Tag: Hot News

Aliko Dangote, Africa's richest man and Dangote group President
Hot NewsBusiness

Aliko Dangote plans cargo fleet to bypass costly African border taxes

Aliko Dangote plans to acquire a cargo ship fleet to bypass high cross-border road taxes and move industrial exports across West and Central Africa.

Omokolade Ajayi Omokolade Ajayi
Linda Quaynor
BusinessHot News

Linda Quaynor takes charge as UBA Ghana’s first female board chair

Linda Quaynor becomes UBA Ghana’s first female board chair after more than 25 years in consulting and financial services.

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

Aliko Dangote’s refinery sets record as Nigerian fuel exports to Europe rise 767%

Aliko Dangote’s refinery drives a 767% jump in Nigerian fuel shipments to Europe as the company plans a $17 billion expansion in Kenya.

Omokolade Ajayi Omokolade Ajayi
South African business leaders Noluthando Gosa and Mcebisi Jonas
BusinessHot News

Noluthando Gosa, Mcebisi Jonas-led NtisoAkhona takes stake in $40 billion trust firm

NtisoAkhona, led by Noluthando Gosa and Mcebisi Jonas, acquired a minority stake in FundRock Collective Investments, which manages $40 billion in assets.

Omokolade Ajayi Omokolade Ajayi
The Central Bank of Nigeria.
BusinessHot News

Nigeria’s foreign reserves surge past $52 billion, easing naira pressure

Nigeria’s foreign exchange reserves climbed to $52.66 billion as crude receipts and portfolio inflows eased pressure on the naira.

Omokolade Ajayi Omokolade Ajayi
State-owned power utility Eskom
BusinessHot News

South Africa’s Johannesburg pays $328 million Eskom debt to avert blackouts

Johannesburg has paid Eskom more than $328 million in overdue electricity bills, averting potential power cuts across the city.

Omokolade Ajayi Omokolade Ajayi
Stellenbosch-based investment holding company Remgro Limited
BusinessHot News

South Africa’s $6.3 billion giant Remgro proves why culture drives success

Remgro says its people remain central to its long-term success as the $6.3 billion investment group strengthens its portfolio and culture.

Omokolade Ajayi Omokolade Ajayi
Gold Fields’ mining operation in South Africa.
BusinessHot News

Gold Fields overtakes Naspers as Africa’s most valuable company as market cap hits $43.3 billion

Gold Fields overtakes Naspers as Africa’s most valuable company after its market value rises to $43.3 billion on the JSE.

Omokolade Ajayi Omokolade Ajayi
Kenyan investment manager Christine Mwangi
BusinessHot News

Kenyan manager Christine Mwangi steers AgDevCo Ventures to $49 million first close

Christine Mwangi leads AgDevCo Ventures to a $49 million first close to fund early-stage agribusinesses across East Africa.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Tshepo Mahloele
BillionairesBusinessHot News

South African billionaire Tshepo Mahloele faces regulatory hurdle in multibillion-rand FlySafair deal

Tshepo Mahloele’s FlySafair acquisition faces a Competition Tribunal challenge from rival CemAir over competition concerns.

Omokolade Ajayi Omokolade Ajayi
Tanzanian billionaire Mohammed Dewji pledges $250 million in Mozambique to expand MeTL Group’s footprint and create 20,000 local jobs.
BillionairesBusinessHot News

East Africa’s richest man Mohammed Dewji to invest $250 million in Mozambique, create 20,000 jobs

Tanzanian billionaire Mohammed Dewji pledges $250 million in Mozambique to expand MeTL Group’s footprint and create 20,000 local jobs.

Omokolade Ajayi Omokolade Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

Kenya’s DTB posts $75.7 million half-year profit as loans, deposits grow

DTB posted a KSh9.8 billion ($75.7 million) H1 2026 pretax profit, up 37 percent amid strong regional digital banking growth.

Omokolade Ajayi Omokolade Ajayi