Tag: Featured

Ecobank
BusinessHot News

After $594 million profit Ecobank targets $350 million debt raise, sustainability

Ecobank is tapping global debt markets with a $350 million Tier 2 issuance to refinance existing notes and fund sustainability-linked financing across Africa.

Omokolade Ajayi Omokolade Ajayi
Vhernier boutiques China expansion
Hot NewsLuxury

Richemont expands Vhernier luxury boutiques in China

Richemont opens Vhernier boutiques in Beijing and Shanghai, deepening push as luxury demand grows in China, expanding its Asia strategy.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement
BusinessHot News

Dangote Cement becomes Nigeria’s most valuable company as London listing looms

Dangote Cement becomes Nigeria’s most valuable listed company with a $13.4 billion market cap share surge aligns with London listing plans under consideration.

Omokolade Ajayi Omokolade Ajayi
IFC Bank of Africa DRC
BusinessHot News

Bank of Africa DRC gets $5 million IFC-backed trade finance facility

IFC weighs $5 million trade finance facility for Bank of Africa DRC to boost SME imports, exports, and ease Congo’s trade funding gap.

Feyisayo Ajayi Feyisayo Ajayi
Admaius Africa growth fund
BusinessHot News

Rwanda-based Admaius launches $500 million for African equity expansion

Admaius launches $500 million African growth fund as IFC weighs $25 million backing for expansion across key sectors and major markets.

Feyisayo Ajayi Feyisayo Ajayi
Peter Ndegwa, CEO of Safaricom.
BusinessHot NewsTechnology

Kenyan court orders Safaricom to pay software developer $10.8 million in M-Pesa copyright case

Kenyan court orders Safaricom to pay software developer $10.8 million (Ksh1.4 billion) over M-Pesa child wallet copyright case.

Omokolade Ajayi Omokolade Ajayi
AngloGold Ashanti buyback
BusinessHot News

AngloGold Ashanti opens 2026 with $1.5 billion profit, unveils $2 billion buyback

AngloGold Ashanti Plc. posts $1.2 billion record cash flow, unveils $2 billion buyback as gold prices surge

Feyisayo Ajayi Feyisayo Ajayi
Nedbank NCBA takeover offer
BusinessHot News

NCBA shareholders to get $16.3 cash plus Nedbank shares under $856 million takeover offer

Nedbank advances NCBA takeover, offering shareholders cash payouts and Johannesburg-listed shares under proposed acquisition.

Feyisayo Ajayi Feyisayo Ajayi
African billionaires: Nassef, Patrice and Johann
BusinessSports

Africa’s richest club owners influence global football industry

Africa’s richest football club owners, from Motsepe to Sawiris, reshaping African football through major global investments and clubs.

Timilehin Adejumobi Timilehin Adejumobi
Sibanye-Stillwater bond offering
BusinessHot News

South Africa’s Sibanye-Stillwater targets lower debt with $500 million bond offering

Sibanye-Stillwater launched a $500 million bond offering to cut debt and strengthen balance sheet flexibility.

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire to pocket $2 million interim dividend from MTN

Charles Mbire set to receive $2.02 million dividend from MTN Uganda as revenue hits $243 million and profit stands at $46 million.

Omokolade Ajayi Omokolade Ajayi
African Rainbow Minerals executives
BusinessHot News

ARM top executives offload $3.1 million in shares following Patrice Motsepe’s retirement

ARM executives sell $3.1M in shares after Motsepe’s chairman transition, signaling governance shift and investor scrutiny.

Feyisayo Ajayi Feyisayo Ajayi