Hot NewsBusiness

Transcorp Power posts $39.8 million half-year profit despite Nigeria grid attacks

Tony Elumelu-backed Transcorp Power records a $39.87 million profit before tax, maintaining strong efficiency gains despite severe grid attacks.

Omokolade Ajayi Omokolade Ajayi
Mohammed El-Sewedy
BusinessHot News

Mohamed El-Sewedy’s stake in Egyptian electric giant nears $700 million

Mohamed El-Sewedy’s stake in Elsewedy Electric rises by $98 million in 2026, nearing $700 million as shares rally on strong market performance.

Feyisayo Ajayi Feyisayo Ajayi
Dis-Chem founder’s son Saul Saltzman
BusinessHot News

Saul Saltzman, son of Dis-Chem founders, resigns from board

Saul Saltzman resigns from Dis-Chem board as the pharmacy retailer undergoes leadership changes after years of expansion.

Timilehin Adejumobi Timilehin Adejumobi
South Africa lands Cisco investment to help revive Johannesburg
BusinessTechnology

South Africa lands Cisco investment to help revive Johannesburg

Cisco partners with Johannesburg to support inner-city revival through technology, digital skills and investment as U.S. business ties grow.

Oluwatosin Alao Oluwatosin Alao
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu collects $337 million BUA Foods dividend

Abdul Samad Rabiu receives a record N467 billion ($337.3 million) dividend as BUA Foods doubles its payout on surging profits.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Gideon Muriuki
Hot NewsBillionairesBusiness

Co-op Bank becomes Kenya’s fourth-most valuable company with $1.6 billion market cap under Gideon Muriuki

Co-op Bank overtakes EABL as Kenya's fourth-most valuable listed company after record profits, rising shares, and steady growth under Gideon Muriuki.

Omokolade Ajayi Omokolade Ajayi
Standard Bank Group
BusinessHot News

Standard Bank takes $8.6 million in franchise fees from Kenyan unit in 2025

Standard Bank took $8.6 million in franchise fees from Stanbic Kenya in 2025, extending a two-year decline as the unit’s profit surged.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed vi Tower, Morocco
TourismBusiness

Morocco to expand hotel capacity by a fifth ahead of 2030 World Cup    

Morocco hotel capacity expansion adds 60,000 beds ahead of the 2030 World Cup as tourism investment accelerates.

Timilehin Adejumobi Timilehin Adejumobi
Perenti Limited
BusinessHot News

Perenti’s AMS expands Ghana presence with new mine contract deal

Perenti AMS Ghana Mine Contract boosts Ghana growth after AngloGold Ashanti awards a new mining services deal at Iduapriem.

Timilehin Adejumobi Timilehin Adejumobi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s First HoldCo stake tops $700 million as shares hit record high

Femi Otedola's First HoldCo stake surpasses $700 million as the lender's shares hit a record high ahead of half-year earnings.

Omokolade Ajayi Omokolade Ajayi
TMG
Hot NewsBusiness

TMG hits $4 billion market cap, holds spot as Egypt’s No. 2 publicly listed firm

TMG hits $4 billion market cap, holds spot as Egypt’s No. 2 publicly listed firm

Feyisayo Ajayi Feyisayo Ajayi
Zeinab Ahmed Sadek Elsewedy
BusinessHot News

El-Sewedy Sisters, Mona, Zeinab, Azza’s stake in Egyptian electric giant rises by $49 million to $353 million

El-Sewedy sisters’ stake in Elsewedy Electric jumps $49 million to $353 million as shares rally, strengthening their position on Egypt’s exchange.

Feyisayo Ajayi Feyisayo Ajayi