OK Zimbabwe corporate rescue
BusinessHot News

Shoprite, Choppies exits foreshadow turmoil as OK Zimbabwe enters corporate rescue

OK Zimbabwe enters corporate rescue after mounting liquidity strain, echoing Choppies and Shoprite exits.

Feyisayo Ajayi Feyisayo Ajayi
Brait trims Premier stake, raises $63M
BusinessHot News

Brait raises $63 million from Premier Group share sale, trims stake to 24.3%

Brait raises $63 million selling Premier shares, cuts stake to 24.3%, boosting liquidity and portfolio flexibility.

Feyisayo Ajayi Feyisayo Ajayi
Del Monte Kenya IQF line
BusinessHot News

Del Monte Kenya adds $4 million solar-powered IQF line to boost exports

Del Monte Kenya launches $4 million IQF line, boosting frozen fruit exports, smallholder sourcing and solar-powered processing.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Seplat Energy posts $2.73 billion revenue in 2025 on output boost

Seplat Energy reports $2.73 billion revenue in 2025 as offshore and onshore output drive a 144% jump.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest heirs
ExclusiveHot News

Africa’s 20 richest heirs leading billion-dollar empires

Africa’s richest heirs are reshaping billion-dollar empires, driving governance, expansion, and next-generation leadership across industries.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa could add $17 billion, 3.3 million jobs by doubling seafood production

Doubling Africa’s seafood production could add $17 billion to GDP and create 3.3 million jobs, boosting the continent’s food sector.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement profit nearly quintuples to $260 million

Nigerian billionaire Abdul Samad Rabiu's posts $260 million profit, up 379%, driven by strong sales and lower foreign exchange losses.

Omokolade Ajayi Omokolade Ajayi
Malawi’s richest investors
BusinessHot News

Malawi’s 20 richest investors and their investments

Malawi’s 15 richest investors shape banking, agriculture, telecoms and infrastructure across one of Africa’s resilient frontier markets.

Feyisayo Ajayi Feyisayo Ajayi
Nassef Sawiris Orascom stake $475 million
BusinessHot News

Nassef Sawiris crosses $10 billion as Orascom stake climbs to $475 million

Nassef Sawiris’ Orascom stake climbs to $475 million after Abu Dhabi shift, lifting his net worth above $10 billion.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Over 400 Nestlé employees in South Africa face layoffs

Nestlé starts layoffs in South Africa, part of a global restructuring affecting 16,000 jobs to boost performance and efficiency.

Omokolade Ajayi Omokolade Ajayi
Vukile Islazul Madrid acquisition
Hot NewsLuxury

Vukile, led by South African REIT specialists, acquires Islazul Shopping Centre in Madrid

Vukile acquires Madrid’s Islazul Shopping Centre for €202 million ($238.4 million), expanding Castellana’s Iberian retail footprint.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria 2025 revenue growth
BusinessHot News

Karl Toriola-led MTN Nigeria posts $3.8 billion in revenue, returns to profitability

MTN Nigeria posts $3.8 billion revenue in 2025, reversing losses as data, fintech and FX stability drive profit rebound.

Feyisayo Ajayi Feyisayo Ajayi
Parkville Pharmaceuticals Egypt investment
BusinessHot News

Egypt’s Parkville Pharmaceuticals gets investment from Proparco, Adenia and DEG

Proparco, Adenia and DEG acquire majority stake in Egypt’s Parkville to boost local cosmeceutical manufacturing and regional expansion.

Feyisayo Ajayi Feyisayo Ajayi
Stripe PayPal acquisition
Hot NewsTechnology

Stripe explores PayPal’s $43 billion takeover after $159 billion valuation

Stripe explores PayPal acquisition after $159 billion valuation, signaling fintech consolidation and digital payments expansion.

Feyisayo Ajayi Feyisayo Ajayi
Malawi government stake in Sunbird Tourism
Hot NewsTourism

Sunbird Tourism rally lifts Malawi government’s stake above $200 million

Malawi government’s stake in Sunbird Tourism surpasses $200 million as shares double, lifting market value on the Malawi Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South African billionaire Patrice Motsepe returns to Forbes top 1,000 richest

South African billionaire Patrice Motsepe returns to Forbes 1,000 richest after $300 million mining surge and fintech growth.

Omokolade Ajayi Omokolade Ajayi
Hot NewsSports

After Herbalife deal, Ronaldo buys into Saudi-backed Spanish club

Cristiano Ronaldo buys 25% of Saudi-backed UD Almería after taking a 10 percent Herbalife stake, expanding his global investments.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Zimbabwe lithium export ban lifts prices and producer shares

Zimbabwe’s decision to halt exports of lithium concentrate has shaken global markets, sending both commodity prices and producer shares higher.…

Omokolade Ajayi Omokolade Ajayi
Tony Elumelu joins Seplat’s board after $500 million stake deal, setting stage for chairmanship at Nigeria’s leading indigenous energy producer.
BusinessHot News

Tony Elumelu’s Transcorp hits N1 trillion in assets; dividend doubles

Tony Elumelu’s Transcorp tops N1 trillion in assets as revenue and profit surge across power and hospitality businesses.

Omokolade Ajayi Omokolade Ajayi
Adebutu stake jumps as Wema rallies
BusinessHot News

Kessington Adebutu’s stake in Wema Bank nears $120 million

Kessington Adebutu’s Wema Bank stake nears $120 million as shares surge 26% in 2026, lifting market value by $25 million.

Feyisayo Ajayi Feyisayo Ajayi
OK Zimbabwe corporate rescue
BusinessHot News

Shoprite, Choppies exits foreshadow turmoil as OK Zimbabwe enters corporate rescue

OK Zimbabwe enters corporate rescue after mounting liquidity strain, echoing Choppies and…

Feyisayo Ajayi Feyisayo Ajayi
Brait trims Premier stake, raises $63M
BusinessHot News

Brait raises $63 million from Premier Group share sale, trims stake to 24.3%

Brait raises $63 million selling Premier shares, cuts stake to 24.3%, boosting…

Feyisayo Ajayi Feyisayo Ajayi
AfDB and AU urge visa-free travel across Africa to boost trade and tourism
BusinessTourism

AfDB and AU urge visa-free travel across Africa to boost trade and tourism

Economic growth across Africa continues to be slowed by one simple but…

Oluwatosin Alao Oluwatosin Alao
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