Tag: Featured

Neal Froneman DRA Global mining
BusinessHot News

Sibanye Stillwater’s former CEO, Neal Froneman, pivots to next frontier at DRA Global

Former Sibanye Stillwater CEO Neal Froneman becomes senior strategic adviser at DRA Global, shifting to mining strategy and project dev globally.

Feyisayo Ajayi Feyisayo Ajayi
Kenya forex losses tax ruling
BusinessHot News

Kenya’s Del Monte wins $2.1 million court ruling on forex loss tax deductions

Del Monte wins $2.1 million tax appeal as Kenya court allows forex losses from debt-to-equity conversions as deductible expenses.

Feyisayo Ajayi Feyisayo Ajayi
Lagos-based lender Wema Bank Plc.
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Wema Bank’s Q1 2026 profit rises to $46.4 million on stronger lending income

Wema Bank's profit after tax rose to $46.4 million in Q1 2026, driven by a surge in net interest income and continued retail and corporate loan growth across Nigeria.

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

With nearly $20 billion fortune, Johann Rupert is back as Africa’s second-richest person

Johann Rupert is back as Africa’s second-richest person with a $19.9 billion fortune as luxury group Richemont edges ahead of BUA's Rabiu.

Omokolade Ajayi Omokolade Ajayi
Harel Mallac & Co. Limited, a Mauritius-based diversified conglomerate.
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Mauritius-based Harel Mallac steers recovery as turnaround efforts lift revenue to $72.5 million

Port Louis-based diversified conglomerate Harel Mallac returns to operating profit as turnaround efforts lift revenue to $72.5 million.

Omokolade Ajayi Omokolade Ajayi
Nigerian agribusiness entrepreneur Rotimi Opeyemi.
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Nigerian agribusiness entrepreneur Rotimi Opeyemi leads JR Farms Group to $60 million Liberia coffee deal

Nigerian agribusiness entrepreneur Rotimi Opeyemi’s JR Farms Group signs a $60 million Liberia coffee deal to expand production, exports, and rural jobs.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Midroc Ethiopia gets $80 million loan to revamp Sheraton Addis hotel

Midroc Ethiopia secures $80 million loan to revamp Sheraton Addis and build new hotel, boosting tourism, jobs and private-sector growth.

Feyisayo Ajayi Feyisayo Ajayi
Africa economic zones infrastructure
BusinessHot News

Africa’s 15 most vital economic and infrastructure-linked zones

Africa’s most vital economic zones drive trade, investment, and jobs through integrated infrastructure linking ports, rail, power, and corridors.

Feyisayo Ajayi Feyisayo Ajayi
Standard Bank housing finance investment
BusinessHot News

Standard Bank Group CEO Sim Tshabalala to retire in 2027 amid succession planning

Standard Bank CEO Sim Tshabalala will retire in 2027 as Africa’s largest lender begins a planned leadership transition.

Feyisayo Ajayi Feyisayo Ajayi
Airtel Africa Foundation $6.2 million investment
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Airtel Africa Foundation invests $6.2 million in education, digital inclusion across Africa

Airtel Africa Foundation invests $6.2 million to expand education, digital access, and skills development across underserved African communities.

Feyisayo Ajayi Feyisayo Ajayi
Ufundi SACCO Co-op Plaza sale
BusinessHot News

Kenya’s 54-year-old Ufundi SACCO lists Co-op Plaza for sale over $2 million loan

Ufundi SACCO lists Nairobi’s Co-op Plaza for sale to settle a $2 million loan after a court-backed ownership ruling.

Feyisayo Ajayi Feyisayo Ajayi
KCB BANK
BusinessHot News

KCB expands climate finance, screens $4.5 billion in transactions

KCB screens $4.54 billion transactions, expands green lending, surpasses sustainability targets across East Africa markets.

Feyisayo Ajayi Feyisayo Ajayi