Feyisayo Ajayi

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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.

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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 richest.

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Sirius Real Estate
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.

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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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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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Ezz Steel Algeria 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.

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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 halt sale.

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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 ($6.28 million).

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Africa listed hotel companies
LuxuryHot News

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.

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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 in structured investments.

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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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