Tag: Business

FirstRand
BusinessHot 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 Omokolade Ajayi
BusinessHot 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 Omokolade Ajayi
Dangote Cement Factory
BusinessHot 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 Omokolade Ajayi
MTN
BusinessHot NewsTechnology

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 Omokolade Ajayi
NMB Bank Plc
BusinessHot News

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 Omokolade Ajayi
Naspers
BusinessHot NewsTechnology

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 Omokolade Ajayi
Aerial view of LUX Grand Gaube, Mauritius
BusinessTourism

Paradise under threat: Africa’s safest tourist haven could run out of water by April

If the situation doesn't improve by April, the island could find itself without enough water to sustain its population and vital industries.

Omokolade Ajayi Omokolade Ajayi
Emirates
BusinessHot News

Africa’s biggest Island, Madagascar, sees surge in passenger demand, driven by leisure tourism growth

As the country’s tourism sector continues to rebound post-pandemic, there has been a marked surge in tourist arrivals.

Omokolade Ajayi Omokolade Ajayi
Capitec Bank
BusinessHot News

Capitec Bank: South Africa’s $19 billion retail banking giant with 22.1 million customers

Founded in 2001, Capitec has grown into Africa's largest retail bank by market size, assets, and customer base.

Omokolade Ajayi Omokolade Ajayi
Tyme Group
BusinessHot NewsTechnology

Inside $1.5 billion fintech backed by Africa’s first Black billionaire, shaping the future of global finance

Operating in South Africa, the Philippines, and soon Vietnam, Tyme Group has redefined the banking landscape for emerging markets.

Omokolade Ajayi Omokolade Ajayi
MTN
BusinessHot News

MTN Ghana remains Ghana’s most valuable company with $2.2 billion market cap

This comes despite persistent macroeconomic challenges in 2024, which have strained many businesses in the region.

Omokolade Ajayi Omokolade Ajayi
Tanzania Breweries
BusinessHot News

Tanzania Breweries remains Tanzania’s biggest company, with $1.2 billion market cap

This steady performance underscores the company's resilience, allowing it to hold its top position despite the ongoing economic challenges.

Omokolade Ajayi Omokolade Ajayi