Tag: Featured

Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

BUA Foods adds $2.3 billion to Nigerian billionaire Abdul Samad Rabiu’s fortune

BUA Foods’ 2026 rally added $2.3 billion to Abdul Samad Rabiu’s fortune, driven by efficiency gains and stronger margins despite weaker revenue.

Feyisayo Ajayi Feyisayo Ajayi
Bidcorp executive share sale
BusinessHot News

Bidcorp CEO Bernard Berson, CFO sell $2.1 million shares to meet tax obligations

Bidcorp CEO Bernard Berson and CFO David Cleasby sold $2.1m shares to meet tax obligations, JSE filing shows, June 11, 2026.

Feyisayo Ajayi Feyisayo Ajayi
Hot News

Africa’s largest asset manager exits Mustek with $3 million stake sale

PIC exits Mustek with $3 million share sale amid weak earnings, leadership shifts, and ongoing pressure on South Africa’s tech sector.

Feyisayo Ajayi Feyisayo Ajayi
Vukile Property Fund results 2026
BusinessHot News

Vukile Property Fund profit hits 354 million on Europe retail expansion

Vukile Property Fund posts higher earnings and dividends, expands into Europe and Italy, driven by retail acquisitions and portfolio growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s Hyprop names Lucas Ndala to board amid Spar CEO transition

South Africa's Hyprop appoints Lucas Ndala, Oberholster to board as Spar CEO exit drives governance overhaul and strengthens investment oversight.

Feyisayo Ajayi Feyisayo Ajayi
IFC smart meter financing Rajasthan
Hot NewsGlobal News

IFC to fund $200 million smart meter rollout in Rajasthan, boosting India’s power grid

IFC proposes $200 million financing for Gemstar’s smart meters in Rajasthan, accelerating India’s power distribution overhaul.

Feyisayo Ajayi Feyisayo Ajayi
Hassan Allam
Hot NewsBusinessTechnology

Hassan Allam plans $400 million Egypt Data Center expansion after license approval

Hassan Allam plans $400M Egypt data center after cloud license approval, boosting digital infrastructure and regional tech ambitions.

Feyisayo Ajayi Feyisayo Ajayi
Clientèle buyout offer JSE delisting
BusinessHot News

South Africa’s Clientèle reaffirms buyout offer as delisting nears

Clientèle reaffirms R19.9 ($1.22) per share buyout as it advances JSE delisting, with tax considerations shaping final shareholder returns ahead of exit.

Feyisayo Ajayi Feyisayo Ajayi
South Africa's richest man Johann Rupert
Hot NewsBillionairesBusiness

South African billionaire Johann Rupert becomes second African to hit $20 billion

Johann Rupert hits $20.2 billion as Richemont luxury stock surges, making him the second African to pass the $20 billion mark.

Omokolade Ajayi Omokolade Ajayi
Lance Foxcroft, CEO of Italtile
BusinessHot News

Outgoing Italtile CEO Lance Foxcroft receives $1.2 million salary in 2025

Italtile CEO Lance Foxcroft salary 2025 rises to $1.2 million as earnings grow despite weak demand and retail pressure.

Timilehin Adejumobi Timilehin Adejumobi
Cape Town’s tourism sector held steady in 2025.
TourismBusinessHot News

Cape Town tourism holds steady as foreign visitors drive $1.5 billion in spending

Cape Town tourism stays steady in 2025 as international visitors drive $1.5 billion in spending and domestic travel weakens.

Omokolade Ajayi Omokolade Ajayi
African billionaires who own superyachts
Hot NewsLuxury

5 African billionaires who own superyachts

African billionaires expand into superyachts, signaling global luxury reach, investment shift, and rising influence in elite maritime markets.

Feyisayo Ajayi Feyisayo Ajayi