Equity Group 2025 profit
BusinessHot News

Kenya banker James Mwangi leads Equity Group to $555.4 million profit in 2025

Kenya’s Equity Group reports $555.4 million profit in 2025, driven by regional diversification and strong income growth.

Feyisayo Ajayi Feyisayo Ajayi
Sa’adat Hamza Mohammed Jaiz Bank stake
BusinessHot News

Nigerian banker and lawyer Sa’adat Mohammed’s Jaiz Bank stake tops $30 million

Sa’adat Hamza Mohammed’s Jaiz Bank stake tops $30 million after a sharp rally in shares on Nigeria’s stock exchange

Feyisayo Ajayi Feyisayo Ajayi
Co-op Bank dividend 2025
BusinessHot News

Kenyan tycoon Gideon Muriuki-led Co-op Bank to distribute $113 million dividend

Co-op Bank plans $113 million dividend after 2025 profit growth, reinforcing investor confidence and strong balance sheet expansion.

Feyisayo Ajayi Feyisayo Ajayi
Top 15 listed hotel brands Africa
Hot NewsLuxury

15 most valuable publicly listed hotel brands in Africa

Africa’s 15 most valuable listed hotel brands drive tourism, business travel, and investor exposure across the continent.

Feyisayo Ajayi Feyisayo Ajayi
Co-op Bank dividend 2025
BusinessHot News

Co-op Bank shatters records with $230 million profit under Gideon Muriuki

Co-op Bank posts record $310.98 million profit as income rises, efficiency improves and dividend payout jumps sharply in 2025.

Feyisayo Ajayi Feyisayo Ajayi
BusinessExclusiveHot News

Nigeria’s Zedvance targets $185 million in business loans by 2026

The target follows strong growth in the firm’s Commercial Solutions unit, which has already disbursed more than N96 billion ($71…

Editorial Team Editorial Team
Novus Holdings asset disposal
BusinessHot News

South Africa’s Novus Holdings sells KwaZulu-Natal property assets in $5.4 million disposal

Novus Holdings sells KwaZulu-Natal assets for $5.4 million, exiting non-core properties to refocus capital on core operations.

Feyisayo Ajayi Feyisayo Ajayi
Clive Calder net worth 2026
BillionairesHot News

South African-British billionaire Clive Calder loses $170 million in 2026

Clive Calder’s net worth falls $170 million in 2026, driven by weaker asset valuations, though he remains among the world’s…

Feyisayo Ajayi Feyisayo Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
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…

Feyisayo Ajayi Feyisayo Ajayi
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.

Omokolade Ajayi Omokolade Ajayi
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.

Feyisayo Ajayi Feyisayo Ajayi
Remgro
BusinessHot News

Remgro to unbundle $73 million EMI stake to shareholders via share swap

Remgro plans to unbundle its R1.3 billion ($73 million) EMI stake via EMH share swap, unlocking value and giving shareholders direct media exposure.

Ezz Steel plans $1.1 billion expansion
BusinessHot News

Ezz Steel plans $1.1 billion expansion over the next 2 years in Egypt’s steel sector

Ezz Steel plans $1.1 billion expansion to boost domestic production amid falling exports and rising global trade barriers.

Equity Group 2025 profit
BusinessHot News

Kenya banker James Mwangi leads Equity Group to $555.4 million profit in 2025

Kenya’s Equity Group reports $555.4 million profit in 2025, driven by regional diversification and strong income growth.

Feyisayo Ajayi Feyisayo Ajayi
Ovaltine $32 million deal event
BusinessHot News

Ovaltine to open $32 million first Africa plant in Nigeria

Ovaltine to invest $32M in Lagos plant, creating jobs and expanding exports as UK–Nigeria trade and manufacturing ties deepen.

Timilehin Adejumobi Timilehin Adejumobi
Kenya Airways
BusinessTourism

Kenya Airways, CemAir sign deal to expand South Africa routes

Kenya Airways partners with CemAir to expand South Africa routes, offering seamless connections across African destinations for travelers.

Timilehin Adejumobi Timilehin Adejumobi
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