CIEL Group corporate logo representing the Mauritius-based conglomerate operating across hotels, healthcare, finance, and textiles.
BusinessCompaniesHot News

Mauritius conglomerate CIEL posts $856 million revenue on tourism boom

The board declared an increased dividend, backed by record free cash flow generation.

Omokolade Ajayi Omokolade Ajayi
Voco hotels, IHG Hotels & Resorts’ fastest-growing premium brand
HospitalityBusinessHot NewsLifestyle

IHG’s voco hotels opens first East African property in Nairobi

The property is designed around extended stays, business travel and airport transits, combining hotel services with the flexibility of all-suite…

Omokolade Ajayi Omokolade Ajayi
QCIL
EntrepreneursHot News

Uganda businessman Emmanuel Katongole resigns as URA board chairman after 6 months

Ugandan businessman Emmanuel Katongole resigns as URA board chairman after six months, citing growing business and Rotary responsibilities.

Feyisayo Ajayi Feyisayo Ajayi
IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.
CompaniesBusinessHot News

Mauritian giant IBL Group hits $2.6 billion in revenue on strong retail boom

Retail remained IBL’s largest commercial segment, generating MUR60.95 billion ($1.26 billion) in revenue, up from MUR54.99 billion ($1.14 billion) in…

Omokolade Ajayi Omokolade Ajayi
Sudhir Ruparelia
BillionairesLatest

Ugandan tycoon Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank takeover

Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank’s disputed takeover, transfer and sale as the legal battle resumes…

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank
ExecutivesHot News

Standard Bank’s Sim Tshabalala, 7 other executives unlock $1.92 million in share awards

Standard Bank CEO Sim Tshabalala and senior executives unlock $1.92 million in share awards under the lender’s deferred bonus scheme.

Feyisayo Ajayi Feyisayo Ajayi
Ryan Kubik
ExecutivesHot News

ReconAfrica appoints former Canadian Oil Sands CEO Ryan Kubik to board

ReconAfrica appoints former Canadian Oil Sands CEO Ryan Kubik as an independent director to strengthen governance and advance African exploration.

Feyisayo Ajayi Feyisayo Ajayi
Attijariwafa Bank Morocco valued over $15 billion
InvestmentsLatest

Attijariwafa takes control of Société Générale Ghana as Daniel Ofori retains stake

Attijariwafa Bank will acquire a controlling stake in Société Générale Ghana, while Daniel Ofori retains his 6.81% stake.

Feyisayo Ajayi Feyisayo Ajayi
Wicknell Chivayo
PhilanthropyLatest

10 biggest publicly reported donations of late Zimbabwean businessman Wicknell Chivayo

Zimbabwean businessman Wicknell Chivayo made some of the country’s biggest publicly reported donations before his death in a helicopter crash.

Feyisayo Ajayi Feyisayo Ajayi
Zimbabwean Farm
BusinessHot News

Zimbabwe says land seizure compensation reaches $508 million

The payments form part of a broader effort to resolve the financial fallout from the country’s controversial land reform program.

Omokolade Ajayi Omokolade Ajayi
Koné project in Côte d’Ivoire
MiningBusinessCompaniesHot News

Canadian-listed Montage Gold pours first gold at Côte d’Ivoire’s Koné mine

Montage Gold pours first gold at its Koné mine in Côte d’Ivoire, starting production ahead of its 2027 target.

Omokolade Ajayi Omokolade Ajayi
Volobe Dam Expands Power Access
EnergyBusinessHot News

AXIAN Energy-backed Malagasy hydro project to power 2 million, create 1,500 jobs

The project, backed by the Malagasy government and its partners, is designed to improve electricity reliability while supporting broader economic…

Omokolade Ajayi Omokolade Ajayi
Ugandan tycoon Ponsiano Ngabirano
BusinessCompaniesHospitalityHot News

Ugandan tycoon Ponsiano Ngabirano’s Marriott Hotel valued at $166M after pension deal

The transaction gives the Nsambya-based property an implied value of about $166.7 million.

Omokolade Ajayi Omokolade Ajayi
Ugandan Alam family
EntrepreneursLatest

Ugandan Alam family loses bid to halt 10-year Steel Rolling Mills’ execution

Ugandan Alam family loses bid to halt execution over a decade-old Steel Rolling Mills judgment after High Court rejects stay…

Feyisayo Ajayi Feyisayo Ajayi
Glencore
MiningLatest

Glencore secures approval to extend Hunter Valley coal mine operations to 2045

Glencore wins NSW approval to extend Hunter Valley coal mine operations, with HVO North potentially running until 2045, pending federal…

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessCompaniesHot News

Nigeria’s Dangote Group amasses world’s largest fleet of 7,000 heavy machines

The equipment buildup was driven largely by the scale of the refinery project and a shortage of local construction capacity.

Omokolade Ajayi Omokolade Ajayi
South African executive Rui Morais
CompaniesExecutivesHot News

Dis-Chem CEO Rui Morais sets sights on growth and wider healthcare access

Rui Morais is steering Dis-Chem Group through a growth push that has lifted the healthcare retailer’s revenue and strengthened its…

Omokolade Ajayi Omokolade Ajayi
Nigerian tycoon Kola Karim
BillionairesBusinessHot News

Fresh off $500 million oil backing, Kola Karim urges African infrastructure push

Karim made the remarks at the Unstoppable Africa 2026 conference in New York, the flagship event of the Global Africa…

Omokolade Ajayi Omokolade Ajayi
Fola Aiyesimoju and Olasunkanmi owoyemi
EntrepreneursLatest

Fola Aiyesimoju-led UAC of Nigeria to sell $15 million stake in Livestock Feeds to Sunbeth 

UAC of Nigeria, led by Fola Aiyesimoju, will sell its 73.29% Livestock Feeds stake to Olasunkanmi owoyemi's Sunbeth for $15…

Feyisayo Ajayi Feyisayo Ajayi
InfraCredit
InvestmentsHot News

Nigeria’s InfraCredit secures $50 million to expand long-term infrastructure financing

Nigeria’s InfraCredit secures a $50 million IFC loan to expand long-term naira financing guarantees for infrastructure projects across the country.

Feyisayo Ajayi Feyisayo Ajayi
Equity Bank
BusinessHot News

Equity Bank takes control of Glee Hotel over $62 million loan default

Equity Bank takes control of Glee Hotel after a $62 million loan default, reshaping Nairobi’s luxury hospitality sector.

Nasim Mohamed Devji DTB CEO
ExclusiveBusiness

Meet Nasim Devji: Kenya’s first female commercial Bank CEO

Nasim Devji, Kenya’s first female commercial bank CEO, has led DTB Group since 2001, driving steady growth across East Africa.

Glencore
BusinessMining

Glencore wins RIGI approval for $4 billion Agua Rica project 

Glencore secures RIGI approval for its $4 billion Agua Rica copper project, strengthening its planned expansion in Argentina.

Timilehin Adejumobi Timilehin Adejumobi
Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BankingBusiness

Access Bank Namibia secures full banking license from BoN

Access Bank Namibia banking license clears the lender to accept deposits and offer banking services after a nearly two-year approval.

Timilehin Adejumobi Timilehin Adejumobi
CIEL Group corporate logo representing the Mauritius-based conglomerate operating across hotels, healthcare, finance, and textiles.
BusinessCompaniesHot News

Mauritius conglomerate CIEL posts $856 million revenue on tourism boom

CIEL Limited reported an 8% revenue rise to $856.1 million for FY26, driven by strong gains in hospitality and healthcare despite regional textile headwinds.

Omokolade Ajayi Omokolade Ajayi
Voco hotels, IHG Hotels & Resorts’ fastest-growing premium brand
HospitalityBusinessHot NewsLifestyle

IHG’s voco hotels opens first East African property in Nairobi

IHG Hotels & Resorts has opened voco Nairobi Airport Suites, its first voco property in East Africa, adding 112 suites near Jomo Kenyatta International Airport.

Omokolade Ajayi Omokolade Ajayi
Alex Karp, the chief executive officer of Palantir Technologies
BillionairesEntrepreneursHot News

Richest Black US billionaire Alex Karp buys 37,000-acre Swedish forest

Palantir CEO Alex Karp buys 37,000 acres of Swedish forest for about $22 million as his fortune surpasses $20 billion.

Omokolade Ajayi Omokolade Ajayi
QCIL
EntrepreneursHot News

Uganda businessman Emmanuel Katongole resigns as URA board chairman after 6 months

Ugandan businessman Emmanuel Katongole resigns as URA board chairman after six months, citing growing business and Rotary responsibilities.

Feyisayo Ajayi Feyisayo Ajayi
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