Feyisayo Ajayi

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SPAR moves to rebuild revenue
CompaniesLatest

South Africa’s Peresec raises stake in SPAR by 3 million shares to $54 million

Peresec lifts its SPAR stake by 3 million shares above 10% as the retailer faces falling profits, rising debt and a sharp share-price decline.

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Janet Waweru Luvai
ExecutivesLatest

Kenyan businessman Simon Wafubwa’s Enwealth appoints Janet Waweru as finance chief

Enwealth, founded by Kenyan businessman Simon Wafubwa, appoints Janet Waweru Luvai as CFO as pension assets and operations expand across East Africa.

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Lionel Matthews
ExecutivesLatest

Namibian executive Lionel Matthews takes chairmanship of Letshego Holdings 

Namibian financial executive Lionel Matthews becomes Letshego Holdings Namibia chairperson, adding another major board role to his four-decade career.

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MTN Scancom
MarketsLatest

MTN Ghana secures $202 million spectrum award to bolster 5G network

MTN Ghana secures $202 million in spectrum licences to expand 5G coverage, increase network capacity and strengthen broadband services nationwide.

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Ugandan Gospel Artist Mungu feni
EntrepreneursLatest

Why Uganda’s gospel artist Mungu Feni is behind bars over $3.3 million gold case

Ugandan gospel artist Mungu Feni faces investigation over an alleged $3.3 million gold fraud involving foreign investors and EuroGold Refinery.

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Paul Fokam
BankingLatest

Paul Fokam’s Afriland First Bank holds $898 million in securities against $1.4 billion in loans

Afriland First Bank held $898 million in securities against $1.43 billion in customer loans, highlighting its balance-sheet allocation in August 2026.

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Nedbank NCBA takeover bid
BankingLatest

Nedbank ordered to pay costs after South African court sets aside home loan judgment

Nedbank ordered to pay legal costs after South African court overturns a 2021 home loan judgment involving two Soweto homeowners in Johannesburg.

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Strive Masiyiwa
Hot NewsTechnology

IFC commits $50 million to Liquid’s planned $350 million bond

IFC commits up to $50 million to Liquid Telecom’s planned $350 million bond, supporting network expansion and debt refinancing across Africa.

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QCIL
EntrepreneursHot News

Ugandan 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.

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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 in London.

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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.

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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.

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