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
Fidelis Ayebae dividend Fidson
Hot News

Nigerian pharma mogul Fidelis Ayebae, family to pocket $1.01 million in Fidson healthcare dividend

Fidelis Ayebae and family to receive $1.01 million dividend from Fidson as profits surge and payout rises 57 percent.

Feyisayo Ajayi Feyisayo Ajayi
Andrada Mining $11m raise
BusinessHot News

Andrada Mining raises $11 million to accelerate critical minerals expansion in Namibia

Andrada Mining secured $11 million in private placement to expand tin and critical minerals production in Namibia, strengthening its balance sheet.

Feyisayo Ajayi Feyisayo Ajayi