Equity Bank
BusinessHot News

Equity Bank takes control of Glee Hotel over $62 million loan default

Equity Bank takes control of Glee Hotel after a $62 million loan default, reshaping Nairobi’s luxury hospitality sector.

Timilehin Adejumobi Timilehin Adejumobi
Zak Calisto, CEO of Karooooo
TechnologyBusiness

South African tech mogul Zak Calisto’s Karoooo stake tops $1 billion

Karooooo CEO Zak Calisto joins Africa’s billionaire tech founders after his company stake crosses the $1 billion mark.

Timilehin Adejumobi Timilehin Adejumobi
Kemi Badenoch Conservative leader
BusinessGlobal NewsHot News

Kemi Badenoch: Conservative leader rebuilding opposition with a bold pro-investment-first vision for Britain’s future

Kemi Badenoch reshapes UK politics with a pro-investment agenda, positioning Conservatives around growth, capital and long-term economic recovery.

Feyisayo Ajayi Feyisayo Ajayi
EBID approves $417 million for West Africa infrastructure, healthcare projects
BusinessHot News

EBID approves $417 million for West Africa infrastructure, healthcare projects

EBID approves $417 million for West Africa projects, funding infrastructure, healthcare, housing and mining developments across the region.

Oluwatosin Alao Oluwatosin Alao
BusinessHot News

Hammerson’s 2026 divestments hit $100 million at premium to book value

Hammerson’s 2026 divestments reach $100 million, achieving a premium to book value as the firm accelerates capital recycling into core assets.

Feyisayo Ajayi Feyisayo Ajayi
Newlyn Group
BusinessHot News

Newlyn Group secures $305 million Absa CIB backing to expand Africa projects

Newlyn Group logistics infrastructure funding secures $305 million Absa CIB backing to expand South Africa’s industrial projects.

Timilehin Adejumobi Timilehin Adejumobi
Julius Rone
BusinessHot News

Nigerian tycoon Julius Rone’s UTM Offshore clears hurdle for $5 billion gas project

Julius Rone's UTM Offshore secures 15-year gas deal, clearing key hurdle for $5 billion FLNG project and paving way for 2026 final investment decision.

Feyisayo Ajayi Feyisayo Ajayi
Hyprop Investment Limited
BusinessHot News

South Africa’s Hyprop Investments raises $45 million as investors back growth plans

Hyprop Investments raises $45 million to fund retail expansion, renewable energy projects and property growth across Africa and Europe.

Timilehin Adejumobi Timilehin Adejumobi
South Africa's Lowveld Mall
BusinessTourism

South Africa’s Lowveld Mall unveils $4.9 million upgrade near Kruger National Park

Lowveld Mall near Kruger National Park completes a $4.9 million upgrade, adding new retail, entertainment and community spaces in Mpumalanga.

Oluwatosin Alao Oluwatosin Alao
Sean Summers, CEO of Pick n Pay
BusinessHot News

Pick n Pay plans share award for CEO Sean Summers amid turnaround push  

Pick n Pay CEO Sean Summers share award plan links incentives to turnaround targets and Boxer growth by 2029.

Timilehin Adejumobi Timilehin Adejumobi
Tatu City
BusinessHot News

Tatu City ownership battle escalates as court ruling triggers $15 million fallout

Tatu City dispute deepens after court ruling, as minority investors pursue fresh arbitration to salvage stakes amid $15 million fallout.

Feyisayo Ajayi Feyisayo Ajayi
Tanzania strengthens gold reserves as Central Bank buys 28 tons
BusinessGlobal News

Tanzania strengthens gold reserves as Central Bank buys 28 tons

Tanzania's central bank bought 28 metric tons of gold to strengthen foreign reserves, support the shilling and bolster long-term economic stability.

Oluwatosin Alao Oluwatosin Alao