Tag: Featured

DR Congo telecom tower expansion
BusinessHot NewsTechnology

IFC plans $59 million telecom tower financing for Eastcastle in DR Congo

IFC considers $59 million for Eastcastle to expand telecom towers in DR Congo, boosting connectivity and digital inclusion.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man
BillionairesBusinessHot News

Aliko Dangote becomes first African, first Black billionaire worth over $30 billion

Aliko Dangote becomes first African and first Black billionaire worth over 30 billion dollars, with net worth rising to $30.3 billion according to Forbes.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

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 Feyisayo Ajayi
Aerial view of LUX Grand Baie in Mauritius, a flagship property of LUX Island Resorts under IBL Group’s luxury hospitality and tourism expansion strategy.
BusinessHot NewsLuxury

LUX Island Resorts posts $191 million revenue, higher profit in 9M 2026

LUX Island Resorts posts $191 million revenue in 9M 2026, with higher profit, stronger occupancy, and asset base rising to $437 million.

Omokolade Ajayi Omokolade Ajayi
UBA House Marina in Lagos, the headquarters of United Bank for Africa.
BusinessHot News

UBA plans 2026 dividend return as loan recovery efforts gain pace

UBA targets 2026 dividend return as loan recoveries improve after a N331 billion ($241.3 million) provision hit 2025 profit.

Omokolade Ajayi Omokolade Ajayi
ARM Boliden nickel offtake deal
BusinessHot News

South African billionaire Patrice Motsepe’s ARM signs Boliden nickel deal to restart Nkomati mine

ARM signs nickel offtake deal with Boliden, advancing plans to restart South Africa’s Nkomati mine and secure European supply chain access.

Feyisayo Ajayi Feyisayo Ajayi
Stanbic IBTC Q1 2026 profit
BusinessHot News

Nigeria’s Stanbic IBTC Holdings opens 2026 with $84 million profit

Stanbic IBTC posts $84 million Q1 2026 profit, driven by trading gains, rising fees, and strong non-interest income growth.

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju portfolio growth
BusinessHot News

Nigeria’s CAP Plc crosses $1 million Q1 profit mark for the first time, under Folasope Aiyesimoju

Nigeria’s CAP Plc crossed $1M Q1 2026 profit for first time, driven by 38% earnings growth under chairman Folasope Aiyesimoju leadership momentum

Feyisayo Ajayi Feyisayo Ajayi
Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
BusinessHot NewsTechnology

Axian Telecom taps $500 billion U.S. software giant, Oracle, to modernize African operations

Axian Telecom partners with Oracle to strengthen operations across Africa as profit rises to $226.3 million and expansion plans accelerate.

Omokolade Ajayi Omokolade Ajayi
Sa’adat Mohammed investment loss
BusinessHot News

Nigerian lawyer Sa’adat Mohammed’s Jaiz Bank stake slips below $30 million amid delays in audited report

Sa’adat Mohammed’s Jaiz Bank stake drops below $30 million as share slump and delayed 2025 results weigh on investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu’s net worth hits $14 billion

Abdul Samad Rabiu’s net worth rises to $14 billion as gains in BUA Cement and BUA Foods strengthen his position among Africa’s richest billionaires.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Transcorp Power posts $22 million Q1 profit, assets top $450 million

Transcorp Power posts N29.7 billion ($22 million) profit in Q1 2026 as gas shortages hit output, while assets rise above $450 million despite revenue pressure.

Omokolade Ajayi Omokolade Ajayi