BusinessHot News

U.S., China push Ghana to halt gold royalty hike amid miner backlash

U.S. and China urge Ghana to reconsider gold royalty hike as miners warn higher rates could hurt Africa’s top gold…

Omokolade Ajayi Omokolade Ajayi
Hot NewsLuxuryTourism

10 best private islands in Africa

Africa’s private islands offer ultra-luxury escapes, pristine beaches, and conservation-led hospitality across Seychelles, Tanzania and Mozambique.

Feyisayo Ajayi Feyisayo Ajayi
ADvTECH earnings growth
BusinessHot News

ADvTECH projects up to 19% earnings growth as valuation nears $1.5 billion

ADvTECH forecasts 14%–19% earnings growth for 2025 as Africa’s largest private education group approaches a $1.5 billion market valuation.

Feyisayo Ajayi Feyisayo Ajayi
Fawry $57.6 million profit
BusinessHot News

Egyptian tech mogul Ashraf Sabry’s Fawry posts $57.6 million profit in 2025

Fawry reports $57.6 million profit in 2025, driven by booming digital payments and banking services under Ashraf Sabry’s leadership.

Feyisayo Ajayi Feyisayo Ajayi
BusinessExclusive

Auwalu Abdullahi Rano: The oil mogul behind Nigeria’s first unmanned fuel stations

Auwalu Abdullahi Rano launches Nigeria’s first 24/7 unmanned fuel stations, combining technology with fuel retail across AA Rano Nigeria Limited.

Omokolade Ajayi Omokolade Ajayi
MTN deal puts $109.8 million in Darwish’s reach
BusinessHot News

MTN’s $6.2 billion IHS takeover could deliver $109.8 million to founder Sam Darwish

MTN’s $6.2 billion takeover of IHS Towers could hand founder Sam Darwish $109.8 million, highlighting the telecom giant’s two-decade infrastructure…

Feyisayo Ajayi Feyisayo Ajayi
African Rainbow Minerals profit
BusinessHot News

South African billionaire Patrice Motsepe’s ARM posts $183.6 million half-year profit

African Rainbow Minerals, led by Patrice Motsepe, reports $183.6 million half-year profit as revenue climbs and strong commodity prices boost…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

AfDB backs billion-dollar aviation push as Africa becomes fastest-growing market

AfDB launches billion-dollar program to boost Africa’s aviation and attract long-term investment.

Omokolade Ajayi Omokolade Ajayi
Africa direct-to-device satellite network
Hot NewsTechnology

Axian Telecom, AST SpaceMobile launch Africa’s first direct-to-device satellite network

Axian Telecom and AST SpaceMobile plan Africa’s first direct-to-device satellite network to expand 4G and 5G access to rural areas.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

FirstRand tops Capitec as Africa’s most valuable lender, eyes Ghana and Nigeria

FirstRand surpasses Capitec as Africa’s top lender, targeting growth in Ghana, Nigeria, and broader regional markets.

Omokolade Ajayi Omokolade Ajayi
Dollar-denominated REIT and firms in Africa
BusinessHot News

Toby Selman’s Africa Logistics Properties and the rise of dollar-denominated entities in Africa

Toby Selman’s Africa Logistics Properties launches East Africa’s first dollar-denominated REIT, boosting investor confidence continent-wide.

Feyisayo Ajayi Feyisayo Ajayi
EntertainmentTechnology

Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ takeover

Showmax to shut down as MultiChoice reviews streaming strategy after Canal+ $2.1 billion acquisition.

Omokolade Ajayi Omokolade Ajayi
Tanzania petroleum storage expansion
BusinessHot News

Tanzania launches $273 million petroleum storage expansion shields against Strait of Hormuz disruption

Tanzania breaks ground on $273 million petroleum storage to boost energy security amid global supply risks.

Feyisayo Ajayi Feyisayo Ajayi
Hot News

Oil at $85 boosts Nigeria, Angola but pressures South Africa’s economy

Brent crude nears $85, boosting Nigeria and Angola’s revenue while raising fuel costs in South Africa.

Omokolade Ajayi Omokolade Ajayi
Nassef Sawiris OCI Global transition
BusinessHot News

Egypt’s richest man, Nassef Sawiris shifts to non-executive role after 13 years leading OCI Global

Egypt's richest man, Nassef Sawiris will transition from OCI Global executive chairman to non-executive director after 13 years leading the…

Feyisayo Ajayi Feyisayo Ajayi
GB Corp new subsidiaries
BusinessHot News

Ghabbour family’s GB Corp. to launch three new units, seeks shareholder approval

GB Corp. plans three subsidiaries in technology and investment services, pending shareholder approval at its March 29 extraordinary meeting in…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Mark Zuckerberg, world’s fifth-richest billionaire, buys $170 million Miami mansion

Mark Zuckerberg acquires a $170 million Miami mansion with pool, dock, and 1,500-gallon aquarium.

Omokolade Ajayi Omokolade Ajayi
Ibnsina Pharma 2025 profit growth
BusinessHot News

Ibnsina Pharma, Egypt’s largest pharmaceutical distributor posts $19 million profit in 2025

Ibnsina Pharma posts $19 million profit in 2025 as revenue jumps 37%, cementing Egypt distribution market dominance.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s $1 billion LNG terminal delayed to 2028 after court disrupts plans

The LNG terminal at Richards Bay, South Africa, is delayed to 2028 after a court ruling disrupts Eskom-linked plans.

Omokolade Ajayi Omokolade Ajayi
Hot NewsSports

Egyptian billionaire Nassef Sawiris takes Adidas chair, holds $2 billion stake

Nassef Sawiris will chair Adidas, holding a $2 billion stake as CEO Bjorn Gulden extends through 2030.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

U.S., China push Ghana to halt gold royalty hike amid miner backlash

U.S. and China urge Ghana to reconsider gold royalty hike as miners…

Omokolade Ajayi Omokolade Ajayi
Cassava Technologies launches Cloud platform to secure Africa’s digital future
BusinessTechnology

Cassava Technologies launches Cloud platform to secure Africa’s digital future

Africa is stepping up efforts to build secure digital infrastructure as governments…

Oluwatosin Alao Oluwatosin Alao
ADvTECH earnings growth
BusinessHot News

ADvTECH projects up to 19% earnings growth as valuation nears $1.5 billion

ADvTECH forecasts 14%–19% earnings growth for 2025 as Africa’s largest private education…

Feyisayo Ajayi Feyisayo Ajayi
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