Tag: Featured

Ugandan Gospel Artist Mungu feni
EntrepreneursLatest

Why Uganda’s gospel artist Mungu Feni is behind bars over $3.3 million gold case

Ugandan gospel artist Mungu Feni faces investigation over an alleged $3.3 million gold fraud involving foreign investors and EuroGold Refinery.

Feyisayo Ajayi Feyisayo Ajayi
Mauritius’ ER Group
CompaniesBusinessHot News

Mauritius’ ER Group posts $153.7 million profit as hospitality drives growth

ER Group posted $153.7 million profit as hospitality and travel drove growth, with operating cash flow rising to $235 million.

Omokolade Ajayi Omokolade Ajayi
Malagasy tycoon Hassanein Hiridjee
CompaniesHot NewsTechnology

Hassanein Hiridjee’s Axian expands Senegal data center for Africa’s AI boom

Hassanein Hiridjee’s Axian Group is expanding its Dakar data center as Africa’s demand for AI and cloud computing drives demand for local server capacity.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesHot NewsMarkets

Africa’s first Black billionaire Patrice Motsepe loses $400 million in mining rout

Patrice Motsepe’s net worth has fallen by $400 million to $3.3 billion as weaker mining stocks pressure his African Rainbow Minerals and Harmony Gold holdings.

Omokolade Ajayi Omokolade Ajayi
Nigeria’s state-owned oil company, NNPC.
EnergyBusinessHot News

Nigeria’s gas supply crosses 2 billion cubic feet daily to ease power crisis

Nigeria’s domestic gas supply has surpassed 2 billion cubic feet per day as gas production and infrastructure investment expand.

Omokolade Ajayi Omokolade Ajayi
Moroccan King Mohammed VI
BankingBillionairesHot News

As France retreats, Moroccan king’s bank claims ground in Ghana

Morocco’s royal-backed Attijariwafa Bank snaps up Société Générale’s majority stake in Ghana, marking a bold power shift into Anglophone West Africa.

Omokolade Ajayi Omokolade Ajayi
Lytania Johnson
ExecutivesBusinessHot News

25-year climb puts $1 million FirstRand stake in South Africa’s FNB CEO hands

Lytania Johnson’s 25-year rise at FNB has culminated in a $1.06 million FirstRand stake, built through deferred executive incentives and share awards.

Omokolade Ajayi Omokolade Ajayi
Paul Fokam
BankingLatest

Paul Fokam’s Afriland First Bank holds $898 million in securities against $1.4 billion in loans

Afriland First Bank held $898 million in securities against $1.43 billion in customer loans, highlighting its balance-sheet allocation in August 2026.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Simon Baloyi
ExecutivesBusinessHot News

South African executive Simon Baloyi bags $2.6 million pay as Sasol profit jumps

Sasol CEO Simon Baloyi’s pay surged 65.4% to R42.87 million ($2.57 million) in 2026, driven by higher incentives as the energy group’s profits doubled.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BusinessBillionairesHot News

Aliko Dangote’s $16 billion Kenya refinery faces fresh legal challenge

Aliko Dangote’s $16 billion Kenya refinery faces legal scrutiny over public funding, state guarantees, and disputed coastal land in Lamu.

Omokolade Ajayi Omokolade Ajayi
Nedbank NCBA takeover bid
BankingLatest

Nedbank ordered to pay costs after South African court sets aside home loan judgment

Nedbank ordered to pay legal costs after South African court overturns a 2021 home loan judgment involving two Soweto homeowners in Johannesburg.

Feyisayo Ajayi Feyisayo Ajayi
Strive Masiyiwa
Hot NewsTechnology

IFC commits $50 million to Liquid’s planned $350 million bond

IFC commits up to $50 million to Liquid Telecom’s planned $350 million bond, supporting network expansion and debt refinancing across Africa.

Feyisayo Ajayi Feyisayo Ajayi