Tag: Featured

Capitec tax bill 2025
BusinessHot News

Capitec’s tax expense rises to $238 million as earnings surge

Capitec Bank’s tax expense jumped to $238 million in 2025 as profit surged, driven by AvaFin integration and rising insurance income across operations.

Feyisayo Ajayi Feyisayo Ajayi
African billionaires travel
BusinessHot News

Why African billionaires spend on travel and how it shapes their children’s future

Travel is succession planning for African billionaires, grooming heirs like Dangote’s and Elumelu’s children for global business leadership roles.

Feyisayo Ajayi Feyisayo Ajayi
Kenya beverage industry leaders
BusinessHot News

15 leading beverage companies in Africa

Africa’s beverage sector thrives, led by Coca‑Cola, Nigerian Breweries, and local brands shaping soft drink and beer markets.

Feyisayo Ajayi Feyisayo Ajayi
Kimpton Property-an IHG Hotel
LuxuryTourism

IHG debuts first Kimpton hotel in Morocco

IHG launches its first Kimpton hotel in Marrakech, Morocco, blending design, wellness, and local charm.

Timilehin Adejumobi Timilehin Adejumobi
Morocco Digital 2030 startup funding
BusinessHot News

Inside Morocco’s $140 million funding to scale startups under digital 2030

Morocco is deploying $140 million under Digital 2030 to build a repeatable startup pipeline, backing founders, funding and infrastructure nationwide.

Feyisayo Ajayi Feyisayo Ajayi
IBL financial services restructuring Mauritius
BusinessHot News

Mauritius’ IBL moves to consolidate financial assets under new holding structure

Mauritius-based IBL plans to consolidate banking and insurance assets under a fully owned holding company to streamline governance.

Feyisayo Ajayi Feyisayo Ajayi
African business closures 2025
BusinessHot News

25 startups and firms that closed in Africa in 2025

2025 saw 25 African companies close as funding, costs, and regulatory pressures reshaped markets across fintech, healthcare, and logistics.

Feyisayo Ajayi Feyisayo Ajayi
Angola food imports financing
BusinessHot News

Angola’s Banco Millennium Atlantico secures $17.6 million to fund food imports

Banco Millennium Atlântico secured a $17.6 million Proparco guarantee to support food imports, easing trade finance strains for Angolan businesses.

Feyisayo Ajayi Feyisayo Ajayi
Mike Adenuga Macron meeting
BusinessExclusive

Chief Mike Adenuga meets President Macron at Élysée Palace

Nigerian billionaire Mike Adenuga held talks with France’s President Emmanuel Macron at the Élysée Palace in Paris, reinforcing diplomatic ties.

Editorial Team Editorial Team
Kenya beverage market
BusinessHot News

Crown Beverages Mauritius targets Kenya’s $3.7 billion beverage market with Pepsi expansion

Crown Beverages ramps up Kenya expansion with Ksh30 million ($190,000) Fizzmas push to win share in the $3.7 billion soft drinks market during festive season.

Feyisayo Ajayi Feyisayo Ajayi
Kenya $38.8 billion infrastructure plan
BusinessHot News

Kenya’s $38.8 billion mega infrastructure plan receives interest from private sectors

Kenya’s $38.8 billion 10-year infrastructure plan is drawing private capital for roads, rail, ports, airports and energy projects across the economy.

Feyisayo Ajayi Feyisayo Ajayi
FMB Capital pays $42.3 million taxes
BusinessHot News

Mauritius-based group, FMB Capital’s income tax amounts to $42.3 million across its operating countries

FMB Capital paid $42.3 million in income taxes in 2024, with profits rising 12.8% and total assets growing 36% across Southern Africa.

Feyisayo Ajayi Feyisayo Ajayi