Tag: Featured

OK Zimbabwe corporate rescue
BusinessHot News

Shoprite, Choppies exits foreshadow turmoil as OK Zimbabwe enters corporate rescue

OK Zimbabwe enters corporate rescue after mounting liquidity strain, echoing Choppies and Shoprite exits.

Feyisayo Ajayi Feyisayo Ajayi
Brait trims Premier stake, raises $63M
BusinessHot News

Brait raises $63 million from Premier Group share sale, trims stake to 24.3%

Brait raises $63 million selling Premier shares, cuts stake to 24.3%, boosting liquidity and portfolio flexibility.

Feyisayo Ajayi Feyisayo Ajayi
Del Monte Kenya IQF line
BusinessHot News

Del Monte Kenya adds $4 million solar-powered IQF line to boost exports

Del Monte Kenya launches $4 million IQF line, boosting frozen fruit exports, smallholder sourcing and solar-powered processing.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Seplat Energy posts $2.73 billion revenue in 2025 on output boost

Seplat Energy reports $2.73 billion revenue in 2025 as offshore and onshore output drive a 144% jump.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest heirs
ExclusiveHot News

Africa’s 20 richest heirs leading billion-dollar empires

Africa’s richest heirs are reshaping billion-dollar empires, driving governance, expansion, and next-generation leadership across industries.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Africa could add $17 billion, 3.3 million jobs by doubling seafood production

Doubling Africa’s seafood production could add $17 billion to GDP and create 3.3 million jobs, boosting the continent’s food sector.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu
Hot NewsBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Cement profit nearly quintuples to $260 million

Nigerian billionaire Abdul Samad Rabiu's posts $260 million profit, up 379%, driven by strong sales and lower foreign exchange losses.

Omokolade Ajayi Omokolade Ajayi
Malawi’s richest investors
BusinessHot News

Malawi’s 20 richest investors and their investments

Malawi’s 15 richest investors shape banking, agriculture, telecoms and infrastructure across one of Africa’s resilient frontier markets.

Feyisayo Ajayi Feyisayo Ajayi
Nassef Sawiris Orascom stake $475 million
Hot NewsBusiness

Nassef Sawiris crosses $10 billion as Orascom stake climbs to $475 million

Nassef Sawiris’ Orascom stake climbs to $475 million after Abu Dhabi shift, lifting his net worth above $10 billion.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Over 400 Nestlé employees in South Africa face layoffs

Nestlé starts layoffs in South Africa, part of a global restructuring affecting 16,000 jobs to boost performance and efficiency.

Omokolade Ajayi Omokolade Ajayi
Vukile Islazul Madrid acquisition
LuxuryHot News

Vukile, led by South African REIT specialists, acquires Islazul Shopping Centre in Madrid

Vukile acquires Madrid’s Islazul Shopping Centre for €202 million ($238.4 million), expanding Castellana’s Iberian retail footprint.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria tax bill 2025
BusinessHot News

Karl Toriola-led MTN Nigeria posts $3.8 billion in revenue, returns to profitability

MTN Nigeria posts $3.8 billion revenue in 2025, reversing losses as data, fintech and FX stability drive profit rebound.

Feyisayo Ajayi Feyisayo Ajayi