Tag: Featured

Elsewedy Electric Q1 profit growth
BusinessHot News

Egypt’s Elsewedy Electric expands Saudi grid with six high-voltage substations

Elsewedy Electric delivers six substations in Saudi Arabia, boosting grid reliability and supporting rising power demand across key regions.

Feyisayo Ajayi Feyisayo Ajayi
Mary Vilakazi, First female Chief Executive Officer of FirstRand, South Africa’s $30 billion banking group.
BusinessExclusiveHot News

Mary Vilakazi: First female CEO of South Africa’s $30 billion lender, FirstRand

Mary Vilakazi oversees FirstRand, positioning the group at the center of Africa’s expanding financial services industry.

Omokolade Ajayi Omokolade Ajayi
Centum share buyback Kenya
BusinessHot News

Kenyan investment firm Centum completes share buyback, acquires 10.8 million shares

Centum completes share buyback, acquiring 10.8 million shares to strengthen capital structure and boost long-term shareholder value.

Feyisayo Ajayi Feyisayo Ajayi
Fani Titi Investec compensation 2025
BusinessHot News

Fani Titi earns $4.51 million as Investec CEO pay drops 36% in 2025

Investec CEO Fani Titi earns $4.51 million in 2025, as compensation drops 35.9% on weaker long-term incentives despite steady leadership.

Feyisayo Ajayi Feyisayo Ajayi
Wema Bank
BusinessHot News

Wema Bank records $5.3 million fraud exposure as insider risks climb in Nigeria

The figures mark a sharp increase from 2024, when fraud exposure stood at N255.9 million ($188,000), with losses limited to N29.4 million ($21,500).

Editorial Team Editorial Team
Fani Titi Investec compensation 2025
BusinessHot News

Investec secures $200 million IFC loan to scale green housing finance in South Africa

Investec secures $200 million IFC loan to expand green housing finance and accelerate low-carbon property development in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Gemfields mining revenue governments Africa
BusinessHot News

Gemfields reports up to 26% revenue share to African governments from ruby, emerald operations

Gemfields says up to 26% of African mining revenue went to governments over a decade, reinforcing transparency and fiscal impact.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu
BusinessHot News

Nigerian billionaire Abdul Samad Rabiu to pocket N806 billion from BUA Foods, Cement

Abdul Samad Rabiu to collect N806 billion from dividends of BUA Foods and BUA Cement following record profits and growth in 2025.

Omokolade Ajayi Omokolade Ajayi
BusinessExclusiveHot News

$3.3 billion gold offtake deal links Singapore’s Trafigura with Ghanaian mine

Trafigura signs $3.3 billion gold deal to buy 700,000 ounces from Ghana’s Bogoso–Prestea mine.

Omokolade Ajayi Omokolade Ajayi
Johann Rupert, chairman of Richemont and Remgro Limited.
BusinessHot News

South Africa’s richest man, Johann Rupert, gains $1.7 billion on Richemont rebound

Johann Rupert gains $1.7 billion, lifting his net worth to $17.7 billion and strengthening his position as South Africa’s richest man.

Omokolade Ajayi Omokolade Ajayi
2030 FIFA World Cup
EntertainmentHot NewsSports

Morocco’s creative sector poised for growth ahead of 2030 FIFA World Cup, $4.6 billion opportunity

Morocco’s creative industries surge ahead of 2030 FIFA World Cup, generating $4.6B revenue and 116,000 jobs.

Feyisayo Ajayi Feyisayo Ajayi
RMH South Africa takeover
BusinessHot News

South Africa’s RMH moves to overhaul board as AttBid takeover nears completion

South Africa’s RMH nears full takeover by AttBid, triggering board overhaul and signaling the final step in asset monetization.

Feyisayo Ajayi Feyisayo Ajayi