Tag: Featured

OCI Global
BusinessHot News

OCI shareholders warn legal battle could erode value ahead of Orascom deal 

OCI shareholders warn legal proceedings could erode value as investors weigh Orascom deal and NNS Holding’s €4.1 ($4.7) cash offer.

Feyisayo Ajayi Feyisayo Ajayi
Hazeem Barakat
BusinessHot News

Egypt’s B Investments, chaired by Hazem Barakat, eyes 53.5% stake in BIG Investment Group

B Investments, chaired by Hazem Barakat, plans to acquire 53.5% of BIG Investment Group, gaining indirect exposure to Madinet Masr.

Feyisayo Ajayi Feyisayo Ajayi
OLAM Agri
BusinessHot News

Olam Agri to invest $2 million in 20,000 African bakers by 2030

Olam Agri will invest $2 million by 2030 to train more than 20,000 African bakers, expanding skills and business opportunities across the continent.

Feyisayo Ajayi Feyisayo Ajayi
African Bank
BusinessHot News

African Bank begins restructuring after departure of two top executives in 6 months

African Bank restructures under CEO Zwelibanzi Manyathi after two senior exits, a R624 million ($38.3 million) loss and plans to consolidate its expanded business.

Feyisayo Ajayi Feyisayo Ajayi
Akdital raises 130 million hospital expansion
Hot NewsBusiness

Moroccan healthcare operator AKDITAL launches academy to train 10,000 staff

AKDITAL launches its Academy to train staff as Morocco’s healthcare network expands to 45 facilities across 26 cities.

Feyisayo Ajayi Feyisayo Ajayi
South African executive Mpumi Madisa
BusinessHot News

South African CEO Mpumi Madisa grew her Bidvest stake to $4.25 million

Mpumi Madisa’s direct holding in Bidvest climbed to $4.25 million as performance-linked share awards vested, lifting her stake to 300,759 shares.

Omokolade Ajayi Omokolade Ajayi
Angola’s Cabinda refinery begins fuel shipments.
BusinessHot News

Global gas crunch puts Nigerian and Angolan LNG in high demand

Middle East LNG disruptions remove 36 million tonnes of supply, creating opportunities for African producers as global buyers seek alternatives.

Omokolade Ajayi Omokolade Ajayi
Glencore
BusinessHot News

Glencore faces $2 billion lawsuit after cutting ties with iron ore partner

Glencore faces a $2 billion lawsuit in Singapore after accusing iron ore partner Radiant World of falsifying invoices and contracts.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Adebayo Ogunlesi.
TechnologyBillionairesHot News

With Nigerian billionaire Adebayo Ogunlesi on board, OpenAI eyes $1.2T valuation

OpenAI is in early funding talks at a valuation above $1.2 trillion, putting Nigerian billionaire Adebayo Ogunlesi’s board role in focus.

Omokolade Ajayi Omokolade Ajayi
Meiji Holdings
BusinessHot News

Japan’s Meiji signs Ghana cocoa sustainability pact as Milk Chocolate marks 100 years

Japan’s Meiji Holdings signs Ghana cocoa sustainability pact, targeting higher-value cocoa opportunities and circular-economy initiatives.

Feyisayo Ajayi Feyisayo Ajayi
South African banker Mary Vilakazi
BusinessHot News

How share awards lifted FirstRand chief Mary Vilakazi to a $5 million stake

Executive share awards boosted FirstRand CEO Mary Vilakazi’s holding to $5.04 million in 2026, marking a 60.1 percent surge in her beneficial equity.

Omokolade Ajayi Omokolade Ajayi
Anna Mokgokong
LuxuryHot News

South African tycoon Anna Mokgokong-linked investment group acquires Forever Resorts

Anna Mokgokong-linked Benus Trade and Invest has acquired South African hospitality group Forever Resorts, retaining its brand and operations.

Feyisayo Ajayi Feyisayo Ajayi