Tag: Featured

TMG Q1 2026 profit growth
BusinessHot News

Egyptian billionaire Hisham Talaat Moustafa’s TMG Group opens 2026 with $104 million profit

TMG posts $104 million Q1 profit as revenue rises, backlog hits $8.65 billion, reinforcing Egypt real estate leader’s growth outlook.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Aliko Dangote courts Norway’s $2 trillion fund before $50 billion refinery IPO

Aliko Dangote engages Norway’s $2 trillion fund ahead of a planned $50 billion refinery IPO, boosting Africa’s energy investment outlook.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s crude output rises in April 2026, nears OPEC quota as exports expand

Nigeria’s crude oil output climbs to 1.663 million barrels per day in April 2026, edging closer to its OPEC quota as exports and production stability improve.

Omokolade Ajayi Omokolade Ajayi
Elsewedy Electric Q1 profit growth
BusinessHot News

Elsewedy Electric, led by Egyptian billionaire family, opens 2026 with $92 million profit

Elsewedy Electric posts $92 million Q1 profit as revenue surges on cables, engineering projects and fast-growing digital solutions.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam construction contract
BusinessHot News

Hassan Allam-led JV wins $490 million Saudi museum contract

Hassan Allam JV wins $490M Diriyah contract for Saudi Museum of Contemporary Art, advancing Vision 2030 cultural diversification goals.

Feyisayo Ajayi Feyisayo Ajayi
Proparco Axian partnership deal
Hot NewsTechnology

Malagasy businessman Hassanein Hiridjee signs $351 million Proparco deal for Africa infrastructure push

Axian Group signs $351 million partnership with Proparco to expand Africa’s digital infrastructure, energy access, broadband and data centers deal pact

Feyisayo Ajayi Feyisayo Ajayi
Ecobank DRC SME financing BII facility
BusinessHot News

Ecobank DRC secures $30 million BII facility to boost SME financing

Ecobank DRC secures $30 million BII facility to expand SME lending, easing credit access and supporting growth across key sectors.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot NewsTechnology

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
Patrick Schegg CRDB Bank dividend
BusinessHot News

Swiss-Tanzanian investor Patrick Schegg set for $1.8 million CRDB Bank dividend

Patrick Schegg set for $1.8 million payout as CRDB Bank raises dividend 38% on strong 2025 earnings and sustained customer growth.

Feyisayo Ajayi Feyisayo Ajayi
Vilakazi and others
BusinessExclusive

10 female CEOs redefining Africa’s banking industry

Meet 10 female CEOs leading Africa’s top banks, driving digital banking, profits, financial inclusion and regional expansion.

Timilehin Adejumobi Timilehin Adejumobi
MTN Group Q1 2026 revenue
BusinessHot News

Ralph Mupita leads MTN to $3.4 billion revenue in Q1 2026 as Nigeria, Ghana drive growth

MTN posts $3.4 4 billion in Q1 2026 revenue as Nigeria, Ghana fuel growth, driven by data, fintech and rising subscriber expansion.

Feyisayo Ajayi Feyisayo Ajayi
Prosus targets $3.6 billion Just Eat revenue
BusinessHot NewsTechnology

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion Just Eat revenue

Prosus, led by South African billionaire Koos Bekker, targets $3.6 billion revenue from Just Eat within a year as it streamlines operations.

Omokolade Ajayi Omokolade Ajayi