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Duma Boko, Botswana President
BusinessHot News

Botswana unveils citizenship program to diversify economy

Citizenship by investment aims to reshape Botswana’s economy.

Timilehin Adejumobi Timilehin Adejumobi
Sanlam
BusinessHot News

Sanlam Unit Trust becomes Kenya’s CIS leader with $696.8-million asset under management

Sanlam Unit Trust tops Kenya’s CIS market with $697.29 million AUM in Q1 2025, overtaking CIC Asset Management.

Feyisayo Ajayi Feyisayo Ajayi
Africa salt industry
BusinessHot News

10 of Africa’s biggest salt producers

Africa’s salt industry is rising on solar ponds, coastal concessions and brine lakes driving production, exports and industrial demand across…

Feyisayo Ajayi Feyisayo Ajayi
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Cabinda phosphate fertilizer project site, Angola
African agriculture investment

Minbos Resources lands $16 million IDC funding for Angola fertilizer project

Minbos Resources gets a $16 million loan from IDC to fund Angola’s…

Timilehin Adejumobi Timilehin Adejumobi
Dangote Cement 2025 tax payment
Dangote Cement 2025 tax payment

Dangote Cement pays $380 million in taxes in 2025

Dangote Cement paid $380 million in 2025 taxes as profit topped $730…

Feyisayo Ajayi Feyisayo Ajayi
Abdul Samad Rabiu

Nigerian billionaire Abdul Samad Rabiu to pocket $237 million dividend from BUA Cement

Nigerian billionaire Abdul Samad Rabiu to receive $237 million from BUA Cement…

Omokolade Ajayi Omokolade Ajayi
Oriental Weavers 2025 profit
Egypt carpet manufacturer profits

Egypt’s Oriental Weavers posts $45 million in profits in 2025

Oriental Weavers posts $45 million profit in 2025 as revenue rises 10%…

Feyisayo Ajayi Feyisayo Ajayi
Prudential ICEA Lion stake sale
East Africa financial services

Prudential sells 24.1% ICEA portfolio acquired from Ndegwa family in 2021

Prudential will exit ICEA Lion, selling its 24.1% stake acquired in a…

Feyisayo Ajayi Feyisayo Ajayi
Featured

MTN Group forecasts massive rebound after MTN Nigeria posts $820 million profit

MTN Group expects earnings rebound as MTN Nigeria reports $820 million profit…

Omokolade Ajayi Omokolade Ajayi
Breadfast $50 million funding
Breadfast $50 million funding

Saudi billionaire-backed Breadfast targets Egypt grocery dominance

Breadfast secures $50 million from Mubadala and a Saudi billionaire family to…

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement 2025 tax payment
Aliko Dangote African business

Aliko Dangote’s cement business hauls in $3.2 billion revenue in 2025

Dangote Cement posts $3.16 billion revenue in 2025, with record profit $745.5…

Feyisayo Ajayi Feyisayo Ajayi
Adebayo Ogunlesi

Nigerian billionaire Adebayo Ogunlesi’s GIP nears deal to acquire power firm AES

Global Infrastructure Partners, founded by Adebayo Ogunlesi, is nearing a deal with…

Omokolade Ajayi Omokolade Ajayi