Tag: Featured

TechnologyBusinessHot News

MTN CEO Ralph Mupita: Nigerian, Ugandan fintech spinoffs entering final stages

MTN Group is in the final stages of spinning off its Nigerian and Ugandan fintech units, clearing the path for strategic minority stake sales.

Omokolade Ajayi Omokolade Ajayi
Ghana’s Sentuo oil refinery.
Hot NewsBusiness

Ecobank leads $200 million push to double Ghana’s Sentuo Oil Refinery capacity

Ecobank leads a $200 million syndicated facility to expand the $1.98 billion Sentuo refinery, cutting Ghana's dependency on foreign oil.

Omokolade Ajayi Omokolade Ajayi
South African executive Dawie de Villiers.
Hot NewsBusiness

South African executive Dawie de Villiers steers Alexforbes to $44 billion in assets

Alexforbes assets hit $44.4 billion under Dawie de Villiers as 2026 normalized profit jumps 22 percent amid retail and platform growth.

Omokolade Ajayi Omokolade Ajayi
Business moguls reshaping African pharma
BusinessHot News

Top 10 pharmaceutical moguls behind Africa’s healthcare

Africa’s pharma sector pushes local production as import dependence exceeds 70%, exposing supply chains to global shocks and disruptions.

Feyisayo Ajayi Feyisayo Ajayi
Titan Fincap restructuring deal
BusinessBillionairesHot News

Titan Fincap restructures $305 million Shoprite share-backed financing in major collateral overhaul 

Titan Fincap has restructured $305 million Shoprite share-backed financing, consolidating collateral and derivative positions tied to Christo Wiese

Feyisayo Ajayi Feyisayo Ajayi
FirstRand earnings 2025
BusinessHot News

South African banker Harry Kellan earns $3 million pay at FirstRand in 2025

South African banker Harry Kellan earned $3.04 million in 2025 at FirstRand, overseeing First National Bank and WesBank leadership performance growth performance.

Feyisayo Ajayi Feyisayo Ajayi
NERC headquarters building in Abuja’s Central Business District, Nigeria’s capital administrative district.
Hot NewsBusiness

Nigeria’s power sector bleeds $230 million over unpaid energy bills in Q1 2026

Nigeria’s power distributors lost $230 million in Q1 2026 as unbilled electricity, unpaid customer debts, and power theft deepened sector losses.

Omokolade Ajayi Omokolade Ajayi
Ultra-modern hospital in Kenya showcasing advanced medical facilities and contemporary architecture.
Hot NewsBusiness

Kenya’s cancer care drive gets boost with $4.7 million specialist hospital in Nairobi

RVL Healthcare to build a $4.7 million specialist cancer hospital in Nairobi to expand advanced oncology care in Kenya.

Omokolade Ajayi Omokolade Ajayi
Nigerian mogul Samuel Bolarinde.
ExclusiveBusinessHot News

Nigerian mogul Samuel Bolarinde’s Vitafoam stake nears $25 million

Samuel Bolarinde's Vitafoam stake nears $25 million as a major NGX rally drives the foam maker's market cap to $232 million.

Omokolade Ajayi Omokolade Ajayi
Boschendal wine estate transformation
LuxuryHot News

How Boschendal, sold for $50 million, became part of South African billionaire Tony Tabatznik’s winelands empire 

Boschendal evolved from a $50 million sale into a diversified rural economy under billionaire Tony Tabatznik’s Cape Winelands strategy.

Feyisayo Ajayi Feyisayo Ajayi
Johannesburg-based investor Genevieve Sangudi.
Hot NewsBusiness

Johannesburg-based investor Genevieve Sangudi, partners lead Alterra to 10 exits in 30 months

Genevieve Sangudi and partners at Alterra have led 10 portfolio exits in just over 30 months, including the sale of TiAuto to Marubeni.

Omokolade Ajayi Omokolade Ajayi
MTN Group logo, representing the pan-African telecom operator.
TechnologyBusinessHot News

MTN targets Nigeria’s $236 billion credit gap with direct lending push

MTN Group plans to launch direct lending in Nigeria to target a $236 billion funding gap and disrupt African banking.

Omokolade Ajayi Omokolade Ajayi