Tag: Featured

IFC launches $1.76 million program to improve labor standards in Africa’s hotels

IFC launches a $1.76 million advisory program to help African hotels improve labor standards, strengthen HR systems and align with global ESG practices.

Feyisayo Ajayi Feyisayo Ajayi

IFC backs $20 million risk-sharing deal to finance Guinea’s construction firm GPC

IFC plans $20 million risk-sharing deal with Ecobank Guinea to expand financing for construction and mining contractor GPC in Guinea market.

Feyisayo Ajayi Feyisayo Ajayi

Growthpoint Properties reports $403 million revenue as property assets near $10 billion

Growthpoint Properties posts $406 million half-year revenue, interim dividend rises 8.5% on strong SA portfolio performance and strategic acquisitions.

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Hosken Consolidated Investments to sell Kalahari Mall for $48.6 million

Hosken Consolidated Investments agrees $48.6 million sale of Kalahari Mall in Upington, aiming to reduce debt and unlock value for shareholders.

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Tanzania’s first dollar billionaire, Rostam Aziz, acquires majority stake in Nation Media Group

Rostam Aziz, Tanzania’s first dollar billionaire, takes control of Nation Media Group to expand media and regional investments.

Omokolade Ajayi Omokolade Ajayi

Anthony Joshua moves to Dubai even as Iran tensions shake UAE safe-haven status

Boxing star Anthony Joshua moves to Dubai despite regional tensions, joining a growing community of millionaires and billionaires in the UAE.

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Metair Investments Limited reports $1.1 billion revenue in 2025 as AutoZone drives growth

Metair Investments reports $1.1 billion revenue in 2025 as AutoZone expansion, restructuring, and stronger demand lift margins and operating performance.

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Naspers shares rise after 20% slump, market cap hits $44 billion

Shares of Naspers rebound after a 20 percent slump, lifting market value above $44 billion as investor confidence returns.

Omokolade Ajayi Omokolade Ajayi

Remgro sells $300 million FirstRand stake as it exits non-core investment

Remgro sells R4.88 billion ($300 million) FirstRand shares, continuing its strategic exit from the banking giant after the 2020 RMB Holdings unbundling.

Feyisayo Ajayi Feyisayo Ajayi

20 largest listed agribusiness firms in Africa

Africa’s 20 largest listed agribusiness firms power food production, fertilizers, poultry, plantations and exports across major regional markets.

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Beyoncé, Dr. Dre join billionaire ranks as global total climbs to 3,428

Beyoncé and Dr. Dre join 3,428 billionaires worldwide as global wealth climbs to $20.1 trillion, fueled by tech, finance, and entertainment.

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Hilton Nairobi revives conference business after sale attempt falls through

Exterior view of the Hilton Nairobi building in Kenya’s central business district, a landmark property now hosting corporate conferences and events.

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