SPAR moves to rebuild revenue
BusinessHot News

South Africa’s SPAR moves to cut jobs amid weak sales and rising costs

Executives say restoring reliability to distribution remains a priority as the company works to rebuild supplier and customer confidence.

Omokolade Ajayi Omokolade Ajayi
Sirius Real Estate credit facility
BusinessHot News

Sirius Real Estate secures $346 million revolving credit facility to boost acquisitions

Sirius Real Estate secures $346 million revolving credit facility, boosting acquisitions and strengthening financial flexibility across Europe.

Feyisayo Ajayi Feyisayo Ajayi
Michiel Le Roux Capitec stake loss
BillionairesHot News

South African billionaire Michiel Le Roux loses $422 million on Capitec Bank stake

Michiel Le Roux loses $422 million as Capitec shares slide on JSE, cutting stake value amid market volatility.

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BusinessHot News

Nigerian executive Owen Omogiafo says government’s commitment to energy debt promises gains for Transcorp

Transcorp remains committed to protecting shareholders and sustaining profitability across its power, hospitality, and energy investments.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Ghanaian businessman bids to take over gold mine from Africa’s biggest miner

This comes as Ghana’s mining sector reforms aim to keep more wealth in the country.

Omokolade Ajayi Omokolade Ajayi
Supermarket Income REIT refinancing
BusinessHot News

Supermarket Income REIT expands $583 million facility to refinance debt

Supermarket Income REIT expands £437 million ($583.24 million) loan to refinance debt, boosting liquidity and strengthening its grocery property portfolio.

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BusinessHot News

South Africa’s Vukile buys $202 million stake in Barcelona mall

The Johannesburg-based real estate investment trust said the purchase will be made through its 99.7 percent-owned Spanish subsidiary Castellana Properties.

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Elsewedy Electric Saudi expansion
BusinessHot News

Elsewedy Electric deepens Saudi Arabia push with $3 billion project pipeline

Elsewedy Electric deepens Saudi Arabia push with $3 billion projects as international revenue climbs to 70% of total.

Feyisayo Ajayi Feyisayo Ajayi
Robert L Johnson companies
BillionairesHot News

20 business empires owned by the world’s first Black billionaire, Robert L. Johnson

How Robert L. Johnson built a diversified empire, from BET to hotels, private equity, and African investments, reshaping Black wealth.

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Court backs Equity Bank in loan recovery
BusinessHot News

Kenyan court clears Equity Bank to auction Riverside office block over $9.5 million default

Kenyan court clears Equity Bank to auction Nairobi office block over $9.5 million loan default, dismissing Chase Bank’s bid to…

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ExclusiveHot News

Nigerian monarch Lamido Sanusi, the Emir of Kano, takes home N442 million from MTN

His 2025 compensation rose from R5.07 million, or about N412.1 million (roughly $304,000), the year before.

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BusinessHot News

Acsion approves $1 million hotel contract variation in related-party deal

Acsion approves $1 million variation orders on a related-party hotel contract, raising total project value to R104.75 million.

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BusinessHot News

South Africa’s Woolworths to buy $300 million convenience foods supplier, in2food

The deal reflects Woolworths’ focus on strengthening key parts of its premium food value chain.

Omokolade Ajayi Omokolade Ajayi
Africa listed hotel companies
Hot NewsLuxury

Why Africa’s hospitality industry has few listed hotel brands

Africa’s hotel sector is fragmented, with few listed firms as local owners control assets while global brands dominate management.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

MTN CEO Ralph Mupita earns $4.1 million as telecom giant returns to profit

The payout came as MTN reported a sharp financial recovery, swinging from a loss to a profit of R47.43 billion…

Omokolade Ajayi Omokolade Ajayi
Cytonn asset auction Kenya
BusinessHot News

Kenya launches auction of Cytonn asset linked to Edwin Dande to recover $85 million for investors

Kenya auctions Cytonn real estate linked to Edwin Dande to recover $85 million, aiming to repay investors and restore confidence…

Feyisayo Ajayi Feyisayo Ajayi
Labat Africa AI technology distribution
BusinessHot News

Labat Africa’s Ahnamu inks global tech supply deal with Dubai’s Shafi Inc

Labat Africa’s Ahnamu signs global AI tech supply deal with Dubai’s Shafi Inc, expanding Africa’s computing and ICT footprint.

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IFC backs Angola SMEs with trade finance facility
BusinessHot News

IFC backs trade finance facility to boost Angola’s SMEs and supply chains

IFC has launched trade finance facility to support Angolan businesses, particularly small and medium enterprises (SMEs), strengthening cross-border trade

Feyisayo Ajayi Feyisayo Ajayi
Transcorp Hotels valuation
Hot NewsLuxury

Nigeria’s Transcorp Hotels tops list as Africa’s most valuable hospitality brand with $1.5 billion capitalization

Transcorp Hotels Plc has emerged as Africa’s most valuable publicly listed hospitality company, with a market capitalization exceeding $1.5 billion…

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BusinessHot News

Nigeria’s inflation eases to 15.06% in February but monthly pressures rise

Headline inflation fell slightly to 15.06 percent, down from 15.1 percent in January.

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Most valuable banks in Morocco
BusinessHot News

7 most valuable banks in Morocco

Morocco’s top banks lead African finance with strong balance sheets, regional expansion and rising demand across retail, corporate and digital services.

Africa telecom billionaires
Hot NewsTechnology

10 African tech titans driving fintech and innovation

Africa’s tech titans are exporting capital and platforms globally, reshaping digital payments, infrastructure and innovation in 2026.

SPAR moves to rebuild revenue
BusinessHot News

South Africa’s SPAR moves to cut jobs amid weak sales and rising costs

SPAR Group introduces retrenchments and cost-saving measures to strengthen operations amid weak trading conditions.

Omokolade Ajayi Omokolade Ajayi
Sirius Real Estate credit facility
BusinessHot News

Sirius Real Estate secures $346 million revolving credit facility to boost acquisitions

Sirius Real Estate secures $346 million revolving credit facility, boosting acquisitions and strengthening financial flexibility across Europe.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian executive Owen Omogiafo says government’s commitment to energy debt promises gains for Transcorp

Nigeria’s plan to settle energy debt could strengthen Transcorp, improving operations and funding growth in power and energy infrastructure.

Omokolade Ajayi Omokolade Ajayi
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