Tag: Featured

Osa Igiehon, Chief Executive Officer, Heirs Energies.
Hot NewsBusinessTechnology

Heirs Energies OML 17 JV, Redtech launch digital operations hub to boost Nigeria oil production

Heirs Energies OML 17 JV and Redtech launch a digital operations hub to monitor real-time data, boost asset reliability, and raise Nigeria oil output.

Omokolade Ajayi Omokolade Ajayi
South African banker Mary Vilakazi
Hot NewsBusiness

South African banker Mary Vilakazi’s FirstRand stake tops $3.2 million as shares climb

Mary Vilakazi’s FirstRand stake tops $3.2 million following strong share price growth and a recovering rand this year.

Omokolade Ajayi Omokolade Ajayi
MCB- CoreX Côte d’Ivoire nickel acquisition
BusinessHot News

MCB backs $180 million CoreX Nickel deal in Côte d’Ivoire

MCB joins $180 million financing backing CoreX’s acquisition of Côte d’Ivoire nickel asset, boosting Africa mining exposure.

Feyisayo Ajayi Feyisayo Ajayi
Cell C market value decline
BusinessHot News

Brett and Mark Levy’s Cell C sheds $92 million 7 months post-listing on JSE

Cell C sheds $92 million in value seven months after JSE listing, as investor caution persists despite improving fundamentals.

Feyisayo Ajayi Feyisayo Ajayi
The European Investment Bank (EIB).
Hot NewsBusiness

EIB pledges more than $800 million for Morocco in 2026 as investment ties deepen

The EIB commits more than $800 million to Morocco in 2026 to upgrade infrastructure, boost climate resilience, and rebuild quake-hit regions.

Omokolade Ajayi Omokolade Ajayi
OCI Global privatization
Hot NewsBusiness

Nassef Sawiris’ private firm in Cyprus moves forward with $4.7-per-share offer for OCI Global

Nassef Sawiris’ Cyprus-based firm advances $4.7-per-share bid for OCI Global, signaling progress toward full acquisition pending approvals.

Feyisayo Ajayi Feyisayo Ajayi
El Nasr Automotive Manufacturing Company.
BillionairesBusinessHot News

Egypt’s state-owned El Nasr Automotive boosts industry with China deal

Egypt revives El Nasr Automotive with FAW Group to produce new cars, expand EV manufacturing, and reduce vehicle imports.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Abdul Samad Rabiu.
BillionairesBusinessHot News

Nigerian billionaire Abdul Samad Rabiu loses $3.4 billion in under six weeks

BUA Group chairman Abdul Samad Rabiu loses $3.4 billion in six weeks following a major profit-taking wave on the Nigerian Exchange.

Omokolade Ajayi Omokolade Ajayi
African Bank cost cuts and IPO delay
BusinessHot News

African Bank targets $73 million cost cuts after $38 million loss, delays IPO

African Bank posts $38 million loss, targets $73 million cost cuts, delays IPO amid rising impairments and integration challenges.

Feyisayo Ajayi Feyisayo Ajayi
Murray Roberts $77.3 million asset sale
BusinessHot News

Murray & Roberts completes $77.3 million deal to anchor business rescue plan

Murray & Roberts completes $77.3 million mining asset sale, advancing business rescue and stabilizing operations after prolonged financial strain.

Feyisayo Ajayi Feyisayo Ajayi
African tech unicorns
TechnologyHot News

Naspers, led by Koos Bekker, reports $10 billion in revenue for 2026

Naspers posts $10 billion revenue for 2026 as AI ecosystem growth drives profits, cash flow, and shareholder returns across global markets.

Feyisayo Ajayi Feyisayo Ajayi
Adesuwa Okunbo Rhodes Aruwa Capital
BusinessHot News

Adesuwa Rhodes: Nigerian venture capitalist managing over $80 million in assets

Adesuwa Rhodes builds Aruwa Capital into a rising PE firm, managing about $80 million while backing high-growth African businesses.

Feyisayo Ajayi Feyisayo Ajayi