Tag: Featured

BusinessHot News

South African billionaire Christo Wiese-linked entities execute $57 million Shoprite share-swap

Wiese-linked entities execute $57 million Shoprite share swap, expanding derivatives exposure tied to Africa’s largest retailer.

Feyisayo Ajayi Feyisayo Ajayi
Safaricom 25-year licence Kenya
BusinessHot NewsTechnology

Safaricom posts $570.7 million profit as Ethiopia expansion drives growth in 2026

Safaricom reports $570.7 million profit as Ethiopia expansion and M-PESA growth lift revenue to $3.31 billion for FY26, data growth rise trend

Feyisayo Ajayi Feyisayo Ajayi
IHS Towers Brazil fiber sale
BusinessHot NewsTechnology

Sam Darwish’s IHS Towers closes $452.6 million Brazil fiber asset sale

IHS Towers sells $452.6 million Brazil fiber stake to TIM, sharpening focus on higher-margin telecom infrastructure assets.

Feyisayo Ajayi Feyisayo Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

DTB completes $9.8 million Burundi sale, ends 16-year market presence

Diamond Trust Bank sells 83.67% Burundi stake for $9.8 million, exiting the market after 16 years and reshaping its regional strategy.

Omokolade Ajayi Omokolade Ajayi
ADvTECH $1.5 billion market cap
BusinessHot News

ADvTECH, Africa’s largest private education provider, tops $1.5 billion market cap

ADvTECH tops $1.5 billion market cap as student demand, acquisitions and strong earnings lift Africa’s largest private education group.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s second-richest man, Nicky Oppenheimer.
BillionairesBusinessHot News

South African billionaire Nicky Oppenheimer rebounds with $1.6 billion gain

Nicky Oppenheimer adds $1.6 billion in five weeks as private investments drive wealth recovery across Africa, Asia, and global markets.

Omokolade Ajayi Omokolade Ajayi
MTN Uganda Head office
BusinessHot News

MTN Uganda Q1 profit falls to $46 million amid election internet shutdown

MTN Uganda Q1 profit slips 3.8% to $46 million as election disruptions, investments, and currency pressures weigh on earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Yasseen Mansour’s Palm Hills stake nears $100 million as Egypt property stocks rally

Yasseen Mansour’s Palm Hills stake nears $100 million as shares surge, driven by strong earnings and rising investor demand for Egypt property stocks.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BillionairesBusinessHot News

Aliko Dangote refinery drives petrol prices up 82 percent in Nigeria this year

Aliko Dangote’s $20 billion refinery lifts petrol prices 82 percent in 2026, reshaping Nigeria’s fuel supply as costs climb.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

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
Agritech Kenya
BusinessHot News

Apollo Agriculture gets $2.1 million to finance 24,000 Kenyan farmers

Apollo Agriculture secures $2.1 million in local currency debt to fund 24,000 Kenyan farmers via securitised buy-now-pay-later model financing

Feyisayo Ajayi Feyisayo Ajayi
Arno Daehnke Standard Bank pay
BusinessHot News

South African executive Arno Daehnke takes $4.9 million pay from Standard Bank in 2025, to retire in 2027

Arno Daehnke earned $4.9 million in 2025 as Standard Bank posted strong growth ahead of his planned 2027 retirement.

Feyisayo Ajayi Feyisayo Ajayi