Tag: Featured

Desmond de Beer Lighthouse dividend
LuxuryBusinessHot News

South African businessman Desmond de Beer to receive $6.3 million from Lighthouse

South African businessman Desmond de Beer will receive $6.3 million after Lighthouse Properties declared a €30.24 million ($35.2 million) interim dividend payout.

Feyisayo Ajayi Feyisayo Ajayi
Hyprop Hyde Park Corner sale collapse
BusinessHot NewsLuxury

Hyprop top executives forfeit shares after Hyde Park Corner sale collapses

Hyprop executives repay incentives and forfeit shares after failed sale of 50% stake in Johannesburg’s Hyde Park Corner mall collapses.

Feyisayo Ajayi Feyisayo Ajayi
Portside Tower
Hot NewsBusiness

South Africa’s economy grows fastest in three years amid reforms

South Africa’s GDP grew 1.1 percent in 2025, its fastest pace in three years, driven by agriculture, trade, and finance sectors.

Omokolade Ajayi Omokolade Ajayi
Absa Group, South Africa’s third-biggest lender.
BusinessHot News

Absa, South Africa’s third-biggest lender, boosts headline earnings to $1.52 billion

Absa’s headline earnings rise 12% to $1.52 billion, driven by stronger client activity and higher non-interest income.

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

Aliko Dangote’s refinery just raised fuel prices by up to 34%. Here is why it had no choice

Aliko Dangote’s refinery raises petrol and diesel prices up to 34% as Iran conflict pushes crude higher, reflecting Nigeria’s market-driven fuel pricing shift.

Feyisayo Ajayi Feyisayo Ajayi
ORA Developers UAE expansion
BusinessHot News

IFC considers $40 million loan for Sawiris family’s Nile Sugar expansion in Egypt

IFC considers $40 million loan to support Sawiris family’s Nile Sugar expansion, boosting Egypt’s beet farming, supply chains, and domestic sugar production.

Feyisayo Ajayi Feyisayo Ajayi
Africa’s largest agribusiness companies
BusinessHot News

50 largest listed agribusiness companies in Africa

Shore Africa profiles 50 of Africa’s biggest listed farms and agribusinesses powering food production, exports and rural employment.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman Tony Elumelu.
TourismHot News

Billionaire Tony Elumelu takes time off in France’s Biarritz after historic growth across his business empire

Nigerian billionaire Tony Elumelu takes a break in France following major financial gains across banking, energy, and hospitality ventures.

Omokolade Ajayi Omokolade Ajayi
Pan African shifts to London Main Market
BusinessHot News

Pan African Resources expands Australia presence with $218 million acquisition

Pan African Resources to buy Emmerson Resources for $218 million, consolidating Tennant Creek gold assets in Australia.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigerian lender FCMB meets $360 million capital requirement, secures international banking license

FCMB meets $360 million capital requirement, earning an international banking license for global operations.

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Africa’s 23 billionaires gain $20.3 billion; net worth hits $126.7 billion

Africa’s richest 23 gained $20.3 billion, with net worth reaching $126.7 billion as Dangote and Rabiu lead wealth growth.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Shoprite shuts all stores after 20 years despite local takeover

Shoprite Nigeria shuts all Nigerian outlets after two decades, ending local retail operations under Tayo Amusan’s ownership.

Omokolade Ajayi Omokolade Ajayi