BusinessHot News

Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major milestone, becoming Africa’s third-richest person with a net…

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigerian billionaire Adebayo Ogunlesi loses $100 million as BlackRock hits $14 trillion

Adebayo Ogunlesi’s net worth drops to $2.4 billion amid BlackRock stock decline despite reaching $14 trillion in assets under management.

Omokolade Ajayi Omokolade Ajayi
Hot News

Unemployment in South Africa falls to lowest level since 2020

South Africa’s unemployment rate drops to 31.4 percent in fourth quarter 2025, lowest since 2020, as hiring improves modestly.

Omokolade Ajayi Omokolade Ajayi
Mandarin Oriental Egypt expansion
Hot NewsLuxury

Mandarin Oriental, TMG partner on Egypt luxury hotels, Nile Cruise

Mandarin Oriental Hotel Group expands in Egypt with historic hotels and its first luxury Nile cruise launch.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Aliko Dangote’s daughters, Halima, Fatima, Mariya, take key roles in family conglomerate

Dangote daughters assume executive roles, leading energy, cement, and international operations at Africa’s top conglomerate.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa fast-tracks $3 billion Durban LNG power plant

South Africa accelerates a $3 billion Durban LNG plant, combining power generation, gas pipelines, and industrial LNG supply.

Omokolade Ajayi Omokolade Ajayi
PIC raises stake in Famous Brands
BusinessHot News

PIC boosts Famous Brands stake to 15.02% in $53 million bet

PIC raises stake in Famous Brands to $53 million, lifting holding to 15.02% as sales rise and institutional appetite grows.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Patrice Motsepe steps down from ARM executive duties under new JSE rules

South African billionaire Patrice Motsepe steps down from ARM executive role, stays as chairman.

Omokolade Ajayi Omokolade Ajayi
Ninety-One Resilient REIT stake increase
BusinessHot News

Ninety-One increases Resilient REIT stake to $212 million

Ninety-One lifts Resilient REIT stake to $212 million, reinforcing institutional confidence in South Africa’s retail property sector.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

BUA Group drives Africa’s food independence through strategic Abu Dhabi deals

BUA Group teams with AD Ports and MAIR to expand sugar refining, regional food production, and global logistics.

Omokolade Ajayi Omokolade Ajayi
Africa’s oldest billionaires
ExclusiveHot News

Africa’s 10 oldest billionaires

Africa’s 10 oldest billionaires, 75 and above, built $50 billion empires spanning retail, banking, mining and luxury goods.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Africa’s first defense tech prime Terra Industries closes $34 million funding round

Terra Industries raises $34 million to expand Africa’s first homegrown defense tech and secure $11 billion in critical infrastructure.

Omokolade Ajayi Omokolade Ajayi
IFC backs Kenya’s electric mobility expansion
Hot NewsTechnology

IFC invests $5 million in Arc Ride to scale Kenya’s electric motorcycle market

IFC plans $5 million investment in Arc Ride, accelerating Kenya’s electric motorcycle and battery-swap expansion.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTourism

Nigerian billionaire Abdul Samad Rabiu shares boat cruise weeks after Masai Mara safari

Abdul Samad Rabiu shares a boat cruise after Masai Mara safari; BUA Foods posts record profits, and cement expansion underway.

Omokolade Ajayi Omokolade Ajayi
Stefanutti Stocks order book
BusinessHot News

Stefanutti stocks shows recovery with over $960 million order book

Stefanutti Stocks’ R15.3 billion ($960.52 million) order book and debt cut signal recovery, positioning the group for steady infrastructure growth.

Feyisayo Ajayi Feyisayo Ajayi
Africa avocado exporters 2026
BusinessHot News

10 biggest exporters of Avocado in Africa

Africa’s avocado exports surge as Morocco overtakes Kenya, reshaping global supply chains and rural economies across the continent.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

Africa’s growth draws US, China as global powers vie for influence

Africa’s rapid growth draws the United States, China, and Russia as global powers compete for trade and influence.

Omokolade Ajayi Omokolade Ajayi
Africa largest landing gear plants
Hot NewsTechnology

10 largest landing gear plants in Africa

Africa’s largest landing gear plants signal rising aerospace ambition, led by Morocco, South Africa and emerging hubs.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa’s oldest billionaire hits $10.4 billion after $1.55 billion bid fails

Natie Kirsh adds $734 million in 2026, pushing Africa’s oldest billionaire to $10.4 billion despite $1.55 billion bid fallout.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigerian billionaire Tony Elumelu backs President Tinubu on youth, power reforms

Tony Elumelu meets President Tinubu, supporting youth entrepreneurship, power sector reforms, and economic growth in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Kerten Hospitality opened the year signing 1,000 hotel keys after record 2025’s investor interest.
BusinessTourism

Kerten Hospitality drives growth with bold 2026 expansion plans

Kerten Hospitality is stepping into 2026 with a strong push to expand…

Oluwatosin Alao Oluwatosin Alao
IFC Dashen Bank partnership
BusinessHot News

IFC partners with Dashen Bank for $20 million SME financing in Ethiopia

IFC, Dashen Bank launch $20 million SME finance in Ethiopia, boosting agribusiness…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Abdul Samad Rabiu becomes Africa’s third-richest as net worth hits $11 billion

Nigerian billionaire industrialist and philanthropist Abdul Samad Rabiu has reached a major…

Omokolade Ajayi Omokolade Ajayi
Show More