TMG
BusinessHot News

Saudi Arabia opens property market to foreigners, boosting Talaat Moustafa’s expansion

Saudi Arabia opens real estate to foreign buyers, unlocking demand and boosting Talaat Moustafa Group’s expansion in key cities.

Feyisayo Ajayi Feyisayo Ajayi
Mama Ngina Kenyatta
Hot NewsBusiness

After $2 million farmer payout, Brookside Dairy, owned by Kenya’s Kenyatta family, woos hoteliers

The expansion follows a KSh255 million ($2 million) bonus payout to contracted dairy farmers in the six months ending May…

Omokolade Ajayi Omokolade Ajayi
South African executive Ciko Thomas.
Hot NewsBusiness

South African executive Ciko Thomas takes $1.8 million Nedbank pay

The compensation shifts happened alongside steady operational growth within the personal and private banking division.

Omokolade Ajayi Omokolade Ajayi
Oceanwood
BusinessHot News

OCI shareholder Oceanwood presses board to revise $4.7 cash offer in Orascom merger battle

Oceanwood challenges OCI’s €4.1 ($4.7) cash offer, urging a revised Orascom deal to protect minority shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Egypt’s food exports.
Hot NewsBusiness

Egypt’s food exports climb 7.1% to $2.43 billion in first four months of 2026

The growth reflects steady international demand for Egyptian agricultural and processed goods despite persistent global trade disruptions.

Omokolade Ajayi Omokolade Ajayi
Cameroon cocoa downturn
Hot NewsBusiness

Cameroon’s richest woman Kate Fotso eyes gains as cocoa prices top $3.5 per kg

Cameroon cocoa prices rebound above CFA2,000 ($3.46)/kg late in season, offering modest relief to exporters, including Kate Fotso’s Telcar Cocoa.

Feyisayo Ajayi Feyisayo Ajayi
Oceanwood
BusinessHot News

OCI Global weighs $4.7 cash offer as Orascom deal standoff deepens

OCI Global reviews NNS’ €4.1 ($4.7) cash bid as Orascom deal stalls, offering shareholders a potential exit amid governance dispute.

Feyisayo Ajayi Feyisayo Ajayi
Elsewedy Electric $200 million industrial projects
BusinessHot News

Elsewedy Electric launches $200 million industrial projects to boost exports

Elsewedy Electric launches $200 million industrial projects to expand manufacturing, boost exports, and strengthen Egypt’s supply chains.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Sirius Real Estate sells U.K. assets for $7 million, pivots to self-storage expansion

Sirius sells two U.K. assets for £5.3 million ($7 million), redeploying capital into higher-yield self-storage developments.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Equity Group shareholders approve insurance expansion, $167 million dividend payout

Equity Group shareholders approve Kenya, DRC insurance expansion and KSh 21.7 billion dividend payout for FY2025.

Feyisayo Ajayi Feyisayo Ajayi
Kenya Airways lawsuit financial crisis
BusinessHot News

Kenya Airways faces $1 million lawsuit as losses hit $1.6 billion

Kenya Airways faces a $1 million U.S. lawsuit as losses hit $1.6 billion, underscoring liquidity strain and urgent capital needs.

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater bond offering
BusinessHot News

Sibanye says EVs to reach 35% of global car sales by 2034

Sibanye Stillwater sees EVs at 35% of global car sales by 2034, easing pressure on platinum and palladium demand outlook.

Feyisayo Ajayi Feyisayo Ajayi
AfDB
BusinessHot News

AfDB’s arm approves $9 million grant to boost East Africa financial integration

AfDB’s concessional arm approves $9 million to deepen East Africa financial integration, boosting markets, payments and cross-border investment.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Indimi
BusinessHot News

Nigerian oil tycoon Mohammed Indimi bags N1.4 billion in 2025 dividend payout

Mohammed Indimi earns N1.44 billion ($1.05 million) from Jaiz Bank dividend after strong 2025 earnings and shareholder-approved payout.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Nigerian stock selloff wipes $1.2 billion from Aliko Dangote’s net worth

The decline pushed his fortune below the $35 billion mark for the first time since early May.

Omokolade Ajayi Omokolade Ajayi
WeLight's agent and customer
TechnologyBusinessHot News

Africa’s biggest solar mini-grid operator WeLight lands $31 million IFC-backed deal

WeLight said the funding will support its entry into Nigeria and the Democratic Republic of Congo while strengthening operations in…

Omokolade Ajayi Omokolade Ajayi
South African executive Nishlan Samujh.
Hot NewsBusiness

South African executive Nishlan Samujh’s pay package declines to $2.3 million at Investec

The decline reflects remuneration policy changes introduced in 2024

Omokolade Ajayi Omokolade Ajayi
South African banking giant FirstRand.
Hot NewsBusiness

FirstRand says $1 billion UK redress charge to cut annual earnings

The provision is expected to reduce reported profitability, with normalized earnings forecast to decline between 4 percent and 9 percent.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer biggest one-day drop of 2026

The decline adds to a difficult stretch for Rabiu, whose net worth has been under pressure since mid-May.

Omokolade Ajayi Omokolade Ajayi
Morocco berry farm expansion
BusinessHot News

Elite Agro invests $136 million in Morocco berry expansion, adding seventh farm

Elite Agro invests $136 million in Morocco berry expansion, opening a seventh farm to boost output and strengthen global export…

Feyisayo Ajayi Feyisayo Ajayi
Top malls in Mauritius
TourismHot News

Top 10 biggest malls in Mauritius

Mauritius is redefining shopping with world-class malls blending retail, leisure, and island charm across vibrant cities.

Lowe’s $250 million skilled trades initiative
BusinessGlobal NewsHot News

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Tanzania, Japan’s JICA expand critical minerals cooperation
BusinessGlobal News

Tanzania, Japan’s JICA expand critical minerals cooperation

Tanzania and JICA expand cooperation on critical minerals research to boost mining skills, investment, and strategic resources.

Oluwatosin Alao Oluwatosin Alao
TMG
BusinessHot News

Saudi Arabia opens property market to foreigners, boosting Talaat Moustafa’s expansion

Saudi Arabia opens real estate to foreign buyers, unlocking demand and boosting Talaat Moustafa Group’s expansion in key cities.

Feyisayo Ajayi Feyisayo Ajayi
Chapel Hill Denham
BusinessHot News

Nigerian real estate firm NREIT surpasses 120 assets after $5 million raise

Chapel Hill Denham NREIT surpassed 120 assets after a $5 million raise, expanding Nigeria's institutional real estate market.

Timilehin Adejumobi Timilehin Adejumobi
Tharisa underground mining
BusinessHot News

Nedbank backs Tharisa with $45.6 million for underground mining shift

Nedbank backs Tharisa $45.6 million facility to expand underground mining fleet, boosting Bushveld output and long-term growth strategy.

Timilehin Adejumobi Timilehin Adejumobi
Inospace
BusinessHot News

Inospace expands Johannesburg footprint with Charron Works acquisition

Inospace Johannesburg expansion accelerates with Charron Works acquisition in Wadeville, boosting SME logistics space.

Timilehin Adejumobi Timilehin Adejumobi
Mama Ngina Kenyatta
Hot NewsBusiness

After $2 million farmer payout, Brookside Dairy, owned by Kenya’s Kenyatta family, woos hoteliers

Kenya's largest milk processor Brookside Dairy targets the hospitality sector following a $2 million payout to local farmers.

Omokolade Ajayi Omokolade Ajayi
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