Tag: Featured

South African businessman Rian Maartens
Hot NewsBusinessCompanies

South African businessman Rian Maartens’ Ipic buys 16-property Country Hotels

Rian Maartens’ Ipic Properties acquires Country Hotels, adding 16 hotels and lodges across the Western and Northern Cape to its expanding footprint.

Omokolade Ajayi Omokolade Ajayi
BBS Bank Limited
BankingCompaniesHot News

Botswana’s BBS Bank posts $5.2 million half-year loss amid elevated funding costs

BBS Bank recorded a $5.2 million half-year loss amid high funding costs and rising credit impairments as its commercial transition continues.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman Ladi Jadesimi, chairman of Aradel Holdings.
Hot NewsBusinessEnergy

Ladi Jadesimi’s LADOL to develop Liberia’s first major offshore oil logistics base

Ladi Jadesimi’s LADOL will develop Liberia’s first major offshore oil logistics base in Buchanan under a new agreement with the state oil company.

Omokolade Ajayi Omokolade Ajayi
Santam becomes first African insurer to win Lloyd’s of London approval
Hot News

Sanlam offers $1.2 billion to take South Africa’s Santam private

Sanlam has offered $959.2 million to acquire minority shares in South African insurer Santam and take the 1964-listed company private.

Feyisayo Ajayi Feyisayo Ajayi
Gina Szymanski
ExecutivesLatest

Hammerson appoints Gina Szymanski as finance chief effective January 2027 

Hammerson appoints Gina Szymanski as CFO, effective January 2027, as the UK property group targets growth in retail real estate.

Feyisayo Ajayi Feyisayo Ajayi
Bashir Bayo Ojulari
EnergyBusinessCompaniesHot News

Bashir Bayo Ojulari leads Nigeria’s state oil giant NNPC to $5.4 billion profit

NNPC Limited posted a record $5.42 billion profit in 2025 as Bashir Bayo Ojulari led stronger oil and gas production.

Omokolade Ajayi Omokolade Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopian billionaire Mohammed Al-Amoudi’s net worth drops below $10 billion

Mohammed Al-Amoudi’s net worth falls to $9.74 billion as asset valuations decline, while MIDROC targets 120,000 employees and 10 new hotels.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Koos Bekker, chairman of Naspers and Prosus.
BillionairesBusinessHot News

South African billionaire Koos Bekker’s wealth drops by $800 million

Koos Bekker loses $800 million as tech selloffs hit Naspers and Prosus, cutting his fortune down to $3.2 billion.

Omokolade Ajayi Omokolade Ajayi
SPAR moves to rebuild revenue
CompaniesLatest

South Africa’s Peresec raises stake in SPAR by 3 million shares to $54 million

Peresec lifts its SPAR stake by 3 million shares above 10% as the retailer faces falling profits, rising debt and a sharp share-price decline.

Feyisayo Ajayi Feyisayo Ajayi
Janet Waweru Luvai
ExecutivesLatest

Kenyan businessman Simon Wafubwa’s Enwealth appoints Janet Waweru as finance chief

Enwealth, founded by Kenyan businessman Simon Wafubwa, appoints Janet Waweru Luvai as CFO as pension assets and operations expand across East Africa.

Feyisayo Ajayi Feyisayo Ajayi
Lionel Matthews
ExecutivesLatest

Namibian executive Lionel Matthews takes chairmanship of Letshego Holdings 

Namibian financial executive Lionel Matthews becomes Letshego Holdings Namibia chairperson, adding another major board role to his four-decade career.

Feyisayo Ajayi Feyisayo Ajayi
MTN Scancom
MarketsLatest

MTN Ghana secures $202 million spectrum award to bolster 5G network

MTN Ghana secures $202 million in spectrum licences to expand 5G coverage, increase network capacity and strengthen broadband services nationwide.

Feyisayo Ajayi Feyisayo Ajayi