief Executive Officer, Heirs Energies.
Hot NewsBusinessTechnology

Heirs Energies OML 17 JV, Redtech launch digital operations hub to boost Nigeria oil production

The move is part of the joint venture's broader effort to improve efficiency, strengthen asset reliability and support faster operational…

Omokolade Ajayi Omokolade Ajayi
South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi’s FirstRand stake tops $3.2 million as shares climb

The rise in the value of her holding reflects both investor confidence in FirstRand and the broader recovery in South…

Omokolade Ajayi Omokolade Ajayi
MCB- CoreX Côte d’Ivoire nickel acquisition
BusinessHot News

MCB backs $180 million CoreX Nickel deal in Côte d’Ivoire

MCB joins $180 million financing backing CoreX’s acquisition of Côte d’Ivoire nickel asset, boosting Africa mining exposure.

Feyisayo Ajayi Feyisayo Ajayi
Cell C market value decline
BusinessHot News

Brett and Mark Levy’s Cell C sheds $92 million 7 months post-listing on JSE

Cell C sheds $92 million in value seven months after JSE listing, as investor caution persists despite improving fundamentals.

Feyisayo Ajayi Feyisayo Ajayi
The European Investment Bank (EIB).
Hot NewsBusiness

EIB pledges more than $800 million for Morocco in 2026 as investment ties deepen

The new capital follows a period of EIB activity in the country.

Omokolade Ajayi Omokolade Ajayi
AGROFERT OCI deal
Hot NewsBusiness

Nassef Sawiris’ private firm in Cyprus moves forward with $4.7-per-share offer for OCI Global

Nassef Sawiris’ Cyprus-based firm advances $4.7-per-share bid for OCI Global, signaling progress toward full acquisition pending approvals.

Feyisayo Ajayi Feyisayo Ajayi
El Nasr Automotive Manufacturing Company.
BillionairesBusinessHot News

Egypt’s state-owned El Nasr Automotive boosts industry with China deal

The deal comes after a 15-year production freeze at the state-backed factory, which the government is now retrofitting to handle…

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu loses $3.4 billion in under six weeks

According to the Bloomberg Billionaires Index, Rabiu’s net worth has dropped from $19.7 billion on May 19 to $16.3 billion…

Omokolade Ajayi Omokolade Ajayi
African Bank cost cuts and IPO delay
BusinessHot News

African Bank targets $73 million cost cuts after $38 million loss, delays IPO

African Bank posts $38 million loss, targets $73 million cost cuts, delays IPO amid rising impairments and integration challenges.

Feyisayo Ajayi Feyisayo Ajayi
Murray Roberts $77.3 million asset sale
BusinessHot News

Murray & Roberts completes $77.3 million deal to anchor business rescue plan

Murray & Roberts completes $77.3 million mining asset sale, advancing business rescue and stabilizing operations after prolonged financial strain.

Feyisayo Ajayi Feyisayo Ajayi
African tech unicorns
TechnologyHot News

Naspers, led by Koos Bekker, reports $10 billion in revenue for 2026

Naspers posts $10 billion revenue for 2026 as AI ecosystem growth drives profits, cash flow, and shareholder returns across global…

Feyisayo Ajayi Feyisayo Ajayi
Adesuwa Okunbo Rhodes Aruwa Capital
BusinessHot News

Adesuwa Rhodes: Nigerian venture capitalist managing over $80 million in assets

Adesuwa Rhodes builds Aruwa Capital into a rising PE firm, managing about $80 million while backing high-growth African businesses.

Feyisayo Ajayi Feyisayo Ajayi
Egypt
BusinessHot News

Egypt lists Petroleum Marine Services, 3 others to advance state offerings program

Egypt lists four state firms on EGX, advancing offerings program, boosting transparency, and preparing assets for future public listings.

Feyisayo Ajayi Feyisayo Ajayi
Araxi shareholder sells shares to clear debt
BusinessHot News

Araxi shareholder sells 40 million shares to clear debt, cuts stake to 2.7%

Araxi shareholder CAET sells 40 million shares to repay debt, reducing stake to 2.7% and unlocking future beneficiary value.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
Hot NewsBillionairesBusiness

Africa’s richest man Aliko Dangote loses $2.6 billion in less than one month

The decline underscores how quickly swings in the stock market can reshape the paper wealth of even the continent’s wealthiest…

Omokolade Ajayi Omokolade Ajayi
FlyGabon
Hot NewsBusiness

NAHCO lands FlyGabon deal, boosts solar cargo exports

The new three-year agreement with FlyGabon aligns with the carrier's entry into the Nigerian market.

Omokolade Ajayi Omokolade Ajayi
Alan raises $460 million after Kylian Mbappé
TechnologyBusinessHot News

Startup raises $460 million months after Kylian Mbappé’s backing

The funding round led by Prosus includes both primary and secondary equity.

Omokolade Ajayi Omokolade Ajayi
Casablanca Port
Hot NewsBusiness

How Morocco cut Casablanca Port delays in half to protect African food imports

Beyond agricultural imports, the port has also experienced unusually strong demand linked to Morocco’s ongoing infrastructure development plans through 2030.

Omokolade Ajayi Omokolade Ajayi
Afrirent hospitality pivot
Hot NewsBusiness

Afrirent’s hospitality pivot tests South Africa’s black-owned champions

Afrirent’s bold move into hotels tests the resilience and cash discipline of South Africa’s leading black-owned firms.

Hot NewsBusiness

Fuel costs jump across Africa as governments rush to shield households

Fuel costs surge across Africa, forcing governments to cut taxes and adjust prices to ease pressure on households amid global supply shocks.

Nigerian billionaire businessman Tony Elumelu
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu reveals the single quality every African founder needs

Nigerian billionaire Tony Elumelu shares the one crucial quality every African entrepreneur needs to build lasting institutions.

Omokolade Ajayi Omokolade Ajayi
Armando Perny, acting CEO of Telecom Namibia
BusinessTechnology

Telecom Namibia appoints Armando Perny acting CEO after executives exit 

Telecom Namibia Acting CEO Armando Perny takes charge as the state-owned telecom begins a leadership transition.

Timilehin Adejumobi Timilehin Adejumobi
FMO
BusinessHot News

FMO invests $27 million to revive South Africa’s Gledhow sugar mill

Gledhow sugar mill secures $27M from FMO to modernize operations, cut emissions and support farmers in KwaZulu-Natal.

Timilehin Adejumobi Timilehin Adejumobi
Diamond
BusinessHot News

Congo signs diamond deal with Swiss firm ADEX to boost mining sector

DR Congo ADEX diamond deal aims to expand local diamond processing, traceability and mining revenues.

Timilehin Adejumobi Timilehin Adejumobi
South Africa mining tycoons
BusinessBillionairesHot News

10 richest mining tycoons in South Africa

South Africa’s top mining tycoons shape global markets, driving growth across energy, finance, and infrastructure sectors.

Feyisayo Ajayi Feyisayo Ajayi
Jim Ovia, founder of Zenith Bank
BusinessHot News

Nigeria’s richest banker Jim Ovia loses over $100 million in two months

Jim Ovia loses $100 million as Zenith Bank shares fall after dividend adjustment and sector profit-taking pressure.

Timilehin Adejumobi Timilehin Adejumobi
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