Tag: Featured

Absa Bank Uganda asset sale ruling
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Absa Bank Uganda cleared to sell Boss Beverages assets over $5.5 million debt

Absa Bank Uganda wins court approval to sell Boss Beverages assets, ending eight-year dispute over $5.5 million loan default.

Feyisayo Ajayi Feyisayo Ajayi
Chris Otto
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Capitec founding director Chris Otto to retire after AGM next month

Capitec founding director Chris Otto will retire after AGM on July 31, 2026, ending a 25-year era at South Africa’s largest retail bank group.

Feyisayo Ajayi Feyisayo Ajayi
MCB AXIAN Energy financing Africa
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MCB backs AXIAN Energy with $60 million financing to accelerate Africa expansion

MCB provides $60 million financing to AXIAN Energy to scale renewable projects and expand across Africa’s fast-growing power markets.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Africa’s richest man Aliko Dangote’s refinery cuts petrol, diesel, jet fuel prices

Aliko Dangote’s refinery has slashed domestic fuel prices in Nigeria following a decline in global crude costs spurred by a United States-Iran interim peace agreement.

Omokolade Ajayi Omokolade Ajayi
Zimbabwe's Parliament building
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Zimbabwe hikes minimum wage by 80% as new gold-backed currency steadies

Zimbabwe boosts unclassified minimum wage by 80 percent to $270 and sets new tiered pay scales for domestic staff.

Omokolade Ajayi Omokolade Ajayi
Nigerian executive Khalifa Biobaku.
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Nigerian executive Khalifa Biobaku exits UAC of Nigeria with $6.2 million share sale

Nigerian executive Khalifa Biobaku sells his remaining stake in UAC of Nigeria for N8.41 billion ($6.2 million), finalizing his full divestment.

Omokolade Ajayi Omokolade Ajayi
10 oldest publicly listed company
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Standard Bank eyes $15.4 billion growth market as African trade expands

Standard Bank targets a $15.4 billion African trade and SME banking market as cross-border commerce and regional growth accelerate across key economies.

Omokolade Ajayi Omokolade Ajayi
Lithium
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Nigeria wins $3 billion in mining investments as Africa halts cheap raw exports

Nigeria secures $3 billion in mining investments as African nations halt cheap raw exports to focus on local processing.

Omokolade Ajayi Omokolade Ajayi
South African executive Raymond Ndlovu.
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South African executive Raymond Ndlovu named chair of $1.2 billion logistics giant Grindrod

Raymond Ndlovu takes the helm as chairperson of Grindrod Limited, the logistics giant valued at $1.2 billion, ensuring strategic continuity.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

10 largest church congregations in Africa

Africa’s megachurches rank by weekly attendance, led by Nigeria’s vast Pentecostal networks shaping education, media and infrastructure across Africa

Feyisayo Ajayi Feyisayo Ajayi
Lesaka Bank Zero deal extension
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South Africa’s Lesaka extends $67.3 million Bank Zero deal deadline to 2027 amid regulatory approvals

Lesaka extends $67.3 million Bank Zero deal to 2027 as regulatory approvals delay a key fintech expansion in South Africa.

Feyisayo Ajayi Feyisayo Ajayi
Alios Finance acquisition impact
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Alios Finance Cameroon loses market lead one year after Ivorian businessman Serge-Aimé Bilé’s takeover

Alios Finance loses Cameroon credit lead to SCE one year after Credaf acquisition, amid sharp market share decline.

Feyisayo Ajayi Feyisayo Ajayi