Business

Latest Business News

Nigerian billionaire Tony Elumelu’s Seplat stake climbs to $934 million, nears $1 billion

Tony Elumelu’s Seplat stake hits $934 million as shares rally, nearing $1 billion amid strong investor demand.

Omokolade Ajayi Omokolade Ajayi

IFC partners Tamwilcom on $300 million facility to unlock SME financing in Morocco

IFC and Tamwilcom launch $300 million risk-sharing facility to boost SME financing, targeting women-led firms, agriculture and supply chains in Morocco.

Feyisayo Ajayi Feyisayo Ajayi

Meet Anne Muraya: First female CEO to lead Deloitte East Africa

Anne Muraya becomes the first female CEO of Deloitte East Africa, overseeing operations across markets and shaping the firm’s regional strategy.

Timilehin Adejumobi Timilehin Adejumobi

Meet Mike Teke: Ex-teacher leading South African multibillion-rand energy group

Ex-teacher Mike Teke leads Seriti Resources and billion-dollar Masimong Group shaping South Africa’s energy sector.

Omokolade Ajayi Omokolade Ajayi

Morocco commits $8.6 billion to boost telecom sector, expand 5G access

Morocco is ramping up investment in its telecom sector, committing $8.6 billion to expand high-speed internet and roll out 5G, part of a broader push to strengthen its digital economy and attract investment. The plan reflects a wider shift across Africa, where governments are upgrading networks to support growing demand for data, digital services and online business.  The North African country has already made significant progress. More than 10,690 of 10,740 targeted areas are now covered by 2G, 3G and…

Oluwatosin Alao Oluwatosin Alao

Crookes Brothers appoints Thomas Attree as audit chair following Farzanah Mall’s passing

Crookes Brothers appoints Thomas Attree as audit chair, strengthening governance after board losses and leadership gaps in March 2026. continuity

Feyisayo Ajayi Feyisayo Ajayi

BHP targets Zambia for major copper exploration expansion

BHP eyes Zambia’s untapped copper reserves, signaling renewed mining investment amid surging global demand for energy transition metals.

Timilehin Adejumobi Timilehin Adejumobi

South African tycoon Adrian Gore pockets $3 million in H1 2026 dividends from Discovery

Adrian Gore, Discovery co-founder, will receive R50.61M ($3.1M) interim dividends after insurer posts stronger earnings and higher payout growth.

Feyisayo Ajayi Feyisayo Ajayi

AFC secures $100 million India Exim Bank loan for African projects

Africa Finance Corporation lands a $100 million India Exim Bank facility to expand infrastructure, energy and industrial projects across Africa.

Timilehin Adejumobi Timilehin Adejumobi