Tag: Featured

Kenyan banker Rasik Kantaria
Hot NewsBusiness

Kenyan banker Rasik Kantaria to get $4.9 million dividend from Mauritius-based lender FMBcapital

Rasik Kantaria secures a $4.9 million dividend as regional lender FMBcapital reports record profits of $152.2 million.

Omokolade Ajayi Omokolade Ajayi
Port of Cape Town
BusinessHot News

Port of Cape Town ranks last globally, sparking urgent privatization push

Cape Town urges Transnet reforms after Port of Cape Town ranks last in global index amid delays, equipment failures, and trade concerns.

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

Beninese-Gabonese oil mogul Samuel Dossou-Aworet buys Aradel shares worth $221 million

He acquired 171,793,774 ordinary shares through Petrolin Trading Limited, strengthening his position in Nigeria’s energy sector.

Omokolade Ajayi Omokolade Ajayi
Heriot REIT Katleho acquisition
BusinessHot News

Heriot REIT to acquire 75% stake in Katleho Property Investments in $7.84 million deal

Heriot REIT to acquire 75% of Katleho Property Investments in $7.84 million deal, expanding income-generating office assets portfolio.

Feyisayo Ajayi Feyisayo Ajayi
Capitec Mouton stake exceeds $2 billion
BusinessHot News

South African billionaire Jannie Mouton’s Capitec stake exceeds $2 billion

Mouton family’s Capitec stake tops $2 billion as share rally boosts value and investor confidence on Johannesburg Stock Exchange.

Feyisayo Ajayi Feyisayo Ajayi
Zeder asset disposal strategy
BusinessHot News

PSG arm Zeder exits eight assets in six years as it shifts to “harvesting” mode

Zeder exits eight assets in six years, raising R11.09 billion ($675 million) as it shifts from expansion to harvesting and capital returns for shareholders gains

Feyisayo Ajayi Feyisayo Ajayi
Prosus N.V
TechnologyBusinessHot News

Prosus projects 28% profit surge on Tencent, e-commerce gains

Prosus expects earnings growth up to 28 percent, driven by strong performance across its internet portfolio and Tencent gains.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Aradel profit jumps to $555 million as gas, oil acquisitions pay off

Aradel Holdings' profit hit $555.7 million in 2025 as production gains and strategic upstream acquisitions drove growth.

Omokolade Ajayi Omokolade Ajayi
South African banking executive Andiswa Bata.
BusinessHot News

South African executive Andiswa Bata gets $1.2 million Nedbank pay

Andiswa Bata earned $1.2 million in 2025 at Nedbank, combining salary, incentives, and buyouts tied to her executive role.

Omokolade Ajayi Omokolade Ajayi
Malawi’s richest man Hitesh Anadkat.
BillionairesBusinessHot News

Malawi’s richest man Hitesh Anadkat set for $7.47 million FMBcapital payout

Malawi’s richest man Hitesh Anadkat to receive $7.47 million dividend from FMBcapital after profit jumps to $152.2 million.

Omokolade Ajayi Omokolade Ajayi
Zanele Matlala
BusinessHot News

Stefanutti Stocks chair Zanele Matlala to retire after August AGM

Stefanutti Stocks chair Zanele Matlala will retire after Aug. 7 AGM, prompting board reshuffle and leadership transition.

Feyisayo Ajayi Feyisayo Ajayi
Naspers Limited, the Cape Town-based group chaired by Koos Bekker.
TechnologyBusinessHot News

South African giant Naspers forecasts 28% earnings jump on e-commerce growth

Naspers expects up to 28 percent earnings growth as e-commerce strength and global internet investments boost profitability across key markets.

Omokolade Ajayi Omokolade Ajayi