Tag: Featured

BusinessHot News

Nigerian lender FCMB meets $360 million capital requirement, secures international banking license

FCMB meets $360 million capital requirement, earning an international banking license for global operations.

Omokolade Ajayi Omokolade Ajayi
ExclusiveHot News

Africa’s 23 billionaires gain $20.3 billion; net worth hits $126.7 billion

Africa’s richest 23 gained $20.3 billion, with net worth reaching $126.7 billion as Dangote and Rabiu lead wealth growth.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

Nigeria’s Shoprite shuts all stores after 20 years despite local takeover

Shoprite Nigeria shuts all Nigerian outlets after two decades, ending local retail operations under Tayo Amusan’s ownership.

Omokolade Ajayi Omokolade Ajayi
Crookes Brothers leadership loss
BusinessHot News

Africa’s leading farm, Crookes Brothers, mourns loss of CFO and director Farzanah Mall

Crookes Brothers mourns CFO Nigel Naidoo and director Farzanah Mall, honoring their leadership in governance, risk oversight, and financial stewardship.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya asset financing for SMEs
BusinessHot News

Kenyan tycoon Baloobhai Patel set for $1.6 million Absa Kenya dividend

Kenyan investor Baloobhai Patel is set to earn $1.6 million after Absa Bank Kenya declared a higher dividend following stronger earnings.

Feyisayo Ajayi Feyisayo Ajayi
Absa Kenya 2025 profit
BusinessHot News

Absa Kenya posts $177.9 million profit in 2025 amid digital growth

Absa Kenya posts $177.9 million profit in 2025, boosted by digital growth, lower credit costs, and disciplined cost management.

Feyisayo Ajayi Feyisayo Ajayi
City Lodge Newtown hotel closure
Hot NewsLuxury

City Lodge to close Newtown hotel in Johannesburg by March 2026

City Lodge will close its 148-room Newtown hotel in Johannesburg by March 2026 as the group streamlines its portfolio and focuses on long-term returns.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Kenyan Sasini Tea targets China, India as Middle East crisis hits exports

Sasini Tea shifts avocado and macadamia exports to China and India as Middle East tensions disrupt traditional markets.

Omokolade Ajayi Omokolade Ajayi
MTN IHS Towers acquisition
BusinessHot News

MTN’s $6.2 billion IHS takeover could deliver $9.2 million to Bashir Ahmad El-Rufai

Bashir Ahmad El-Rufai could earn $9.2 million if MTN Group completes its $6.2-billion acquisition of telecom tower giant IHS Towers.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Zimbabwe’s richest man Strive Masiyiwa gains $900 million; hits $2.2 billion

Strive Masiyiwa gains $900 million, pushing his net worth to $2.2 billion as telecom and tech investments strengthen his business empire.

Omokolade Ajayi Omokolade Ajayi
Ngugi Kiuna Heineken lawsuit
BusinessHot News

Kenyan tycoon Ngugi Kiuna wins over $11 million court order against Heineken

Kenyan businessman Ngugi Kiuna wins major court order forcing Heineken to guarantee $11.4 million in a decade-long distribution dispute.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, president of Dangote Group
BusinessHot News

Africa’s richest man Aliko Dangote loses $400 million as naira weakens

Aliko Dangote’s net worth drops by $400 million to $32.6 billion as the naira weakens, impacting the dollar value of his holdings.

Omokolade Ajayi Omokolade Ajayi