Tag: Featured

Outgoing Chief Executive Officer John Lamola
BusinessHot News

SAA under scrutiny after CEO John Lamola’s exit as AG flags weak controls, revenue leaks

South African Airways faces scrutiny after John Lamola’s exit as AG flags weak financial controls, revenue leakages and poor reporting standards.

Omokolade Ajayi Omokolade Ajayi
OCI Global Methanex exit strategy
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Nassef Sawiris-backed OCI exits Methanex stake, nets $370 million from share sales

OCI Global exits Methanex stake after $370 million sell-down, completing phased divestment and sharpening focus on core nitrogen assets.

Feyisayo Ajayi Feyisayo Ajayi
Papa Madiaw Ndiaye NEM Insurance stake
BusinessExclusive

Meet Senegalese financier Papa Madiaw Ndiaye, holding $18 million stake in Nigeria’s NEM Insurance

Senegalese financier Papa Madiaw Ndiaye holds an $18 million stake in Nigeria’s NEM Insurance, signaling growing Africa insurance investment.

Feyisayo Ajayi Feyisayo Ajayi
IFC New Hope loan
BillionairesBusinessHot News

IFC eyes $150 million loan to New Hope unit to expand animal feed production across emerging markets

IFC considers $150 million loan to New Hope unit to expand animal feed production across emerging markets and strengthen food supply chains.

Feyisayo Ajayi Feyisayo Ajayi
Nairobi, Kenya's capital city.
BusinessHot News

Kenya targets $150 billion biodiversity financing in UN-backed plan

Kenya plans to mobilize up to $150 billion in biodiversity financing over a decade under UN-backed BIOFIN alongside a $500 million green bond push.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman Tony Elumelu.
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu’s Seplat stake climbs to $934 million, nears $1 billion

Tony Elumelu’s Seplat stake hits $934 million as shares rally, nearing $1 billion amid strong investor demand.

Omokolade Ajayi Omokolade Ajayi
Morocco SME financing IFC Tamwilcom
BusinessHot News

IFC partners Tamwilcom on $300 million facility to unlock SME financing in Morocco

IFC and Tamwilcom launch $300 million risk-sharing facility to boost SME financing, targeting women-led firms, agriculture and supply chains in Morocco.

Feyisayo Ajayi Feyisayo Ajayi
Mike Teke, chairman of Seriti Resources Holdings and Masimong Group, leading South Africa’s energy and investment sector.
BillionairesBusinessExclusive

Meet Mike Teke: Ex-teacher leading South African multibillion-rand energy group

Ex-teacher Mike Teke leads Seriti Resources and billion-dollar Masimong Group shaping South Africa’s energy sector.

Omokolade Ajayi Omokolade Ajayi
Crookes Brothers earnings
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Crookes Brothers appoints Thomas Attree as audit chair following Farzanah Mall’s passing

Crookes Brothers appoints Thomas Attree as audit chair, strengthening governance after board losses and leadership gaps in March 2026. continuity

Feyisayo Ajayi Feyisayo Ajayi
Discovery dividends
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South African tycoon Adrian Gore pockets $3 million in H1 2026 dividends from Discovery

Adrian Gore, Discovery co-founder, will receive R50.61M ($3.1M) interim dividends after insurer posts stronger earnings and higher payout growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Egyptian billionaire Samih Sawiris deepens Morocco bet with $235 million tourism project

Egyptian-Emirati investors commit $235 million to Morocco tourism project, signaling rising cross-border capital into high-growth markets.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya asset financing for SMEs
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Baloobhai Patel linked-Absa Kenya inks asset finance deal with Japanese vehicle exporter

Absa Kenya partners World Navi to offer structured financing for vehicle imports from Japan, easing upfront costs and expanding car ownership access.

Feyisayo Ajayi Feyisayo Ajayi