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Cygnum Capital’s FEI-OnGrid targets $750 million to expand Africa clean energy investments

FEI-OnGrid targets $750 million fund to scale decentralized renewable energy investments, boosting electricity access across underserved African markets.

Feyisayo Ajayi April 28, 2026

Business Hot News

Kenya’s Uchumi Supermarkets flags $55 million insolvency ahead of first AGM in eight years

Uchumi Supermarkets, under restructuring, says it is Ksh7.05 billion ($55 million) insolvent as of June 2025, signaling financial strain ahead of AGM.

Feyisayo Ajayi April 16, 2026

Africa’s biggest gatherings

Hot News Tourism

Africa’s 10 largest gatherings

Africa’s 10 largest gatherings span faith, music, and culture, showcasing global appeal, spiritual depth, and economic impact.

Feyisayo Ajayi September 17, 2025

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Jubilee pivots to Zambia’s copper growth

Business Hot News

London-headquartered miner, Jubilee sells its South African assets for $90 million

Feyisayo Ajayi October 9, 2025

Adewale Tinubu, chief executive officer of Oando Plc, plans a $750 million drilling campaign following the company's Angola oil block win.

Business Hot News

After Angola oil win, Nigerian energy mogul Adewale Tinubu plans $750 million drilling campaign

Omokolade Ajayi April 10, 2026

Senegal needs $10.6 billion in annual funding as IMF warns on debt outlook

Senegal’s GDP rebasing expands economy, but $10.6 billion annual funding…

Business December 6, 2025

Durban approves full beach access as festive tourism rises

At a Glance Durban has opened its entire coastline to…

Business December 3, 2025

$4.2 billion in African revenue linked to Tony Elumelu Foundation, CEO Somachi Chris-Asoluka says

Tony Elumelu Foundation-backed startups have generated $4.2 billion in revenue…

Exclusive March 21, 2026

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Wema Bank secures $5.9 million Proparco guarantee for MSME loans

February 21, 2026

FAO forecasts third straight rise in Sub-Saharan Africa’s food imports to $65 billion

November 21, 2025

South African billionaire Zak Calisto eyes insurance with King Price stake

February 28, 2026

Top manganese producers consider bid for new South Africa export hub

March 6, 2026

Zenith Bank pays $1.4 million in penalties as Nigeria’s regulatory dragnet tightens

April 9, 2026

Debswana

Business Hot News

Debswana, world’s top diamond producer by value, seeks $6 billion for Jwaneng underground project

Debswana seeks $6 billion to transform Botswana’s Jwaneng mine underground, aiming to extend operations to 2054.

Feyisayo Ajayi June 16, 2025

Gqeberha's Public Library

Gqeberha’s historic Main Library reopens as tourist attraction

February 3, 2026

African-owned electric companies

Elsewedy Electric expands Gulf manufacturing with $500 million investment

December 15, 2025

Shoprite enters community banking through R&A Cellular acquisition

March 16, 2026

African banks with most branches

Banks in Africa with more than 700 branches

December 22, 2025

MARRIOTT HOTEL

Marriott expands African presence with bold growth strategy

June 18, 2025

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African fintech

Business Hot News

Africa’s leading business hubs: where innovation meets opportunity

Timilehin Adejumobi May 28, 2025

Adebayo Ogunlesi, Nigerian billionaire and co-founder of Global Infrastructure Partners.

Business Hot News

Nigerian billionaire Adebayo Ogunlesi loses $100 million as BlackRock hits $14 trillion

Omokolade Ajayi February 17, 2026

Imota Rice mill

Business Hot News

10 biggest farms in Africa

Feyisayo Ajayi May 30, 2025

Top insurers in Africa

Business Hot News

Top 10 African insurers

Feyisayo Ajayi December 30, 2025

Tanzania launches $273 million petroleum storage expansion shields against Strait of Hormuz disruption

Tanzania breaks ground on $273 million petroleum storage to boost energy security…

Feyisayo Ajayi March 5, 2026

Nigerian billionaire Abdul Samad Rabiu shares boat cruise weeks after Masai Mara safari

Abdul Samad Rabiu shares a boat cruise after Masai Mara safari; BUA…

Omokolade Ajayi February 16, 2026

Afine Investments posts half-year profit of $1.4 million as portfolio expands

Afine Investments lifts half-year profit on rising rental income from fuel-station assets…

Feyisayo Ajayi November 17, 2025

Kumba Iron Ore restores $42 million retained earnings in 2025 turnaround

Kumba Iron Ore restored retained earnings to $42 million in 2025, reversing…

Feyisayo Ajayi February 19, 2026

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Conrad Pezula Resort & Spa

Conrad Pezula: South Africa’s coastal luxury powerhouse

Timilehin Adejumobi March 18, 2026

Business Hot News

EU backs Anglo-American and Sibanye-Stillwater in critical minerals push

Feyisayo Ajayi March 26, 2025

Hot News Technology

After $34 million raise, Terra Industries joins DICON to boost Nigeria’s defense sector

Omokolade Ajayi February 23, 2026

Santam Limited Head Office

Business Hot News

Santam enters India’s IFSC with GIFT City reinsurance branch

Timilehin Adejumobi February 20, 2026

JW Marriott Hotel, Rwanda

Rwanda’s conference tourism spurs five-star demand

Timilehin Adejumobi February 14, 2026

Visa and Bank of Abyssinia expand partnership to boost digital payments

Business Technology

Visa teams with Bank of Abyssinia to drive Africa digital finance

Oluwatosin Alao March 17, 2026

Egypt Red Sea

Hot News Tourism

Emaar Misr signs $18.5 billion deal to transform Egypt’s Red Sea tourism

Timilehin Adejumobi September 8, 2025

Co-op Bank Kenya half-year profit hits $109.1 million

Business Hot News

Co-op Bank Kenya half-year profit hits $109.1 million

Feyisayo Ajayi August 18, 2025

TECHNOLOGY

La-Villa-Boutique-Hotel

Accra’s Hidden Oasis: La Villa Boutique hotel delivers serenity

La Villa Boutique Hotel in Accra blends modern luxury, lush gardens, and authentic Ghanaian hospitality near Oxford Street.

Timilehin Adejumobi July 22, 2025

Best places to visit in Rwanda

10 most attractive places in Rwanda

December 24, 2025

IBL Group revenue hits $1.5 billion as regional diversification drives growth

February 15, 2026

African women footballers: Asisat and co

Top 5 African women footballers making waves on global stage

June 4, 2025

South Africa's Platreef mine

Ivanhoe secures $700 million financing for South Africa expansion

January 13, 2026

Mazagan Beach & Golf Resort

10 exclusive golf resorts in Morocco

January 30, 2026

EDITOR'S PICK

FEATURED

MTN CEO Ralph Mupita earns $4.1 million as telecom giant returns to profit

March 17, 2026

MTN, South African telecom giant, sees market cap increase to $13.3 billion

May 29, 2025

10 largest asset managers in Africa

January 18, 2026

Gorilla trekking in Rwanda’s Volcanoes Park redefines luxury travel

November 3, 2025

From empire to escape: Safari Camp reinvents itself

July 23, 2025

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Sterling HoldCo headquarters in Lagos, Nigeria.

Business Hot News

Sterling HoldCo: A Story of Quiet Strength, Stakeholder Confidence

Sterling HoldCo completes N200 billion recapitalization, strengthening Sterling Bank, Alternative Bank, and expanding growth across…

Feyisayo Ajayi March 24, 2026

Oldest agricultural firms in Africa

Business Hot News

10 of Africa’s oldest Agricultural firms

Africa’s oldest agricultural firms trace centuries of resilience, shaping food security, exports, rural economies and…

Feyisayo Ajayi January 15, 2026

IFC $52 million Platcorp financing

IFC backs Platcorp with $52 million MSME funding to expand lending in East Africa

Business

Aliko Dangote, Africa’s richest man and founder of Dangote Group.

Aliko Dangote’s $50 billion refinery IPO set to create Africa’s most valuable company

Business

Aliko Dangote’s daughters, Halima, Fatima, Mariya, take key roles in family conglomerate

Business

Nigeria crude export strategy

Nigeria’s debut of Cawthorne crude export exposes tension between NNPCL, Dangote refining model

Business

Mauritius faces urgent $5.6 billion climate financing need

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Miavana

Africa’s 20 most exclusive safari lodges for luxury travelers

Luxury

UBA Group partnership

UBA Group, BII partner to unlock trade finance across Africa

Business

Port Louis, Mauritius

Top 7 countries with the richest citizens in Africa

Business