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Equity Center, Nairobi, Kenya.
BusinessExclusiveHot News

Equity Group, valued at $1.4 billion, is the leading lender in East, Central Africa

This reflects Equity Group’s effective regional diversification strategy, with nearly 50 percent of earnings now derived from operations outside Kenya.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Patrice Motsepe slips off world’s top 1,000 richest as net worth drops $400 million

Patrice Motsepe drops off Forbes’ top 1,000 richest after his net worth fell $400 million amid a slump in gold…

Omokolade Ajayi Omokolade Ajayi
Johnson Controls Arabia Raya Electronics partnership in Egypt
BusinessHot News

10 largest nickel mines in operation in Africa

Africa’s 10 largest nickel mines show how the continent is powering battery metals, exports, and clean-energy supply chains.

Feyisayo Ajayi Feyisayo Ajayi
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FirstRand UK motor finance provision
Featured

FirstRand raises UK motor finance provision to $997.2 million on FCA rules

FirstRand raises UK motor finance provision to £750 million ($997.2 million) as FCA redress rules drive higher costs and regulatory pressure.

Feyisayo Ajayi Feyisayo Ajayi
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South African billionaire Patrice Motsepe.
African Rainbow Minerals

South African billionaire Patrice Motsepe gains $200 million as ARM shares jump

South African billionaire Patrice Motsepe gains $200 million as ARM shares rise, boosting his net worth to $3.9 billion ahead of dividend payout.

Omokolade Ajayi Omokolade Ajayi
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FCMB

FCMB pushes value-chain coordination to boost Nigeria’s food security

FCMB promotes value-chain coordination to expand farmer access to inputs, finance, and markets, enhancing Nigeria’s food security.

Omokolade Ajayi Omokolade Ajayi
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Jim Ovia dividend
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Nigeria’s richest banker Jim Ovia to pocket $42 million from Zenith Bank

Nigeria’s richest banker Jim Ovia to pocket $42 million dividend as Zenith Bank posts $754 million profit, highlighting sustained financial growth.

Feyisayo Ajayi Feyisayo Ajayi
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Ethiopia teams with Russia’s Rosatom for first nuclear plant, boosting energy security
African industrial development

Ethiopia advances nuclear power plans with Russia partnership

Ethiopia is moving forward with a major plan to modernize its energy sector by signing a strategic roadmap with Russia’s state-owned nuclear company, Rosatom. The agreement marks a pivotal step toward developing the Horn of Africa nation’s first civilian nuclear power plant. Officials see the initiative as a way to diversify electricity supply and reduce dependence on hydropower, which is vulnerable to seasonal droughts.  On March 31, Ethiopian Foreign Minister Gedion Timothewos Hessebon and Rosatom executive Nikolay Spassky formalized the…

Oluwatosin Alao Oluwatosin Alao
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Lowe’s $250 million skilled trades initiative
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Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Feyisayo Ajayi Feyisayo Ajayi
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Canal+ revamps DStv pricing to simplify packages and cut costs for African viewers
Canal+

Canal+ slams DStv pricing, flags complexity for African viewers

Canal+ is moving to reset how pay-TV works in Africa after taking control of MultiChoice, putting the spotlight on simpler pricing for DStv and a clearer path to attract and keep subscribers.  For many households, the issue is straightforward: pay-TV has become harder to understand and, in some cases, harder to afford. Canal+ says DStv’s current structure — with multiple packages, add-ons and pricing tied to different technologies — is part of the problem.  The company now wants to make…

Oluwatosin Alao Oluwatosin Alao
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Dangote refinery fuel price increase
African Countries

Fuel from Dangote Refinery reaches more African countries amid Middle East supply disruptions

Petrol and fertiliser exports from Lagos-based Dangote Refinery rise as global disruptions push African energy costs higher.

Omokolade Ajayi Omokolade Ajayi
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South Africa gambling spending
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South Africa’s actual gambling spend hits $4.4 billion, not $88.8 billion as claimed

South Africa’s gambling spend reached R74.5 billion ($4.4 billion) in 2024, far below the R1.5 trillion ($88.8 billion) turnover figure often misreported.

Feyisayo Ajayi Feyisayo Ajayi
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