CBZ-bank
BusinessHot News

Zimbabwe’s CBZ Bank secures $190 million Afreximbank funding boost

CBZ Bank Afreximbank funding reaches $190 million, boosting Zimbabwe trade finance, SMEs and energy projects to fuel economic growth.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $215 million half-year profit

Abdul Samad Rabiu’s BUA Foods surged to a $215 million half-year profit in 2026, driven by aggressive cost cuts despite falling revenues.

Omokolade Ajayi Omokolade Ajayi
Kenya’s Bakex Millers grows flour business as demand for baking products rises
BusinessHot News

Kenya’s Bakex Millers grows flour business as demand for baking products rises

Kenya’s Bakex Millers expands its flour business with new wheat products as demand rises for baking ingredients and quality food solutions.

Oluwatosin Alao Oluwatosin Alao
Standard Bank Office
BusinessHot News

South Africa secures $332 million AfDB, Standard Bank SME financing deal

South Africa SME financing deal unlocks $332M from AfDB and Standard Bank to boost SMEs, jobs and women-led businesses.

Timilehin Adejumobi Timilehin Adejumobi
The Foschini Group
BusinessHot News

Foschini Group to close 300 stores across South Africa

Foschini Group store closures will see 300 South African outlets shut as TFG cuts costs and targets higher profitability.

Timilehin Adejumobi Timilehin Adejumobi
Bolt taps ChatGPT to expand ride-hailing across Africa and worldwide
TechnologyBusiness

Bolt taps ChatGPT to expand ride-hailing across Africa and worldwide

Bolt integrates ChatGPT into its ride-hailing platform, allowing users across Africa and global markets to search and book rides through AI.

Oluwatosin Alao Oluwatosin Alao
Armando Perny, acting CEO of Telecom Namibia
BusinessHot News

Telecom Namibia extends acting CEO Armando Perny’s term by six months

Telecom Namibia Acting CEO Armando Perny gets a six-month extension to lead digital growth and network expansion in Namibia.

Timilehin Adejumobi Timilehin Adejumobi
female CEO
BusinessHot News

10 female CEOs leading Africa’s largest listed companies in 2026

Female CEOs now lead Africa’s largest listed firms, steering nearly $80 billion in value across banking, mining, and consumer sectors.

Feyisayo Ajayi Feyisayo Ajayi
Paddy Zhanda
BusinessHot News

Paddy Zhanda builds multimillion-dollar empire including $7 million Masimba Holdings’ stake

Paddy Zhanda builds a multimillion-dollar empire through Masimba Holdings, leveraging strategic acquisitions and layered investments.

Feyisayo Ajayi Feyisayo Ajayi
Maputo left without a cinema as Nu Metro temporarily shuts its doors
EntertainmentBusiness

Maputo left without a cinema as Nu Metro temporarily shuts its doors

Maputo is without a cinema after Nu Metro temporarily closed its only theater, leaving moviegoers awaiting news on when screenings will resume.

Oluwatosin Alao Oluwatosin Alao
MTN Nigeria CEO & Francophone Africa VP, Karl Toriola
Hot NewsBusiness

Karl Toriola-led MTN Nigeria posts $519 million profit in H1 2026

MTN Nigeria posts $519 million H1 2026 profit as data growth, cost discipline and stable naira boost revenue, margins and telecom dominance.

Feyisayo Ajayi Feyisayo Ajayi
Seiso Mohai, new PIC's chair
BusinessHot News

PIC names Seiso Mohai chair as Cabinet approves board changes   

South Africa’s PIC appoints Seiso Mohai as chair after leadership turmoil sparks major board restructuring.

Timilehin Adejumobi Timilehin Adejumobi