Tag: Business

The Development Bank of Nigeria (DBN).
Hot NewsBusiness

Nigeria’s DBN pumps $735 million into local businesses, sets sight on 2 million jobs

DBN backs over one million small firms with $735 million, aiming to spark two million new jobs under a fresh five-year strategy.

Omokolade Ajayi Omokolade Ajayi
South African asset manager Ninety One profit.
Hot NewsBusiness

Profits jump at Ninety One as managed assets eclipse $230 billion

Ninety One operating profit rises 12 percent as a landmark Sanlam transaction boosts total assets under management to $230.8 billion.

Omokolade Ajayi Omokolade Ajayi
South African property investment company Putprop Limited.
Hot NewsBusiness

South African property firm Putprop buys Johannesburg retail center for $7.6 million

Putprop expands its Gauteng portfolio with a $7.6 million retail center acquisition in Johannesburg’s Kramerville design and commercial district.

Omokolade Ajayi Omokolade Ajayi
CIEL Group corporate logo representing the Mauritius-based conglomerate operating across hotels, healthcare, finance, and textiles.
Hot NewsBusiness

Mauritius-based CIEL Group posts $652 million revenue in 9M 2026

CIEL Group posts $652.8 million revenue for 9M 2026 as hotels, healthcare and finance offset weaker textiles performance.

Omokolade Ajayi Omokolade Ajayi
Egyptian wheat supply linked to import diversification strategy.
BusinessGlobal NewsHot News

Egypt targets Middle East grain hub amid rising import costs and supply risks

Egypt is expanding its grain trading and storage network to serve Middle East and African markets as import costs rise and supply risks grow.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu’s net worth jumps $606 million in one day, nears $20 billion

Abdul Samad Rabiu’s net worth jumps $606 million in a day to $19.7 billion, driven by strong gains in BUA Cement shares.

Omokolade Ajayi Omokolade Ajayi
IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.
BusinessGlobal NewsHot News

IBL Group, Mauritius’ largest conglomerate, posts $2 billion nine-month revenue

IBL Group posts revenue above $2 billion for nine months to March 2026, with growth across operations and assets reaching $3.04 billion.

Omokolade Ajayi Omokolade Ajayi
Gary Nagle, CEO of Glencore, leading the global mining and commodity trading company.
Hot NewsBillionairesBusiness

South African executive Gary Nagle takes $7.4 million pay from Glencore in 2025

Gary Nagle received $7.47 million pay from Glencore in 2025 as profits rose and copper expansion boosted earnings.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
ExclusiveBusinessHot News

Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

Tony Elumelu urges equal partnerships, jobs, electricity, and infrastructure to unlock Africa’s youth potential at Africa Forward Summit.

Editorial Team Editorial Team
Hot NewsBusiness

African ports miss out as Hormuz disruption reroutes shipping via Cape routes

African ports see minimal gains as Hormuz tensions divert global shipping via Cape routes, extending voyages and reshaping trade flows.

Omokolade Ajayi Omokolade Ajayi
Jim Ovia, founder of Zenith Bank.
Hot NewsBusiness

After growing Zenith Bank to $23 billion in assets, Nigerian banking titan Jim Ovia retires

Jim Ovia retires after growing Zenith Bank to $23 billion in assets, closing a 30-year era that shaped one of Africa’s top lenders.

Omokolade Ajayi Omokolade Ajayi
Amadou Diallo, Senegalese executive and CEO of Aramex.
BusinessGlobal NewsHot News

Senegalese executive Amadou Diallo named CEO of logistics giant Aramex

Amadou Diallo takes over as Aramex CEO as the $1.73 billion logistics group seeks steadier earnings and growth.

Omokolade Ajayi Omokolade Ajayi