Tag: Featured

Nigerian business leader Emmanuel Nnorom
ExclusiveBusiness

Meet Emmanuel Nnorom: Nigerian business leader set to chair $24.5 billion UBA Group

Emmanuel Nnorom steps into one of Africa's most prominent corporate roles as the incoming chairman of UBA Group.

Omokolade Ajayi Omokolade Ajayi
South African retail giant The Foschini Group
Hot NewsBusiness

South African retail leader TFG sinks to 16-year low, wiping out $606 million

South African retail giant TFG plunged to a 16-year low, losing over $606 million in market value as weak demand squeezes margins.

Omokolade Ajayi Omokolade Ajayi
African tech unicorns
BusinessGlobal NewsHot NewsTechnology

Naspers, led by Koos Bekker, returned $46 billion through buybacks

Naspers returned $46 billion via buybacks, repurchasing over 22 million shares to boost value and narrow its Tencent discount.

Feyisayo Ajayi Feyisayo Ajayi
Kenyan tycoon Ronald Karauri
BusinessHot News

Kenyan tycoon Ronald Karauri’s grip on SportPesa weakens after UAE investors gain control

A massive ownership shift at SportPesa leaves co-founder Ronald Karauri with just 3 percent as UAE investment vehicles take full control.

Omokolade Ajayi Omokolade Ajayi
South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi leads FirstRand back as Africa’s most valuable lender with $32.4 billion market cap

Mary Vilakazi steers FirstRand back to Africa’s top banking spot as its market cap reaches $32.4 billion, surpassing Capitec and Standard Bank.

Omokolade Ajayi Omokolade Ajayi
UBA sweeps top honours at 2026 Euromoney Awards
Hot NewsBusiness

UBA sweeps top honors at 2026 Euromoney Awards, named Nigeria’s Best ESG, Retail Bank

UBA swept major honors at the 2026 Euromoney Awards for Excellence, securing Best Bank for Retail and Best Bank for ESG in Nigeria.

Omokolade Ajayi Omokolade Ajayi
Cell C market value rebounds
BusinessHot News

Brett and Mark Levy’s Cell C rebounds above $537 million after shedding $92 million

Cell C rebounds above $537 million after a post-listing slump, as improving fundamentals meet lingering investor caution on the JSE.

Feyisayo Ajayi Feyisayo Ajayi
Shoprite's founding CEO, Whitey Basson
BusinessHot News

Shoprite’s rise under its founding CEO Whitey Basson: From 8 stores to retail giant in 37 years

How Whitey Basson transformed Shoprite from eight stores into Africa’s largest retailer through acquisitions, expansion, and a focus on affordability.

Feyisayo Ajayi Feyisayo Ajayi
Zambia Hilton hotel
LuxuryHot News

Hilton Lusaka project to cost nearly $100 million as Asmara Holdings backs Zambia expansion

Hilton’s $100 million Lusaka hotel project, backed by Asmara Holdings, signals rising investor confidence in Zambia’s hospitality sector.

Feyisayo Ajayi Feyisayo Ajayi
World's richest person Elon Musk.
Hot NewsBillionairesBusiness

Elon Musk loses $601 billion as SpaceX shares crash 50 percent from post-IPO peak

Elon Musk's fortune drops $601 billion as SpaceX shares crash 50 percent from their peak, triggering $15.5 billion in short-seller gains.

Omokolade Ajayi Omokolade Ajayi
Heirs Holdings
BusinessHot News

Heirs Holdings’ portfolio companies earn international recognition across industries

Heirs Holdings companies Transcorp, AEDC, and Redtech rank among Africa's top performers as Tony Elumelu's Africapitalism model scales.

Omokolade Ajayi Omokolade Ajayi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

How Standard Bank Group dominates key African markets under CEO Sim Tshabalala

Standard Bank Group expands across Africa under CEO Sim Tshabalala, using scale, governance and strategy to reinforce market dominance.

Feyisayo Ajayi Feyisayo Ajayi