Tag: Featured

Co-op Bank Q1 2026 profit
BusinessHot News

Co-op Bank shatters records with $230 million profit under Gideon Muriuki

Co-op Bank posts record $230 million profit as income rises, efficiency improves and dividend payout jumps sharply in 2025.

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BusinessExclusiveHot News

Nigeria’s Zedvance targets $185 million in business loans by 2026

Zedvance targets $185 million in business loans by 2026 to boost Nigerian SMEs and expand credit access.

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Novus Holdings asset disposal
BusinessHot News

South Africa’s Novus Holdings sells KwaZulu-Natal property assets in $5.4 million disposal

Novus Holdings sells KwaZulu-Natal assets for $5.4 million, exiting non-core properties to refocus capital on core operations.

Feyisayo Ajayi Feyisayo Ajayi
Clive Calder net worth 2026
BillionairesHot News

South African-British billionaire Clive Calder loses $170 million in 2026

Clive Calder’s net worth falls $170 million in 2026, driven by weaker asset valuations, though he remains among the world’s richest.

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SPAR moves to rebuild revenue
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South Africa’s SPAR moves to cut jobs amid weak sales and rising costs

SPAR Group introduces retrenchments and cost-saving measures to strengthen operations amid weak trading conditions.

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Sirius Real Estate
BusinessHot News

Sirius Real Estate secures $346 million revolving credit facility to boost acquisitions

Sirius Real Estate secures $346 million revolving credit facility, boosting acquisitions and strengthening financial flexibility across Europe.

Feyisayo Ajayi Feyisayo Ajayi
Michiel Le Roux Capitec stake loss
BillionairesHot News

South African billionaire Michiel Le Roux loses $422 million on Capitec Bank stake

Michiel Le Roux loses $422 million as Capitec shares slide on JSE, cutting stake value amid market volatility.

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Nigerian executive Owen Omogiafo says government’s commitment to energy debt promises gains for Transcorp

Nigeria’s plan to settle energy debt could strengthen Transcorp, improving operations and funding growth in power and energy infrastructure.

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Ghanaian businessman bids to take over gold mine from Africa’s biggest miner

Ibrahim Mahama bids to take control of Ghana’s Damang gold mine, backed by a $205 million loan to expand operations.

Omokolade Ajayi Omokolade Ajayi
Supermarket Income REIT refinancing
BusinessHot News

Supermarket Income REIT expands $583 million facility to refinance debt

Supermarket Income REIT expands £437 million ($583.24 million) loan to refinance debt, boosting liquidity and strengthening its grocery property portfolio.

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South Africa’s Vukile buys $202 million stake in Barcelona mall

Vukile acquires a $202 million stake in Barcelona’s Splau mall, partnering with Unibail-Rodamco-Westfield to grow in Spain.

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Ezz Steel Algeria expansion
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Elsewedy Electric deepens Saudi Arabia push with $3 billion project pipeline

Elsewedy Electric deepens Saudi Arabia push with $3 billion projects as international revenue climbs to 70% of total.

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