Tag: Featured

ER Group East Africa expansion
Hot NewsBusiness

Mauritius’ ER Group targets Africa expansion with $22 million fund through 2029

ER Group unveils 2029 strategy backed by $22 million Africa fund, targeting East Africa expansion and long-term sustainable growth.

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Econet InfraCo IPO
Hot NewsTechnology

Cassava Technologies expands Africa’s cloud resilience with Microsoft Azure milestone

Cassava Technologies boosts Africa’s cloud resilience as Africa Data Centres becomes Azure ExpressRoute Metro site in Johannesburg.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian tycoon Kola Karim
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Kola Karim’s Shoreline gets $200 million Afreximbank-backed facility for Algeria’s $980 million project

Shoreline secures a $200 million Afreximbank facility to fund Algeria's $980 million HBR project, boosting pan-African energy development.

Feyisayo Ajayi Feyisayo Ajayi
Isyaku Abdulsamad “Khalifa” Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu’s son, Khalifa, pockets $9.6 million dividend from BUA Foods

Khalifa Rabiu pockets a $9.6 million dividend as BUA Foods doubles its profit, driven by strong food sales and tight cost controls.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBusiness

Transcorp Power posts $39.8 million half-year profit despite Nigeria grid attacks

Tony Elumelu-backed Transcorp Power records a $39.87 million profit before tax, maintaining strong efficiency gains despite severe grid attacks.

Omokolade Ajayi Omokolade Ajayi
Mohammed El-Sewedy
BusinessHot News

Mohamed El-Sewedy’s stake in Egyptian electric giant nears $700 million

Mohamed El-Sewedy’s stake in Elsewedy Electric rises by $98 million in 2026, nearing $700 million as shares rally on strong market performance.

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Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Nigerian billionaire Abdul Samad Rabiu collects $337 million BUA Foods dividend

Abdul Samad Rabiu receives a record N467 billion ($337.3 million) dividend as BUA Foods doubles its payout on surging profits.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker Gideon Muriuki
Hot NewsBillionairesBusiness

Co-op Bank becomes Kenya’s fourth-most valuable company with $1.6 billion market cap under Gideon Muriuki

Co-op Bank overtakes EABL as Kenya's fourth-most valuable listed company after record profits, rising shares, and steady growth under Gideon Muriuki.

Omokolade Ajayi Omokolade Ajayi
Standard Bank Group
BusinessHot News

Standard Bank takes $8.6 million in franchise fees from Kenyan unit in 2025

Standard Bank took $8.6 million in franchise fees from Stanbic Kenya in 2025, extending a two-year decline as the unit’s profit surged.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s First HoldCo stake tops $700 million as shares hit record high

Femi Otedola's First HoldCo stake surpasses $700 million as the lender's shares hit a record high ahead of half-year earnings.

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TMG
Hot NewsBusiness

TMG hits $4 billion market cap, holds spot as Egypt’s No. 2 publicly listed firm

TMG hits $4 billion market cap, holds spot as Egypt’s No. 2 publicly listed firm

Feyisayo Ajayi Feyisayo Ajayi
Zeinab Ahmed Sadek Elsewedy
BusinessHot News

El-Sewedy Sisters, Mona, Zeinab, Azza’s stake in Egyptian electric giant rises by $49 million to $353 million

El-Sewedy sisters’ stake in Elsewedy Electric jumps $49 million to $353 million as shares rally, strengthening their position on Egypt’s exchange.

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