Tag: Featured

Access Bank headquarters in Lagos, corporate headquarters of Access Holdings Plc.
BusinessHot News

Nigeria’s Access Bank to sell foreign units after Central Bank order

Access Bank plans to scale back foreign units after Central Bank of Nigeria caps overseas exposure at 10% of shareholders’ funds.

Timilehin Adejumobi Timilehin Adejumobi
MC Mining KDG $90 million deal
BusinessHot News

South Africa’s MC Mining cedes majority control to KDG in a $90 million deal 

MC Mining hands KDG a 51% stake in a $90 million deal, accelerating development of South Africa’s Makhado coal project.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsLuxury

Mauritius eyes 100 wealthy investors a year with golden visa push

Mauritius plans to attract 100 high-net-worth investors annually through a golden visa requiring at least 1 million dollars in investment.

Omokolade Ajayi Omokolade Ajayi
Warren Buffett, chairman of Berkshire Hathaway and global investor.
BillionairesHot News

World’s richest investor Warren Buffett backs Kenya with $59 million over two years

The latest pledge brings the foundation’s total support to Ksh7.6 billion ($59 million) after the Ksh3.8 billion contribution made last year.

Omokolade Ajayi Omokolade Ajayi
Absa Kenya asset financing for SMEs
BusinessHot News

Absa Kenya plans $774 million asset finance push to spur SME growth

Absa Bank Kenya rolls out $774 million asset finance program to boost SME growth, offering full equipment funding amid tight credit conditions.

Feyisayo Ajayi Feyisayo Ajayi
Presco Plc, Nigeria’s leading palm oil producer.
BusinessHot News

Nigeria’s Presco declares $11 million dividend as 2025 profit hits $88.7 million

Nigeria’s largest palm oil processor, Presco, declares $11 million dividend as 2025 profit rises to $88.7 million on stronger revenue and margins.

Omokolade Ajayi Omokolade Ajayi
Evanson Njenga CFG Isuzu Kenya
ExclusiveHot News

Kenyan businessman Evanson Njenga, prominent Isuzu dealer, dies at 90

Evanson Njenga, founder of CFG and key Isuzu dealer, dies at 90, leaving a four-decade legacy in Kenya’s automotive sector.

Feyisayo Ajayi Feyisayo Ajayi
Aiyesimoju portfolio growth
BusinessHot News

Nigeria’s youngest dealmaker Folasope Aiyesimoju’s portfolio on the Nigerian Exchange nears $200 million

Aiyesimoju’s stakes in UACN, CAP and UPDC near $200 million as dividend demand drives Nigerian equities rally.

Feyisayo Ajayi Feyisayo Ajayi
Edita $9.3 million loan Egypt
BusinessHot News

Egypt’s Edita secures $9.3 million loan to expand production capacity

Edita secures $9.3 million loan to boost production capacity after strong earnings growth and rising demand for packaged foods in Egypt.

Feyisayo Ajayi Feyisayo Ajayi
Jim Ovia, founder and former chairman of Zenith Bank.
BusinessHot News

After growing Zenith Bank to $23 billion in assets, Nigerian banking titan Jim Ovia retires

Jim Ovia retires after growing Zenith Bank to $23 billion in assets, closing a 30-year era that shaped one of Africa’s top lenders.

Omokolade Ajayi Omokolade Ajayi
BillionairesBusinessHot NewsLuxury

Ethiopia’s richest man Mohammed Al-Amoudi plans 10 hotels as wealth tops $9 billion

Mohammed Al-Amoudi plans 10 hotels in Ethiopia as wealth exceeds $9 billion, expanding MIDROC’s hospitality investments.

Omokolade Ajayi Omokolade Ajayi
Africa property companies list
BusinessHot News

10 most valuable real estate companies in Africa

Africa's listed property sector is expanding across markets, led by South African REITs and diversified firms driving urban growth investor returns.

Feyisayo Ajayi Feyisayo Ajayi