Tag: Featured

QCIL
BusinessHot News

Uganda’s QCIL posts record $80 million revenue as profit surges to $16 million in 2026

Uganda’s QCIL reports record $80 million revenue as profit jumps 38.8% to $16 million, driven by efficiency, diversification and expansion.

Feyisayo Ajayi Feyisayo Ajayi
Chery Autos
Hot NewsBusiness

China’s Chery takes over South Africa plant to drive pan-African auto expansion

Chery takes over Nissan's former South African plant, investing millions of dollars to build an export hub and hit 100,000 annual vehicle sales.

Omokolade Ajayi Omokolade Ajayi
Idrissa Nassa
Hot NewsBusiness

Idrissa Nassa’s Coris Bank sets up Cameroon unit, awaits approval for market entry

Idrissa Nassa's Coris Bank sets up Cameroon unit with CFA26 billion ($45.33 million) capital, awaiting regulatory approval to launch operations in a competitive banking market.

Feyisayo Ajayi Feyisayo Ajayi
Anil Agarwal
BusinessHot News

Indian billionaire Anil Agarwal’s Vedanta delays CopperTech IPO amid market volatility

Anil Agarwal's Vedanta delays CopperTech IPO as volatile mining equities and U.S. policy risks unsettle investors before New York debut.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Lighthouse advances $121 million refinancing ahead of 2027 debt maturity

Lighthouse moves early to refinance $121 million debt tied to French retail assets ahead of 2027 maturity, citing strong lender interest.

Feyisayo Ajayi Feyisayo Ajayi
Ikeja Hotels dividend Otudeko
Hot NewsBusiness

Nigerian businessman Oba Otudeko eyes N137 million Ikeja Hotels dividend, after becoming second biggest investor

Oba Otudeko to earn N137.4 million Ikeja Hotels dividend after acquiring 14.12% stake, qualifying for dual-year payouts.

Feyisayo Ajayi Feyisayo Ajayi
Zeder asset disposal strategy
BusinessHot News

From builder to harvester: Inside Zeder’s more than half a billion dollar agribusiness exit strategy

Zeder exits agribusiness assets, unlocking over $675 million as it shifts from building to capital return strategy.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Jaffer empire Mombasa
BusinessHot News

Mohammed Jaffer’s empire: Power, controversy, making of modern Mombasa

Mohammed Jaffer’s empire shapes Mombasa’s economy, blending infrastructure gains with rising scrutiny over dominance, fuel scandal, and influence.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Namibia’s Capricorn Group director Elizabeth Fahl resigns from board

Capricorn Group director Elizabeth Fahl resigns after nearly five years, ending a tenure focused on governance and human capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
Nigeria’s state-owned oil company, NNPC.
Hot NewsBusiness

Nigeria’s NNPC revenue drops 13% to $3.15 billion despite steady oil output

Nigeria's NNPC revenue fell to $3.15 billion in May as reservoir pressures and export limits squeezed earnings despite steady oil output.

Omokolade Ajayi Omokolade Ajayi
Sasini Tea Estate in Kenya, where tea, avocado, and macadamia crops are cultivated and harvested.
Hot NewsBusiness

Kenya eyes $8.3 billion agricultural plan to boost growth, slash food imports

Kenya launches a $8.3 billion agricultural plan, targeting private investors to fund a five-year overhaul to slash food imports and boost growth.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBusiness

GTBank’s co-founder Fola Adeola loses $130 million in Aradel sell-off

Fola Adeola loses $130 million in paper wealth as an NGX market correction hits Aradel Holdings shares.

Omokolade Ajayi Omokolade Ajayi