Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
BusinessHot News

Nigerian businessman Ladi Jadesimi’s Aradel stake nears $300 million as shares rise

Beyond Aradel, Jadesimi remains chairman of Ladol Group of Companies, which established and operates Nigeria’s largest Industrial Free Zone.

Omokolade Ajayi Omokolade Ajayi
Oriental Weavers reported stronger first-quarter 2026 earnings as exports and lower production costs supported growth at the Egyptian carpet manufacturer.
BusinessHot News

Oriental Weavers Q1 2026 profit rises to $17.1 million on lower costs, higher exports

The group, chaired by Yasmine Mohamed Farid Khamis, reported first-quarter profit of EGP893 million ($17.1 million), up 62 percent from…

Omokolade Ajayi Omokolade Ajayi
Altron FY2026 earnings results
BusinessHot NewsTechnology

South Africa’s Altron posts $587 million revenue as platform businesses drive $50 million profit 

Altron posts $587 million revenue and $50 million profit for FY ended Feb. 28, 2026 driven by digital platform businesses…

Feyisayo Ajayi Feyisayo Ajayi
Equity Group headquarters in Nairobi, Kenya.
BusinessHot News

Equity Group’s Q1 2026 profit jumps 24 percent to $150 million on regional growth

Profit rose to KSh19.1 billion ($150 million) in the three months to March 2026, compared with KSh15.4 billion ($120 million)…

Omokolade Ajayi Omokolade Ajayi
4G Capital Group Limited
BusinessHot News

Kenya fintech 4G Capital gets $6.2 million guarantee to expand MSME lending

4G Capital secures a $6.2 million IFC-backed guarantee to expand MSME lending in Kenya, boosting credit access for underserved businesses…

Feyisayo Ajayi Feyisayo Ajayi
Pick n Pay turnaround strategy
BusinessHot News

Ackerman family-backed Pick n Pay narrows loss to $24 million, raises $435 million to fund turnaround

Pick n Pay narrows loss to $24 million as Boxer drives growth, while a $435 million raise supports its ongoing…

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Dewji, Tanzania’s richest man and CEO of MeTL Group.
BillionairesBusinessHot News

Tanzania weighs takeover of billionaire Mo Dewji’s MeTL tea estates in Mbeya

In Mbeya, tea remains a cash crop, but inactive processing facilities linked to MeTL have left thousands of smallholder farmers…

Omokolade Ajayi Omokolade Ajayi
Egyptian wheat supply linked to import diversification strategy.
BusinessGlobal NewsHot News

Egypt targets Middle East grain hub amid rising import costs and supply risks

This comes as countries across the region continue to grapple with supply disruptions, rising import costs and pressure on food…

Omokolade Ajayi Omokolade Ajayi
Kasapreko debt reduction 2025
BusinessHot News

Ghanaian mogul Kwabena Adjei’s Kasapreko cuts debt to $52 million as cash reserves climb

Kasapreko cut debt to $52 million in 2025 as cash reserves rose, strengthening its balance sheet amid expansion in Ghana's…

Feyisayo Ajayi Feyisayo Ajayi
YeboYethu board resignation
BusinessHot News

YeboYethu director Tersha Walljee exits board after Vodacom employee trust cuts stake below 8%

YeboYethu director Tersha Walljee resigns after Vodacom Siyanda Employee Trust cut stake to 7.85%, breaching board representation threshold.

Feyisayo Ajayi Feyisayo Ajayi
Capitec dividend Jannie Mouton
BillionairesBusinessHot News

South African billionaire Jannie Mouton set for $27 million Capitec dividend

Mouton family to receive $27 million as Capitec lifts dividend on strong earnings and rising digital banking demand.

Feyisayo Ajayi Feyisayo Ajayi
Uber has approached Delivery Hero with an offer of €33 ($38.3) per share.
BusinessHot NewsTechnology

Uber proposes $11.6 billion bid for Delivery Hero as Prosus, led by South African billionaire Koos Bekker, trims stake

Uber has approached Delivery Hero with an offer of €33 ($38.3) per share, according to people familiar with the matter.

Omokolade Ajayi Omokolade Ajayi
Allan Kilavuka, immediate former Group Managing Director and CEO of Kenya Airways, in an official executive portrait.
BusinessHot News

Allan Kilavuka exits Kenya Airways with $1 million pay as airline posts $132 million loss in 2025

Kilavuka’s total compensation of KSh131.07 million ($1.01 million) included KSh75.4 million ($581,000) in pensions and other benefits, alongside a basic…

Omokolade Ajayi Omokolade Ajayi
Gold nuggets.
BusinessHot News

Zimbabwe restricts small-scale gold mining to citizens, tightening sector rules

The policy is aimed at separating large industrial mining projects from smaller operations reserved for local participants.

Omokolade Ajayi Omokolade Ajayi
Jaiz Bank dividend payout 2025
BusinessHot News

Nigerian banker and lawyer Sa’adat Mohammed set to earn N450 million dividend in 2025

Nigerian banker and lawyer Sa’adat Mohammed is set to earn over N450 million dividend from Jaiz Bank’s 2025 payout on…

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu sees $1 billion wiped from net worth in 4 days

The decline follows a sharp run-up in the shares of several major Nigerian companies as investors reacted to stronger corporate…

Omokolade Ajayi Omokolade Ajayi
Orange Mastercard digital payments Africa
BusinessHot News

Orange, Mastercard join forces to accelerate digital payments across seven African markets

Orange, Mastercard partner to expand digital payments across Africa, targeting underserved users with mobile money-linked debit cards.

Feyisayo Ajayi Feyisayo Ajayi
Zak Calisto Karooooo dividend
BusinessHot NewsTechnology

South African tech tycoon Zak Calisto set for $27 million dividend from Karooooo

Karooooo plans a $46 million dividend payout, boosting South African billionaire Zak Calisto’s earnings to $26.9 million.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote and NNPC Group CEO Bashir Bayo Ojulari.
BusinessHot News

NNPC accuses Dangote refinery of monopoly claims as refinery private placement draws $2 billion

NNPC argued that Nigeria’s fuel market still relies on a mix of domestic refining and imports, and that sudden restrictions…

Omokolade Ajayi Omokolade Ajayi
Cape Town-based executive Alan Keet, a regional leader at Apex Group overseeing African operations.
BusinessGlobal NewsHot News

Cape Town-based executive Alan Keet steers Apex Group to $300 billion in South African assets under administration

The growth reflects years of building operational depth in a market where scale, reliability, and client confidence remain central to…

Omokolade Ajayi Omokolade Ajayi
Agadir-Beach, Morocco
LuxuryTourism

Agadir: Morocco’s sunny escape with affordable travel in 2026

Agadir offers winter sun, low-cost UK flights and affordable stays, making Morocco’s Atlantic coast a smart travel choice for 2026.

Yaounde City, Cameroun
BusinessLuxury

Mutresor unveils $32 million five-star Concord hotel in Yaoundé

Yaoundé’s luxury scene grows as Mutresor unveils its $32 million five-star Concord Hotel.

Italian energy giant, Eni
BusinessHot News

Eni-led consortium approves next phase of Ivory Coast Baleine project 

Eni, Petroci and Vitol approve Baleine Phase 3, boosting Ivory Coast oil and gas output significantly.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
BusinessHot News

Nigerian businessman Ladi Jadesimi’s Aradel stake nears $300 million as shares rise

Ladi Jadesimi’s 5.27 percent stake in Aradel has climbed to $295.5 million as shares surge 164 percent in Nigeria’s energy sector rally.

Omokolade Ajayi Omokolade Ajayi
Oriental Weavers reported stronger first-quarter 2026 earnings as exports and lower production costs supported growth at the Egyptian carpet manufacturer.
BusinessHot News

Oriental Weavers Q1 2026 profit rises to $17.1 million on lower costs, higher exports

Oriental Weavers reports first-quarter 2026 profit of $17.1 million as revenue rises and exports strengthen amid lower production costs.

Omokolade Ajayi Omokolade Ajayi
Elsewedy Electric officials & Egypt PM
BusinessHot News

Elsewedy Electric, Egypt PM Madbouly discuss expansion, new investment plans 

Elsewedy Electric and PM Madbouly review expansion plans, including automotive manufacturing, industrial zones and new investments in Egypt.

Timilehin Adejumobi Timilehin Adejumobi
Altron FY2026 earnings results
BusinessHot NewsTechnology

South Africa’s Altron posts $587 million revenue as platform businesses drive $50 million profit 

Altron posts $587 million revenue and $50 million profit for FY ended Feb. 28, 2026 driven by digital platform businesses and recurring revenue growth.

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

South African billionaire Patrice Motsepe’s net worth drops $200 million so far in May

Patrice Motsepe’s net worth drops by $200 million in May to $3.7 billion as African Rainbow Minerals shares fall nearly 7 percent.

Omokolade Ajayi Omokolade Ajayi
Show More