Tag: Featured

CIEL Group corporate logo representing the Mauritius-based conglomerate operating across hotels, healthcare, finance, and textiles.
BusinessCompaniesHot News

Mauritius conglomerate CIEL posts $856 million revenue on tourism boom

CIEL Limited reported an 8% revenue rise to $856.1 million for FY26, driven by strong gains in hospitality and healthcare despite regional textile headwinds.

Omokolade Ajayi Omokolade Ajayi
Voco hotels, IHG Hotels & Resorts’ fastest-growing premium brand
HospitalityBusinessHot NewsLifestyle

IHG’s voco hotels opens first East African property in Nairobi

IHG Hotels & Resorts has opened voco Nairobi Airport Suites, its first voco property in East Africa, adding 112 suites near Jomo Kenyatta International Airport.

Omokolade Ajayi Omokolade Ajayi
QCIL
EntrepreneursHot News

Ugandan businessman Emmanuel Katongole resigns as URA board chairman after 6 months

Ugandan businessman Emmanuel Katongole resigns as URA board chairman after six months, citing growing business and Rotary responsibilities.

Feyisayo Ajayi Feyisayo Ajayi
IBL Group headquarters at Caudan Waterfront in Port Louis, Mauritius, home to the Mauritian conglomerate.
CompaniesBusinessHot News

Mauritian giant IBL Group hits $2.6 billion in revenue on strong retail boom

IBL Group increased full-year revenue 13.2 percent to $2.6 billion as retail, consumer brands, hospitality and services drove growth.

Omokolade Ajayi Omokolade Ajayi
Sudhir Ruparelia
BillionairesLatest

Ugandan tycoon Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank takeover

Sudhir Ruparelia seeks $225.3 million from Rabobank over Crane Bank’s disputed takeover, transfer and sale as the legal battle resumes in London.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank
ExecutivesHot News

Standard Bank’s Sim Tshabalala, 7 other executives unlock $1.92 million in share awards

Standard Bank CEO Sim Tshabalala and senior executives unlock $1.92 million in share awards under the lender’s deferred bonus scheme.

Feyisayo Ajayi Feyisayo Ajayi
Ryan Kubik
ExecutivesHot News

ReconAfrica appoints former Canadian Oil Sands CEO Ryan Kubik to board

ReconAfrica appoints former Canadian Oil Sands CEO Ryan Kubik as an independent director to strengthen governance and advance African exploration.

Feyisayo Ajayi Feyisayo Ajayi
Attijariwafa Bank Morocco valued over $15 billion
InvestmentsLatest

Attijariwafa takes control of Société Générale Ghana as Daniel Ofori retains stake

Attijariwafa Bank will acquire a controlling stake in Société Générale Ghana, while Daniel Ofori retains his 6.81% stake.

Feyisayo Ajayi Feyisayo Ajayi
Wicknell Chivayo
PhilanthropyLatest

10 biggest publicly reported donations of late Zimbabwean businessman Wicknell Chivayo

Zimbabwean businessman Wicknell Chivayo made some of the country’s biggest publicly reported donations before his death in a helicopter crash.

Feyisayo Ajayi Feyisayo Ajayi
Zimbabwean Farm
BusinessHot News

Zimbabwe says land seizure compensation reaches $508 million

Zimbabwe says compensation to White farmers whose land was seized has reached $508 million, as it seeks to resolve the land reform dispute.

Omokolade Ajayi Omokolade Ajayi
Koné project in Côte d’Ivoire
MiningBusinessCompaniesHot News

Canadian-listed Montage Gold pours first gold at Côte d’Ivoire’s Koné mine

Montage Gold pours first gold at its Koné mine in Côte d’Ivoire, starting production ahead of its 2027 target.

Omokolade Ajayi Omokolade Ajayi
Volobe Dam Expands Power Access
EnergyBusinessHot News

AXIAN Energy-backed Malagasy hydro project to power 2 million, create 1,500 jobs

AXIAN Energy has sealed an agreement for Madagascar’s 120 MW Volobe hydro project, a move set to power 2 million people and add 1,500 local jobs.

Omokolade Ajayi Omokolade Ajayi