Tag: Featured

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 expansion
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
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
OCI Global strategic overhaul
Hot News

OCI endorses $4.7 per share cash offer as Oceanwood withdraws mandate

OCI backs $4.7 per-share NNS cash offer as board weighs Orascom deal, citing better value than wind-down and limited alternatives.

Feyisayo Ajayi Feyisayo Ajayi
Haldane McCall market cap NGX
BusinessHot News

Haldane McCall’s market cap holds near $9 million 18 months after NGX listing 

Haldane McCall’s market cap holds near $9 million 18 months after NGX listing, despite weaker earnings and macroeconomic headwinds.

Feyisayo Ajayi Feyisayo Ajayi
Wole Oshin Custodian dividend payout
BusinessHot News

Wole Oshin boosts Custodian stake with new shares worth nearly $1 million

Wole Oshin buys nearly $1 million Custodian shares, reinforcing stake after dividend windfall and strong earnings growth.

Feyisayo Ajayi Feyisayo Ajayi
Baume & Mercier
LuxuryHot News

Johann Rupert’s Richemont completes sale of Baume & Mercier to Damiani Group

Richemont completes Baume & Mercier sale to Damiani Group, expanding its luxury watch portfolio and global retail footprint.

Feyisayo Ajayi Feyisayo Ajayi
Sadek El-Sewedy dividend
BusinessHot News

Egyptian businessman Sadek El-Sewedy bags $19 million dividend

Egypt’s Sadek El-Sewedy earns about $19 million dividend as Elsewedy Electric pays $74.5 million on strong cables, engineering and digital growth.

Feyisayo Ajayi Feyisayo Ajayi