MCB
BusinessBankingHot NewsLatest

Mauritius’ MCB Group opens 2027 with $114 million profit

MCB Group raises first-quarter net profit 9.9% to MUR5.4 billion as international operations contribute 69% of earnings.

Feyisayo Ajayi Feyisayo Ajayi
Spar chair & director, Lwazi Koyana & Grant Pattison
BusinessCompanies

Spar appoints Lwazi Koyana as chair and adds Pattison to board

Koyana, a chartered accountant who has served as acting chairman since Aug. 17, takes the role with immediate effect.

Timilehin Adejumobi Timilehin Adejumobi
AfricInvest
BusinessHot NewsInvestments

AfricInvest-backed climate fund targeting $200 million seeks $40 million IFC investment

AfricInvest-backed Transform & Adaptation Fund seeks $40 million from IFC to finance climate projects across Africa and Latin America.

Feyisayo Ajayi Feyisayo Ajayi
Quick Mart Founders
BusinessHot NewsLatestMarkets

Quick Mart founders’ stake hits $120 million after NSE debut

Quick Mart founders' stake rises to $120 million after Kenya's supermarket chain raised $134 million in an oversubscribed NSE debut.

Feyisayo Ajayi Feyisayo Ajayi
Nedbank
BusinessBankingHot News

Nedbank gets approval to auction Althea Mathekga’s guesthouse property

Nedbank wins court approval to auction Althea Mathekga’s Gauteng guesthouse property after mortgage arrears rise to nearly R738,000 ($44,000).

Feyisayo Ajayi Feyisayo Ajayi
Nvidia CEO Jensen Huang
BusinessHot NewsTechnology

Nvidia CEO Jensen Huang resigns after issues of several affairs

Nvidia CEO Jensen Huang resigns after 33 years as chief executive, following affair revelations, a corporate investigation and security concerns.

Feyisayo Ajayi Feyisayo Ajayi
Dairibord
BusinessCompaniesHot NewsMarkets

Zimbabwe’s NSSA acquires Dairibord stake for over $7 million amid Varun takeover review

Zimbabwe's NSSA has acquired an 8.5% stake in Dairibord for over $7 million as regulators review Varun's proposed takeover.

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

Aliko Dangote’s refinery IPO draws $4.1 billion in oversubscribed share bids

With total bids outstripping available stock, management is weighing whether to expand the final share allocation to satisfy heavy market…

Omokolade Ajayi Omokolade Ajayi
Zain Latif
InvestmentsBusinessHot News

Zain Latif’s TLG Capital launches Ghana’s first local currency private credit fund

Zain Latif’s TLG Capital launches Ghana’s first local currency private credit fund to shield SMEs from FX risk and boost…

Omokolade Ajayi Omokolade Ajayi
Vivo Energy Mauritius
EnergyBusinessHot News

Vivo Energy Mauritius’ nine-month profit jumps 79% to $14.37 million

Strong commercial volume and wider retail margins helped the Port Louis-listed fuel marketer easily outpace foreign exchange headwinds and rising…

Omokolade Ajayi Omokolade Ajayi
Magda Wierzycka, founder and CEO of Sygnia
BusinessTechnology

South Africa’s richest woman Magda Wierzycka launches AI startup fund 

Magda Wierzycka launches AI fund in South Africa.

European Investment Bank renewable energy Africa
BusinessHot News

European Investment Bank $80 million investment strengthens Egypt’s private sector

EIB commits $80 million to RMBV North Africa Fund III, boosting Egyptian private sector growth and global investment confidence.

MCB
BusinessBankingHot NewsLatest

Mauritius’ MCB Group opens 2027 with $114 million profit

MCB Group raises first-quarter net profit 9.9% to MUR5.4 billion as international operations contribute 69% of earnings.

Feyisayo Ajayi Feyisayo Ajayi
Zakhem
BusinessCompaniesHot News

Kenyan businessman John Huba Waka’s Oilfields accuses Zakhem of using liquidation bid to block its $17 million claim

John Huba Waka’s Oilfields accuses Zakhem of pursuing liquidation over a disputed debt to block recovery of its $17.41 million arbitral award.

Feyisayo Ajayi Feyisayo Ajayi
Coop Bank
BankingBusiness

Co-op Bank backs Kenya’s shift to electric public transport with $11.5 million

Co-op Bank EV financing commits $11.5 million to help Kenya's matatu operators acquire electric buses and modernize public transport.

Timilehin Adejumobi Timilehin Adejumobi
$179 million Bahari Bay
TourismLuxury

South Africa’s $179 million Bahari Bay set to redefine luxury tourism on KZN coast

Bahari Bay's $179 million luxury estate in KwaZulu-Natal is attracting international buyers, with 489 homes planned along South Africa's coast.

Oluwatosin Alao Oluwatosin Alao
Sharm El-Sheikh Resort, Egypt
TourismBusinessHospitality

Egypt signs $460 million hotel deals with Titanic, Hilton to boost tourism  

Egypt’s $460 million hotel deals with Titanic and Hilton add resorts, hotel rooms and branded homes as tourism investment expands.

Timilehin Adejumobi Timilehin Adejumobi
Air Peace and Ethiopian Partnership Showcase
BusinessCompaniesHot NewsLatestLifestyle

Allen Onyema’s Air Peace partners with Ethiopian Airlines to open up more global travel options

Air Peace and Ethiopian Airlines sign an interline deal, expanding African connectivity and offering passengers more international travel options.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu
BillionairesBusinessHot News

Billionaire Tony Elumelu challenges African companies to give women more leadership roles

Tony Elumelu urges African companies to appoint more women to leadership roles, citing their impact on business growth and investment returns.

Omokolade Ajayi Omokolade Ajayi
Nvidia CEO Jensen Huang
BillionairesHot NewsTechnology

Nvidia CEO Jensen Huang loses $6.47B amid probe into alleged China spy links

Jensen Huang lost $6.47 billion as Nvidia shares fell 4.27%, pushing his fortune below $150 billion amid a China spy probe.

Omokolade Ajayi Omokolade Ajayi
BillionairesHot NewsMarkets

Femi Otedola loses $400 million as First HoldCo shares fall by a third

Femi Otedola loses $400 million as First HoldCo shares fall by a third, reducing his net worth from $2.1 billion to $1.7 billion.

Omokolade Ajayi Omokolade Ajayi