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NCBA House
Africa Banking

Nedbank moves closer to acquiring Kenya’s NCBA  

Nedbank clears a key hurdle in its $870 million bid for a 66% stake in NCBA, advancing its East Africa expansion.

Timilehin Adejumobi Timilehin Adejumobi
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Rasik Kantaria FMB Capital loss
Featured

Kenyan investor and banker Rasik Kantaria loses $137 million from FMB Capital stake

Kenyan banker Rasik Kantaria loses $137 million as FMB Capital shares slide on Malawi exchange, trimming stake below $1 billion.

Feyisayo Ajayi Feyisayo Ajayi
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Sasol H1 2026 results
Featured

Sasol posts 52% drop in earnings, revenue hits $7.66 billion in H1 2026

Sasol posts $7.66 billion H1 revenue as earnings drop on softer oil, weaker chemicals margins.

Feyisayo Ajayi Feyisayo Ajayi
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Anadkat’s FMB Capital stake takes hit
Featured

Malawi’s richest man, Hitesh Anadkat, loses $290 million from FMB Capital stake

Hitesh Anadkat’s FMB Capital stake drops $290 million as shares slide, testing Malawi’s banking titan amid regional expansion.

Feyisayo Ajayi Feyisayo Ajayi
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Energy

Tullow Oil, partly owned by Beninese-Gabonese billionaire, secures $1.3B debt reprieve

Tullow Oil, partly owned by Beninese-Gabonese oil billionaire Samuel Dossou-Aworet, secures $1.3 billion debt relief to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
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Baba Ahmadou Danpullo
Baba Ahmadou Danpullo

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.

Feyisayo Ajayi Feyisayo Ajayi
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BUA Foods

MTN Nigeria hits $12.1 billion, tops BUA Foods as Nigeria’s most valuable listed company

There is a quiet shift taking place on the Nigerian Exchange, one that says as much about investor conviction as it does about the changing weight of sectors in Africa’s largest economy. MTN Nigeria Communications Plc has moved ahead of BUA Foods Plc to become the most valuable publicly listed company in Nigeria, after a sustained rally that has lifted its market capitalization to $12.14 billion. This did not happen in a single burst. It built steadily, backed by consistent…

Omokolade Ajayi Omokolade Ajayi
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City Lodge Newtown hotel closure
City Lodge Hotels South Africa

Top 7 investors of City Lodge Hotels

City Lodge Hotels rebounds post-pandemic with over $124 million revenue, strong institutional backing, and strategic shareholder alignment.

Feyisayo Ajayi Feyisayo Ajayi
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Zimbabwe’s park fee increase targets better visitor experience
conservation fees

Zimbabwe park fee hike signals tourism upgrade

Zimbabwe is raising park entry fees at some of its most visited attractions, a move that signals a strategic pivot toward high-value tourism and stronger conservation funding. The fee increases, led by the Zimbabwe Parks and Wildlife Management Authority, take effect in 2026 and introduce value-added tax (VAT) across key tourism services.  The changes will be felt most sharply at Victoria Falls, one of Africa’s top travel destinations and a UNESCO World Heritage site. As global tourism rebounds, Zimbabwe is…

Oluwatosin Alao Oluwatosin Alao
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