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Hot NewsTechnology

Nigeria’s Terra Industries to open Africa’s largest drone factory in Ghana

Terra Industries, Nigeria’s defense tech startup, is building Africa’s largest drone factory in Accra, Ghana after raising $34 million.

Omokolade Ajayi Omokolade Ajayi
Sidian Bank
BusinessHot News

Nairobi-based Sidian Bank raises $23 million after profit jumps sharply

Nairobi-based Sidian Bank raises $23 million after profit jumps to Ksh1.47 billion ($11.4 million), strengthening capital for expansion.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Africa’s richest man Aliko Dangote to cut detergent imports, plans 400,000 tons LAB output

Aliko Dangote plans 400,000 metric tons of LAB output to cut detergent imports as the refinery expands into petrochemicals across Africa.

Omokolade Ajayi Omokolade Ajayi
Tazi family Sothema stake
BusinessHot News

Meet one of Morocco’s richest, Tazi family, with more than $650 million worth of shares

Tazi family’s $653 million Sothema stake cements control, reinforcing influence on Morocco’s pharmaceutical and healthcare landscape.

Feyisayo Ajayi Feyisayo Ajayi
Andrada Mining $11m raise
BusinessHot News

Andrada Mining raises $11 million to accelerate critical minerals expansion in Namibia

Andrada Mining secured $11 million in private placement to expand tin and critical minerals production in Namibia, strengthening its balance sheet.

Feyisayo Ajayi Feyisayo Ajayi
Mamelodi Sundowns CAF
Hot NewsSports

Patrice Motsepe’s Mamelodi Sundowns reach CAF Champions League final after defeating Esperance

Mamelodi Sundowns, owned by Patrice Motsepe, reach CAF Champions League final after 1–0 win over Espérance, sealing 2–0 aggregate victory today

Feyisayo Ajayi Feyisayo Ajayi
OCI Global 2025 revenue
BusinessHot News

Egyptian billionaire Nassef Sawiris’ OCI posts $1.6 billion revenue in 2025

OCI posts $1.61 billion 2025 revenue, up 24% year over year, driven by strong nitrogen demand and ongoing portfolio restructuring.

Feyisayo Ajayi Feyisayo Ajayi
FDH Bank profit growth
BusinessHot News

Malawian billionaire Thom Mpinganjira’s FDH Bank pays $6.7 million dividend in 2025

FDH Bank declares $6.7 million dividend for 2025 despite lower payout, backed by strong profit growth and rising income streams.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam construction contract
BusinessHot News

Why Egypt’s Hassan Allam is betting on Africa’s most valuable resource with acquisition of MetiPro

Hassan Allam Holding has acquired MetiPro, the engineering, procurement, and construction (EPC) arm of Metito Group, in a strategic move to expand its footprint in water infrastructure across Africa and other emerging markets. The deal underscores a growing shift among infrastructure players toward water security, as population growth, urbanization, and climate pressures intensify demand for reliable and sustainable water systems…

Feyisayo Ajayi Feyisayo Ajayi
BusinessGlobal NewsHot News

Kenya plans $500 million debut green bond as Iran war shakes economy

Kenya plans a $500 million green bond with World Bank support as oil price shocks and global tensions pressure its economy and financing.

Omokolade Ajayi Omokolade Ajayi
Nompumelelo Zikalala, CEO of Kumba Iron Ore, leading the South African mining company.
BusinessHot News

Durban-born mining executive Nompumelelo Zikalala’s pay hits $2.1 million in 2025

Nompumelelo Zikalala earned $2.1 million in 2025 after Kumba Iron Ore reported $1.95 billion EBITDA and stronger performance.

Omokolade Ajayi Omokolade Ajayi
Tanganyika Province in the Democratic Republic of the Congo, a mineral-rich region contributing to the country’s mining-driven economic expansion.
BusinessHot News

Congo set to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy

Congo projected to overtake Ethiopia as sub-Saharan Africa’s fifth-largest economy, driven by mining, currency gains and IMF projections.

Omokolade Ajayi Omokolade Ajayi