Tag: Featured

Mohammed Jaffer empire Mombasa
BusinessHot News

Mohammed Jaffer’s empire: Power, controversy, making of modern Mombasa

Mohammed Jaffer’s empire shapes Mombasa’s economy, blending infrastructure gains with rising scrutiny over dominance, fuel scandal, and influence.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Namibia’s Capricorn Group director Elizabeth Fahl resigns from board

Capricorn Group director Elizabeth Fahl resigns after nearly five years, ending a tenure focused on governance and human capital strategy.

Feyisayo Ajayi Feyisayo Ajayi
Nigeria’s state-owned oil company, NNPC.
Hot NewsBusiness

Nigeria’s NNPC revenue drops 13% to $3.15 billion despite steady oil output

Nigeria's NNPC revenue fell to $3.15 billion in May as reservoir pressures and export limits squeezed earnings despite steady oil output.

Omokolade Ajayi Omokolade Ajayi
Sasini Tea Estate in Kenya, where tea, avocado, and macadamia crops are cultivated and harvested.
Hot NewsBusiness

Kenya eyes $8.3 billion agricultural plan to boost growth, slash food imports

Kenya launches a $8.3 billion agricultural plan, targeting private investors to fund a five-year overhaul to slash food imports and boost growth.

Omokolade Ajayi Omokolade Ajayi
Nigerian businessman and GTBank co-founder, Fola Adeola.
Hot NewsBusiness

GTBank’s co-founder Fola Adeola loses $130 million in Aradel sell-off

Fola Adeola loses $130 million in paper wealth as an NGX market correction hits Aradel Holdings shares.

Omokolade Ajayi Omokolade Ajayi
FirstRand chair Johan Burger
Hot NewsBusiness

FirstRand chair Johan Burger’s stake tops $30 million despite UK regulatory drag

Johan Burger's stake has climbed above $30 million, driven by rising South African banking stocks and a stronger rand.

Omokolade Ajayi Omokolade Ajayi
Mantengu Averi acquisition
BusinessHot News

Mantengu flags potential reverse takeover in $120 million AVERI Finance asset deal

Mantengu renews cautionary notice on $120 million Averi deal, a potential reverse takeover expanding into energy and infrastructure.

Feyisayo Ajayi Feyisayo Ajayi
Stellantis NV
BusinessHot News

Stellantis weighs future of $183 million South Africa factory amid strategy shift

Stellantis will decide the fate of its $183 million South Africa factory as the automaker shifts strategy toward affordable cars.

Omokolade Ajayi Omokolade Ajayi
Africa’s richest man, Aliko Dangote.
Hot NewsBillionairesBusiness

Africa’s richest man Aliko Dangote loses $743 million in 24 hours

Africa’s richest man Aliko Dangote suffers a $743 million setback as NGX sell-offs trim his fortune to $33.5 billion.

Omokolade Ajayi Omokolade Ajayi
Airtel Africa telecom
BusinessBillionairesHot News

Airtel Africa gets $150 million IFC financing to expand digital infrastructure across Africa

Airtel Africa secures $150 million IFC loan to expand networks, boost connectivity, and drive digital inclusion across underserved markets.

Feyisayo Ajayi Feyisayo Ajayi
Super Star supermarket brand under SPAR Group, showcasing retail presence and store operations.
Hot NewsBusiness

SPAR highlights retail’s role in tackling South Africa’s youth unemployment

SPAR Group shows how South African retail drives youth employment, skills development, and small business growth.

Omokolade Ajayi Omokolade Ajayi
World's richest person Elon Musk.
Hot NewsBillionairesBusiness

Elon Musk loses trillionaire status again after $66 billion wipeout in one day

Elon Musk drops below $1 trillion net worth as a single-day SpaceX stock selloff erases $66 billion from his fortune.

Omokolade Ajayi Omokolade Ajayi