Tag: Featured

Anadkat’s FMB Capital stake takes hit
BusinessHot News

Malawi’s richest man, Hitesh Anadkat, loses $290 million from FMB Capital stake

Hitesh Anadkat’s FMB Capital stake drops $290 million as shares slide, testing Malawi’s banking titan amid regional expansion.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
LuxuryHot News

Abdul Samad Rabiu taps Baglietto for superyacht after Bombardier jet order

Abdul Samad Rabiu taps Baglietto for a 60-meter superyacht to his luxury fleet following a Bombardier Global 8000 jet order.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Tullow Oil, partly owned by Beninese-Gabonese billionaire, secures $1.3B debt reprieve

Tullow Oil, partly owned by Beninese-Gabonese oil billionaire Samuel Dossou-Aworet, secures $1.3 billion debt relief to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
Baba Ahmadou Danpullo
BusinessHot News

Meet Cameroon’s richest man, Baba Ahmadou Danpullo, worth $900 million

Cameroon's richest man, Baba Ahmadou Danpullo, leads a vast empire spanning agriculture, telecoms, real estate, and cross-border trade.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Elon Musk, South Africa clash deepens over Starlink, 14,000 users at risk

Starlink dispute in South Africa deepens as 14,000 users risk service cutoff amid regulatory standoff.

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

MTN Nigeria hits $12.1 billion, tops BUA Foods as Nigeria’s most valuable listed company

There is a quiet shift taking place on the Nigerian Exchange, one that says as much about investor conviction as it does about the changing weight of sectors in Africa’s largest economy. MTN Nigeria Communications Plc has moved ahead of BUA Foods Plc to become the most valuable publicly listed company in Nigeria, after a sustained rally that has lifted…

Omokolade Ajayi Omokolade Ajayi
City Lodge Newtown hotel closure
LuxuryBusiness

Top 7 investors of City Lodge Hotels

City Lodge Hotels rebounds post-pandemic with over $124 million revenue, strong institutional backing, and strategic shareholder alignment.

Feyisayo Ajayi Feyisayo Ajayi
Rob Hersov Cape Winelands Airport
LuxuryHot News

Cape Winelands Airport, previously championed by SA billionaire Rob Hersov, nears final approval

Cape Winelands Airport moves toward approval, with construction set for 2026 under RSA Aero leadership after Rob Hersov’s exit.

Feyisayo Ajayi Feyisayo Ajayi
Proparco backs Wema Bank MSME loans
BusinessHot News

Wema Bank secures $5.9 million Proparco guarantee for MSME loans

Proparco partners with Wema Bank to deploy $5.9 million guarantee, boosting Nigerian MSME financing and economic growth.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBusiness

Spar Group CEO Angelo Swartz exits, CFO Reeza Isaacs set to take over

Spar Group CEO Angelo Swartz exits; CFO Reeza Isaacs takes over, inheriting a leaner, more focused retailer navigating tech and competition.

Omokolade Ajayi Omokolade Ajayi
Coris targets Cabo Verde’s top bank
BusinessHot News

Idrissa Nassa’s Coris secures up to $100 million IFC backing for Cabo Verde bank acquisition

Coris Bank secures $100 million IFC loan to acquire 59.8% of Cabo Verde’s BCA, boosting regional banking expansion.

Feyisayo Ajayi Feyisayo Ajayi
Ackerman family empire
BusinessHot News

Top 5 companies powering the Ackerman family empire

Inside the Ackerman empire: Pick n Pay, Boxer and other retail assets shaping South Africa’s consumer economy.

Feyisayo Ajayi Feyisayo Ajayi