Tag: Featured

Egyptian billionaire Nassef Sawiris.
BusinessHot News

Egypt’s richest man, Nassef Sawiris shifts to non-executive role after 13 years leading OCI Global

Egypt's richest man, Nassef Sawiris will transition from OCI Global executive chairman to non-executive director after 13 years leading the nitrogen producer.

Feyisayo Ajayi Feyisayo Ajayi
GB Corp new subsidiaries
BusinessHot News

Ghabbour family’s GB Corp. to launch three new units, seeks shareholder approval

GB Corp. plans three subsidiaries in technology and investment services, pending shareholder approval at its March 29 extraordinary meeting in Cairo.

Feyisayo Ajayi Feyisayo Ajayi
LuxuryHot News

Mark Zuckerberg, world’s fifth-richest billionaire, buys $170 million Miami mansion

Meta co-founder Mark Zuckerberg acquires a $170 million Miami mansion with pool, dock, and 1,500-gallon aquarium.

Omokolade Ajayi Omokolade Ajayi
Ibnsina Pharma 2025 profit growth
BusinessHot News

Ibnsina Pharma, Egypt’s largest pharmaceutical distributor posts $19 million profit in 2025

Ibnsina Pharma posts $19 million profit in 2025 as revenue jumps 37%, cementing Egypt distribution market dominance.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

South Africa’s $1 billion LNG terminal delayed to 2028 after court disrupts plans

South Africa’s $1 billion LNG terminal at Richards Bay delayed to 2028 after court disrupts Eskom-linked plans.

Omokolade Ajayi Omokolade Ajayi
Egyptian billionaire Nassef Sawiris.
Hot NewsSports

Egyptian billionaire Nassef Sawiris takes Adidas chair, holds $2 billion stake

Egyptian billionaire Nassef Sawiris to chair Adidas, holding $2 billion stake as CEO Bjorn Gulden stays through 2030.

Omokolade Ajayi Omokolade Ajayi
Tony Elumelu Foundation 2026 cohort
BusinessHot News

Tony Elumelu Foundation to disburse nearly $16 million to 3,199 entrepreneurs in 2026 cohort

Tony Elumelu Foundation to disburse nearly $16 million to 3,199 African entrepreneurs in 2026 seed funding rollout.

Feyisayo Ajayi Feyisayo Ajayi
African Rainbow Minerals profit
BusinessHot News

Sanlam commits $196 million for 25% stake in ARC’s diversified investment portfolio

Sanlam Life invests $196 million for 25% of ARC Fund portfolio, deepening ties with Patrice Motsepe’s Ubuntu-Botho.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Africa’s largest telecom operator MTN plans Syria exit, cuts Middle East exposure

MTN Group plans to exit Syria, reducing Middle East exposure, while Nigerian operations boost profits and strengthen earnings.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

South African pharma giant Aspen hit by mRNA contract loss

South African pharma giant Aspen reports weaker results after mRNA contract loss, with commercial growth and debt reduction plans underway.

Omokolade Ajayi Omokolade Ajayi
Steinhoff FSCA $22 million fine
BusinessHot News

Ex-Steinhoff legal chief in Markus Jooste Scandal hit with $22 million fine

South Africa’s FSCA fines former Steinhoff executive Stehan Grobler $22 million over false financial statements.

Feyisayo Ajayi Feyisayo Ajayi
Nedbank NCBA takeover bid
BusinessHot News

Nedbank raises cash offer to $245 million in $856 million NCBA takeover bid

Nedbank lifts cash offer to $245 million in $856 million bid for 66% of NCBA, boosting flexibility for shareholders in cross-border deal.

Feyisayo Ajayi Feyisayo Ajayi