Tag: Hot News

African electric mobility company Spiro.
TechnologyBusinessHot News

Spiro opens seventh Rwanda battery swap hub after securing $270 million funding

Spiro expands its Rwandan battery-swapping network with a seventh mega station, leveraging $270 million in funding to power African electric transit.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker John Gachora
Hot NewsBusiness

Kenyan banker John Gachora leads NCBA Group to $95.8 million half-year profit

NCBA Group led by John Gachora reports a $95.8 million half-year profit as digital loans soar, lifting interim dividend payouts by 50 percent.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

Aliko Dangote to use $5 billion IPO to expand Lagos refinery, build Kenya plant

Aliko Dangote targets $5 billion from the Dangote Refinery IPO to expand capacity in Lagos and build a new $17 billion refinery in Kenya.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe tycoon Simon Rudland
BusinessHot News

Zimbabwe tycoon Simon Rudland opens $25 million citrus plant, creating 1,500 jobs

Simon Rudland opens $25 million citrus plant, creating 1,500 jobs.

Omokolade Ajayi Omokolade Ajayi
British-Nigerian entrepreneur Ladi Delano
TechnologyBusinessHot News

Ladi Delano’s Moove hits $2.1 billion valuation after $250 million funding

Ladi Delano's Moove hits a $2.1 billion valuation after securing $250 million to power driverless vehicle infrastructure across global markets.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

World’s richest Black person Aliko Dangote’s refinery targets $5 billion listing after $2.5 billion pitch

Aliko Dangote targets a $5 billion refinery IPO after a $2.5 billion private placement as the mega refinery prepares to list.

Omokolade Ajayi Omokolade Ajayi
Elon Musk
TechnologyBusinessExclusive

Elon Musk’s SpaceX revenue jumps 92% to $7.8 billion, beats expectations

SpaceX revenue climbed 92 percent to $7.8 billion, beating estimates as Starlink expanded despite heavy AI infrastructure spending.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessBillionairesHot News

Aliko Dangote’s sugar company swings to $30.4 million first-half profit

Dangote Sugar returned to profit in the first half as lower costs offset weaker sales, lifting earnings and strengthening its balance sheet.

Omokolade Ajayi Omokolade Ajayi
Worker operating at Seplat Energy's Oben OML 4
BusinessHot News

Seplat nears $5 billion market cap in London after first-half profit jumps to $164 million

Seplat Energy nears a $5 billion market cap in London as H1 2026 net profit surges 498 percent to $164 million on strong production growth.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Aradel posts $1.8 billion revenue as first-half production surges 523%

Aradel Holdings posts $1.8 billion revenue as first-half production surges 523 percent, lifting operating profit to $767.5 million.

Omokolade Ajayi Omokolade Ajayi
World's richest person Elon Musk.
BillionairesBusinessHot News

From over $1.3 trillion, Elon Musk’s net worth slips below $700 billion

Elon Musk's net worth fell below $700 billion as a SpaceX share selloff and weak Tesla earnings erased $636 billion from his fortune in 47 days.

Omokolade Ajayi Omokolade Ajayi
Africa’s first Black billionaire Patrice Motsepe.
Hot NewsBillionairesBusiness

Africa’s first Black billionaire, Patrice Motsepe, loses $1 billion in stock slump

Patrice Motsepe’s net worth fell from $4.4 billion to $3.4 billion due to a steep mining stock decline, sliding his position on South Africa’s rich list.

Omokolade Ajayi Omokolade Ajayi