Tag: Featured

Transpaco Premier Plastics acquisition blocked
BusinessLuxury

Competition Commission blocks Transpaco’s $8 million Premier Plastics acquisition

South Africa’s Competition Commission blocks Transpaco’s R128 million ($7.98 million) Premier Plastics acquisition, stalling retail plastics expansion.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

Tony Elumelu honours Chief Ogbue’s legacy in Africa’s transformative banking era

Nigerian billionaire Tony Elumelu honors Chief Ogbue, reflecting on his leadership and legacy in shaping Africa’s transformative banking era.

Omokolade Ajayi Omokolade Ajayi
Zedekiah Buzeki $93 million debt
BusinessHot News

Kenyan tycoon Zedekiah Buzeki reveals $93 million debt as I&M Bank pressure mounts

Kenyan tycoon Zedekiah Buzeki reveals $93 million debt as lender pressure mounts on his trucking empire amid restructuring.

Feyisayo Ajayi Feyisayo Ajayi
Kenya Pipeline Company IPO
BusinessHot News

Uganda secures $821.8 million stake in Kenya Pipeline IPO stake

Uganda, through the Uganda National Oil Company (UNOC), has secured a $821.8 million stake in the Kenya Pipeline Company (KPC) IPO, marking one of East Africa’s largest cross-border energy investments. The acquisition grants Uganda the right to appoint two directors to KPC’s board, strengthening Kampala’s strategic influence over the region’s petroleum transit infrastructure. The Ksh106 billion ($821.8 million) deal represents…

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

Clean energy push could unlock 32,000 jobs in Mauritius by 2030

World Bank report says clean energy and ocean investment could create 32,000 jobs in Mauritius by 2030.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Days after Spar exit call, South African retail leader Angelo Swartz cites family as priority

South African retail leader Angelo Swartz steps back from Spar to focus on family and oversee a smooth leadership transition.

Omokolade Ajayi Omokolade Ajayi
Baba Ahmadou Danpullo Marble Towers
LuxuryHot News

How Baba Ahmadou Danpullo’s Marble Towers drives hard-currency rental income

Cameroonian richest Baba Ahmadou Danpullo anchors his South African property empire with Johannesburg landmark Marble Towers.

Feyisayo Ajayi Feyisayo Ajayi
TechnologyHot News

After $34 million raise, Terra Industries joins DICON to boost Nigeria’s defense sector

Terra Industries partners with DICON to boost Nigeria’s defense technology, create jobs, and strengthen local production after a $34 million raise.

Omokolade Ajayi Omokolade Ajayi
Business

Ethiopia’s richest man, Mohammed Al Amoudi, loses $270 million in 23 days

Ethiopia’s richest man Mohammed Al Amoudi loses $270 million in 23 days as Preem stake revaluation trims his fortune to $9.13 billion.

Omokolade Ajayi Omokolade Ajayi
BusinessTourism

East Africa’s safari operator, SafariCo, plans $72 million lodge expansion in Tanzania

SafariCo plans $72 million lodge expansion in Tanzania, adding 184 rooms and enhancing guest experience and sustainability.

Omokolade Ajayi Omokolade Ajayi
Rasik Kantaria FMB Capital loss
BusinessHot News

Kenyan investor and banker Rasik Kantaria loses $137 million from FMB Capital stake

Kenyan banker Rasik Kantaria loses $137 million as FMB Capital shares slide on Malawi exchange, trimming stake below $1 billion.

Feyisayo Ajayi Feyisayo Ajayi
Sasol H1 2026 results
BusinessHot News

Sasol posts 52% drop in earnings, revenue hits $7.66 billion in H1 2026

Sasol posts $7.66 billion H1 revenue as earnings drop on softer oil, weaker chemicals margins.

Feyisayo Ajayi Feyisayo Ajayi