Feyisayo Ajayi

Follow:
2117 Articles
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 halt sale.

Feyisayo Ajayi Feyisayo 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 ($6.28 million).

Feyisayo Ajayi Feyisayo Ajayi
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.

Feyisayo Ajayi Feyisayo 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 in structured investments.

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.

Feyisayo Ajayi Feyisayo Ajayi
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 Q1 2026 results
LuxuryHot News

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 on the Nigerian Exchange. The hospitality subsidiary of Transnational Corporation of Nigeria has strengthened its position through rising earnings, premium hotel assets, and growing investor confidence in Africa’s expanding hospitality sector. Anchored by the iconic Transcorp Hilton Abuja, the company…

Feyisayo Ajayi Feyisayo Ajayi
LuxuryHot News

10 most valuable publicly listed hotel brands in Africa

Africa’s listed hotel companies are expanding tourism and investment, led by Nigeria’s Transcorp Hotels and South Africa’s hospitality giants.

Feyisayo Ajayi Feyisayo Ajayi
Madinet Masr 2026 results
Hot NewsBusiness

Madinet Masr reports $223 million revenue, as profits nears $70 million in 2025

Madinet Masr reports $236 million revenue and $73 million profit in 2025 as strong demand for Taj City and Sarai drives sales growth and accelerates project deliveries.

Feyisayo Ajayi Feyisayo Ajayi
Optasia Finergi acquisition
BusinessHot News

Optasia acquires Finergi for $30 million to expand Africa’s prepaid electricity credit

Optasia acquires Finergi for $30 million, expanding Africa’s prepaid electricity credit platform to serve unbanked consumers.

Feyisayo Ajayi Feyisayo Ajayi
MTN Group 2025 revenue growth
BusinessHot News

Zimbabwean executive Ralph Mupita leads MTN to $13.5 billion revenue in 2025

MTN posts $13.5 billion revenue in 2025 as Nigeria and Ghana drive growth, while fintech expansion and rising subscribers strengthen Africa’s telecom giant.

Feyisayo Ajayi Feyisayo Ajayi