Tag: Featured

Sim Tshabalala, CEO of Standard Bank Group.
Hot NewsBusinessGlobal News

Sim Tshabalala leads Standard Bank to top spot as Africa’s most valuable bank with $32 billion market cap

Standard Bank becomes Africa’s most valuable bank under South African banking executive Sim Tshabalala as market cap rises above $32 billion.

Omokolade Ajayi Omokolade Ajayi
African tourism revenue 2025
Hot NewsTourism

Top 5 African countries by tourism revenue in 2025

Africa’s tourism revenue surges in 2025, led by Egypt, Morocco, South Africa, Tanzania, and Kenya’s strong recovery and growth.

Feyisayo Ajayi Feyisayo Ajayi
Datatec dividend Jens Montanana
Hot NewsBusinessTechnology

South African tycoon Jens Montanana set for $11 million Datatec dividend

Datatec declares $56.9 million dividend, lifting Jens Montanana’s payout to $11 million after strong 2026 earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank Group
BusinessHot News

How Standard Bank Group quietly anchors Africa’s $16 billion deal economy

Standard Bank is shaping Africa’s $16 billion deal economy, structuring major financings, sovereign issuances and cross-border capital flows.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
Hot NewsBusiness

Nigerian businessman Ladi Jadesimi’s Aradel stake nears $300 million as shares rise

Ladi Jadesimi’s 5.27 percent stake in Aradel has climbed to $295.5 million as shares surge 164 percent in Nigeria’s energy sector rally.

Omokolade Ajayi Omokolade Ajayi
Oriental Weavers reported stronger first-quarter 2026 earnings as exports and lower production costs supported growth at the Egyptian carpet manufacturer.
BusinessHot News

Oriental Weavers Q1 2026 profit rises to $17.1 million on lower costs, higher exports

Oriental Weavers reports first-quarter 2026 profit of $17.1 million as revenue rises and exports strengthen amid lower production costs.

Omokolade Ajayi Omokolade Ajayi
Altron FY2026 earnings results
BusinessHot NewsTechnology

South Africa’s Altron posts $587 million revenue as platform businesses drive $50 million profit 

Altron posts $587 million revenue and $50 million profit for FY ended Feb. 28, 2026 driven by digital platform businesses and recurring revenue growth.

Feyisayo Ajayi Feyisayo Ajayi
Equity Group headquarters in Nairobi, Kenya.
Hot NewsBusiness

Equity Group’s Q1 2026 profit jumps 24 percent to $150 million on regional growth

Equity Group Q1 2026 profit rises 24 percent to $150 million on strong regional banking and digital income growth across East Africa.

Omokolade Ajayi Omokolade Ajayi
4G Capital Group Limited
BusinessHot News

Kenya fintech 4G Capital gets $6.2 million guarantee to expand MSME lending

4G Capital secures a $6.2 million IFC-backed guarantee to expand MSME lending in Kenya, boosting credit access for underserved businesses growth

Feyisayo Ajayi Feyisayo Ajayi
Pick n Pay turnaround strategy
BusinessHot News

Ackerman family-backed Pick n Pay narrows loss to $24 million, raises $435 million to fund turnaround

Pick n Pay narrows loss to $24 million as Boxer drives growth, while a $435 million raise supports its ongoing turnaround.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Dewji, Tanzania’s richest man and CEO of MeTL Group.
Hot NewsBillionairesBusiness

Tanzania weighs takeover of billionaire Mo Dewji’s MeTL tea estates in Mbeya

Tanzania is reviewing options to take over or restructure Mo Dewji’s MeTL tea estates in Mbeya as government talks with the company continue.

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