Tag: Featured

KC Luxury
BusinessHot News

Nigerian influencer Afolabi Michael arrested by NDLEA over cocaine worth $28 million destined for UK

Nigerian influencer Afolabi Kazeem Micheal, known as KC Luxury, was arrested after NDLEA seized cocaine worth nearly $28 million bound for Britain.

Feyisayo Ajayi Feyisayo Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN Rwanda’s half-year profit more than triples to $11.7 million on mobile money, data growth

MTN Rwanda more than tripled first-half profit to $11.7 million as Mobile Money and data revenue increased, while lower finance costs and tighter spending boosted earnings.

Omokolade Ajayi Omokolade Ajayi
Tanzanian billionaire Mohammed Dewji
BillionairesBusinessHot News

Tanzanian billionaire Mohammed Dewji eyes regional growth and industrial expansion

Tanzanian billionaire Mohammed Dewji meets Nedbank Chairman Daniel Mminele to discuss capital access and funding cross-border industrial growth in Africa.

Omokolade Ajayi Omokolade Ajayi
Egyptian billionaire Naguib Sawiris.
BillionairesHot News

Orascom Investment Holding approves $10 million loan, Naguib Sawiris-led board

Orascom Investment Holding approves a $10 million shareholder loan as Naguib Sawiris leads a new three-year board mandate.

Feyisayo Ajayi Feyisayo Ajayi
Nipool Shah
BusinessHot News

Meet Nipool Shah, Kenyan property tycoon behind Dunhill’s growing real estate empire

Kenyan businessman Nipool Shah has built Dunhill into a diversified property group spanning offices, malls, warehouses, homes and valuations.

Feyisayo Ajayi Feyisayo Ajayi
kenya Airways
Hot NewsBusiness

Kenya rushes to sell stake in troubled national airline by year-end

Kenya is accelerating plans to sell a strategic stake in Kenya Airways by December 2026 to inject fresh capital and end persistent state cash bailouts.

Omokolade Ajayi Omokolade Ajayi
South African billionaire Patrice Motsepe.
BillionairesBusinessHot News

Patrice Motsepe’s net worth rebounds to $3.6 billion as mining stocks rise

Patrice Motsepe’s net worth has risen to $3.6 billion as African Rainbow Minerals and Harmony Gold shares gain on the Johannesburg Stock Exchange (JSE).

Omokolade Ajayi Omokolade Ajayi
Otunba Wale Jubril
Business

Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

Nigerian banker Wale Jubril named interim chair of FTN Cocoa 4 months after predecessor’s death

Feyisayo Ajayi Feyisayo Ajayi
Karl-Stefan Altmann
Hot NewsBusiness

Namibian finance executive Karl-Stefan Altmann joins Letshego Holdings board

Namibian finance executive Karl-Stefan Altmann has rejoined Letshego Holdings Namibia’s board as a non-executive director, effective Aug. 17, 2026.

Feyisayo Ajayi Feyisayo Ajayi
Absa Group, South Africa’s third-biggest lender.
BusinessHot News

Absa Group posts higher income as earnings, lending improve in first half of 2026

Absa Group reported higher first-half 2026 income and earnings as lending and deposits grew across its African operations.

Omokolade Ajayi Omokolade Ajayi
Capitec Bank HQ
BusinessHot News

Capitec overtakes FirstRand as Africa’s most valuable bank at $34.5 billion

Capitec overtakes FirstRand as Africa’s most valuable bank, reaching a $34.5 billion market capitalization after stronger earnings and share gains.

Omokolade Ajayi Omokolade Ajayi
Engr. Mohammed Sani Jaoji
BusinessHot News

Mohammed Sani Jaoji named CEO of Geregu Power after $29.4 million bond default

Geregu Power names Mohammed Sani Jaoji acting CEO after a $29.4 million bond default and sharp declines in revenue and profit.

Omokolade Ajayi Omokolade Ajayi