Kenyan healthcare tycoon Jayesh Saini
BusinessBanking

Kenyan healthcare tycoon Jayesh Saini wins approval to take control of ABC Bank  

The Competition Authority of Kenya approved the proposed transaction after determining that it was unlikely to harm competition in the…

Timilehin Adejumobi Timilehin Adejumobi
UBA CEO Oliver Alawuba
BusinessCompaniesHot News

UBA launches Africa-wide green initiative to fight climate change

The five-day push began with immediate operational overhauls, eliminating single-use plastics across head offices and installing designated waste separation stations…

Omokolade Ajayi Omokolade Ajayi
Association of Corporate Communication and Marketing Professionals in Banks (ACAMB)
Hot NewsBankingBusiness

ACAMB alerts Nigerian bank users as cloned login sites target PINs, BVNs

ACAMB raised the alarm after monitors intercepted fraudulent text messages masking several lenders.

Omokolade Ajayi Omokolade Ajayi
Quickmart
Hot NewsBusinessCompaniesLatest

Kenya’s Quickmart gets $55 million in commitments for $116 million IPO

Quickmart secures $55 million in IPO commitments from four institutional investors as Kenya’s supermarket chain targets a $116 million share…

Feyisayo Ajayi Feyisayo Ajayi
Gauteng-based private equity leader Tomi Amosun
BusinessCompaniesHot News

Tomi Amosun’s Summit Africa exits lender after backing South Africa’s $30B farm sector

The divestment closes a four-year run in the alternative lending market, leaving the Sandton-based asset financier under familiar operational leadership.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Adobi Nwapa
BusinessCompaniesHot News

Zenith Bank rally lifts Nigerian executive Adobi Nwapa’s stake to $2.7 million

Zenith Bank executive Adobi Nwapa’s stake climbs to $2.7 million (N3.65 billion) as strong market demand and earnings lift the…

Omokolade Ajayi Omokolade Ajayi
TotalEnergies Marketing Nigeria
BusinessCompaniesHot News

TotalEnergies Marketing Nigeria returns to profit, logs $490 million in nine-month revenue

The downstream distributor reported an unaudited net profit of N5.84 billion ($4.32 million) for the period ended Sept. 30

Omokolade Ajayi Omokolade Ajayi
Mohammed Indimi
BusinessBankingBillionairesEnergyHot NewsLatest

Nigerian oil tycoon Mohammed Indimi’s Jaiz Bank stake slips to $76 million from over $135 million

Mohammed Indimi’s Jaiz Bank stake falls to $76 million from $135.7 million as shares decline ahead of the lender’s third-quarter…

Feyisayo Ajayi Feyisayo Ajayi
Sam Turya
BusinessHot NewsInvestments

Ugandan educator Sam Turayeboreka’s Kabojja plans $11 million acquisition of Rainbow school

Kabojja International School plans an $11 million acquisition of Rainbow International School, with dfcu Bank providing nearly $8 million in…

Feyisayo Ajayi Feyisayo Ajayi
Indian businessmen Nitin and Chetan Sandesara
BusinessEnergyEntrepreneurs

Indian tycoons Sandesara brothers’ energy firm completes acquisition of Eni’s Nigerian oil unit

Sandesara brothers’ Sterling Oil completes its acquisition of Eni’s Nigerian subsidiary, AENR, adding a 5% stake in the Renaissance joint…

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank
Hot NewsExecutives

Standard Bank Group pays top 7 executives $30.5 million as earnings surge in 2025

Standard Bank paid top seven executives $30.5 million in 2025 as profits rose, balance sheet expanded, and performance-linked pay climbed.

Baba Ahmadou Danpullo
BusinessHot News

Meet Cameroon’s richest man, Baba Ahmadou Danpullo, worth $900 million

Cameroon's richest man, Baba Ahmadou Danpullo, leads a vast empire spanning agriculture, telecoms, real estate, and cross-border trade.

Pick n Pay
BusinessCompanies

Pick n Pay to shrink store space as South African retailer cuts costs

Pick n Pay plans to halve oversized stores, cut occupancy costs and invest $84 million in renovations as South Africa's retail market slows.

Oluwatosin Alao Oluwatosin Alao
Kenyan healthcare tycoon Jayesh Saini
BusinessBanking

Kenyan healthcare tycoon Jayesh Saini wins approval to take control of ABC Bank  

Jayesh Saini moves into Kenyan banking as ABC Bank's proposed takeover advances amid higher capital requirements.

Timilehin Adejumobi Timilehin Adejumobi
UBA CEO Oliver Alawuba
BusinessCompaniesHot News

UBA launches Africa-wide green initiative to fight climate change

UBA ties commercial lending to climate targets across 20 African nations, backing clean energy and green projects for over 45 million depositors.

Omokolade Ajayi Omokolade Ajayi
Sheraton Lagos owner, Ikeja Hotel, posts $3.9 million profit after wiping out borrowing costs
HospitalityBusinessHot News

Sheraton Lagos owner, Ikeja Hotel, posts $3.9 million profit after wiping out borrowing costs

Sheraton Lagos owner Ikeja Hotel posted a 14% rise in net profit to $3.93 million, aided by zero borrowing costs and resilient corporate bookings.

Omokolade Ajayi Omokolade Ajayi
La Reserve Seychelles
LuxuryTourism

La Réserve Seychelles opens six private villas on Praslin Island  

La Réserve Seychelles brings six private beachfront villas, personalized hospitality and residential luxury to Praslin Island.

Timilehin Adejumobi Timilehin Adejumobi
easyJet
BusinessTravels

EasyJet signs Starlink deal to bring Wi-Fi to its entire fleet   

easyJet will install Starlink Wi-Fi across nearly 300 aircraft, as the airline weighs connectivity, costs and passenger demand.

Timilehin Adejumobi Timilehin Adejumobi
Mohammed Indimi
BusinessBankingBillionairesEnergyHot NewsLatest

Nigerian oil tycoon Mohammed Indimi’s Jaiz Bank stake slips to $76 million from over $135 million

Mohammed Indimi’s Jaiz Bank stake falls to $76 million from $135.7 million as shares decline ahead of the lender’s third-quarter results.

Feyisayo Ajayi Feyisayo Ajayi
BusinessBillionairesHospitality

Filipino billionaire Tony Tan Caktiong takes Hotel101 to Africa with $100 million Cairo project    

Filipino billionaire Tony Tan Caktiong backs Hotel101’s $100 million Cairo project as the hotel brand expands into Africa.

Timilehin Adejumobi Timilehin Adejumobi
Egyptian billionaire Hisham Talaat Moustafa
BillionairesBusinessHot News

Egyptian billionaire Hisham Talaat Moustafa seals $202B mega-deal to build cities

Hisham Talaat Moustafa’s TMG has secured a historic EGP11 trillion ($202.3 billion) state deal to develop four mixed-use megaprojects across Egypt.

Omokolade Ajayi Omokolade Ajayi