East African Breweries Ltd. (EABL)
BusinessHot News

East African Breweries delivers over $140 million profit in 2026

East African Breweries profit rose 49% to $140 million in 2026 as revenue, sales volumes and lower financing costs boosted earnings.

Timilehin Adejumobi Timilehin Adejumobi
Tina Rookledge
BusinessHot News

South African executive Tina Rookledge takes over as Pick n Pay’s finance chief

Pick n Pay appoints Tina Rookledge CFO after Lerena Olivier retires, advancing leadership succession and retailer turnaround strategy.

Feyisayo Ajayi Feyisayo Ajayi
Tanzania, Uganda sign energy deal
BusinessHot News

Tanzania, Uganda sign energy deal to expand East Africa power cooperation

Tanzania and Uganda sign an energy deal to boost regional power links, attract investment and strengthen East Africa’s energy security.

Oluwatosin Alao Oluwatosin Alao
Dennis Kahindi
TechnologyHot News

Raxio Group names Dennis Kahindi to lead Uganda data center

Raxio Uganda Data Center appoints Dennis Kahindi to drive cloud growth, digital infrastructure and secure data hosting in Africa.

Timilehin Adejumobi Timilehin Adejumobi
Nigeria Oil & Gas
BusinessHot News

Nigeria eyes up to $50 billion in offshore oil, gas investment by 2030

Nigeria offshore oil investment could reach $50 billion by 2030 as new projects, reforms and licensing rounds drive energy growth.

Timilehin Adejumobi Timilehin Adejumobi
Mbali Motanyane
BusinessHot News

South African executive Mbali Motanyane joins Exxaro following Dawood Cassim’s retirement

Exxaro appoints finance executive Mbali Motanyane as debt officer, succeeding retiring veteran Dawood Cassim after three decades.

Feyisayo Ajayi Feyisayo Ajayi
Close-up of South African Airways aircraft.
BusinessHot News

SAA, Emirates deepen alliance with expanded Africa route network

SAA and Emirates expand their codeshare, giving travelers single-ticket access to 9 key African routes via Johannesburg.

Omokolade Ajayi Omokolade Ajayi
Capitec-Bank
BusinessHot News

South Africa Regulator recommends approval of Capitec’s $24.5 million Walletdoc deal      

Capitec’s $24.5 million Walletdoc deal advances after regulators impose conditions to protect competition in digital payments.

Timilehin Adejumobi Timilehin Adejumobi
African electric mobility company Spiro.
TechnologyBusinessHot News

Spiro opens seventh Rwanda battery swap hub after securing $270 million funding

Spiro expands its Rwandan battery-swapping network with a seventh mega station, leveraging $270 million in funding to power African electric transit.

Omokolade Ajayi Omokolade Ajayi
Cameroonian businessman Elvis Mouafo
Hot NewsBusiness

Cameroonian businessman Elvis Mouafo launches Elvi Energy to enter petroleum sector

Elvis Mouafo launches Elvi Energy to enter Cameroon’s regulated petroleum market, pending approvals and strategy clarity.

Feyisayo Ajayi Feyisayo Ajayi
Kenyan banker John Gachora
Hot NewsBusiness

Kenyan banker John Gachora leads NCBA Group to $95.8 million half-year profit

NCBA Group led by John Gachora reports a $95.8 million half-year profit as digital loans soar, lifting interim dividend payouts by 50 percent.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

Aliko Dangote to use $5 billion IPO to expand Lagos refinery, build Kenya plant

Aliko Dangote targets $5 billion from the Dangote Refinery IPO to expand capacity in Lagos and build a new $17 billion refinery in Kenya.

Omokolade Ajayi Omokolade Ajayi