Tag: Featured

Hot NewsBusiness

Naspers tops Gold Fields to regain Africa’s most valuable company title with $42 billion market cap

Naspers regained its position as Africa's most valuable listed company with a $42 billion market capitalization, overtaking Gold Fields.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

South Africa’s Stor-Age to acquire Xtraspace portfolio in $24 million expansion drive

Stor-Age acquires 10 Xtraspace properties for $24 million, expanding footprint and boosting earnings across South Africa’s key urban markets.

Feyisayo Ajayi Feyisayo Ajayi
Datatec Westcon refinancing
Hot NewsTechnology

Datatec expands cybersecurity footprint with Loial acquisition in U.S. Southwest

Datatec expands cybersecurity reach with Loial acquisition, boosting Logicalis USA presence in New Mexico and Southwest markets.

Feyisayo Ajayi Feyisayo Ajayi
Mfundo Nkuhlu
BusinessHot News

Nedbank’s operations chief Mfundo Nkuhlu to retire after over two decades of leadership

Nedbank COO Mfundo Nkuhlu will retire in 2026 after over two decades, marking a major leadership shift at the South African banking group.

Feyisayo Ajayi Feyisayo Ajayi
Haruna Musa, Jaiz Bank CEO
BusinessHot News

Jaiz Bank delivers $11 million profit in H1 2026 as revenue growth offsets rising costs

Jaiz Bank posts $11 million H1 2026 profit as revenue growth offsets rising costs, highlighting steady Islamic finance momentum in Nigeria.

Feyisayo Ajayi Feyisayo Ajayi
Olukayode Fadahunsi
Hot NewsBusiness

Meet Kayode Fadahunsi, founder of AVA Capital, holding over $20 million stake after NGX listing

Olukayode Fadahunsi leads AVA Capital’s NGX debut, securing a $21 million stake as the firm transitions into Nigeria’s public markets.

Feyisayo Ajayi Feyisayo Ajayi
World's richest person Elon Musk.
BillionairesBusinessHot News

From over $1.3 trillion, Elon Musk’s net worth slips below $700 billion

Elon Musk's net worth fell below $700 billion as a SpaceX share selloff and weak Tesla earnings erased $636 billion from his fortune in 47 days.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBusiness

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $1.2 billion assets as profits surge

Abdul Samad Rabiu’s BUA Foods crosses $1.2 billion in assets while net income surges 12 percent despite softer consumer demand.

Omokolade Ajayi Omokolade Ajayi
Cape Town, South Africa.
TourismHot NewsLuxury

South Africa welcomes 5.58 million foreign visitors in first half of 2026

South Africa welcomed 5.58 million foreign visitors in the first half of 2026 as arrivals rose 12.3 percent, boosting tourism and travel.

Omokolade Ajayi Omokolade Ajayi
Taiwo Afolabi
BusinessHot News

Nigerian tycoon Taiwo Afolabi’s stake in SAHCO gains $65 million in 2026

Nigerian logistics tycoon, Taiwo Afolabi and wife gain $65 million as SAHCO stake surges over 90%, lifting valuation past $130 million on strong investor demand.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

First HoldCo leans on trading gains, lower loan losses as core income weakens in H1 2026

First HoldCo leans on trading gains and lower loan losses as core income weakens, raising concerns about earnings sustainability.

Feyisayo Ajayi Feyisayo Ajayi
Alios Finance acquisition impact
BusinessHot News

Alios Finance Cameroon targets full bond subscription with $12 million anchor investment

Alios Finance Cameroon may secure over half its bond via IFC’s $12 million anchor investment, boosting confidence in full subscription.

Feyisayo Ajayi Feyisayo Ajayi