Tag: Featured

ArcelorMittal South Africa (ArcelorMittal SA)
BusinessCompaniesHot News

IDC launches bold $607 million steel buyout to save factory heartland

South Africa’s IDC launches a $607 million takeover of ArcelorMittal’s local unit, securing critical plants to protect industrial jobs.

Omokolade Ajayi Omokolade Ajayi
Nigerian investor Tope Lawani
BusinessCompaniesHot News

Nigerian investor Tope Lawani’s Helios buys 49% of Mozambican food giant Merec

Helios Investment Partners, co-founded by Tope Lawani, has acquired a 49 percent stake in Mozambican food miller Merec Industries to scale regional processing.

Omokolade Ajayi Omokolade Ajayi
Societe Generale Ghana
BusinessBankingHot News

Societe Generale Ghana’s profit falls to $13 million

Societe Generale Ghana’s nine-month profit fell 56.4% to $12.92 million as lower interest income and higher impairment charges weighed on earnings.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
EnergyBusinessHot News

Dangote commits $1.5B to Kenya oil network after KPC stake deal worth $315 million

Aliko Dangote commits $1.5 billion to expand Kenya Pipeline Company's network across East Africa, cementing his regional energy dominance.

Omokolade Ajayi Omokolade Ajayi
Close-up of South African Airways aircraft.
Hot News

South African Airways gets $61 million state safety net as operation pressures surge

South African Airways secures a $61 million state safety net to protect operations against rising fuel costs and mounting financial pressure.

Omokolade Ajayi Omokolade Ajayi
Lagos-based brewer Guinness Nigeria Plc
BusinessCompaniesHot News

Guinness Nigeria rebounds under Tolaram with $30 million nine-month profit

Guinness Nigeria’s nine-month profit climbed 53 percent to $30.54 million under Tolaram, spurring $11.51 million dividend.

Omokolade Ajayi Omokolade Ajayi
Reinet Raymond Hyman
BusinessExecutivesHot News

Reinet names Raymond Hyman finance chief as Diane Longden retires

Reinet Investments appoints Raymond Hyman as CFO from January 2027, succeeding Diane Longden, who will retire after more than 12 years.

Feyisayo Ajayi Feyisayo Ajayi
South Africa’s Advtech
TechnologyBusinessCompanies

South Africa’s Advtech bets on AI as it acquires 25% stake in MathU

Advtech has acquired a 25% stake in edtech startup MathU, securing exclusive rights to proprietary AI tools across its private school network.

Omokolade Ajayi Omokolade Ajayi
Andrada Mining
BusinessHot NewsMining

Andrada Mining swings to $3.4 million profit as revenue rises

Andrada Mining swung to a $3.37 million profit as first-half revenue rose 80%, driven by higher tin prices and increased production in Namibia.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Hisham Talaat Moustafa
BillionairesBusinessHot News

Egyptian billionaire Hisham Talaat Moustafa seals $202B mega-deal to build cities

Hisham Talaat Moustafa’s TMG has secured a historic EGP11 trillion ($202.3 billion) state deal to develop four mixed-use megaprojects across Egypt.

Omokolade Ajayi Omokolade Ajayi
South Africa’s Famous Brands
BusinessCompaniesHot News

South Africa’s Famous Brands, owner of Wimpy, posts $264 million in half-year sales

Famous Brands posted $264.34 million in half-year sales, leaning on strong cash flow and supply chain gains to raise interim dividends.

Omokolade Ajayi Omokolade Ajayi
Nigerian cocoa bean sales surge
BusinessHot News

Nigerian cocoa sales to the US jump to $142 million amid chocolate rush

Direct Nigerian cocoa bean exports to the United States jumped 554 percent to $142 million as American candy makers tackled supply shortages.

Omokolade Ajayi Omokolade Ajayi