Tag: Featured

Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Nigerian billionaire Aliko Dangote gains N8.4 trillion from Dangote Cement shares

Aliko Dangote’s stake in Dangote Cement gains N8.4 trillion as share rally strengthens his position as Africa’s richest man.

Omokolade Ajayi Omokolade Ajayi
Egypt economy trends
BusinessHot News

Inside Egypt’s $8 billion investment fund market as asset bases broaden 

Egypt’s investment fund industry hit $7.8 billion in Q1 2026, up 30.65%, as retail flows and diversification deepen capital markets momentum.

Feyisayo Ajayi Feyisayo Ajayi
East African Breweries Limited (EABL)
BusinessHot News

Kenya nets $324 million from Diageo’s EABL exit deal

Kenya is set to receive about $324 million in tax revenue from Diageo’s planned exit from East African Breweries Limited.

Timilehin Adejumobi Timilehin Adejumobi
Uber Technologies
BusinessTechnology

Uber buys Delivery Hero’s Aspex stake after takeover bid

Uber raises stake in Delivery Hero to 36.83% as takeover talks continue, intensifying Europe food delivery consolidation.

Oluwatosin Alao Oluwatosin Alao
Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBillionairesBusiness

South African executive Sim Tshabalala nears $15 million Standard Bank stake

Standard Bank CEO Sim Tshabalala’s stake rises toward $15 million as shares climb and earnings strengthen in 2025.

Omokolade Ajayi Omokolade Ajayi
I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
Hot NewsBillionairesBusiness

I&M Group reports $38.9 million Q1 2026 profit; assets rise to $5.73 billion

I&M Group reports $38.9 million Q1 2026 profit, with total assets rising to $5.73 billion on stronger lending and income growth across East Africa.

Omokolade Ajayi Omokolade Ajayi
Antoine Ndzengue tyre project
BusinessHot News

Cameroonian businessman Antoine Ndzengue’s delayed mega-tyre project advances with $730 million deal

Cameroon’s delayed tyre plant linked to Antoine Ndzengue advances after GHV Infra received LOI for a $730 million EPC deal in Bekoko industrial plant

Feyisayo Ajayi Feyisayo Ajayi
MCB CrossBoundary Energy investment
BusinessHot News

MCB Group launches $1 billion Africa trade finance push to boost regional commerce

MCB Group launches $1 billion trade finance program to boost intra-African commerce, ease risk barriers and support regional value chains.

Feyisayo Ajayi Feyisayo Ajayi
Beninese-Gabonese oil billionaire Samuel Dossou-Aworet
Hot NewsBillionairesBusiness

Beninese-Gabonese oil mogul Samuel Dossou-Aworet’s Aradel stake nears $500 million as shares rally on NGX

Samuel Dossou-Aworet’s Aradel stake nears $500 million as shares rally on the Nigerian Exchange driven by strong earnings and rising valuation.

Omokolade Ajayi Omokolade Ajayi
Sub-Saharan energy lending
BusinessHot News

Oikocredit joins $6.25 million first close of clean energy lending vehicle for Sub-Saharan Africa

Impact investor Oikocredit joins $6.25 million first close of Hummingbird One, a clean energy lending fund targeting Sub-Saharan Africa. deal

Feyisayo Ajayi Feyisayo Ajayi
Gold nuggets.
Hot NewsBusiness

Ghana set to ramp up gold purchases as mining rules tighten for foreign firms

Bank of Ghana to buy 30 percent of miners’ gold output from June 1 to boost reserves, stabilize currency, and expand local refining.

Omokolade Ajayi Omokolade Ajayi
Afrotopia private equity Africa
BusinessHot News

Cameroonian investor Fabrice Ndjodo builds Afrotopia into rising force in African private equity

Cameroonian investor Fabrice Ndjodo is building Afrotopia into a rising African private equity force through cross-border deals and patient capital.

Feyisayo Ajayi Feyisayo Ajayi