Tag: Featured

Axian Telecom advances digital operations across Africa through cloud transformation and telecom expansion in nine markets.
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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
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
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Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

The latest investment adds another chapter to Femi Otedola’s repositioning from oil and commodities into banking.

Omokolade Ajayi Omokolade Ajayi
Orascom desalination joint venture
BusinessHot News

Orascom opens 2026 with $53.4 million profit as U.S. backlog doubles to $2.9 billion

Orascom Construction posts $53.4 million Q1 profit; U.S. backlog doubles to $2.9 billion; MEA growth

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
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ReconAfrica targets July results from Namibia oil well test at Kavango West

ReconAfrica advances Namibia oil test at Kavango West, with production results expected by mid-to-late July, boosting frontier energy outlook.

Feyisayo Ajayi Feyisayo Ajayi
Ebenezer Asante MTN salary 2025
BusinessHot News

Ghanaian telecom executive Ebenezer Asante earned $3.2 million from MTN in 2025

MTN executive Ebenezer Asante’s pay jumps 37.6% to $3.2 million in 2025 as telecom giant rebounds to strong profit growth.

Feyisayo Ajayi Feyisayo Ajayi
Tanzanian billionaire Mohammed Dewji
BusinessHot News

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola in East Africa

MeTL plans $50 million Kenya soda plant to challenge Coca-Cola and PepsiCo in East Africa through Mo Cola expansion strategy push into market

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa Plc
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
OPEC Fund for International Development.
Hot NewsBusinessGlobal News

South Africa secures $150 million loan from OPEC Fund for infrastructure reforms

South Africa secures a $150 million OPEC Fund loan to advance infrastructure reforms in energy, rail, and port systems.

Omokolade Ajayi Omokolade Ajayi
TMG
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.
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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
Nigeria’s state-owned oil company, NNPC.
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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