African billionaires luxury hotel developers
BillionairesBusinessHot News

10 African billionaires building luxury hotels across the continent

African billionaires are financing luxury hotels across the continent, partnering global brands to transform tourism and real-estate markets.

Feyisayo Ajayi Feyisayo Ajayi
Ultra-luxury destinations in Mauritius
LuxuryTourism

15 ultra-luxury destinations to explore this season in Mauritius

Mauritius’ 15 top ultra-luxury destinations, blends pristine beaches, adventure, and cultural heritage for elite travelers.

Feyisayo Ajayi Feyisayo Ajayi
Africa education funds
BusinessHot News

10 of Africa’s biggest Education funds

Africa’s top 10 education funds invest millions, boosting STEM, leadership, and research to shape the continent’s future talent pipeline.

Feyisayo Ajayi Feyisayo Ajayi
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Capitec Bank
BusinessHot News

South Africa’s Capitec profit tops $1 billion as customers reach record 26 million

Capitec posts its first annual profit above $1 billion as its clients rise to a record 26 million, driven by lending and digital services.

Omokolade Ajayi Omokolade Ajayi
Remgro FirstRand exit
BillionairesBusinessHot News

South African billionaire Johann Rupert’s Remgro exits FirstRand with $515 million sale

Remgro exits FirstRand after R8.47 billion ($515 million) share sales, unlocking capital for new investments as the group reshapes its portfolio.

Feyisayo Ajayi Feyisayo Ajayi
Jamil Abubakar, Dangote Group infrastructure and logistics chief, appointed as Aliko Dangote expands trade and logistics operations across Africa.
BusinessHot News

Aliko Dangote’s son-in-law, Jamil Abubakar, takes leadership role at Dangote Group

Jamil Abubakar becomes Dangote Group infrastructure and logistics chief as Aliko Dangote expands African trade network.

Omokolade Ajayi Omokolade Ajayi
LEVA Hotels signs $1B Bulawayo hotel deal, boosts Zimbabwe tourism
BusinessTourism

LEVA Hotels signs deal with Radar Properties for Kings City hotel in Zimbabwe

LEVA Hotels is expanding its presence in Southern Africa with a new hospitality project in Bulawayo, pointing to renewed investor interest in Zimbabwe’s tourism and real estate sectors. The Dubai-based brand has signed a management agreement with Radar Properties to develop a $1 billion lifestyle hotel within the Kings City mixed-use development.  The agreement reflects a wider shift among international…

Oluwatosin Alao Oluwatosin Alao
Outgoing Chief Executive Officer John Lamola
BusinessHot News

SAA under scrutiny after CEO John Lamola’s exit as AG flags weak controls, revenue leaks

South African Airways faces scrutiny after John Lamola’s exit as AG flags weak financial controls, revenue leakages and poor reporting standards.

Omokolade Ajayi Omokolade Ajayi
OCI Global Methanex exit strategy
BusinessHot News

Nassef Sawiris-backed OCI exits Methanex stake, nets $370 million from share sales

OCI Global exits Methanex stake after $370 million sell-down, completing phased divestment and sharpening focus on core nitrogen assets.

Feyisayo Ajayi Feyisayo Ajayi
Apple names John Ternus CEO, replacing Tim Cook to drive AI growth
BusinessTechnology

Apple appoints John Ternus CEO as tech giant enters new era

Apple is entering a new phase, handing leadership of the world’s most valuable technology company to a longtime insider as it looks to sharpen its edge in product design and stay competitive in a changing market.  The company said John Ternus will take over as chief executive on Sept. 1, replacing Tim Cook, who is stepping down after 15 years.…

Oluwatosin Alao Oluwatosin Alao
Papa Madiaw Ndiaye NEM Insurance stake
BusinessExclusive

Meet Senegalese financier Papa Madiaw Ndiaye, holding $18 million stake in Nigeria’s NEM Insurance

Senegalese financier Papa Madiaw Ndiaye holds an $18 million stake in Nigeria’s NEM Insurance, signaling growing Africa insurance investment.

Feyisayo Ajayi Feyisayo Ajayi
Portside Tower
BusinessHot News

South Africa’s 10 office hubs powering global business

South Africa’s office hubs from Sandton to Cape Town are becoming ESG-driven corporate powerhouses attracting global firms and investors.

Timilehin Adejumobi Timilehin Adejumobi
Accor signs deal with MAVEN to launch TRIBE Ain Sokhna at Baymount
BusinessLuxury

Accor signs deal with MAVEN to launch TRIBE Ain Sokhna, first entry into Egypt

Accor signs deal with MAVEN to launch TRIBE Ain Sokhna at Baymount, marking its first hotel entry into Egypt’s Red Sea coast.

Timilehin Adejumobi Timilehin Adejumobi
IFC New Hope loan
BillionairesBusinessHot News

IFC eyes $150 million loan to New Hope unit to expand animal feed production across emerging markets

IFC considers $150 million loan to New Hope unit to expand animal feed production across emerging markets and strengthen food supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Nairobi, Kenya's capital city.
BusinessHot News

Kenya targets $150 billion biodiversity financing in UN-backed plan

Kenya plans to mobilize up to $150 billion in biodiversity financing over a decade under UN-backed BIOFIN alongside a $500 million green bond push.

Omokolade Ajayi Omokolade Ajayi