Tag: Featured

Preem 1
Hot NewsTechnology

Swedish energy giant Preem commits $279 million to renewable fuel transition in 2024

Preem invests $279 million in renewable fuel expansion, cutting emissions by 700,000 tons in 2024 as part of its drive to slash carbon output 90% by 2035.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigeria’s NNPC moves closer to landmark IPO, but timeline unclear

The move aligns with Nigeria’s Petroleum Industry Act (PIA) of 2021, which mandates that NNPC list its shares on the stock market.

Omokolade Ajayi Omokolade Ajayi
Dangote Cement Factory
BusinessHot News

Nigeria’s Ogun State, set to become Africa’s largest cement-producing region

At a Glance Ogun State is on track to become Africa’s top cement-producing state or region, bolstered by the expansion of Dangote Cement, the continent’s leading cement producer. Africa’s richest man, Aliko Dangote, reaffirmed this vision during a visit to the $800 million Itori cement factory, which is expected to be completed by November 2026. Dangote Cement expands production in…

Omokolade Ajayi Omokolade Ajayi
Safaricom as premier
BusinessHot News

Safaricom nears $5.5 billion valuation, holds position as East Africa’s most valuable firm

Safaricom nears a $5.5 billion valuation, cementing its dominance on the Nairobi bourse as M-PESA expansion and Ethiopian growth fuel investor confidence.

Feyisayo Ajayi Feyisayo Ajayi
MTN
BusinessHot NewsTechnology

South Africa becomes MTN’s biggest market as Nigeria revenue, earnings decline

The shift highlights the economic and regulatory pressures hampering telecom operations in Africa’s most populous country.

Omokolade Ajayi Omokolade Ajayi
Nairobi Stock Exchange
BusinessHot News

Top 25 most valuable stocks on Nairobi Stock Exchange

Shore Africa ranks the 25 most valuable stocks on the NSE, where Safaricom, Equity Group, and EABL dominate a $15.72 billion market shaping Kenya’s investment landscape.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian Exchange
BusinessHot News

Top 30 most valuable stocks on the Egyptian Exchange

Egypt's top 30 stocks dominate 71.57% of EGX’s market cap, spanning banking, real estate, consumer goods, and industrials, reflecting the nation’s economic strength.

Feyisayo Ajayi Feyisayo Ajayi
Tshepo Mahloele Capitec Bank stake
BusinessHot News

South African tycoon Tshepo Mahloele’s Capitec Bank stake slips after $1.5 billion milestone

Tshepo Mahloele’s Capitec Bank stake fell $95 million in less than a month after hitting a $1.5 billion high, as shares declined 6.36% on the JSE.

Feyisayo Ajayi Feyisayo Ajayi
Cybersecurity
BusinessHot News

Africa’s top 10 nations leading in cybersecurity

Africa’s top 10 cybersecurity leaders fortify digital defenses, combat cyber threats, and foster global partnerships to enhance resilience in the evolving digital landscape.

Feyisayo Ajayi Feyisayo Ajayi
Allan Gray City Lodge Hotels stake
BusinessHot News

Allan Gray raises stake in African Rainbow Minerals to $96.2 million

Allan Gray lifts its stake in African Rainbow Minerals to $96.2 million, signaling confidence in the miner despite falling earnings and weak commodity prices.

Feyisayo Ajayi Feyisayo Ajayi
Da res Salaam Stock Exchange
BusinessHot News

Top 10 most valuable stocks on Dar es Salaam Stock Exchange

Tanzania’s top 10 most valuable stocks on the DSE span banking, telecom, and consumer goods, offering strong market positions and compelling investment opportunities.

Feyisayo Ajayi Feyisayo Ajayi
Papa kwesi Nduom
BusinessHot News

One of Ghana’s most diversified business moguls, Papa Kwesi Nduom and his business empire

Papa Kwesi Nduom, an economist and entrepreneur, built Groupe Nduom into a business empire spanning finance, media, and real estate, shaping Ghana’s corporate landscape.

Feyisayo Ajayi Feyisayo Ajayi