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%…

Feyisayo Ajayi Feyisayo Ajayi
MG Developments
BusinessLuxury

MG Developments launches VALO Hospitality, plans $40.6 million hotel expansion

MG Developments launches VALO Hospitality, investing $40.6M to develop six hotels and…

Timilehin Adejumobi Timilehin Adejumobi
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…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

MTN Group forecasts massive rebound after MTN Nigeria posts $820 million profit

MTN Group expects earnings rebound as MTN Nigeria reports $820 million profit…

Omokolade Ajayi Omokolade Ajayi
Naguib Sawiris, chairman ORA Developers
BusinessLuxury

Billionaire Naguib Sawiris: Egypt developers pivot to smaller units amid economic strain   

Egypt developers pivot to smaller, affordable homes as inflation and costs reshape…

Timilehin Adejumobi Timilehin Adejumobi
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…

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement 2025 tax payment
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…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigerian billionaire Adebayo Ogunlesi’s GIP nears deal to acquire power firm AES

Global Infrastructure Partners, founded by Adebayo Ogunlesi, is nearing a deal with…

Omokolade Ajayi Omokolade Ajayi
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…

Feyisayo Ajayi Feyisayo Ajayi
Africa luxury spas
Hot NewsLuxury

10 star-studded spas in Africa redefining luxury wellness

Africa’s star-studded spas blend indigenous rituals, sustainability and ultra-luxury to reshape the…

Feyisayo Ajayi Feyisayo Ajayi
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…

Feyisayo Ajayi Feyisayo Ajayi
IFC backs Morocco microloans
BusinessHot News

Morocco’s Fondation Arrawaj gets $15 million IFC microloan

IFC proposes $15 million loan to Morocco’s Arrawaj, boosting microenterprise lending and…

Feyisayo Ajayi Feyisayo Ajayi