Tag: Featured

Abdirashid Duale
BusinessHot News

Abdirashid Duale: Somali tycoon behind Dahabshiil’s global expansion

Abdirashid Duale, Somali tycoon helped transform Dahabshiil from a Somali remittance business into a global financial-services group.

Feyisayo Ajayi Feyisayo Ajayi
Ninety One
BusinessHot News

Prudential Authority sanctions Ninety One Assurance over compliance failures

Ninety One Assurance faces R6 million ($372,232) in sanctions after South Africa’s Prudential Authority found Financial Intelligence Centre Act breaches.

Feyisayo Ajayi Feyisayo Ajayi
Gautam Adani
BusinessHot News

Adani Airports raises $1 billion from global investors at $18 billion valuation

Adani Airports will raise $1 billion from global investors at an $18 billion valuation to expand India’s aviation infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Thom Mpinganjira, founder of FDH Bank
BusinessBillionaires

Malawian tycoon Thom Mpinganjira sees FDH Bank stake fall by nearly $100 million 

Thom Mpinganjira's FDH Bank stake loses $100 million as shares fall, even as the Malawian lender reports stronger earnings.

Timilehin Adejumobi Timilehin Adejumobi
Albaraka Bank
BusinessHot News

South Africa’s only fully fledged Islamic bank, Al Baraka, sanctioned by regulator

Albaraka Bank faces R1.6 million ($99,150) in penalties from South Africa’s Prudential Authority over cash reporting, suspicious transactions and compliance failures.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Bank's App
BusinessHot News

South African Reserve Bank fines Michiel Le Roux’s Capitec Bank $1.74 million

South Africa’s central bank fined Capitec R28 million ($1.74 million) for customer due diligence, employee training and anti-money laundering control failures.

Feyisayo Ajayi Feyisayo Ajayi
Ugandan businessman Charles Mbire.
BusinessHot News

Ugandan businessman Charles Mbire’s MTN Uganda stake tops $100 million

Charles Mbire’s MTN Uganda stake tops $100 million as shares gain nearly 40 percent in 2026, boosting the market value of his investment.

Omokolade Ajayi Omokolade Ajayi
Capitec Bank's App
BusinessHot News

South Africa’s Capitec expects 20% earnings leap on massive client surge

Capitec Bank expects half-year earnings to jump up to 20 percent after its client base surged past 26 million retail customers.

Omokolade Ajayi Omokolade Ajayi
South Korea’s Hyundai
BusinessHot News

South Korea’s Hyundai eyes Africa expansion in clean energy deal with AfDB

Hyundai Motor Group and the AfDB seal a clean energy pact to finance green industrial ventures, EV manufacturing, and infrastructure across Africa.

Omokolade Ajayi Omokolade Ajayi
Zarin Merali, Naushad Merali’s widow
BusinessHot News

Kenya’s Merali family expands empire with $2.6 million pharma plant

Kenya’s Merali family is expanding its industrial footprint with a $2.6 million pharmaceutical glass manufacturing plant in Mombasa’s Dongo Kundu SEZ.

Omokolade Ajayi Omokolade Ajayi
Wicknell Chivayo and President William Ruto
BusinessHot News

Zimbabwean businessman Wicknell Chivayo plans $200 million Kenya investment

Wicknell Chivayo plans to invest $200 million in Kenya through infrastructure projects as he expands his business interests across Africa.

Omokolade Ajayi Omokolade Ajayi
Standard bank Group and CEO Sim Tshabalala
BusinessHot News

Standard Bank, JUMO launch framework to expand financial inclusion across Africa

Standard Bank and JUMO launch a social finance framework to expand responsible lending and financial inclusion across nine African markets.

Feyisayo Ajayi Feyisayo Ajayi