African billionaires use trusts
BusinessHot News

5 types of trusts African billionaires use to protect and preserve wealth

African billionaires use trusts to shield assets, manage succession and preserve wealth across generations beyond headline deals quietly compounding

Feyisayo Ajayi Feyisayo Ajayi
Robben Island Museum
Hot NewsTourism

10 museums preserving South Africa’s history

Inside South Africa’s most influential history museums

Timilehin Adejumobi Timilehin Adejumobi
Addoha developer report 2025
BusinessHot News

Moroccan developer Addoha posts $55 million profit on strategy shift

Addoha posts $55 million profit as net income jumps 70%, signaling stronger execution and a shift to value-driven growth.

Feyisayo Ajayi Feyisayo Ajayi
- Advertisement -
Ad imageAd image
Zimbabwe, Zambia plan new Victoria Falls freight bridge to ease trade flows
BusinessTourism

Zimbabwe, Zambia back new Victoria Falls freight bridge to boost trade

Zimbabwe and Zambia have agreed to restrict heavy trucks and freight trains on the Victoria Falls Bridge, marking a policy shift aimed at easing pressure on one of Southern Africa’s busiest trade routes. The move underscores growing strain on aging infrastructure along the North-South Corridor, a key regional logistics artery.  Zambian President Hakainde Hichilema, speaking at an engineering conference in…

Oluwatosin Alao Oluwatosin Alao
Absa Kenya vehicle import financing
BusinessHot News

Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car ownership access.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigeria’s Terra Industries to open Africa’s largest drone factory in Ghana

Terra Industries, Nigeria’s defense tech startup, is building Africa’s largest drone factory in Accra, Ghana after raising $34 million.

Omokolade Ajayi Omokolade Ajayi
Sidian Bank
BusinessHot News

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

Nairobi-based Sidian Bank raises $23 million after profit jumps to Ksh1.47 billion ($11.4 million), strengthening capital for expansion.

Omokolade Ajayi Omokolade Ajayi
Nafasi Water CEO, Suzie Nkambule
BusinessHot News

South Africa’s Nafasi Water lands $9.5 million Norfund investment

Nafasi Water lands $9.5 million backing from Norfund to scale water infrastructure, reuse, and mining rehabilitation projects in Southern Africa.

Timilehin Adejumobi Timilehin Adejumobi
Dangote refinery fuel price increase
BusinessHot News

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across Africa.

Omokolade Ajayi Omokolade Ajayi
JW-Marriott-Mount-Kenya-Rhino-Reserve-Safari-Camp-Rendering
LuxuryTourism

JW Marriott opens luxury safari camp in Mount Kenya Rhino Reserve

JW Marriott will open a luxury safari camp in Kenya’s Solio Reserve in July 2026, blending high-end hospitality with conservation and local sourcing.

Timilehin Adejumobi Timilehin Adejumobi
Madaar launches $290 million Hillage in Sheikh Zayed as luxury demand rises
BusinessLuxury

Madaar launches $290 million Hillage project in Sheikh Zayed, Egypt

Madaar Developments is expanding its presence in Egypt’s real estate market with a $290 million residential project in Sheikh Zayed City, highlighting steady demand for upscale housing in West Cairo.  The launch of The Hillage comes at a time when developers are racing to secure limited land in one of Greater Cairo’s most in-demand areas. Improved roads and infrastructure have…

Oluwatosin Alao Oluwatosin Alao
Tazi family Sothema stake
BusinessHot News

Meet one of Morocco’s richest, Tazi family, with more than $650 million worth of shares

Tazi family’s $653 million Sothema stake cements control, reinforcing influence on Morocco’s pharmaceutical and healthcare landscape.

Feyisayo Ajayi Feyisayo Ajayi
INNNSCOR CEO, Julian Schonken
BusinessExclusive

Meet Julian Schonken: CEO of Zimbabwe’s $900 million food giant, Innscor Africa

Julian Schonken leads Innscor Africa, expanding Zimbabwe’s $900 million food group through investment, production growth and steady market demand.

Timilehin Adejumobi Timilehin Adejumobi
Spear REIT Limited CEO, Quintin Rossi
BusinessHot News

South Africa’s Spear REIT seals $27 million Watergate Centre retail deal

Spear REIT expands its Cape Town retail footprint with a $27 million Watergate Centre deal targeting steady income growth.

Timilehin Adejumobi Timilehin Adejumobi
South Africa power dispute deepens as Eskom faces pressure over grid control shift
BusinessTechnology

Eskom urged to shift grid control to NTCSA amid South Africa power strain

South Africa’s power sector is under fresh strain as tensions rise between Eskom and independent power producers, sharpening concerns about grid access, energy security and the pace of renewable energy investment.  A recent court ruling has brought the issue into sharper focus, raising questions about how scarce grid capacity is shared in one of Africa’s tightest electricity markets. Demand for…

Oluwatosin Alao Oluwatosin Alao