Tag: Featured

Capricorn group
CompaniesBusinessHot News

Namibia’s Capricorn Group seeks approval for Centrafin control change

Namibia’s Capricorn Group seeks noteholder approval for its planned Centrafin acquisition, with a Nov. 16 deadline to avoid debt servicing disruptions.

Feyisayo Ajayi Feyisayo Ajayi
Nedbank
BusinessBankingHot News

Nedbank’s $856 million NCBA takeover becomes unconditional

Nedbank’s $856 million takeover of Kenya’s NCBA Group has become unconditional, paving the way for settlement and completion in November 2026.

Feyisayo Ajayi Feyisayo Ajayi
Ninety One
BusinessCompaniesHot News

South Africa’s Ninety One buys back $29 million in shares across UK, JSE

Dual-listed asset manager Ninety One repurchased $29 million in shares across the UK and South Africa, permanently retiring equity to reward holders.

Omokolade Ajayi Omokolade Ajayi
Dr. Awele Vivien Elumelu.
Hot NewsBusinessHospitality

Dr. Awele Elumelu leads Transcorp Hotels to $11.7 million nine-month profit

Transcorp Hotels recorded a profit of $11.7 million in 2026 under Dr. Awele Elumelu, driven by lower finance costs and tight expense management.

Omokolade Ajayi Omokolade Ajayi
Glencore
MiningBusinessCompaniesHot News

Glencore backs South Africa copper revival with $40 million bet

Glencore is backing Orion Minerals with $40 million to kick-start South Africa’s Prieska copper-zinc mine, targeting first ore by late 2027.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Tony Elumelu.
BillionairesBusinessHot News

After New York and Paris talks, Nigerian billionaire Tony Elumelu leads $15 billion West Africa infrastructure push

Tony Elumelu leads a $15 billion West Africa infrastructure push as investors target power, transport, trade and digital networks.

Omokolade Ajayi Omokolade Ajayi
Shirley Machaba
ExecutivesHot News

Former PwC South Africa CEO Shirley Machaba joins Sun International board 

Former PwC Southern Africa CEO Shirley Machaba joins Sun International’s board and audit committee, bringing over 35 years of governance experience.

Feyisayo Ajayi Feyisayo Ajayi
Michael Ade-Ojo Custodian stake
BusinessBillionairesMarkets

Nigerian auto magnate Michael Ade-Ojo’s stake in Custodian drops to $60 million

Michael Ade-Ojo's Custodian stake falls to $60 million as shares retreat, despite stronger revenue and profit in H1 2026.

Timilehin Adejumobi Timilehin Adejumobi
Fairvest
BusinessCompaniesHot NewsLatest

Fairvest doubles fundraising target to $76 million as investors back retail expansion

Fairvest raises $76 million in an oversubscribed equity offering, more than doubling its target to fund retail property acquisitions.

Feyisayo Ajayi Feyisayo Ajayi
Renaissance Africa Energy_ Tony Attah
Hot NewsBusinessEnergyLatest

Renaissance Africa Energy secures $4.4 billion financing for Nigerian oilfield contractors

Renaissance Africa Energy secures $4.4 billion in financing for Nigerian oilfield contractors as it targets 500,000 barrels per day by 2030.

Feyisayo Ajayi Feyisayo Ajayi
Morocco hospitality expansion
BusinessCompaniesHospitality

Pickalbatros secures $250 million IFC, Attijariwafa financing for Morocco expansion

Pickalbatros secures $250 million from IFC and Attijariwafa Bank to acquire Casablanca hotels, upgrade Moroccan resorts and refinance debt.

Feyisayo Ajayi Feyisayo Ajayi
Oryx Tanzanian deal by Amsons Edha Nahdi
BusinessEnergyHot NewsLatest

Amsons targets East Africa’s fuel supply chain with Oryx Tanzania deal

Amsons Group has agreed to acquire Oryx Energies’ Tanzanian oil business for more than $230 million, expanding its fuel distribution network.

Feyisayo Ajayi Feyisayo Ajayi