Tag: Featured

South African-Swazi billionaire Natie Kirsh
BillionairesBusinessHot News

South African-Swazi billionaire Natie Kirsh loses $600 million as fortune falls below $20 billion

Natie Kirsh’s fortune has fallen to $19.4 billion, down $600 million from $20 billion five days earlier, after a sharp reassessment of his holdings.

Omokolade Ajayi Omokolade Ajayi
DTB executives during the opening of the DTB Kilimani branch in Nairobi.
BusinessHot News

Kenya’s DTB posts $75.7 million half-year profit as loans, deposits grow

DTB posted a KSh9.8 billion ($75.7 million) H1 2026 pretax profit, up 37 percent amid strong regional digital banking growth.

Omokolade Ajayi Omokolade Ajayi
Equity Group headquarters in Nairobi, Kenya.
BusinessHot News

East Africa’s largest lender, Equity Group, sees first-half profit top $350 million

Equity Group’s first-half profit rose 32 percent to KSh45.5 billion ($352 million), driven by stronger lending and regional growth.

Omokolade Ajayi Omokolade Ajayi
Harel Mallac & Co. Limited, a Mauritius-based diversified conglomerate.
BusinessHot News

Mauritius-based Harel Mallac returns to profit as first-half revenue hits $36 million

Harel Mallac returned to profit in H1 2026 as revenue rose 12.2% to MUR1.68 billion, despite continued losses in chemicals.

Omokolade Ajayi Omokolade Ajayi
Hacienda Ras El Hekma
Hot NewsBusinessLuxury

Palm Hills Developments secures $157 million financing to accelerate Palm Hills New Cairo

Palm Hills Developments secures $157 million financing to accelerate construction and deliveries at its Palm Hills New Cairo project in East Cairo.

Feyisayo Ajayi Feyisayo Ajayi
Ali Dharani, Indian-born Namibian businessman
BusinessHot News

Ali Dharani: Indian-born Namibian businessman behind Rani Group’s retail empire

Indian-born Namibian businessman Ali Dharani built Rani Group from a border trading business into a nationwide retail and manufacturing empire.

Feyisayo Ajayi Feyisayo Ajayi
Adrian Basson, Whitey Basson's Son
BusinessHot News

Adrian Basson: Shoprite heir turns $3 million Hungry Lion into a 500-store fast-food empire

Adrian Basson transformed Hungry Lion from a $1 million Shoprite-linked business into a 500-store African fast-food chain across nine countries.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Namibia Consul Justin Anosike denies $1 million Dangote meeting fee

Namibia’s honorary consul in Nigeria denies seeking $1 million from Aliko Dangote to arrange a presidential meeting over a proposed investment.

Feyisayo Ajayi Feyisayo Ajayi
Nonesi Mall
LuxuryBusinessHot News

Vukile Property Fund opens $4.7 million Nonesi Mall expansion in South Africa

Vukile Property Fund has opened a $4.7 million Nonesi Mall expansion in South Africa, adding retail space, tenants and jobs in the Eastern Cape.

Feyisayo Ajayi Feyisayo Ajayi
KAP
BusinessHot News

KAP revises Southern Cape forestry deal as PG Bison assets move to new buyer

KAP has revised its Southern Cape forestry deal, with PG Bison assets set to move to CPIH under amended transaction terms.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
BusinessHot News

GTBank co-founder Fola Adeola gains $44 million as oil stake hits $271 million

Fola Adeola’s Aradel stake rebounds to $271.4 million as shares rise 19.7 percent after a sharp June-to-July selloff.

Omokolade Ajayi Omokolade Ajayi
Mauritius-based insurance group MUA Limited
BusinessHot News

Mauritius-based MUA posts $7.85 million first-half profit as home market drives growth

MUA Limited’s first-half profit rose 48 percent to $7.85 million as stronger insurance earnings in Mauritius offset losses in parts of East Africa.

Omokolade Ajayi Omokolade Ajayi