Tag: Featured

Cytonn asset auction Kenya
BusinessHot News

Kenya launches auction of Cytonn asset linked to Edwin Dande to recover $85 million for investors

Kenya auctions Cytonn real estate linked to Edwin Dande to recover $85 million, aiming to repay investors and restore confidence in structured investments.

Feyisayo Ajayi Feyisayo Ajayi
Labat Africa AI technology distribution
BusinessHot News

Labat Africa’s Ahnamu inks global tech supply deal with Dubai’s Shafi Inc

Labat Africa’s Ahnamu signs global AI tech supply deal with Dubai’s Shafi Inc, expanding Africa’s computing and ICT footprint.

Feyisayo Ajayi Feyisayo Ajayi
IFC backs Angola SMEs with trade finance facility
BusinessHot News

IFC backs trade finance facility to boost Angola’s SMEs and supply chains

IFC has launched trade finance facility to support Angolan businesses, particularly small and medium enterprises (SMEs), strengthening cross-border trade

Feyisayo Ajayi Feyisayo Ajayi
Transcorp Hotels Q1 2026 results
Hot NewsLuxury

Nigeria’s Transcorp Hotels tops list as Africa’s most valuable hospitality brand with $1.5 billion capitalization

Transcorp Hotels Plc has emerged as Africa’s most valuable publicly listed hospitality company, with a market capitalization exceeding $1.5 billion on the Nigerian Exchange. The hospitality subsidiary of Transnational Corporation of Nigeria has strengthened its position through rising earnings, premium hotel assets, and growing investor confidence in Africa’s expanding hospitality sector. Anchored by the iconic Transcorp Hilton Abuja, the company…

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Nigeria’s inflation eases to 15.06% in February but monthly pressures rise

Nigeria’s inflation eased to 15.06% in February, but monthly price pressures intensified for households.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Shoprite enters community banking through R&A Cellular acquisition

Shoprite acquires R&A Cellular to expand digital payments and financial services through local spaza shops.

Omokolade Ajayi Omokolade Ajayi
Hot NewsLuxury

10 most valuable publicly listed hotel brands in Africa

Africa’s listed hotel companies are expanding tourism and investment, led by Nigeria’s Transcorp Hotels and South Africa’s hospitality giants.

Feyisayo Ajayi Feyisayo Ajayi
BillionairesBusinessHot News

South African billionaire Koos Bekker loses $400 million in two months

South African billionaire Koos Bekker loses $400 million as Naspers and Prosus shares fall amid global market pressures.

Omokolade Ajayi Omokolade Ajayi
Madinet Masr 2025 financial results
BusinessHot News

Madinet Masr reports $223 million revenue, as profits nears $70 million in 2025

Madinet Masr reports $236 million revenue and $73 million profit in 2025 as strong demand for Taj City and Sarai drives sales growth and accelerates project deliveries.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

South African businessman Robert Gumede’s Vision Group seeks solution to Tongaat Hulett’s financial crisis

Robert Gumede’s Vision Group pursues a solution to rescue Tongaat Hulett, aiming to preserve its financial and social value.

Omokolade Ajayi Omokolade Ajayi
Hot NewsTechnology

Senegalese-American executive Aicha Evans’ Zoox taps Uber to offer robotaxi rides in Las Vegas and LA

Aicha Evans’ Zoox partners with Uber to launch driverless robotaxis in Las Vegas this summer and Los Angeles in 2027.

Omokolade Ajayi Omokolade Ajayi
Optasia Finergi acquisition
BusinessHot News

Optasia acquires Finergi for $30 million to expand Africa’s prepaid electricity credit

Optasia acquires Finergi for $30 million, expanding Africa’s prepaid electricity credit platform to serve unbanked consumers.

Feyisayo Ajayi Feyisayo Ajayi