Tag: Featured

Murray Roberts $77.3 million asset sale
BusinessHot News

Murray & Roberts completes $77.3 million deal to anchor business rescue plan

Murray & Roberts completes $77.3 million mining asset sale, advancing business rescue and stabilizing operations after prolonged financial strain.

Feyisayo Ajayi Feyisayo Ajayi
African tech unicorns
TechnologyHot News

Naspers, led by Koos Bekker, reports $10 billion in revenue for 2026

Naspers posts $10 billion revenue for 2026 as AI ecosystem growth drives profits, cash flow, and shareholder returns across global markets.

Feyisayo Ajayi Feyisayo Ajayi
Adesuwa Okunbo Rhodes Aruwa Capital
BusinessHot News

Adesuwa Rhodes: Nigerian venture capitalist managing over $80 million in assets

Adesuwa Rhodes builds Aruwa Capital into a rising PE firm, managing about $80 million while backing high-growth African businesses.

Feyisayo Ajayi Feyisayo Ajayi
Egypt
BusinessHot News

Egypt lists Petroleum Marine Services, 3 others to advance state offerings program

Egypt lists four state firms on EGX, advancing offerings program, boosting transparency, and preparing assets for future public listings.

Feyisayo Ajayi Feyisayo Ajayi
Araxi shareholder sells shares to clear debt
BusinessHot News

Araxi shareholder sells 40 million shares to clear debt, cuts stake to 2.7%

Araxi shareholder CAET sells 40 million shares to repay debt, reducing stake to 2.7% and unlocking future beneficiary value.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
Hot NewsBillionairesBusiness

Africa’s richest man Aliko Dangote loses $2.6 billion in less than one month

A broad Nigerian stock market sell-off erases $2.6 billion from Aliko Dangote's fortune in less than a month as cement shares tumble.

Omokolade Ajayi Omokolade Ajayi
FlyGabon
Hot NewsBusiness

NAHCO lands FlyGabon deal, boosts solar cargo exports

NAHCO expands regional aviation operations with a new FlyGabon contract and handles major solar cell cargo exports from Lagos to the US.

Omokolade Ajayi Omokolade Ajayi
Alan raises $460 million after Kylian Mbappé
TechnologyBusinessHot News

Startup raises $460 million months after Kylian Mbappé’s backing

Alan raises $460 million after Kylian Mbappé's investment, reaching a $6.3 billion valuation as it expands AI-powered healthcare services.

Omokolade Ajayi Omokolade Ajayi
Casablanca Port
Hot NewsBusiness

How Morocco cut Casablanca Port delays in half to protect African food imports

Morocco cuts Casablanca Port delays in half, streamlining cereal and livestock feed imports to protect regional food security amid rising trade.

Omokolade Ajayi Omokolade Ajayi
Beninese-Gabonese oil billionaire Samuel Dossou-Aworet
BillionairesBusinessHot News

Beninese-Gabonese oil billionaire Samuel Dossou-Aworet to pocket $8.9 million Aradel dividend after record year

Samuel Dossou-Aworet is set to receive an $8.9 million Aradel dividend after the Nigerian energy producer posted record 2025 earnings.

Omokolade Ajayi Omokolade Ajayi
Africa finance sector leaders
BusinessHot News

10 business icons shaping Africa’s finance sector

Africa’s top financiers are reshaping banking and fintech, driving cross-border growth, digital innovation, and financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi
Orascom Pyramids
Hot NewsTourism

Orascom Pyramids to invest $10 million in Giza Plateau expansion

Orascom Pyramids plans $10 million Giza expansion, targeting up to $70 million revenue and higher visitor spending through premium services.

Feyisayo Ajayi Feyisayo Ajayi