Tag: Featured

BusinessHot News

Nigerian executive Owen Omogiafo says government’s commitment to energy debt promises gains for Transcorp

Nigeria’s plan to settle energy debt could strengthen Transcorp, improving operations and funding growth in power and energy infrastructure.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Ghanaian businessman bids to take over gold mine from Africa’s biggest miner

Ibrahim Mahama bids to take control of Ghana’s Damang gold mine, backed by a $205 million loan to expand operations.

Omokolade Ajayi Omokolade Ajayi
Supermarket Income REIT refinancing
BusinessHot News

Supermarket Income REIT expands $583 million facility to refinance debt

Supermarket Income REIT expands £437 million ($583.24 million) loan to refinance debt, boosting liquidity and strengthening its grocery property portfolio.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s Vukile buys $202 million stake in Barcelona mall

Vukile acquires a $202 million stake in Barcelona’s Splau mall, partnering with Unibail-Rodamco-Westfield to grow in Spain.

Omokolade Ajayi Omokolade Ajayi
Ezz Steel Algeria expansion
BusinessHot News

Elsewedy Electric deepens Saudi Arabia push with $3 billion project pipeline

Elsewedy Electric deepens Saudi Arabia push with $3 billion projects as international revenue climbs to 70% of total.

Feyisayo Ajayi Feyisayo Ajayi
Robert L Johnson companies
BillionairesHot News

20 business empires owned by the world’s first Black billionaire, Robert L. Johnson

How Robert L. Johnson built a diversified empire, from BET to hotels, private equity, and African investments, reshaping Black wealth.

Feyisayo Ajayi Feyisayo Ajayi
Court backs Equity Bank in loan recovery
BusinessHot News

Kenyan court clears Equity Bank to auction Riverside office block over $9.5 million default

Kenyan court clears Equity Bank to auction Nairobi office block over $9.5 million loan default, dismissing Chase Bank’s bid to halt sale.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

Nigerian monarch Lamido Sanusi, the Emir of Kano, takes home N442 million from MTN

Lamido Sanusi, Emir of Kano, received N442 million from MTN in 2025 as the telecom firm posted a recovery in key African markets.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Acsion approves $1 million hotel contract variation in related-party deal

Acsion approves $1 million variation orders on a related-party hotel contract, raising total project value to R104.75 million ($6.28 million).

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South Africa’s Woolworths to buy $300 million convenience foods supplier, in2food

Woolworths to acquire in2food, boosting premium food supply, supply chain efficiency, and innovation under its existing management.

Omokolade Ajayi Omokolade Ajayi
Africa listed hotel companies
Hot NewsLuxury

Why Africa’s hospitality industry has few listed hotel brands

Africa’s hotel sector is fragmented, with few listed firms as local owners control assets while global brands dominate management.

Feyisayo Ajayi Feyisayo Ajayi
ExclusiveHot News

MTN CEO Ralph Mupita earns $4.1 million as telecom giant returns to profit

MTN Group posts $2.81 billion profit; CEO Ralph Mupita takes home $4.1 million in 2025 compensation.

Omokolade Ajayi Omokolade Ajayi