Tag: Featured

Ugandan tycoon Ponsiano Ngabirano
BusinessCompaniesHospitalityHot News

Ugandan tycoon Ponsiano Ngabirano’s Marriott Hotel valued at $166M after pension deal

Ponsiano Ngabirano’s Kampala Marriott Hotel is valued at $166 million after Uganda’s NSSF invested $50 million for a 30% stake.

Omokolade Ajayi Omokolade Ajayi
Ugandan Alam family
EntrepreneursLatest

Ugandan Alam family loses bid to halt 10-year Steel Rolling Mills’ execution

Ugandan Alam family loses bid to halt execution over a decade-old Steel Rolling Mills judgment after High Court rejects stay pending appeal.

Feyisayo Ajayi Feyisayo Ajayi
Glencore
MiningLatest

Glencore secures approval to extend Hunter Valley coal mine operations to 2045

Glencore wins NSW approval to extend Hunter Valley coal mine operations, with HVO North potentially running until 2045, pending federal approval.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
BusinessCompaniesHot News

Nigeria’s Dangote Group amasses world’s largest fleet of 7,000 heavy machines

Dangote Group now commands the world’s largest fleet of nearly 7,000 heavy machines, driving massive refining projects across Africa.

Omokolade Ajayi Omokolade Ajayi
South African executive Rui Morais
CompaniesExecutivesHot News

Dis-Chem CEO Rui Morais sets sights on growth and wider healthcare access

Dis-Chem CEO Rui Morais is expanding retail and wholesale operations, lifting revenue to $2.64 billion while investing to widen South African healthcare access.

Omokolade Ajayi Omokolade Ajayi
Nigerian tycoon Kola Karim
BillionairesBusinessHot News

Fresh off $500 million oil backing, Kola Karim urges African infrastructure push

Shoreline Group Chairman Kola Karim secures $500 million from Qatar for OML 30 drilling and calls for accelerated investment in African trade corridors.

Omokolade Ajayi Omokolade Ajayi
Fola Aiyesimoju and Olasunkanmi owoyemi
EntrepreneursLatest

Fola Aiyesimoju-led UAC of Nigeria to sell $15 million stake in Livestock Feeds to Sunbeth 

UAC of Nigeria, led by Fola Aiyesimoju, will sell its 73.29% Livestock Feeds stake to Olasunkanmi owoyemi's Sunbeth for $15 million.

Feyisayo Ajayi Feyisayo Ajayi
InfraCredit
InvestmentsHot News

Nigeria’s InfraCredit secures $50 million to expand long-term infrastructure financing

Nigeria’s InfraCredit secures a $50 million IFC loan to expand long-term naira financing guarantees for infrastructure projects across the country.

Feyisayo Ajayi Feyisayo Ajayi
Jayaraman Ramesh
EntrepreneursHot News

Jayaraman Ramesh: From Botswana accountant to African business empire builder

Jayaraman Ramesh built a diversified business portfolio spanning education, property, renewable energy, technology and investments across Africa.

Feyisayo Ajayi Feyisayo Ajayi
Eskom
CompaniesHot News

South Africa marks 500 days without power cuts as Eskom turnaround takes hold

South Africa has crossed a milestone once thought out of reach: 500 consecutive days without rolling blackouts.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesCompaniesHot News

Nigerian billionaire Tony Elumelu deepens grip on Seplat Energy with $59.7 million share buy

Tony Elumelu lifts his Seplat Energy stake to 126.4 million shares worth $1.26 billion through a fresh $59.7 million share acquisition.

Omokolade Ajayi Omokolade Ajayi
Muibi Kehinde Hammed
BusinessCompaniesExecutivesHot News

Nigerian founder Muibi Kehinde Hammed leads MKH Properties to record N10 billion market win

MKH Properties, led by Muibi Kehinde Hammed, raises over N10 billion ($7.5 million) in its debut commercial paper issue to fuel real estate expansion.

Omokolade Ajayi Omokolade Ajayi