Tag: Featured

Touton IFC
InvestmentsLatest

IFC considers $10 million facility to support Touton’s Nigerian cocoa sourcing

IFC considers a $10 million facility to support Touton’s Nigerian cocoa sourcing, trade finance and traceable supply chain.

Feyisayo Ajayi Feyisayo Ajayi
Bridget Venner Willy Mertens Otto Shiongo
ExecutivesHot News

Debmarine Namibia CEO Willy Mertens named chairman of Skeleton Basin, 2 other veterans to board

Debmarine Namibia CEO Willy Mertens becomes chairman of Skeleton Basin as three industry veterans join the company’s newly strengthened board.

Feyisayo Ajayi Feyisayo Ajayi
Accelerate KPMG crescent
CompaniesBillionairesLatest

Accelerate Property Fund sells KPMG Crescent to reduce debt for $23.6 million

Accelerate Property Fund agrees to sell KPMG Crescent for $23.6 million, using proceeds to reduce debt and strengthen its balance sheet.

Feyisayo Ajayi Feyisayo Ajayi
ProNutro
MarketsHot News

PepsiCo discontinues South Africa’s 64-year-old ProNutro after backlash

PepsiCo has discontinued South Africa’s 64-year-old ProNutro after consumer backlash over changes to the cereal’s taste, texture and mixability.

Feyisayo Ajayi Feyisayo Ajayi
Mauritius-based conglomerate Alteo Limited.
CompaniesBusinessHot News

Mauritian group Alteo sees 2026 profit surge 28% to $19.1 million on real estate

Alteo Limited’s profit rose 28 percent to $19.1 million as property sales and stronger energy margins lifted earnings and dividends.

Omokolade Ajayi Omokolade Ajayi
Sayyu Dantata
BillionairesBusinessHot News

Sayyu Dantata, half-brother of Africa’s richest man, risks losing $35M aircraft fleet

Sayyu Dantata, half-brother of Africa’s richest man Aliko Dangote, faces the possible forfeiture of three aircraft worth $35 million over unpaid customs bill.

Omokolade Ajayi Omokolade Ajayi
Anayo Okenwa
ExclusiveStartups

IFC proposes $8.6 million financing for Nigerian mini-grid developer Nayo Tropical Technology

IFC proposes $8.6 million in debt financing for Nayo Tropical Technology to develop 14 solar mini-grids across Nigeria.

Feyisayo Ajayi Feyisayo Ajayi
Devland
BusinessHot News

Gathoo brothers: Silent African millionaires building an FMCG empire through Devland 

Gathoo brothers, Mahomed and Shiraz Gathoo have built Devland into a growing South African FMCG empire spanning wholesale, retail and commercial property.

Feyisayo Ajayi Feyisayo Ajayi
Exxaro Eskom coal supply deal
InvestmentsLatest

M&G Investments slashes Exxaro stake by 13 million shares to $186 million

M&G Investments cuts its Exxaro stake by 13.1 million shares to $186.3 million as PIC raises its holding in the South African miner.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
BillionairesHot News

Nigerian billionaire Tony Elumelu says Africa cannot build economic growth on aid

Tony Elumelu says Africa needs private capital, stronger infrastructure and entrepreneurship—not aid—to drive sustainable economic growth and jobs.

Omokolade Ajayi Omokolade Ajayi
Durban-born executive Sayurie Naidoo
ExecutivesBusiness

Valterra rewards Durban-born executive Sayurie Naidoo with $1.1 million package in 2025

Valterra Platinum awarded CFO Sayurie Naidoo an 18.14 million rand ($1.1 million) pay package for 2025 following its demerger from Anglo American.

Omokolade Ajayi Omokolade Ajayi
Habiba Ali
EntrepreneursLatest

Nigerian entrepreneur Habiba Ali’s Sosai targets 76 solar mini-grids with proposed $6 million IFC financing

Habiba Ali’s Sosai targets 76 solar mini-grids in northern Nigeria with proposed $6 million IFC financing to expand electricity access.

Feyisayo Ajayi Feyisayo Ajayi