Feyisayo Ajayi

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Peter Ndegwa Safaricom compensation 2025
ExecutivesHot News

Safaricom’s CEO Peter Ndegwa pockets $2.3 million salary in 2025

Safaricom CEO Peter Ndegwa earned $2.28 million in 2025, up 16.6%, as profit declined despite revenue and asset growth.

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Shaun Roos corruption case
BusinessHot News

South African court denies bail to businessman Shaun Roos in $95 million Cape contracts case

Cape Town court denies bail to businessman Shaun Roos over $95 million corruption case tied to municipal contracts and bribery allegations.

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Zafiri IFC off-grid Africa
BusinessHot News

Mauritius’ Zafiri fund targets $1 billion valuation with IFC’s $120 million off-grid push in Africa

Zafiri targets $1 billion valuation as IFC commits $120 million to expand off-grid energy and clean cooking access across Africa.

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Kenyan banker James Mwangi
BusinessHot News

Kenya’s richest banker James Mwangi’s stake in Equity Group tops $70 million

James Mwangi’s Equity Group stake tops $70 million as shares rally, boosting wealth and reinforcing investor confidence in the lender.

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Metair $198 million debt refinance
BusinessHot News

South Africa’s Metair secures $198 million debt refinance, extends maturity to 5 years

Metair refinances $198 million debt, extending maturity to five years to ease pressure and support capital spending ahead of FY2026 shift.

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NCBA model
BusinessHot News

South Africa’s Nedbank secures 77% backing for $856 million NCBA acquisition in Kenya

Nedbank secures 77% backing for its $856 million NCBA stake acquisition, advancing a cross-border deal to expand into Kenya’s fast-growing banking market.

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Marvin Ellison Lowe’s compensation
ExecutivesHot News

Marvin Ellison earns $22 million as Lowe’s CEO, cementing position among top Black executives

Marvin Ellison earns $21.6 million in 2025 as Lowe’s posts strong revenue growth, reflecting performance-linked executive compensation.

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Public Investment Corporation
BusinessHot News

PIC joins top investors in Spear REIT, acquires $22 million stake

PIC has acquired a $22 million stake in Spear REIT, securing 6.557% holding and ranking among top five shareholders in a regulatory filing.

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FDH Bank profit growth
BusinessHot News

Malawi’s FDH Bank posts $85 million profit amid Mozambique expansion

FDH Bank profit nearly doubles to $85 million in 2025, driven by strong lending growth, rising interest income and regional expansion push.

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Salungano $182 million revenue coal output
BusinessHot News

South Africa’s Salungano reports $182 million revenue on stronger coal output

Salungano reports $182 million revenue as coal output and sales surge, boosting profit and strengthening balance sheet.

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I&M Bank Kenya bond sale
BusinessHot News

I&M Bank targets wealthy investors with $77 million Kenya bond sale

I&M Bank sets Ksh500,000 ($3,872) entry for $77 million Kenya bond, targeting wealthy investors to boost lending and strengthen capital buffers.

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Rocking the Daisies 2026 lineup
EntertainmentHot News

Jorja Smith to headline Rocking the Daisies 2026 festival in Cape Town

Jorja Smith will headline Rocking the Daisies 2026 in Cape Town, marking her first South Africa show as organizers unveil the festival lineup.

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