Tag: Featured

South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe’s ARC moves to take 77.94% stake in Alexander Forbes

Africa's first billionaire, Patrice Motsepe’s ARC plans to raise its Alexander Forbes stake to 77.94% as Prudential Financial exits the South African group.

Feyisayo Ajayi Feyisayo Ajayi
Ethiopia’s richest man, Mohammed Al Amoudi.
BusinessHot News

Ethiopia’s $10 billion man orders MIDROC to hire 40,000 local workers

Mohammed Al-Amoudi orders MIDROC to expand its workforce to 120,000, potentially creating 40,000 jobs in Ethiopia.

Omokolade Ajayi Omokolade Ajayi
South African developer Japie van Niekerk
BusinessHot News

South African developer Japie van Niekerk buys Kalahari Mall in Northern Cape deal

South African developer Japie van Niekerk has acquired Kalahari Mall in Upington, adding the regional retail centre to New Africa Developments’ portfolio.

Omokolade Ajayi Omokolade Ajayi
Hend El-Sherbini IDH deal
BusinessHot News

Egyptian businesswoman Hend El-Sherbini’s IDH posts $16 million H1 2026 profit

IDH, led by Egyptian businesswoman Hend El-Sherbini, posts $16.1 million H1 2026 profit as revenue rises 37% on higher patient volumes.

Feyisayo Ajayi Feyisayo Ajayi
Botswana tycoon Ramachandran Ottapathu
BusinessHot News

Ramachandran Ottapathu cleared to buy Engen Botswana in rare anti-monopoly power shift

Ramachandran Ottapathu gets approval to buy 70% of Engen Botswana, with 67 fuel stations to be sold under competition conditions.

Omokolade Ajayi Omokolade Ajayi
Namibia’s Capricorn Group
BusinessHot News

Namibia’s Capricorn Group logs $115M profit, holds payout despite dip

Capricorn Group reported $115.2 million profit for 2026 as higher funding costs and weaker regional conditions pressured earnings.

Omokolade Ajayi Omokolade Ajayi
South Africa’s Momentum Group
BusinessHot News

South Africa’s Momentum Group hits $435 million earnings, raises dividend 31%

Momentum Group reported $435 million in normalized headline earnings for 2026, beating its long-term target a year early and raising its dividend by 31 percent.

Omokolade Ajayi Omokolade Ajayi
Airtel Africa Plc
TechnologyBusinessHot News

Airtel Money slashes London IPO target to $800M as investors balk at valuation

Airtel Africa has cut its London listing target for Airtel Money to $800 million, down sharply from an earlier goal of raising up to $2 billion.

Omokolade Ajayi Omokolade Ajayi
World Bank
BusinessHot News

World Bank backs Ghana’s agriculture sector with $52.4 million financing package

World Bank’s IFC backs Ghana agriculture with $52.4 million to expand cocoa financing, farmer access to capital, inputs and markets.

Feyisayo Ajayi Feyisayo Ajayi
MCB
BusinessHot News

MCB completes Africa’s first electronic Bill of Exchange after its $1 billion trade commitment 

MCB completes Africa’s first electronic Bill of Exchange transaction, advancing digital trade after its $1 billion African trade commitment.

Feyisayo Ajayi Feyisayo Ajayi
Folasope Aiyesimoju
Hot NewsBusiness

Folasope Aiyesimoju’s CAP stake sheds $44 million; plunges below $40 million

Folasope Aiyesimoju’s CAP stake loses $44 million as shares fall 55%, cutting his holdings below $40 million amid a sharp NGX sell-off.

Feyisayo Ajayi Feyisayo Ajayi
Varun beverages
BusinessHot News

Varun Beverages Zimbabwe faces final hurdle in Dairibord takeover race

Varun Beverages’ proposed 48.79% Dairibord stake faces Zimbabwe competition review, with public submissions due October 1, 2026.

Feyisayo Ajayi Feyisayo Ajayi