Tag: Africa

Business moguls reshaping African pharma
BusinessHot News

Top 10 pharmaceutical moguls behind Africa’s healthcare

Africa’s pharma sector pushes local production as import dependence exceeds 70%, exposing supply chains to global shocks and disruptions.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBusiness

Aliko Dangote’s mega refinery hits 700,000 barrels daily, beating its own maximum design limit

Aliko Dangote’s petroleum refinery has surpassed its original design limit, processing 700,000 barrels of crude oil daily during official testing.

Omokolade Ajayi Omokolade Ajayi
Flutterwave logo representing Africa’s most valuable tech unicorn.
TechnologyBusinessHot News

Over 100 employees promoted as African fintech giant, Flutterwave, hits $40 billion milestone

Flutterwave promotes over 100 staff as it surpasses $40 billion in payments and expands global fintech infrastructure.

Omokolade Ajayi Omokolade Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
Hot NewsBusinessExclusive

Glencore holds South African executive Gary Nagle’s 2026 base pay at $2 million

Glencore keeps Gary Nagle’s base salary at $2 million in 2026, maintaining a long-term pay policy tied to performance and ESG targets.

Omokolade Ajayi Omokolade Ajayi
Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
Hot NewsBusinessTechnology

Axian Telecom rises after Oracle deal, ranks among Africa’s fastest-growing firms

Axian Telecom rises to No. 63 on the 2026 Financial Times list of Africa’s fastest-growing companies under Hassanein Hiridjee, driven by steady expansion across African markets.

Omokolade Ajayi Omokolade Ajayi
Airtel Africa continues expanding mobile and digital services across African markets as subscriber growth accelerates.
TechnologyBusinessHot News

Airtel Africa profit tops $800 million as data, mobile money growth accelerates

Airtel Africa's profit rose to $813 million as data usage and mobile money growth boosted revenue to $6.41 billion.

Omokolade Ajayi Omokolade Ajayi
TechnologyBusinessHot News

Amid $100 million expansion plan, Redtech ranks among Africa’s fastest-growing companies

Redtech, backed by Tony Elumelu, ranks among Africa’s fastest-growing fintech firms amid expansion into 29 countries.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Africa’s richest man gains $1.26 billion as Dangote Cement jumps on London listing push

Aliko Dangote’s stake in Dangote Cement jumps 1.26 billion dollars as shares rally and London listing talks gain momentum.

Omokolade Ajayi Omokolade Ajayi
Angola’s Cabinda refinery begins fuel shipments.
Hot NewsBusiness

Angola’s Cabinda refinery begins fuel shipments amid global supply strain

Angola’s Cabinda refinery begins fuel shipments, boosting local supply and easing import dependence amid global oil disruptions.

Omokolade Ajayi Omokolade Ajayi
Ecobank
BusinessHot News

After $594 million profit Ecobank targets $350 million debt raise, sustainability

Ecobank is tapping global debt markets with a $350 million Tier 2 issuance to refinance existing notes and fund sustainability-linked financing across Africa.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
Hot NewsBillionairesBusiness

Nigerian billionaire Aliko Dangote’s Dangote Cement posts $233 million profit in Q1 2026

Dangote Cement posts $233 million profit in Q1 2026, driven by stronger sales, higher volumes and cost control.

Omokolade Ajayi Omokolade Ajayi
Indian billionaire Sunil Bharti Mittal.
TechnologyBusinessHot News

Indian billionaire Sunil Bharti Mittal’s final corporate move sets up $2B Airtel Money IPO

Airtel Africa, led by Sunil Bharti Mittal, plans Airtel Money IPO that could raise up to $2 billion amid a 2026 leadership transition.

Omokolade Ajayi Omokolade Ajayi