African families
BillionairesHot News

Africa’s richest families worth over $15 billion

Africa’s richest families hold over $105 billion in 2026, but true multigenerational wealth remains rare across the continent’s evolving economy.

Feyisayo Ajayi Feyisayo Ajayi
CEO Alain Ebobissé at Africa50’s Infrastructure Acceleration Fund meeting
BusinessHot News

BII commits $20 million to Africa50 for infrastructure projects 

BII commits $20 million to Africa50’s infrastructure fund, taking its fourth close to about $330 million.

Timilehin Adejumobi Timilehin Adejumobi
Private freight operator Traxtion
BusinessHot News

Traxtion receives first locomotives at Port of Durban in $207 million rail investment

Traxtion receives its first locomotives in a $207 million rail expansion as South Africa opens freight rail to private operators.

Omokolade Ajayi Omokolade Ajayi
Fola Aiyesimoju
BusinessHot News

UAC pullback wipes $10 million off Fola Aiyesimoju’s portfolio, dragging his stake below $100 million

UAC pullback wipes $10 million off Fola Aiyesimoju’s portfolio, dragging his stake below $100 million

Feyisayo Ajayi Feyisayo Ajayi
Nairobi Securities Exchange
BusinessHot News

NSE tops KSh4 trillion for first time as investor wealth jumps $8.2 billion

Nairobi Securities Exchange surpasses KSh4 trillion as investor wealth rises $8.27 billion on strong gains in banks and Safaricom.

Omokolade Ajayi Omokolade Ajayi
Nigerian oil billionaire Muhammadu Indimi
Hot NewsBillionairesBusiness

Nigerian oil billionaire Muhammadu Indimi joins $43.5 million court battle with daughters

Nigerian oil billionaire Muhammadu Indimi seeks to join a $43.51 million appeal over Oriental Energy dividends in a case testing shareholder rights.

Omokolade Ajayi Omokolade Ajayi
Durban-born businessman Vivian Reddy
ExclusiveBillionairesBusinessLuxury

From borrowing $30 to building a $260 million mixed-use landmark: Meet Durban-born businessman Vivian Reddy

From borrowing $30 to building a $260 million mixed-use landmark, Vivian Reddy built one of South Africa's biggest developments.

Omokolade Ajayi Omokolade Ajayi
Maybank expands insurance business with $1.2 billion Etiqa deal
BusinessHot News

Maybank expands insurance business with $1.2 billion Etiqa deal

Maybank buys full control of Etiqa with a $1.2 billion deal, expanding its insurance business and strengthening its Southeast Asia growth plans.

Oluwatosin Alao Oluwatosin Alao
Galleria Burgas Shopping Mall, Bulgaria
BusinessHot News

Hyprop Investments acquires Bulgaria’s Galleria Burgas Mall for $140 million   

Hyprop Investments acquires Bulgaria’s Galleria Burgas Mall for $140 million, expanding its retail footprint in Eastern Europe.

Timilehin Adejumobi Timilehin Adejumobi
World Bank
BusinessHot News

World Bank unlocks $144 million for Kenya’s SMEs in its first Africa risk-sharing program

World Bank’s IFC unlocks $144 million for Kenya SMEs, boosting lending via risk-sharing deals with banks and fintech partners.

Feyisayo Ajayi Feyisayo Ajayi
Mali eyes up to $800 million from mining fund for roads and power projects
Business

Mali eyes up to $800 million from mining fund for roads and power projects

Mali plans to raise up to $800 million from a mining fund to finance roads, power, water and transport projects across the country.

Oluwatosin Alao Oluwatosin Alao
Telkom SA SOC Limited.
BusinessHot News

Telkom posts stronger first-quarter earnings as mobile subscribers climb to 25.3 million

Telkom reported stronger first-quarter earnings as mobile subscribers reached 25.3 million and data revenue continued to drive growth.

Omokolade Ajayi Omokolade Ajayi