News
Africa's richest 2026: Top 18 billionaires reshaping the continent's economy
3+ hour, 59+ min ago (1610+ words) Africa's wealth story in 2026 is not just a ledger of billion-dollar fortunes; it is a map of power, ambition, and the industries quietly reshaping the continent's future. From cement plants and oil refineries to telecom empires, luxury conglomerates, and cross-border…...
Sim Tshabalala leads Standard Bank delegation on courtesy visit to South African High Commissioner to Nigeria
7+ hour, 40+ min ago (182+ words) Sim Tshabalala, Chief Executive Officer of Standard Bank Group, Africa's largest bank, paid a courtesy visit to Thami Mseleku, South African High Commissioner to Nigeria in Abuja. He was accompanied by Sola David-Borha, Chairman of Stanbic IBTC Holdings Board; Helmut…...
Africa Startup funding rebounds in May as top 10 raise $242 million
1+ day, 1+ hour ago (1248+ words) Africa's startup funding ecosystem rebounded strongly in May 2026, with the continent's top 10 funded startups securing a combined $242. 6 million, representing 93. 4% of the $259. 8 million raised by 43 startups during the month. According to startup funding data for May 2026, total capital raised more than…...
First batch of 262 Nigerians departs South Africa amid xenophobic attacks
2+ day, 8+ hour ago (446+ words) Nigeria has commenced the evacuation of its citizens from South Africa, with the first batch of 262 returnees departing Johannesburg and heading to Lagos following renewed xenophobic attacks targeting foreign nationals in the country." The development was disclosed by the Nigerians…...
Flutterwave Founder Unveils Vision for Africa's Financial Operating System
3+ day, 7+ hour ago (294+ words) Flutterwave Founder and CEO, Olugbenga "GB" Agboola, has said that stablecoins represent a fundamental upgrade to Africa"s cross-border payment infrastructure. He noted that the companies best placed to capture that shift are the ones that already have the local…...
Meet the CEOs of Africa's largest refineries in 2026
6+ day, 40+ min ago (1158+ words) A new class of seasoned energy executives is steering Africa's downstream transformation in 2026, bringing together decades of experience across global oil, gas, and petrochemicals. Many have worked across major international operators, led refinery start-ups, and managed large-scale production and supply…...
FG to repatriate 1, 000 Nigerians from South Africa as xenophobic tensions rise
1+ week, 1+ day ago (344+ words) The Federal Government has'commenced'plans to repatriate more than 1, 000 Nigerians from South Africa amid growing concerns over rising anti-immigrant sentiments and renewed xenophobic tensions in the southern African nation.' Foreign nationals in South Africa, including Nigerians, have faced increasing attacks and…...
FG launches $350, 000 FAO-backed programme to tackle bird flu outbreaks
1+ week, 2+ day ago (347+ words) The Federal Government has launched a $350, 000 Food and Agriculture Organization Technical Cooperation Programme (FAO-TCP) aimed at strengthening Nigeria's response to recurring bird flu outbreaks." The Minister of Livestock Development, Mr Idi Mukhtar-Maiha, disclosed this on Thursday in Karu Local Government…...
Africans with $50 million assets turn to real estate for wealth preservation " Report
1+ week, 2+ day ago (366+ words) Africans with at least $50 million in investable assets are increasingly allocating capital to real estate as a strategy for wealth preservation, portfolio diversification, and long-term income generation, a new wealth report has stated." According to Chris Browne, Head of Wealth…...
Manufacturing capital inflows drop 50. 7% to $152. 3 million in Q1 2026
1+ week, 2+ day ago (324+ words) Nigeria's manufacturing sector recorded a sharp decline in foreign capital inflows in the first quarter of 2026, despite a strong increase in overall capital importation into the country during the period." According to data released by the National Bureau of Statistics…...