Tag: Featured

Nigerian billionaire Abdul Samad Rabiu.
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Nigerian billionaire Abdul Samad Rabiu commits $85 million to ports expansion project

Nigerian billionaire Abdul Samad Rabiu is investing $85 million to expand BUA Ports in Port Harcourt, boosting logistics for BUA Foods' growth.

Omokolade Ajayi Omokolade Ajayi
Dorado Cashew
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IFC to support $18 million cashew processing expansion in Côte d’Ivoire

IFC backs $18 million Dorado investment to expand cashew processing in Côte d’Ivoire, boosting local value addition and supply chain efficiency.

Feyisayo Ajayi Feyisayo Ajayi
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Paul Fokam’s Afriland Bank signs $57 million deal to boost access to Sharia-compliant financing

Afriland First Bank signs $57.4 million Islamic finance deal with ICD to expand SME funding and boost private sector growth in Cameroon.

Feyisayo Ajayi Feyisayo Ajayi
Worker operating at Seplat Energy's Oben OML 4
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Seplat Energy posts $164 million half-year profit as earnings soar 498%

Seplat Energy posted a $164 million half-year profit as revenue rose to $1.82 billion and production increased.

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

Nigerian billionaire Abdul Samad Rabiu’s BUA Foods hits $215 million half-year profit

Abdul Samad Rabiu’s BUA Foods surged to a $215 million half-year profit in 2026, driven by aggressive cost cuts despite falling revenues.

Omokolade Ajayi Omokolade Ajayi
female CEO
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10 female CEOs leading Africa’s largest listed companies in 2026

Female CEOs now lead Africa’s largest listed firms, steering nearly $80 billion in value across banking, mining, and consumer sectors.

Feyisayo Ajayi Feyisayo Ajayi
Paddy Zhanda
BusinessHot News

Paddy Zhanda builds multimillion-dollar empire including $7 million Masimba Holdings’ stake

Paddy Zhanda builds a multimillion-dollar empire through Masimba Holdings, leveraging strategic acquisitions and layered investments.

Feyisayo Ajayi Feyisayo Ajayi
MTN Nigeria CEO & Francophone Africa VP, Karl Toriola
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Karl Toriola-led MTN Nigeria posts $519 million profit in H1 2026

MTN Nigeria posts $519 million H1 2026 profit as data growth, cost discipline and stable naira boost revenue, margins and telecom dominance.

Feyisayo Ajayi Feyisayo Ajayi
JP Morgan
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JP Morgan raises Clicks stake to 5.47% amid 34% year-to-date share price decline

JP Morgan raises Clicks stake to 5.47% despite a 34% share price decline, signaling confidence in South Africa’s leading healthcare retailer.

Feyisayo Ajayi Feyisayo Ajayi
Sterling Financial Holdings Company Plc
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Nigeria’s Sterling Holdco sees H1 profit surge to $37 million on strong lending

Sterling Holdco's first-half profit rose to $37 million as lending growth, deposits and assets strengthened earnings.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
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Africa’s richest man Aliko Dangote’s Dangote Cement posts $470 million half-year profit as African exports jump

Dangote Cement reports a $470 million half-year profit driven by a 62 percent surge in African exports and stronger regional sales.

Omokolade Ajayi Omokolade Ajayi
TotalEnergies
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Namibia approves TotalEnergies Mopane deal, expands Orange Basin oil push

Namibia approves TotalEnergies’ 40% Mopane stake, boosting Orange Basin expansion and advancing Venus project toward final investment decision.

Feyisayo Ajayi Feyisayo Ajayi