Nigerian businessman and GTBank co-founder, Fola Adeola.
BusinessHot News

GTBank co-founder Fola Adeola gains $44 million as oil stake hits $271 million

Fola Adeola’s Aradel stake rebounds to $271.4 million as shares rise 19.7 percent after a sharp June-to-July selloff.

Omokolade Ajayi Omokolade Ajayi
Mauritius-based insurance group MUA Limited
BusinessHot News

Mauritius-based MUA posts $7.85 million first-half profit as home market drives growth

MUA Limited’s first-half profit rose 48 percent to $7.85 million as stronger insurance earnings in Mauritius offset losses in parts of East Africa.

Omokolade Ajayi Omokolade Ajayi
south-african-asset-manager-ninety-one
BusinessHot News

Ninety One’s Africa credit fund reaches $404 million at final close

Ninety One Africa Credit Fund reaches $404 million, backing private credit and infrastructure projects across Africa and emerging markets.

Timilehin Adejumobi Timilehin Adejumobi
South Africa inflation falls to 4.3%, easing pressure on consumers
Business

South Africa inflation falls to 4.3%, easing pressure on consumers

South Africa’s inflation rate fell to 4.3% in July, helped by lower fuel and food prices, easing pressure on consumers and the central bank.

Oluwatosin Alao Oluwatosin Alao
Beninese music icon Angélique Kidjo
EntertainmentHot News

Angelique Kidjo becomes first Black African to receive Hollywood Walk of Fame star     

Angélique Kidjo makes history as the first African musician and Black African to receive a Hollywood Walk of Fame star.

Timilehin Adejumobi Timilehin Adejumobi
Standard Bank Office
BusinessHot News

Standard Bank, UnionPay bet on Africa’s growing e-commerce market

Standard Bank UnionPay partnership expands e-commerce payments across nine African markets as businesses target more international customers.

Timilehin Adejumobi Timilehin Adejumobi
CMH seals $46 million deal for 13 dealership properties
BusinessHot News

South Africa’s CMH seals $46 million deal for 13 dealership properties

South Africa’s CMH will spend $46 million on 13 dealership properties, cutting rental exposure and expanding its ownership of key real estate.

Oluwatosin Alao Oluwatosin Alao
KC Luxury
BusinessHot News

Nigerian influencer Afolabi Michael arrested by NDLEA over cocaine worth $28 million destined for UK

Nigerian influencer Afolabi Kazeem Micheal, known as KC Luxury, was arrested after NDLEA seized cocaine worth nearly $28 million bound for Britain.

Feyisayo Ajayi Feyisayo Ajayi
Chevron-Equinor-deal-signing
BusinessHot News

Equinor joins Chevron in Namibia offshore block as Africa oil expands

Equinor Namibia offshore oil deal gives the Norwegian energy giant a stake in PEL 90 as Chevron expands exploration in the Orange Basin.

Timilehin Adejumobi Timilehin Adejumobi
Absa Group, South Africa’s third-biggest lender.
BusinessHot News

Absa weighs Angola return, targets Nigeria banking license

Absa is weighing an Angola return and Nigeria merchant banking license as it seeks broader growth across Africa.

Timilehin Adejumobi Timilehin Adejumobi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN Rwanda’s half-year profit more than triples to $11.7 million on mobile money, data growth

MTN Rwanda more than tripled first-half profit to $11.7 million as Mobile Money and data revenue increased, while lower finance costs and tighter spending boosted earnings.

Omokolade Ajayi Omokolade Ajayi
Tanzanian billionaire Mohammed Dewji
BillionairesBusinessHot News

Tanzanian billionaire Mohammed Dewji eyes regional growth and industrial expansion

Tanzanian billionaire Mohammed Dewji meets Nedbank Chairman Daniel Mminele to discuss capital access and funding cross-border industrial growth in Africa.

Omokolade Ajayi Omokolade Ajayi