Gautam Adani
BusinessHot News

Adani Airports raises $1 billion from global investors at $18 billion valuation

Adani Airports will raise $1 billion from global investors at an $18 billion valuation to expand India’s aviation infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Thom Mpinganjira, founder of FDH Bank
BusinessBillionaires

Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million 

Market data tracked by Shore Africa shows that the value of his holding has fallen by MWK170.85 billion ($98.41 million)

Timilehin Adejumobi Timilehin Adejumobi
Albaraka Bank
BusinessHot News

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

Albaraka Bank faces R1.6 million ($99,150) in penalties from South Africa’s Prudential Authority over cash reporting, suspicious transactions and compliance…

Feyisayo Ajayi Feyisayo Ajayi
Capitec Bank
BusinessHot News

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

South Africa’s central bank fined Capitec R28 million ($1.74 million) for customer due diligence, employee training and anti-money laundering control…

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire’s MTN Uganda stake tops $100 million

Mbire, who is chairman and nonexecutive director of MTN Uganda, owns about 4 percent of the company through 895.56 million…

Omokolade Ajayi Omokolade Ajayi
Capitec Bank
BusinessHot News

South Africa’s Capitec expects 20% earnings leap on massive client surge

Capitec Bank expects half-year earnings to jump up to 20 percent after its client base surged past 26 million retail…

Omokolade Ajayi Omokolade Ajayi
South Korea’s Hyundai
BusinessHot News

South Korea’s Hyundai eyes Africa expansion in clean energy deal with AfDB

For Hyundai, the arrangement offers a door into African markets with institutional backing.

Omokolade Ajayi Omokolade Ajayi
Zarin Merali, Naushad Merali’s widow
BusinessHot News

Kenya’s Merali family expands empire with $2.6 million pharma plant

Zarin Merali remains at the center of the family’s business interests following her husband’s death in 2019.

Omokolade Ajayi Omokolade Ajayi
Wicknell Chivayo and President William Ruto
BusinessHot News

Zimbabwean businessman Wicknell Chivayo plans $200 million Kenya investment

Chivayo disclosed the plan after meeting Kenyan President William Ruto during a dinner in Kenya.

Omokolade Ajayi Omokolade Ajayi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Standard Bank, JUMO launch framework to expand financial inclusion across Africa

Standard Bank and JUMO launch a social finance framework to expand responsible lending and financial inclusion across nine African markets.

Feyisayo Ajayi Feyisayo Ajayi
Pan African Resources
BusinessHot News

Pan African Resources approves $228 million plan to expand Mogale gold operations

Pan African Resources advances a $228 million Mogale gold expansion targeting 561,000 ounces over a 15-year project life.

Feyisayo Ajayi Feyisayo Ajayi
Supermarket Income REIT
BusinessHot News

Supermarket Income REIT acquires six UK grocery assets for $141 million

Supermarket Income REIT acquires six UK grocery assets, deploying its July equity raise and strengthening its UK grocery property portfolio.

Feyisayo Ajayi Feyisayo Ajayi
Kapumpe Chola
BusinessHot News

Kapumpe Chola: Zambian banker who rose through African banking to lead FNB Zambia

Kapumpe Chola, FNB Zambia’s first female CEO, brings 26 years of banking experience across Africa and the UK to the…

Feyisayo Ajayi Feyisayo Ajayi
ReconAfrica Namibia oil test results
BusinessHot News

ReconAfrica raises $16 million to advance Namibia drilling program

ReconAfrica raises $16 million to fund drilling and production testing at its Kavango Basin project in Namibia, advancing its exploration…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Bafana Molomo: Botswana investor behind Aleyo Capital’s private-equity growth

Bafana Molomo, co-founder of Aleyo Capital, has built a private-equity career spanning asset management, development finance and Southern Africa.

Feyisayo Ajayi Feyisayo Ajayi
Infinity Power
BusinessHot News

Infinity Power targets record-low solar tariffs with $83 million Côte d’Ivoire projects

Infinity Power is advancing two Côte d’Ivoire solar projects worth $83 million, targeting record-low tariffs and 80MW of new clean…

Feyisayo Ajayi Feyisayo Ajayi
French giant TotalEnergies
BusinessHot News

French giant TotalEnergies strikes new offshore oil in Angola after $10B pledge

The Acacia-5 discovery is expected to add about 6,000 barrels per day to production from the French energy company’s Block…

Omokolade Ajayi Omokolade Ajayi
Terra Industries founders Nathan Nwachuku and Maxwell Maduka.
TechnologyBusinessHot News

Nigeria’s Terra Industries wins $2 million lithium mining deal after fresh funding

The deals come just one week after Terra launched its commercial division.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s trade surplus doubles to $9.5 billion on refining shift

The latest trade figures also highlight the growing impact of the Dangote Refinery on Nigeria’s oil trade.

Omokolade Ajayi Omokolade Ajayi
South African banking giant FirstRand.
BusinessHot News

South Africa’s FirstRand rewards investors with record payout despite UK hit

Headquartered in Sandton, Johannesburg, the group declared a final ordinary cash dividend of R2.8 ($0.17) per share.

Omokolade Ajayi Omokolade Ajayi
Atedo Peterside Stanbic IBTC dividend
BusinessHot News

Nigerian tycoon Atedo Peterside to receive N980 million Stanbic IBTC Bank dividend

Atedo Peterside to receive N980 million dividend from Stanbic IBTC as lender posts strong 2025 earnings, boosting investor confidence.

Addis Ababa
TourismEntertainment

10 best experiences in Addis Ababa, Ethiopia’s Capital

At a Glance Ethiopia’s capital city, Addis Ababa, is one of Africa’s most fascinating destinations—an energetic mix of tradition, culture, and modernity. Known as the “New Flower” in Amharic, the city sits 2,400 meters above sea level, making it the world’s third-highest capital. It’s a city where history, coffee culture, and nightlife collide against the backdrop of one of the…

Malaysia eyes stronger Ethiopia ties with proposed embassy in Addis Ababa
BusinessGlobal News

Malaysia eyes stronger Ethiopia ties with proposed embassy in Addis Ababa

Malaysia and Ethiopia are deepening economic ties as trade grows and both countries target agriculture, digital services, energy and tourism.

Oluwatosin Alao Oluwatosin Alao
Gautam Adani
BusinessHot News

Adani Airports raises $1 billion from global investors at $18 billion valuation

Adani Airports will raise $1 billion from global investors at an $18 billion valuation to expand India’s aviation infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Thom Mpinganjira, founder of FDH Bank
BusinessBillionaires

Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million 

Thom Mpinganjira's FDH Bank stake loses $100 million as shares fall, even as the Malawian lender reports stronger earnings.

Timilehin Adejumobi Timilehin Adejumobi
Pharco Pharmaceuticals
BusinessHot News

Egypt’s Pharco to start $49 million Saudi drug plant by mid-2027

Pharco Saudi drug plant begins production in mid-2027 as Egypt's drugmaker expands manufacturing and weighs two African factories.

Timilehin Adejumobi Timilehin Adejumobi
Albaraka Bank
BusinessHot News

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

Albaraka Bank faces R1.6 million ($99,150) in penalties from South Africa’s Prudential Authority over cash reporting, suspicious transactions and compliance failures.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Bank
BusinessHot News

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

South Africa’s central bank fined Capitec R28 million ($1.74 million) for customer due diligence, employee training and anti-money laundering control failures.

Feyisayo Ajayi Feyisayo Ajayi
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