Tag: Featured

Femi Otedola First HoldCo stake
BillionairesBusinessHot News

Nigerian billionaire Femi Otedola, Samuel Babatunde Sule’s First HoldCo stake nears $700 million

Femi Otedola and Tunde Hassan-Odukale’s First HoldCo stake nears $700 million as banking stock rally lifts investor wealth on NGX.

Feyisayo Ajayi Feyisayo Ajayi
I&M Group headquarters at 1 Park Avenue, Nairobi, Kenya.
BusinessHot News

Kenya’s I&M Group posts $145 million profit in 2025; total assets hit $5.3 billion

Nairobi-based lender I&M Group posts a $145 million profit in 2025 as total assets reach $5.3 billion.

Omokolade Ajayi Omokolade Ajayi
Chakib Alj Forafric acquisition Morocco
BusinessHot News

Moroccan industrialist Chakib Alj’s $179 million Forafric deal to reshape North Africa’s agro‑industrial sector

Chakib Alj targets a $179 million Forafric stake, aiming to reshape Morocco’s milling sector and strengthen food security.

Feyisayo Ajayi Feyisayo Ajayi
Sunil Bharti Mittal, Founder and chair of Bharti Enterprises and Bharti Airtel
Hot NewsTechnology

Indian billionaire Sunil Bharti Mittal to step down in Airtel Africa leadership transition 

Sunil Bharti Mittal will retire as Airtel Africa chair in July 2026, with Gopal Vittal set to succeed him amid continued growth focus.

Timilehin Adejumobi Timilehin Adejumobi
Workers sorting avocados at Kakuzi Plc processing facility in Kenya
BusinessHot News

Kenya’s Kakuzi returns to profit, doubles dividend on $26.6 million avocado sales

Kakuzi Plc, the Nairobi-based agricultural firm partly owned by Kenyan businessman John Kibunga Kimani, returned to profit in 2025 after a loss a year earlier, supported by stronger avocado sales, lower costs, and stable income from forestry, livestock, and blueberries. The recovery led the company to double its dividend, signaling renewed operational confidence. Dividend doubles after profit recovery The leading…

Omokolade Ajayi Omokolade Ajayi
Choppies profit decline
BusinessHot News

Botswana’s Choppies sees half-year profit fall to $5.6 million as retail pressures mount

Choppies profit falls 33% to $5.6 million as rising costs pressure margins despite steady revenue growth and expansion.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Uganda Airlines secures $113 million for fleet expansion as Kenya Airways seeks $2 billion rescue

Uganda Airlines secures $113 million to expand its fleet as Kenya Airways seeks $2 billion from investors to stabilize operations.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

IFC partners Cashi to expand digital payments in Chad’s low-connectivity markets

IFC partners Cashi to expand digital payments in Chad, targeting low-connectivity markets and boosting financial inclusion.

Feyisayo Ajayi Feyisayo Ajayi
Royal Bafokeng Nation wealth
BillionairesBusinessHot News

South Africa’s royal Bafokeng nation sees stake in OUTsurance hits $837 million

South Africa’s Royal Bafokeng Nation holds $837.1 million in OUTsurance shares, reflecting a powerful community-owned investment model.

Feyisayo Ajayi Feyisayo Ajayi
Oge Elumelu, Tony O. Elumelu, CFR, and Dr. Awele Vivien Elumelu.
BusinessHot News

Heirs Energies drives African entrepreneurship, invests $10 million in 2,000 startups

Heirs Energies invests $10 million in 2,000 African startups, supporting entrepreneurs with capital, mentorship, and growth opportunities.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Remgro posts $307 million half-year earnings; Mediclinic and Rainbow boost results

Remgro posts $307 million half-year earnings, boosted by Mediclinic, Rainbow Chicken, and strong portfolio performance.

Omokolade Ajayi Omokolade Ajayi
Hitesh Anadkat, Malawian billionaire and co-founder of FMB Capital Holdings.
BusinessExclusiveHot News

Malawian billionaire Hitesh Anadkat loses $297 million following record $1.69 billion gain

Malawian billionaire Hitesh Anadkat sees $297 million drop in FMB Capital stake after $1.69 billion gain in 2025.

Omokolade Ajayi Omokolade Ajayi