Tag: Featured

Tshepo Mahloele Capitec Bank stake
BusinessHot News

South African tycoon Tshepo Mahloele’s Capitec Bank stake surpasses $1.6 billion, nets $20 million dividend

Mahloele’s Capitec stake surges past $1.6 billion, earning $20 million in dividends as shares climb 29% amid strong investor momentum.

Feyisayo Ajayi Feyisayo Ajayi
Marina, Lagos: Nigeria’s Wall Street and colonial soul
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Marina, Lagos: Nigeria’s Wall Street and colonial soul

Marina, Lagos blends colonial legacy with Nigeria’s financial power, anchoring fintech, faith, and historic institutions.

Feyisayo Ajayi Feyisayo Ajayi
Dangote Cement boosts Africa production
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Africa’s richest man Aliko Dangote’s cement firm, posts $1.35 billion in half-year revenue

Dangote Cement H1 revenue hits $1.35 billion profit soars 174%, driven by strong Nigerian growth and infrastructure demand.

Feyisayo Ajayi Feyisayo Ajayi
PIC deepens stake in Sibanye-Stillwater miner
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Africa’s largest asset manager, PIC takes $330 million more shares in Sibanye-Stillwater

PIC ups Sibanye stake to 20.2% with $329.61 million deal, signaling renewed faith in the miner ahead of Froneman’s September retirement.

Feyisayo Ajayi Feyisayo Ajayi
Castleview deepens hold on SA Corporate real estate in $18.1 million deal
BusinessExclusive

Castleview deepens hold on SA Corporate real estate in $18.1 million deal

Castleview acquires $18.1 million stake in SA Corporate Real Estate, deepening its hybrid REIT investment strategy in a recovering property market.

Feyisayo Ajayi Feyisayo Ajayi
Santam becomes first African insurer to win Lloyd’s of London approval
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Santam becomes first African insurer to win Lloyd’s of London approval to launch a global insurance syndicate

Santam gets nod to launch global syndicate in London, becoming first African insurer to win Lloyd's of London approval

Feyisayo Ajayi Feyisayo Ajayi
How Basketmouth’s Flatmates became a MultiChoice hit
Hot NewsEntertainment

How Basketmouth turned Flatmates into a MultiChoice hit — and redefined Nigerian comedy

Basketmouth turned Flatmates into a MultiChoice hit, reshaping Nigerian comedy and proving the power of local IP in African television.

Feyisayo Ajayi Feyisayo Ajayi
PIC trims Astral Foods stake amid strategy shift
BusinessHot News

PIC pares stake in poultry giant Astral Foods amid portfolio recalibration

PIC trims stake in Astral Foods to 23.94%, signaling caution amid sector volatility, bird flu, and power challenges.

Feyisayo Ajayi Feyisayo Ajayi
Braemar, CBH sign pact to tilt Quantum Foods control
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Zimbabwean tycoon Simon Rudland-linked Braemar, CBH sign pact to tilt Quantum Foods control

Zimbabwe’s Rudland-backed firm and poultry player Country Bird grant each other the right of first refusal in strategic move

Feyisayo Ajayi Feyisayo Ajayi
SANRAL gets BRICS-backed loan to boost South African toll infrastructure
BusinessHot News

SANRAL gets $397.6 million BRICS-backed loan to boost South African toll infrastructure

SANRAL secures $397.6 million NDB loan to upgrade N1, N2, and N3 toll roads, boosting South Africa’s transport infrastructure and economic corridors.

Feyisayo Ajayi Feyisayo Ajayi
Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector
BusinessHot News

Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector

Mantengu Mining acquires Blue Ridge Platinum for $170 million, marking its strategic pivot to the platinum group metals sector.

Feyisayo Ajayi Feyisayo Ajayi
Hyprop launches $824.3 million voluntary offer to acquire controlling stake in MAS
BusinessHot News

Hyprop launches $824.3 million voluntary offer to acquire controlling stake in MAS

Hyprop launches $824.3 million bid to acquire MAS control, boosting its Eastern Europe retail expansion strategy.

Feyisayo Ajayi Feyisayo Ajayi