Tag: Featured

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Algeria, Spain in advanced talks to expand natural gas delivery

Spain and Algeria discuss boosting natural gas supply by 10 percent through the Medgaz pipeline.

Omokolade Ajayi Omokolade Ajayi
Folorunso Alakija, Nigeria’s richest woman and philanthropist.
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Nigeria’s richest woman, Folorunso Alakija, unveils $1 million grant for women

Nigeria’s richest woman, Folorunso Alakija, launches $1 million grant to support women entrepreneurs with training and funding.

Omokolade Ajayi Omokolade Ajayi
Accelerate Property Fund
BusinessHot News

Accelerate Property Fund advances $117 million restructuring, boosts Fourways Mall after Michael Georgiou’s exit

Accelerate Property Fund invests $116.5 million in Fourways Mall upgrades, cuts vacancies, and reshapes retail portfolio after founder exit.

Feyisayo Ajayi Feyisayo Ajayi
Sam Ngumeni, incoming CEO of Woolworths Holdings, awarded $3 million in shares
BusinessHot News

Woolworths awards $3 million shares to incoming CEO Sam Ngumeni

Woolworths grants incoming CEO Sam Ngumeni $3 million in shares with five-year performance targets tied to growth and share price.

Omokolade Ajayi Omokolade Ajayi
IFC SONOCO poultry Guinea
BusinessHot News

Guinean businessman Abdoul Karim Diallo gets $20 million to build country’s first poultry platform

IFC backs SONOCO with $20 million to build Guinea’s first integrated poultry platform, boosting food security and cutting imports.

Feyisayo Ajayi Feyisayo Ajayi
Air Algerie fleet expansion with new aircraft.
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Just as Uganda Airlines gets $113 million, Air Algerie orders 10 Boeing 737 MAX 8

Uganda Airlines secures $113 million funding as Air Algerie orders 10 Boeing 737 MAX 8, signaling African aviation expansion.

Omokolade Ajayi Omokolade Ajayi
Atedo Peterside Stanbic IBTC dividend
BillionairesBusinessHot News

Nigerian tycoon Atedo Peterside’s Stanbic IBTC stake nears $25 million on 2026 share surge

Atedo Peterside’s Stanbic IBTC stake nears $25 million as shares surge, driven by strong earnings and renewed investor demand.

Feyisayo Ajayi Feyisayo Ajayi
Gulf Energy Kenya oilfields
BusinessBillionairesHot News

Gulf Energy clears $30.8 million payment to Tullow, takes helm of Kenya’s oilfields

Gulf Energy completes $30.8 million payment to Tullow, gaining full control of Kenya’s Turkana oilfields and first oil prospects.

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

As petrol rises 84% in Nigeria, Dangote refinery sends fuel to Ghana, 4 others

As petrol rises 84% in Nigeria, Dangote refinery boosts regional exports, shipping 456,000 tonnes of refined fuel to five African nations.

Omokolade Ajayi Omokolade Ajayi
IFC Mali agribusiness financing
BusinessHot News

IFC backs $22 million Mali agribusiness project with blended financing support

IFC plans €13 million ($15 million) financing for Mali wheat mill, boosting food security, local processing and climate-aligned infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Femi Otedola First HoldCo stake
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola, Samuel Babatunde Sule’s First HoldCo stake nears $700 million

Femi Otedola and Tunde Hassan-Odukale’s First HoldCo stake nears $700 million as banking stock rally lifts investor wealth on NGX.

Feyisayo Ajayi Feyisayo Ajayi
I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
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Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

Nairobi-based lender I&M Group posts a $145 million profit in 2025 as total assets reach $5.3 billion.

Omokolade Ajayi Omokolade Ajayi