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Equity Group

Kenyan banker James Mwangi to earn $5.7 million dividend from Equity Group

Kenyan banker James Mwangi will receive a $5.7 million dividend as Equity Group reports rising profits and regional growth.

Omokolade Ajayi Omokolade Ajayi
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Starlink logo on a screen with residential kit
CRAN Namibia decision

Namibia rejects Elon Musk’s Starlink bid to operate in the country 

Namibia has rejected a license application from Starlink, the satellite internet service backed by Elon Musk

Timilehin Adejumobi Timilehin Adejumobi
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Crude Oil

Nigeria moves to capitalize on oil surge amid global supply tensions

Nigeria plans to boost oil production amid global supply tensions, aiming to increase output and benefit from rising crude prices.

Omokolade Ajayi Omokolade Ajayi
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ADvTECH

ADvTECH’s Africa expansion lifts operating profit past $120 million in 2025

ADvTECH Group, Africa’s largest private education provider, reported its strongest results to date, crossing the $120 million mark in operating profit for the year ended Dec. 31, 2025. The company said operating profit rose 14 percent to R2.04 billion ($120.7 million), up from R1.8 billion ($106.5 million) a year earlier, as steady enrollment gains and measured fee increases supported growth across its core units. Revenue followed a similar pattern, climbing 10 percent to R9.33 billion ($552 million) from R8.5 billion…

Omokolade Ajayi Omokolade Ajayi
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Sterling HoldCo headquarters in Lagos, Nigeria.
Featured

Sterling HoldCo: A Story of Quiet Strength, Stakeholder Confidence

Sterling HoldCo raises N200 billion, boosts Sterling Bank and Alternative Bank, signaling investor confidence and regulatory compliance.

Feyisayo Ajayi Feyisayo Ajayi
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Africa

Cameroonian tech investor Eunice Ajim seeks $20 million to back Africa’s next fintech winners

Cameroonian tech entrepreneur and investor Eunice Ajim seeks $20 million to back Africa’s next generation of fintech startups.

Omokolade Ajayi Omokolade Ajayi
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Enko Education $22 million funding
Enko Education $22 million funding

Cameroonian Cyrille Nkontchou’s Enko Education secures $22 million from Standard Bank for African expansion

Enko Education secures $22 million from Standard Bank to expand across Africa, boosting access to high-quality, global education.

Feyisayo Ajayi Feyisayo Ajayi
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IFC telecom power Africa
Africa telecom infrastructure

IFC invests $45 million in clean telecom power to boost Africa connectivity

IFC commits $45 million to IPT PowerTech to expand clean telecom power, boosting connectivity across Ethiopia, Liberia, and Sierra Leone.

Feyisayo Ajayi Feyisayo Ajayi
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Patrick_Awuah, Atiku Abubakar, Bishop Oyedepo
Africa Education

10 university owners driving Africa’s education revolution

Africa’s higher education revolution fueled by private university founders

Timilehin Adejumobi Timilehin Adejumobi
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