Anadkat’s FMB Capital stake takes hit
BusinessHot News

Malawi’s richest man, Hitesh Anadkat, loses $290 million from FMB Capital stake

Hitesh Anadkat’s FMB Capital stake drops $290 million as shares slide, testing Malawi’s banking titan amid regional expansion.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Abdul Samad Rabiu taps Baglietto for superyacht after Bombardier jet order

Abdul Samad Rabiu taps Baglietto for a 60-meter superyacht to his luxury fleet following a Bombardier Global 8000 jet order.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Tullow Oil, partly owned by Beninese-Gabonese billionaire, secures $1.3B debt reprieve

Tullow Oil, partly owned by Beninese-Gabonese oil billionaire Samuel Dossou-Aworet, secures $1.3 billion debt relief to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
Baba Ahmadou Danpullo
BusinessHot News

Meet Cameroon’s richest man, Baba Ahmadou Danpullo, worth $900 million

Cameroon's richest man, Baba Ahmadou Danpullo, leads a vast empire spanning agriculture, telecoms, real estate, and cross-border trade.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Elon Musk, South Africa clash deepens over Starlink, 14,000 users at risk

Starlink dispute in South Africa deepens as 14,000 users risk service cutoff amid regulatory standoff.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

MTN Nigeria hits $12.1 billion, tops BUA Foods as Nigeria’s most valuable listed company

There is a quiet shift taking place on the Nigerian Exchange, one that says as much about investor conviction as…

Omokolade Ajayi Omokolade Ajayi
City Lodge Hotels South Africa
BusinessLuxury

Top 7 investors of City Lodge Hotels

City Lodge Hotels rebounds post-pandemic with over $124 million revenue, strong institutional backing, and strategic shareholder alignment.

Feyisayo Ajayi Feyisayo Ajayi
Rob Hersov Cape Winelands Airport
Hot NewsLuxury

South African billionaire Rob Hersov’s $500 million Cape Winelands Airport project faces final hurdle

Rob Hersov’s $500 million Cape Winelands Airport nears launch, pending final regulatory approval before construction begins.

Feyisayo Ajayi Feyisayo Ajayi
Proparco backs Wema Bank MSME loans
BusinessHot News

Wema Bank secures $5.9 million Proparco guarantee for MSME loans

Proparco partners with Wema Bank to deploy $5.9 million guarantee, boosting Nigerian MSME financing and economic growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Spar Group CEO Angelo Swartz exits, CFO Reeza Isaacs set to take over

Spar Group CEO Angelo Swartz exits; CFO Reeza Isaacs takes over, inheriting a leaner, more focused retailer navigating tech and…

Omokolade Ajayi Omokolade Ajayi
Coris targets Cabo Verde’s top bank
BusinessHot News

Idrissa Nassa’s Coris secures up to $100 million IFC backing for Cabo Verde bank acquisition

Coris Bank secures $100 million IFC loan to acquire 59.8% of Cabo Verde’s BCA, boosting regional banking expansion.

Feyisayo Ajayi Feyisayo Ajayi
Ackerman family empire
BusinessHot News

Top 5 companies powering the Ackerman family empire

Inside the Ackerman empire: Pick n Pay, Boxer and other retail assets shaping South Africa’s consumer economy.

Feyisayo Ajayi Feyisayo Ajayi
Globacom celebrates 22 years of expanding digital access in West Africa
Hot NewsTechnology

Globacom scales network, boosts broadband access nationwide

Globacom expands nationwide network, boosting mobile data speed, reliability, and broadband access for millions of users.

Omokolade Ajayi Omokolade Ajayi
EAPC board reshuffle after takeover
BusinessHot News

EAPC reshapes board after Kalahari Cement takeover

EAPC appoints two directors after Kalahari Cement’s 29.2% takeover, signaling a governance shift and turnaround push.

Feyisayo Ajayi Feyisayo Ajayi
Tanzania richest investors
BusinessHot News

20 richest people in Tanzania

Tanzania’s billionaires power growth as DSE market cap hits $13.07 billion amid investment surge.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Anglo American takes $2.3 billion De Beers hit as restructuring deepens

Anglo American books $2.3 billion De Beers writedown as restructuring deepens, with a shift toward copper and iron ore.

Omokolade Ajayi Omokolade Ajayi
Senzo Tsabedze Afrirent Busmark acquisition
BusinessHot News

South Africa’s Tsabedze family strengthens Afrirent with CFO hire, Busmark deal

Senzo Tsabedze strengthens Afrirent with a new CFO and Busmark acquisition to deepen transport manufacturing footprint.

Feyisayo Ajayi Feyisayo Ajayi
Sustainable logistics in Egypt
Hot NewsTechnology

Sustainable logistics in Egypt: Edita’s fleet goes electric with Shift EV

Edita partners with Shift EV to deploy electric trucks, cutting diesel costs and advancing sustainable logistics in Egypt.

Feyisayo Ajayi Feyisayo Ajayi
PIC Sibanye-Stillwater dividend
BusinessHot News

PIC, Africa’s largest asset manager, set for $46 million Sibanye-Stillwater dividend

PIC eyes $46 million Sibanye dividend after miner declares $213 million payout on earnings rebound and strong metal prices.

Feyisayo Ajayi Feyisayo Ajayi
Northam credit boost renewable energy
BusinessHot News

Northam raises $124 million credit line amid renewable energy push

Northam Platinum raises credit line by $124 million to boost renewable energy projects, cut emissions, and secure long-term power supply.

Feyisayo Ajayi Feyisayo Ajayi
Anadkat’s FMB Capital stake takes hit
BusinessHot News

Malawi’s richest man, Hitesh Anadkat, loses $290 million from FMB Capital stake

Hitesh Anadkat’s FMB Capital stake drops $290 million as shares slide, testing…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Tullow Oil, partly owned by Beninese-Gabonese billionaire, secures $1.3B debt reprieve

Tullow Oil, partly owned by Beninese-Gabonese oil billionaire Samuel Dossou-Aworet, secures $1.3…

Omokolade Ajayi Omokolade Ajayi
Baba Ahmadou Danpullo
BusinessHot News

Meet Cameroon’s richest man, Baba Ahmadou Danpullo, worth $900 million

Cameroon's richest man, Baba Ahmadou Danpullo, leads a vast empire spanning agriculture,…

Feyisayo Ajayi Feyisayo Ajayi
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