Tag: Featured

MTN Group logo, representing the pan-African telecom operator.
Hot NewsBusiness

MTN Group forecasts massive rebound after MTN Nigeria posts $820 million profit

MTN Group expects earnings rebound as MTN Nigeria reports $820 million profit and free cash flow jumps 215 percent.

Omokolade Ajayi Omokolade Ajayi
Breadfast $50 million funding
BusinessHot News

Saudi billionaire-backed Breadfast targets Egypt grocery dominance

Breadfast secures $50 million from Mubadala and a Saudi billionaire family to accelerate Egypt e-commerce expansion.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man
BusinessHot News

Aliko Dangote’s cement business hauls in $3.2 billion revenue in 2025

Dangote Cement posts $3.16 billion revenue in 2025, with record profit $745.5 million, driven by Nigeria, efficiency, and Pan-African growth

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Nigerian billionaire Adebayo Ogunlesi’s GIP nears deal to acquire power firm AES

Global Infrastructure Partners, founded by Adebayo Ogunlesi, is nearing a deal with EQT to acquire AES Corp. as power demand tied to AI rises.

Omokolade Ajayi Omokolade Ajayi
MTN Nigeria tax bill 2025
BusinessHot News

MTN Nigeria pays $429.7 million to Nigeria’s federal government as tax in 2025

MTN Nigeria posts $429.7 million tax bill in 2025 as new tax law drives higher levies despite profit rebound.

Feyisayo Ajayi Feyisayo Ajayi
Africa luxury spas
LuxuryHot News

10 star-studded spas in Africa redefining luxury wellness

Africa’s star-studded spas blend indigenous rituals, sustainability and ultra-luxury to reshape the global wellness economy.

Feyisayo Ajayi Feyisayo Ajayi
Champion Breweries Bullet acquisition
BusinessHot News

How a low-profile Nigerian brewer is quietly building a cross-border African beverage empire

Champion Breweries acquires Bullet portfolio for $29.4 million, expanding into 14 African markets and high-growth Ready-to-drink categories.

Feyisayo Ajayi Feyisayo Ajayi
IFC backs Morocco microloans
Hot NewsBusiness

Morocco’s Fondation Arrawaj gets $15 million IFC microloan

IFC proposes $15 million loan to Morocco’s Arrawaj, boosting microenterprise lending and financial inclusion for MSMEs and women-owned businesses.

Feyisayo Ajayi Feyisayo Ajayi
B Investments Brown Nose Coffee acquisition
BusinessHot News

Egypt’s B Investments moves to acquire controlling stake in Brown Nose Coffee

B Investments plans phased deal to secure majority stake in Brown Nose Coffee, deepening exposure to Egypt’s fast-growing consumer sector.

Feyisayo Ajayi Feyisayo Ajayi
Africa fine dining restaurants
LuxuryHot News

20 stellar restaurants across Africa

Africa’s top fine-dining restaurants blend heritage, luxury and innovation, redefining global perceptions of the continent’s cuisine.

Feyisayo Ajayi Feyisayo Ajayi
African-owned hotels in Africa
LuxuryHot News

Top 10 African-owned hotels

African-owned hotels redefine African luxury, blending heritage, exclusivity and tourism-driven economic growth.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement boosts Africa production
BusinessHot News

Dangote Cement signs $1 billion expansion deal to boost African production

Dangote Cement signs $1 billion deal to expand production across seven African countries, boosting capacity to 80M tonnes by 2030.

Feyisayo Ajayi Feyisayo Ajayi