Tag: Business

10 African countries hit by Donald Trump’s US travel ban and visa restrictions

Trump expands U.S. visa and travel bans to 10 African countries, sparking diplomatic tensions, immigration barriers, and renewed scrutiny over U.S.-Africa relations.

Omokolade Ajayi June 5, 2025

Africa’s $10 billion giants reshape global investment

Business Hot News

Naspers becomes Africa’s first $50 billion company

Naspers hits $50 billion valuation, driven by Tencent gains, AI momentum, and e-commerce profits—marking a historic first for an African-listed company.

Omokolade Ajayi June 3, 2025

Hot News Business

Attijariwafa bank: Morocco’s biggest company is now worth over $15 billion

Attijariwafa bank posts strong 2024 growth, boosting profits, assets, and market share while solidifying its position as Morocco’s most valuable and influential lender.

Omokolade Ajayi June 2, 2025

Business Hot News

FirstRand tops Capitec to become Africa’s most valuable bank

With a market cap of $22.9 billion, FirstRand overtakes Capitec as Africa’s most valuable bank, driven by strong earnings and disciplined management.

Omokolade Ajayi May 23, 2025

Business Hot News

Nigeria’s NNPC moves closer to landmark IPO, but timeline unclear

The move aligns with Nigeria’s Petroleum Industry Act (PIA) of 2021, which mandates that NNPC list its shares on the stock market.

Omokolade Ajayi March 27, 2025

Business Hot News

Nigeria’s Ogun State, set to become Africa’s largest cement-producing region

At a Glance Ogun State is on track to become Africa’s top cement-producing state or region, bolstered by the expansion of Dangote Cement, the continent’s leading cement producer. Africa’s richest man, Aliko Dangote, reaffirmed this vision during a visit to the $800 million Itori cement factory, which is expected to be completed by November 2026. Dangote Cement expands production in…

Omokolade Ajayi March 22, 2025

Hot News Business Technology

South Africa becomes MTN’s biggest market as Nigeria revenue, earnings decline

The shift highlights the economic and regulatory pressures hampering telecom operations in Africa’s most populous country.

Omokolade Ajayi March 17, 2025

Hot News Business

Tanzania’s biggest bank, NMB, sees $100 million market value increase in first 25 days of 2025

NMB’s broad footprint in Tanzania, with 231 branches, 715 ATMs, and 7.1 million customers, continues to position it as a top player in the region’s banking sector.

Omokolade Ajayi January 26, 2025

Naspers Limited, the Cape Town-based group chaired by Koos Bekker.

Technology Business Hot News

U.S. blacklist of China’s gaming giant wipes out $3.8 billion from Africa’s most valuable company

This decline reflects a ripple effect from Tencent’s own struggles, with the Chinese tech giant’s shares falling over 6 percent since the start of the year.

Omokolade Ajayi January 25, 2025