Feyisayo Ajayi

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Desmond de Beer Lighthouse dividend
LuxuryBusinessHot News

South African businessman Desmond de Beer to receive $6.3 million from Lighthouse

South African businessman Desmond de Beer will receive $6.3 million after Lighthouse Properties declared a €30.24 million ($35.2 million) interim dividend payout.

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Hyprop Hyde Park Corner sale collapse
BusinessHot NewsLuxury

Hyprop top executives forfeit shares after Hyde Park Corner sale collapses

Hyprop executives repay incentives and forfeit shares after failed sale of 50% stake in Johannesburg’s Hyde Park Corner mall collapses.

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Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessHot News

Aliko Dangote’s refinery just raised fuel prices by up to 34%. Here is why it had no choice

Aliko Dangote’s refinery raises petrol and diesel prices up to 34% as Iran conflict pushes crude higher, reflecting Nigeria’s market-driven fuel pricing shift.

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ORA Developers UAE expansion
BusinessHot News

IFC considers $40 million loan for Sawiris family’s Nile Sugar expansion in Egypt

IFC considers $40 million loan to support Sawiris family’s Nile Sugar expansion, boosting Egypt’s beet farming, supply chains, and domestic sugar production.

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Africa’s largest agribusiness companies
BusinessHot News

50 largest listed agribusiness companies in Africa

Shore Africa profiles 50 of Africa’s biggest listed farms and agribusinesses powering food production, exports and rural employment.

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Pan African shifts to London Main Market
BusinessHot News

Pan African Resources expands Australia presence with $218 million acquisition

Pan African Resources to buy Emmerson Resources for $218 million, consolidating Tennant Creek gold assets in Australia.

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Crookes Brothers leadership loss
BusinessHot News

Africa’s leading farm, Crookes Brothers, mourns loss of CFO and director Farzanah Mall

Crookes Brothers mourns CFO Nigel Naidoo and director Farzanah Mall, honoring their leadership in governance, risk oversight, and financial stewardship.

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Absa Kenya asset financing for SMEs
BusinessHot News

Kenyan tycoon Baloobhai Patel set for $1.6 million Absa Kenya dividend

Kenyan investor Baloobhai Patel is set to earn $1.6 million after Absa Bank Kenya declared a higher dividend following stronger earnings.

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Absa Kenya 2025 profit
BusinessHot News

Absa Kenya posts $177.9 million profit in 2025 amid digital growth

Absa Kenya posts $177.9 million profit in 2025, boosted by digital growth, lower credit costs, and disciplined cost management.

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City Lodge Newtown hotel closure
LuxuryHot News

City Lodge to close Newtown hotel in Johannesburg by March 2026

City Lodge will close its 148-room Newtown hotel in Johannesburg by March 2026 as the group streamlines its portfolio and focuses on long-term returns.

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MTN IHS Towers acquisition
BusinessHot News

MTN’s $6.2 billion IHS takeover could deliver $9.2 million to Bashir Ahmad El-Rufai

Bashir Ahmad El-Rufai could earn $9.2 million if MTN Group completes its $6.2-billion acquisition of telecom tower giant IHS Towers.

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Ngugi Kiuna Heineken lawsuit
BusinessHot News

Kenyan tycoon Ngugi Kiuna wins over $11 million court order against Heineken

Kenyan businessman Ngugi Kiuna wins major court order forcing Heineken to guarantee $11.4 million in a decade-long distribution dispute.

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