MCB wins awards for $400 million energy deal
BusinessBankingHot NewsLatest

Mauritius’ MCB inks $20 million deal with GreenYellow to develop 17 solar plants

MCB and GreenYellow sign a $20 million deal to develop 17 solar plants in Mauritius, adding more than 25 MW…

Feyisayo Ajayi Feyisayo Ajayi
Lombard
Hot News

Bonifacio brothers win court battle against Lombard Insurance over $6 million Kusile dispute

Jorge and Sergio Bonifacio defeat Lombard Insurance’s bid to sequestrate them over a $6 million indemnity dispute linked to Eskom’s…

Feyisayo Ajayi Feyisayo Ajayi
Saifee Durbar
BusinessEnergyHot News

Businessman Saifee Durbar eyes Lake Albert oil blocks amid questions over credentials

Saifee Durbar eyes DRC's Lake Albert oil blocks as Congolese authorities raise concerns about his business background and credentials.

Feyisayo Ajayi Feyisayo Ajayi
Congo reverses Falcon 7X seizure 6 years after Lebanese businessman’s $2.5 billion claims
BusinessHot News

Congo reverses Falcon 7X seizure 6 years after Lebanese businessman’s $2.5 billion claims

A French court orders the return of Congo President Denis Sassou-Nguesso’s Falcon 7X, reversing a 2020 seizure linked to $2.5…

Feyisayo Ajayi Feyisayo Ajayi
Kenyan businesswoman and executive Sylvia Mulinge
BusinessCompaniesHot News

Sylvia Mulinge powers MTN Uganda to $141 million profit in 9M 2026

The quarterly performance prompted directors to approve another interim cash distribution, taking total payouts declared this year to Ush21.25 ($0.0053)…

Omokolade Ajayi Omokolade Ajayi
Supermarket Income REIT
BusinessCompaniesHot News

Supermarket Income REIT raises $80 million to expand British store network

Management plans to blend the newly minted equity with existing debt facilities to push the transactions across the finish line.

Omokolade Ajayi Omokolade Ajayi
Truworths International
BusinessCompaniesHot News

Truworths sales drop 4.3% to $393 million as consumer squeeze persists

The top-line contraction reflected tightening household budgets, but management pulled back on aggressive discounting to shield operating margins.

Omokolade Ajayi Omokolade Ajayi
Peter Ndegwa, CEO of Safaricom.
BusinessHot NewsTechnology

Kenyan executive Peter Ndegwa leads Safaricom to record $388 million half-year profit

The half-year haul, up from Ksh29.19 billion ($224.71 million) a year earlier, reflected resilient domestic demand and dramatically reduced losses…

Omokolade Ajayi Omokolade Ajayi
Ethiopian Green Lands
Hot NewsBusiness

Ethiopia leaps into Africa’s top 5 economies as revised GDP tops $210 billion

The revision shifts the baseline calculation year from 2015-2016 to modern benchmarks.

Omokolade Ajayi Omokolade Ajayi
DOTT Services
BusinessCompaniesHot News

Uganda’s DOTT Services gets $28 million for $550 million regional EPC pipeline

Afreximbank provides Uganda’s DOTT Services with $28 million to execute a $550 million infrastructure pipeline across four African markets.

Feyisayo Ajayi Feyisayo Ajayi
De Beers
BusinessMining

De Beers raises 2026 diamond target despite South Africa mine shutdown

De Beers raises its 2026 diamond production target as prices plunge 37%, while Botswana, Namibia and Angola seek a bigger stake in the group.

Nigerian billionaire Abdul Samad Rabiu.
LuxuryBillionairesBusinessHot News

After $237 million dividend, Abdul Samad Rabiu is ‘Cruising the Mediterranean’

After receiving $237 million dividend from BUA Cement, Nigerian billionaire Abdul Samad Rabiu cruises the Mediterranean following strong 2025 results.

MCB wins awards for $400 million energy deal
BusinessBankingHot NewsLatest

Mauritius’ MCB inks $20 million deal with GreenYellow to develop 17 solar plants

MCB and GreenYellow sign a $20 million deal to develop 17 solar plants in Mauritius, adding more than 25 MW of capacity.

Feyisayo Ajayi Feyisayo Ajayi
Shell workers
BusinessEnergy

Shell Lubricants taps TAQA Petroleum to expand its reach across Egypt

Shell Lubricants Egypt partners with TAQA Petroleum to reach motorists through 72 service stations and expand its automotive products network.

Timilehin Adejumobi Timilehin Adejumobi
Airtel Africa telecom
BusinessTechnology

Airtel Africa launches second tranche of share buyback, targets 12 million shares

Airtel Africa launches a second share buyback tranche, targeting 12 million shares for cancellation under its capital return plan.

Timilehin Adejumobi Timilehin Adejumobi
Flooded Kruger National Park Entrance
TourismBusiness

Kruger National Park grapples with $29.2 million funding gap after floods  

Kruger National Park faces a $29.2 million funding gap as flood recovery puts South Africa's tourism infrastructure under pressure.

Timilehin Adejumobi Timilehin Adejumobi
Tourists in Kenya
TourismTravels

Kenya targets nearly 200,000 UK tourists as arrivals set to rise 16.8%

Kenya targets 199,645 UK visitors in 2026, using airline partnerships, digital marketing and new tourism experiences to drive growth.

Timilehin Adejumobi Timilehin Adejumobi
Chukwuerika Achum, founder & CEO Vivajets
BusinessInvestmentsTravels

Nigerian aviation mogul Chukwuerika Achum takes VivaJets into Francophone Africa     

VivaJets expands into Francophone Africa as Chukwuerika Achum grows its fleet, secures financing and pursues regional aviation deals.

Timilehin Adejumobi Timilehin Adejumobi
ARM's non-executive chairman, Patrice Motsepe.
BusinessBillionairesHot NewsLatestMining

Patrice Motsepe’s ARM faces fresh delay in bid to liquidate 2 South African mining firms

Patrice Motsepe’s ARM faces another court delay in its bid to liquidate two South African mining firms over creditor opposition.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola
BusinessBankingBillionairesHot NewsLatest

Femi Otedola’s First HoldCo stake slips to $1 billion, shedding $328 million in 3 days

Femi Otedola’s First HoldCo stake slips to $1.07 billion after a 23% share price decline wipes $328 million off its value in three days.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest person Aliko Dangote
BusinessBillionairesEnergyHot NewsLatest

Aliko Dangote’s $327 million investment boosts Kenya Pipeline Company’s value by $834 million

Kenya Pipeline Company gains $834 million in market value after Aliko Dangote acquires a 24.76% stake, driving shares to record highs.

Feyisayo Ajayi Feyisayo Ajayi