Feyisayo Ajayi

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2125 Articles
Shoprite Holdings, Africa’s largest retailer
Hot NewsBusiness

Shoprite posts $8.6 billion revenue in H1 2026

Shoprite Holdings posts $8.6 billion H1 2026 revenue, up 7.2%, as Christo Wiese-backed retailer expands market share.

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Zimbabwe outbound travel to South Africa
Hot NewsTourism

Zimbabwe’s economic crisis fuels record travel to South Africa

Zimbabwe’s outbound trips to South Africa in 2024 underscore currency instability, inflation and weakening investor confidence.

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Aliko Dangote, Africa’s richest man
BusinessHot News

Dangote Cement pays $380 million in taxes in 2025

Dangote Cement paid $380 million in 2025 taxes as profit topped $730 million and revenue surged 20%, underscoring record earnings.

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Oriental Weavers 2025 profit
BusinessHot News

Egypt’s Oriental Weavers posts $45 million in profits in 2025

Oriental Weavers posts $45 million profit in 2025 as revenue rises 10% despite margin pressures.

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Prudential ICEA Lion stake sale
BusinessHot News

Prudential sells 24.1% ICEA portfolio acquired from Ndegwa family in 2021

Prudential will exit ICEA Lion, selling its 24.1% stake acquired in a $18.6 million Ndegwa family deal, pending approvals.

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Breadfast $50 million funding
BusinessHot News

Saudi billionaire-backed Breadfast targets Egypt grocery dominance

Breadfast secures $50 million from Mubadala and a Saudi billionaire family to accelerate Egypt e-commerce expansion.

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Aliko Dangote, Africa’s richest man
BusinessHot News

Aliko Dangote’s cement business hauls in $3.2 billion revenue in 2025

Dangote Cement posts $3.16 billion revenue in 2025, with record profit $745.5 million, driven by Nigeria, efficiency, and Pan-African growth

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MTN Nigeria tax bill 2025
BusinessHot News

MTN Nigeria pays $429.7 million to Nigeria’s federal government as tax in 2025

MTN Nigeria posts $429.7 million tax bill in 2025 as new tax law drives higher levies despite profit rebound.

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Africa luxury spas
LuxuryHot News

10 star-studded spas in Africa redefining luxury wellness

Africa’s star-studded spas blend indigenous rituals, sustainability and ultra-luxury to reshape the global wellness economy.

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Champion Breweries Bullet acquisition
BusinessHot News

How a low-profile Nigerian brewer is quietly building a cross-border African beverage empire

Champion Breweries acquires Bullet portfolio for $29.4 million, expanding into 14 African markets and high-growth Ready-to-drink categories.

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IFC backs Morocco microloans
Hot NewsBusiness

Morocco’s Fondation Arrawaj gets $15 million IFC microloan

IFC proposes $15 million loan to Morocco’s Arrawaj, boosting microenterprise lending and financial inclusion for MSMEs and women-owned businesses.

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B Investments Brown Nose Coffee acquisition
BusinessHot News

Egypt’s B Investments moves to acquire controlling stake in Brown Nose Coffee

B Investments plans phased deal to secure majority stake in Brown Nose Coffee, deepening exposure to Egypt’s fast-growing consumer sector.

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