Tag: Featured

United Bank for Africa Plc (UBA)
BusinessHot News

UBA opens subscription channel for Dangote Refinery IPO, invites investors to participate

UBA opens subscription channels for the Dangote Refinery IPO, offering eligible investors access to 4.1 billion shares at ₦525 each.

Omokolade Ajayi Omokolade Ajayi
Park Hyatt Johannesburg
Hot NewsBusiness

Hamza Farooqui’s Park Hyatt Johannesburg: The $90 million bet reshaping Rosebank’s luxury scene

Hamza Farooqui’s more than $90 million Park Hyatt Johannesburg blends African luxury, personalised service and global hospitality in Rosebank.

Feyisayo Ajayi Feyisayo Ajayi
Harmony Gold
BusinessHot News

Harmony Gold reports second worker death at South Africa mine in September

Harmony Gold reports its second worker death in September after a fatal underground seismic event at its Mponeng mine in South Africa.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

Africa’s richest man Aliko Dangote eyes $60B fortune as refinery IPO opens

Aliko Dangote is targeting a $60 billion net worth as the $49 billion public listing of his mega-refinery opens to retail buyers.

Omokolade Ajayi Omokolade Ajayi
Shoprite
BusinessHot News

Shoprite grants top brass $7 million in share awards as Pieter Engelbrecht gets 119,175 shares

Shoprite awards executives R112.71 million ($6.9 million) in shares, with CEO Pieter Engelbrecht receiving 119,175 awards worth R35.46 million ($2.17 million).

Feyisayo Ajayi Feyisayo Ajayi
Africa’s richest person Aliko Dangote
BusinessBillionairesHot News

Aliko Dangote becomes world’s 36th richest man with $51.1 billion fortune

Aliko Dangote is now the world’s 36th-richest person with a $51.1 billion fortune as his refinery launches a $1.6 billion IPO.

Omokolade Ajayi Omokolade Ajayi
Terra Industries founders Nathan Nwachuku and Maxwell Maduka.
TechnologyBusinessHot News

Terra Industries wins $1 million mining security contract in Nigeria

Terra Industries wins a $1 million contract to provide autonomous security for Anka Metals’ Jema’a mining project in Kaduna.

Omokolade Ajayi Omokolade Ajayi
Nairobi-based Watu
TechnologyBusinessHot News

Nairobi-based Watu secures $7 million debt facility from AHL Venture Partners

Watu has secured a $7 million debt facility from AHL Venture Partners to expand lending across selected African markets.

Omokolade Ajayi Omokolade Ajayi
Kenya's Twiga Foods
BusinessHot News

Kenya’s Twiga Foods falls into administration after raising $185 million

Kenya’s Twiga Foods enters administration after raising $185 million, following years of debt, losses and restructuring efforts.

Omokolade Ajayi Omokolade Ajayi
Optasia Limited, the Dubai-headquartered and JSE-listed fintech company
TechnologyBusinessHot News

Optasia profit surges 58% to $36.9 million on booming mobile financial services

Optasia’s net profit jumped 58 percent to $36.9 million in H1 2026, driven by an 84 percent surge in mobile financial services across African markets.

Omokolade Ajayi Omokolade Ajayi
Lucas Legabe
BusinessHot News

South African businessman Lucas Legabe granted bail over $13 million cocaine theft case

South African businessman Lucas Legabe was granted R50,000 ($3,080) bail over alleged theft of cocaine worth $13.31 million from a Hawks facility.

Feyisayo Ajayi Feyisayo Ajayi
Carrefour Kenya
BusinessHot News

Carrefour Kenya reports $377 million revenue amid rising local competition

Carrefour Kenya generated $377.4 million in revenue in 2025 as store expansion strengthens its position in Kenya’s competitive retail market.

Omokolade Ajayi Omokolade Ajayi