Tag: Business

Ugandan tycoon Ponsiano Ngabirano
BusinessCompaniesHospitalityHot News

Ugandan tycoon Ponsiano Ngabirano’s Marriott Hotel valued at $166M after pension deal

Ponsiano Ngabirano’s Kampala Marriott Hotel is valued at $166 million after Uganda’s NSSF invested $50 million for a 30% stake.

Omokolade Ajayi Omokolade Ajayi
Gauteng-based private equity leader Tomi Amosun
InvestmentsBusinessCompaniesHot News

Tomi Amosun-led Summit Africa backs South African agtech firm targeting $30.2B industry

Summit Africa acquires a 40% stake in Virtual Farmer, backing farm financing across Southern Africa’s $30.2 billion agricultural sector.

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

Nigeria’s Dangote Group amasses world’s largest fleet of 7,000 heavy machines

Dangote Group now commands the world’s largest fleet of nearly 7,000 heavy machines, driving massive refining projects across Africa.

Omokolade Ajayi Omokolade Ajayi
South African executive Rui Morais
CompaniesExecutivesHot News

Dis-Chem CEO Rui Morais sets sights on growth and wider healthcare access

Dis-Chem CEO Rui Morais is expanding retail and wholesale operations, lifting revenue to $2.64 billion while investing to widen South African healthcare access.

Omokolade Ajayi Omokolade Ajayi
Nigerian tycoon Kola Karim
BillionairesBusinessHot News

Fresh off $500 million oil backing, Kola Karim urges African infrastructure push

Shoreline Group Chairman Kola Karim secures $500 million from Qatar for OML 30 drilling and calls for accelerated investment in African trade corridors.

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Eskom
CompaniesHot News

South Africa marks 500 days without power cuts as Eskom turnaround takes hold

South Africa has crossed a milestone once thought out of reach: 500 consecutive days without rolling blackouts.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesCompaniesHot News

Nigerian billionaire Tony Elumelu deepens grip on Seplat Energy with $59.7 million share buy

Tony Elumelu lifts his Seplat Energy stake to 126.4 million shares worth $1.26 billion through a fresh $59.7 million share acquisition.

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Muibi Kehinde Hammed
BusinessCompaniesExecutivesHot News

Nigerian founder Muibi Kehinde Hammed leads MKH Properties to record N10 billion market win

MKH Properties, led by Muibi Kehinde Hammed, raises over N10 billion ($7.5 million) in its debut commercial paper issue to fuel real estate expansion.

Omokolade Ajayi Omokolade Ajayi
Nigerian energy tycoon Wale Tinubu
BusinessEnergyHot News

Oil mogul Wale Tinubu makes bold pitch for Nigeria’s $6.4 billion creative industry

Wale Tinubu urges global investors to fund Nigeria’s $6.4 billion creative economy, citing surging global demand for African music and culture.

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Nigerian billionaire Tony Elumelu
BillionairesHot News

Nigerian billionaire Tony Elumelu urges global shift from foreign aid to investment

At UNGA, Tony Elumelu urged global leaders to replace foreign aid with direct investment, highlighting $4.2 billion generated by African startups.

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Aliko Dangote, Africa's richest man and Dangote group President
BillionairesCompaniesHot News

Africa’s richest man Aliko Dangote targets $36 billion revenue in 2026

Aliko Dangote’s conglomerate targets $36 billion in revenue for 2026, doubling its 2025 earnings behind aggressive refining and energy expansion.

Omokolade Ajayi Omokolade Ajayi
Kenyan tycoon Peter Muthoka
MiningEntrepreneursHot News

Kenyan tycoon Peter Muthoka pockets $19 million from airport cargo business

Kenyan tycoon Peter Muthoka pockets $19 million from the sale of his airport cargo business to Celebi Cargo GmbH.

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