Tag: Business

Abdul Samad Rabiu’s son, Khalifa, takes leadership role at BUA Foods

Khalifa Rabiu joins BUA Foods as Chief Officer, driving global procurement, supply chain efficiency, and growth for Nigeria’s $10.6 billion company.

Omokolade Ajayi Omokolade Ajayi

BUA Group founder Abdul Samad Rabiu crosses $10 billion, third Nigerian billionaire to do so

BUA Group’s Abdul Samad Rabiu crosses $10 billion, ranking as Nigeria’s second-richest and boosting industrial growth.

Omokolade Ajayi Omokolade Ajayi

Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique and others

Egyptian entrepreneur Omar Khairy unveils RIGA Holding’s 2026 projects in Sao Tome, Senegal, Mozambique, and across sub-Saharan Africa.

Editorial Team Editorial Team

Nigerian business leader Bella Disu: ‘Say yes now—why readiness is a myth’

Nigerian business leader Bella Disu urges action over waiting, showing readiness emerges through bold choices.

Editorial Team Editorial Team

Globacom marks 22 years of expanding mobile and internet access in West Africa

Globacom celebrates 22 years of expanding affordable mobile and internet access across West Africa, serving over 60 million subscribers.

Oluwatosin Alao Oluwatosin Alao

Vodacom, Africa’s communications giant, hits $15 billion market cap

Vodacom hits $15B market cap, driven by FY2025 growth, pan-African expansion, and rising investor confidence across telecom and fintech sectors.

Omokolade Ajayi Omokolade Ajayi

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 Omokolade Ajayi

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 Omokolade Ajayi

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 Omokolade Ajayi

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

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

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…

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