Tag: Featured

Stephen Saad Aspen stake
BusinessBillionairesHot News

South African billionaire Stephen Saad’s Aspen stake nears $500 million after turbulent year

Stephen Saad’s Aspen stake rises $87 million to nearly $500 million as shares rebound after regulatory setbacks and losses.

Feyisayo Ajayi Feyisayo Ajayi
Equity Group headquarters in Nairobi, Kenya.
BusinessHot News

After $555 million profit, Equity targets Angola, Zambia, Mozambique acquisitions

After over $555 million profit in 2025, Equity Group eyes Angola, Zambia and Mozambique acquisitions as regional expansion accelerates.

Omokolade Ajayi Omokolade Ajayi
Michael Ade-Ojo Custodian stake
BusinessHot News

Nigerian auto magnate Michael Ade-Ojo’s stake in Custodian Investment tops $70 million

Michael Ade-Ojo’s stake in Custodian Investment surpasses $70 million as dividend strength fuels rising investor demand on Nigeria’s stock market.

Feyisayo Ajayi Feyisayo Ajayi
MTN Group logo, representing the pan-African telecom operator.
Hot NewsBusinessTechnology

MTN Nigeria’s Q1 2026 profit nearly triples to $258 million on data demand surge

MTN Nigeria's Q1 2026 profit nearly triples to $258 million as data demand, revenue and network investment drive strong growth.

Omokolade Ajayi Omokolade Ajayi
Luvuyo Masinda earnings jump
ExecutivesHot News

South African executive Luvuyo Masinda sees earnings jump 251% to nearly $3 million in 2025

Standard Bank executive Luvuyo Masinda’s earnings jumped 251% to $2.66 million in 2025 after his promotion to lead corporate banking.

Feyisayo Ajayi Feyisayo Ajayi
Choppies retail expansion strategy Africa
BusinessHot News

How Choppies’ founder Ramachandran Ottapathu built a regional retail empire across Southern Africa

Retail entrepreneurs can learn scaling discipline from Choppies founder Ramachandran Ottapathu’s mass-market, supply-driven strategy.

Feyisayo Ajayi Feyisayo Ajayi
TPS Eastern Africa
BusinessHot News

Parent of Serena Hotels sees profit decline to $6.1 million as FX gains fade in Kenya

TPS Eastern Africa profit falls 40% to $6.1 million as FX gains fade, while revenue remains stable amid tourism resilience in Kenya.

Feyisayo Ajayi Feyisayo Ajayi
Clientèle buyout offer JSE delisting
BusinessHot News

South Africa’s Clientèle plans JSE exit amid low liquidity with premium share offer

Clientele plans JSE delisting with R19.9 ($1.18) share buyback, offering a 25.47% premium to unlock shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Tshepo Mahloele, the chairperson of Harith General Partners.
BusinessBillionairesHot News

South African billionaire Tshepo Mahloele to pocket $22 million dividend after $840 million stake sale

Tshepo Mahloele eyes $22 million payout as Capitec Bank lifts dividend on strong earnings and rising customer activity.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion this week from BUA Cement shares

Nigerian billionaire Abdul Samad Rabiu gains N2.7 trillion ($1.95 billion) in a week as BUA Cement shares rally on strong earnings.

Omokolade Ajayi Omokolade Ajayi
African tech unicorns
BusinessHot News

10 most valuable companies on Johannesburg Stock Exchange

JSE’s top firms anchor $250 billion in value, driving growth, resilience, and global investor access to Africa’s largest market.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

Seplat Energy’s Q1 2026 profit rises to $37.9 million on higher oil prices

Seplat Energy profit rises to $37.9 million in first quarter 2026 as higher oil prices and stronger output lift revenue to $840.7 million.

Omokolade Ajayi Omokolade Ajayi