Tag: Featured

BusinessHot News

KCB Group posts record $530 million profit as Kenyan unit leads earnings growth

KCB Group Plc posts $530 million profit as Kenyan unit leads earnings and mobile lending expands across East Africa.

Omokolade Ajayi Omokolade Ajayi
Samuel Tafesse Marriott Addis Ababa
Hot NewsLuxury

Meet Samuel Tafesse, Ethiopian multi-millionaire behind Africa’s first Marriott hotel

Ethiopian developer Samuel Tafesse built sub-Saharan Africa’s first Marriott hotel, rising from street trader to construction magnate.

Feyisayo Ajayi Feyisayo Ajayi
Sam Ngumeni to succeed Woolworths CEO Bagattini
BusinessHot News

Woolworths names Sam Ngumeni CEO as Roy Bagattini prepares to retire in 2026

Woolworths names longtime executive Sam Ngumeni CEO as Roy Bagattini prepares to retire in 2026 after six years leading strategic turnaround.

Feyisayo Ajayi Feyisayo Ajayi
IFC Mali agribusiness financing
Hot NewsLuxury

IFC launches $1.76 million program to improve labor standards in Africa’s hotels

IFC launches a $1.76 million advisory program to help African hotels improve labor standards, strengthen HR systems and align with global ESG practices.

Feyisayo Ajayi Feyisayo Ajayi
IFC Guinea construction financing
BusinessHot News

IFC backs $20 million risk-sharing deal to finance Guinea’s construction firm GPC

IFC plans $20 million risk-sharing deal with Ecobank Guinea to expand financing for construction and mining contractor GPC in Guinea market.

Feyisayo Ajayi Feyisayo Ajayi
Growthpoint Properties revenue update
BusinessHot News

Growthpoint Properties reports $403 million revenue as property assets near $10 billion

Growthpoint Properties posts $406 million half-year revenue, interim dividend rises 8.5% on strong SA portfolio performance and strategic acquisitions.

Feyisayo Ajayi Feyisayo Ajayi
Hosken Consolidated Investments Kalahari Mall sale
Hot NewsLuxury

Hosken Consolidated Investments to sell Kalahari Mall for $48.6 million

Hosken Consolidated Investments agrees $48.6 million sale of Kalahari Mall in Upington, aiming to reduce debt and unlock value for shareholders.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Tanzania’s first dollar billionaire, Rostam Aziz, acquires majority stake in Nation Media Group

Rostam Aziz, Tanzania’s first dollar billionaire, takes control of Nation Media Group to expand media and regional investments.

Omokolade Ajayi Omokolade Ajayi
Hot NewsSports

Anthony Joshua moves to Dubai even as Iran tensions shake UAE safe-haven status

Boxing star Anthony Joshua moves to Dubai despite regional tensions, joining a growing community of millionaires and billionaires in the UAE.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Metair Investments Limited reports $1.1 billion revenue in 2025 as AutoZone drives growth

Metair Investments reports $1.1 billion revenue in 2025 as AutoZone expansion, restructuring, and stronger demand lift margins and operating performance.

Feyisayo Ajayi Feyisayo Ajayi
Hot NewsTechnology

Naspers shares rise after 20% slump, market cap hits $44 billion

Shares of Naspers rebound after a 20 percent slump, lifting market value above $44 billion as investor confidence returns.

Omokolade Ajayi Omokolade Ajayi
Remgro sells FirstRand stake
BusinessHot News

Remgro sells $300 million FirstRand stake as it exits non-core investment

Remgro sells R4.88 billion ($300 million) FirstRand shares, continuing its strategic exit from the banking giant after the 2020 RMB Holdings unbundling.

Feyisayo Ajayi Feyisayo Ajayi