Tag: Featured

Amadou Diallo, Senegalese executive and CEO of Aramex.
BusinessGlobal NewsHot News

Senegalese executive Amadou Diallo named CEO of logistics giant Aramex

Amadou Diallo takes over as Aramex CEO as the $1.73 billion logistics group seeks steadier earnings and growth.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Egypt increases gas prices for industries as energy costs fluctuate

Egypt raises natural gas prices for key industries as it adjusts subsidies and manages rising energy import costs under IMF program.

Omokolade Ajayi Omokolade Ajayi
Marvin Ellison Lowe’s compensation
BusinessHot News

Marvin Ellison earns $22 million as Lowe’s CEO, cementing position among top Black executives

Marvin Ellison earns $21.6 million in 2025 as Lowe’s posts strong revenue growth, reflecting performance-linked executive compensation.

Feyisayo Ajayi Feyisayo Ajayi
Spear REIT investment
BusinessHot News

PIC joins top investors in Spear REIT, acquires $22 million stake

PIC has acquired a $22 million stake in Spear REIT, securing 6.557% holding and ranking among top five shareholders in a regulatory filing.

Feyisayo Ajayi Feyisayo Ajayi
FDH Bank profit growth
BusinessHot News

Malawi’s FDH Bank posts $85 million profit amid Mozambique expansion

FDH Bank profit nearly doubles to $85 million in 2025, driven by strong lending growth, rising interest income and regional expansion push.

Feyisayo Ajayi Feyisayo Ajayi
Salungano $182 million revenue coal output
BusinessHot News

South Africa’s Salungano reports $182 million revenue on stronger coal output

Salungano reports $182 million revenue as coal output and sales surge, boosting profit and strengthening balance sheet.

Feyisayo Ajayi Feyisayo Ajayi
Rocking the Daisies 2026 lineup
EntertainmentHot News

Jorja Smith to headline Rocking the Daisies 2026 festival in Cape Town

Jorja Smith will headline Rocking the Daisies 2026 in Cape Town, marking her first South Africa show as organizers unveil the festival lineup.

Feyisayo Ajayi Feyisayo Ajayi
Lanzerac Estate forfeiture dispute
BusinessHot News

Lanzerac Estate sues Apex Bank over $13 million forfeiture tied to Former Steinhoff CEO Markus Jooste

Lanzerac Estate contests SARB’s $13 million forfeiture tied to Jooste-era transactions, raising constitutional questions in Gauteng High Court case

Feyisayo Ajayi Feyisayo Ajayi
Stephen Saad Aspen stake
BillionairesBusinessHot News

South African billionaire Stephen Saad’s Aspen stake nears $500 million after turbulent year

Stephen Saad’s Aspen stake rises $87 million to nearly $500 million as shares rebound after regulatory setbacks and losses.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

After $555 million profit, Equity targets Angola, Zambia, Mozambique acquisitions

After over $555 million profit in 2025, Equity Group eyes Angola, Zambia and Mozambique acquisitions as regional expansion accelerates.

Omokolade Ajayi Omokolade Ajayi
Michael Ade-Ojo Custodian stake
BusinessHot News

Nigerian auto magnate Michael Ade-Ojo’s stake in Custodian Investment tops $70 million

Michael Ade-Ojo’s stake in Custodian Investment surpasses $70 million as dividend strength fuels rising investor demand on Nigeria’s stock market.

Feyisayo Ajayi Feyisayo Ajayi
MTN Group logo, representing the pan-African telecom operator.
BusinessHot NewsTechnology

MTN Nigeria’s Q1 2026 profit nearly triples to $258 million on data demand surge

MTN Nigeria's Q1 2026 profit nearly triples to $258 million as data demand, revenue and network investment drive strong growth.

Omokolade Ajayi Omokolade Ajayi