Labat Africa's first dividend
BusinessHot News

South Africa’s Labat Africa to pay first-ever $1.4 million dividend 

Labat Africa declared its first-ever $1.4 million dividend after a sharp earnings recovery and renewed focus on shareholder returns

Feyisayo Ajayi Feyisayo Ajayi
ExecutivesHot News

Capitec’s former CEO Gerrie Fourie pockets $9.4 million in 2026 pay package 

Capitec former CEO Gerrie Fourie pay package 2026 totals $9.4 million after strong earnings, governance transition and board return.

Timilehin Adejumobi Timilehin Adejumobi
Scatec
BusinessHot News

Norway’s Scatec plans $5 billion Egypt green energy investment

Scatec Egypt green energy investment accelerates up to $5B in solar, wind, storage and green infrastructure across Egypt’s energy transition.

Timilehin Adejumobi Timilehin Adejumobi
Namibia rejects Starlink license after dismissing 624 appeals
TechnologyBusiness

Namibia rejects Starlink license after dismissing 624 appeals

Namibia upheld its Starlink ban after rejecting 624 appeals, citing local ownership rules for telecom operators.

Oluwatosin Alao Oluwatosin Alao
Euro-bond
BusinessHot News

Ghana’s debt restructuring enters final stretch with bond exchange

Ghana debt restructuring enters its final phase as investors swap bonds, advancing fiscal stability and economic recovery.

Timilehin Adejumobi Timilehin Adejumobi
Dr. Awele Vivien Elumelu.
ExclusiveBusinessHot News

Dr. Awele Elumelu: Physician behind Nigeria’s top HMO and $1.6 billion hospitality giant

Dr. Awele Elumelu, the physician leading a $1.67 billion hospitality giant and Nigeria’s most trusted health maintenance organization.

Omokolade Ajayi Omokolade Ajayi
Deap Capital
BusinessHot News

Nigeria’s Deap Capital rebrands as CMFC, targets Africa mining growth

CMFC is expanding Africa critical minerals finance, targeting mining investments, commodities funding and value-chain growth.

Timilehin Adejumobi Timilehin Adejumobi
Djeliba
BusinessHot News

Djeliba Leisure Group gets IFC backing for $20.8 million Gambia hotel expansion

IFC plans $11 million backing for Djeliba Leisure Group’s $20.8 million hotel expansion, boosting Gambia tourism growth.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
Hot NewsBillionairesBusiness

Nigerian billionaire Tony Elumelu hosts Mastercard CEO as UBA deepens global banking push

Tony Elumelu hosts Mastercard CEO as UBA advances AI-driven cross-border banking and global expansion strategy.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s energy giant Aradel posts $90 million Q1 profit as new assets pay off

Aradel Holdings reports a 252 percent surge in Q1 profit to $90 million, powered by newly integrated upstream and gas assets.

Omokolade Ajayi Omokolade Ajayi
Revolut bank targets South Africa launch in 2028
BusinessTechnology

Revolut bank targets South Africa launch in 2028 as demand grows

Revolut targets South Africa launch by 2028 as it pursues banking licence and eyes expansion in Africa’s largest economy.

Oluwatosin Alao Oluwatosin Alao
Zambian economist Saviour Chibiya.
Hot NewsExecutives

Zambian economist Saviour Chibiya takes home $1.35 million from Absa Group

Saviour Chibiya saw his Absa Group pay rise to R22.17 million ($1.35 million) in 2025, driven by short-term performance incentives.

Omokolade Ajayi Omokolade Ajayi