Tag: Featured

Cameroon cocoa downturn
Hot NewsBusiness

Cameroon’s richest woman Kate Fotso eyes gains as cocoa prices top $3.5 per kg

Cameroon cocoa prices rebound above CFA2,000 ($3.46)/kg late in season, offering modest relief to exporters, including Kate Fotso’s Telcar Cocoa.

Feyisayo Ajayi Feyisayo Ajayi
Oceanwood
BusinessHot News

OCI Global weighs $4.7 cash offer as Orascom deal standoff deepens

OCI Global reviews NNS’ €4.1 ($4.7) cash bid as Orascom deal stalls, offering shareholders a potential exit amid governance dispute.

Feyisayo Ajayi Feyisayo Ajayi
Ahmed El-Sewedy, President and CEO of Elsewedy Electric
BusinessHot News

Elsewedy Electric launches $200 million industrial projects to boost exports

Elsewedy Electric launches $200 million industrial projects to expand manufacturing, boost exports, and strengthen Egypt’s supply chains.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Sirius Real Estate sells U.K. assets for $7 million, pivots to self-storage expansion

Sirius sells two U.K. assets for £5.3 million ($7 million), redeploying capital into higher-yield self-storage developments.

Feyisayo Ajayi Feyisayo Ajayi
Equity
BusinessHot News

Equity Group shareholders approve insurance expansion, $167 million dividend payout

Equity Group shareholders approve Kenya, DRC insurance expansion and KSh 21.7 billion dividend payout for FY2025.

Feyisayo Ajayi Feyisayo Ajayi
Kenya Airways lawsuit financial crisis
BusinessHot News

Kenya Airways faces $1 million lawsuit as losses hit $1.6 billion

Kenya Airways faces a $1 million U.S. lawsuit as losses hit $1.6 billion, underscoring liquidity strain and urgent capital needs.

Feyisayo Ajayi Feyisayo Ajayi
Sibanye-Stillwater bond offering
BusinessHot News

Sibanye says EVs to reach 35% of global car sales by 2034

Sibanye Stillwater sees EVs at 35% of global car sales by 2034, easing pressure on platinum and palladium demand outlook.

Feyisayo Ajayi Feyisayo Ajayi
AfDB
BusinessHot News

AfDB’s arm approves $9 million grant to boost East Africa financial integration

AfDB’s concessional arm approves $9 million to deepen East Africa financial integration, boosting markets, payments and cross-border investment.

Feyisayo Ajayi Feyisayo Ajayi
Mohammed Indimi
BusinessHot News

Nigerian oil tycoon Mohammed Indimi bags N1.4 billion in 2025 dividend payout

Mohammed Indimi earns N1.44 billion ($1.05 million) from Jaiz Bank dividend after strong 2025 earnings and shareholder-approved payout.

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

Nigerian stock selloff wipes $1.2 billion from Aliko Dangote’s net worth

A 10 percent plunge in Dangote Cement shares drove a $2.64 billion market loss, marking the sharpest one-day drop for Nigerian equities in 2026.

Omokolade Ajayi Omokolade Ajayi
WeLight's agent and customer
TechnologyBusinessHot News

Africa’s biggest solar mini-grid operator WeLight lands $31 million IFC-backed deal

IFC acquires a stake in WeLight, providing $31 million to accelerate solar mini-grid expansion across Nigeria and the DRC.

Omokolade Ajayi Omokolade Ajayi
South African executive Nishlan Samujh.
Hot NewsBusiness

South African executive Nishlan Samujh’s pay package declines to $2.3 million at Investec

Nishlan Samujh's remuneration at Investec fell to $2.3 million in fiscal 2026 as lower incentive awards and revised executive pay policies reduced total compensation.

Omokolade Ajayi Omokolade Ajayi