Oil and Gas Plant
BusinessHot News

Nigeria opens bidding for 50 oil and gas blocks in major energy push

Nigeria opens bidding for 50 oil and gas blocks, aiming to attract investment, boost crude output and strengthen Africa's energy sector.

Timilehin Adejumobi Timilehin Adejumobi
Suresh Bhagwanji Shah
BusinessHot News

Kenyan businessman Suresh Bhagwanji Shah’s stake in I&M Group tops $90 million

Suresh Bhagwanji Shah stake in I&M Group tops $90 million as NSE shares rally and the bank reports record quarterly profit.

Timilehin Adejumobi Timilehin Adejumobi
Folasope Aiyesimoju
BusinessHot News

Nigeria’s dealmaker, Folasope Aiyesimoju loses $30 million as CAP shares plunge 39% on NGX

Folasope Aiyesimoju’s CAP stake drops over $30 million as shares fall 39% on NGX, eroding value after strong earlier gains.

Feyisayo Ajayi Feyisayo Ajayi
Zambia’s Kafue National Park
TourismLuxury

Zambia gains new luxury safari camp as Anantara expands in Africa

Anantara opens its first luxury tented safari camp in Zambia’s Kafue National Park, offering exclusive wildlife experiences and sustainable travel.

Oluwatosin Alao Oluwatosin Alao
Transnet
BusinessHot News

Transnet to invest $8 billion in 5-year turnaround plan

Transnet will invest $8 billion over five years to fix rail and ports, cut costs, and restore growth and investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Hot NewsBusiness

Femi Otedola-led First HoldCo posts $473 million half-year pre-tax profit

Femi Otedola-led First HoldCo posted $473.8 million in half-year pre-tax profit as stronger fee income and lower credit losses lifted earnings.

Omokolade Ajayi Omokolade Ajayi
Wema Bank
BusinessHot News

Wema Bank partners Duplo to expand into business financial software 

Wema Bank Duplo partnership adds financial software tools to ALAT Business as banks compete for SME and corporate.

Timilehin Adejumobi Timilehin Adejumobi
Tanzania’s first dollar billionaire, Rostam Aziz
BusinessHot News

Mombasa gas terminal, owned by Tanzania’s first dollar billionaire Rostam Aziz, nears completion

Rostam Aziz’s Ksh16 billion ($124 million) Mombasa LPG terminal nears completion, set to reshape Kenya’s gas market.

Omokolade Ajayi Omokolade Ajayi
Air Zimbabwe
Hot NewsBusiness

Air Zimbabwe restores direct London flights after 14 years

Air Zimbabwe restarts direct Harare to London Gatwick flights after 14 years using a leased Airbus A330-300 to revive direct UK connections.

Omokolade Ajayi Omokolade Ajayi
World's richest person Elon Musk.
BillionairesBusinessHot News

Elon Musk loses $528 billion in five weeks as SpaceX shares plunge after IPO

Elon Musk’s fortune fell by $528 billion in five weeks as SpaceX shares tumbled nearly 47 percent following its historic stock market listing.

Omokolade Ajayi Omokolade Ajayi
Barra do Dande Port
BusinessGlobal News

Angola unveils $900 million Port expansion backed by Chinese companies

Angola secures a $900 million Chinese-backed investment to expand Barra do Dande Port, boosting exports, manufacturing and trade infrastructure.

Oluwatosin Alao Oluwatosin Alao
Delta Property Fund
BusinessHot News

South Africa’s Delta Property Fund to sell Pretoria asset for $2 million

Delta Property Fund to sell Pretoria asset for $2 million as part of strategy to cut debt, exit non-core holdings, and strengthen balance sheet.

Feyisayo Ajayi Feyisayo Ajayi