Tag: Featured

South African banking giant FirstRand.
Hot NewsBusiness

FirstRand says $1 billion UK redress charge to cut annual earnings

FirstRand faces a $1.02 billion UK provision hit, but robust banking growth across South Africa and broader African markets keeps core earnings resilient.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
Hot NewsBillionairesBusiness

Abdul Samad Rabiu loses $1 billion as Nigerian stocks suffer biggest one-day drop of 2026

Abdul Samad Rabiu lost $1.02 billion after a wave of selling on the NGX erased $2.64 billion in market value, marking the exchange's sharpest daily decline of 2026.

Omokolade Ajayi Omokolade Ajayi
Morocco berry farm expansion
BusinessHot News

Elite Agro invests $136 million in Morocco berry expansion, adding seventh farm

Elite Agro invests $136 million in Morocco berry expansion, opening a seventh farm to boost output and strengthen global export supply.

Feyisayo Ajayi Feyisayo Ajayi
OCP Group
BusinessHot News

Morocco’s OCP Group completes $531 million bond sale to strengthen capital base

OCP Group raises $531 million via perpetual bond, boosting capital strength and flexibility amid strong institutional investor demand.

Feyisayo Ajayi Feyisayo Ajayi
IFC FirstRand agri-MSME bond
BusinessHot News

FirstRand gets $103 million IFC backing to boost South Africa’s agri-SMEs

IFC will invest $103 million in FirstRand to expand agricultural MSME financing and strengthen South Africa’s capital markets.

Feyisayo Ajayi Feyisayo Ajayi
Titus Muya, the founder of Family Bank.
Hot NewsBusiness

Family Bank founder Titus Muya, allies gain $37 million as stock jumps 44% in NSE debut

Family Bank founder Titus Muya and allies gain $36.6 million as the lender’s shares jump 44 percent in their NSE market debut.

Omokolade Ajayi Omokolade Ajayi
Nairobi’s Le’Mac Tower
Hot NewsBusiness

Parts of Nairobi’s $41.5 million Le’Mac Tower set for auction

Part of Nairobi’s Le’ Mac Tower valued at $41.5 million goes to auction after developer enters administration over unpaid debts in Westlands.

Omokolade Ajayi Omokolade Ajayi
A platinum plant in Zimbabwe
Hot NewsBusiness

Zimbabwe’s platinum sector targets $2 billion in exports amid global demand

Zimbabwe’s platinum sector targets $2 billion in export receipts by 2027, driven by rising global demand, firmer prices, and smelter expansion.

Omokolade Ajayi Omokolade Ajayi
Late Nigerian banker Herbert Wigwe
BusinessHot News

Estate of Late Nigerian banker Herbert Wigwe sees Access Holdings stake top $52 million

Herbert Wigwe’s estate stake in Access Holdings tops $52 million as the lender’s share price rally boosts the value of its 5.71% holding.

Omokolade Ajayi Omokolade Ajayi
MTN Uganda digital access funding
BusinessHot News

MTN Uganda remits $1.2 million to boost digital access

MTN Uganda remits $1.2 million to expand digital access, funding connectivity projects in underserved communities nationwide.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BusinessBillionairesHot News

After $11 million Q1 revenue, Abdul Samad Rabiu brings BUA Rice back to market

BUA Foods brings back branded BUA Rice to boost domestic supply after the rice division generated $11 million in the first quarter of 2026.

Omokolade Ajayi Omokolade Ajayi
Kenyan banker James Mwangi
BusinessBillionairesHot News

Kenyan banking chief James Mwangi gains $12.1 million from Equity Group rally

James Mwangi’s Equity Group stake rises $12.1 million as shares climb 18.3 percent on Nairobi Securities Exchange amid strong earnings growth.

Omokolade Ajayi Omokolade Ajayi