Tag: Featured

Isyaku Abdulsamad “Khalifa” Rabiu.
BusinessExclusive

Abdul Samad Rabiu’s son, Khalifa, joins Nigeria’s wealthy with $271 million BUA Foods stake

With a significant $271 million stake in food giant BUA Foods Plc, Khalifa Rabiu steps into Nigeria’s wealthy ranks.

Omokolade Ajayi Omokolade Ajayi
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U.S., China push Ghana to halt gold royalty hike amid miner backlash

U.S. and China urge Ghana to reconsider gold royalty hike as miners warn higher rates could hurt Africa’s top gold producers.

Omokolade Ajayi Omokolade Ajayi
Hot NewsLuxuryTourism

10 best private islands in Africa

Africa’s private islands offer ultra-luxury escapes, pristine beaches, and conservation-led hospitality across Seychelles, Tanzania and Mozambique.

Feyisayo Ajayi Feyisayo Ajayi
ADvTECH earnings growth
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ADvTECH projects up to 19% earnings growth as valuation nears $1.5 billion

ADvTECH forecasts 14%–19% earnings growth for 2025 as Africa’s largest private education group approaches a $1.5 billion market valuation.

Feyisayo Ajayi Feyisayo Ajayi
Fawry $57.6 million profit
BusinessHot News

Egyptian tech mogul Ashraf Sabry’s Fawry posts $57.6 million profit in 2025

Fawry reports $57.6 million profit in 2025, driven by booming digital payments and banking services under Ashraf Sabry’s leadership.

Feyisayo Ajayi Feyisayo Ajayi
BusinessExclusive

Auwalu Abdullahi Rano: The oil mogul behind Nigeria’s first unmanned fuel stations

Auwalu Abdullahi Rano, the oil tycoon behind Nigeria’s first unmanned fuel stations, introduces 24/7 self-service refueling with digital controls.

Omokolade Ajayi Omokolade Ajayi
MTN deal puts $109.8 million in Darwish’s reach
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MTN’s $6.2 billion IHS takeover could deliver $109.8 million to founder Sam Darwish

MTN’s $6.2 billion takeover of IHS Towers could hand founder Sam Darwish $109.8 million, highlighting the telecom giant’s two-decade infrastructure expansion.

Feyisayo Ajayi Feyisayo Ajayi
African Rainbow Minerals profit
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South African billionaire Patrice Motsepe’s ARM posts $183.6 million half-year profit

African Rainbow Minerals, led by Patrice Motsepe, reports $183.6 million half-year profit as revenue climbs and strong commodity prices boost earnings.

Feyisayo Ajayi Feyisayo Ajayi
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AfDB backs billion-dollar aviation push as Africa becomes fastest-growing market

AfDB launches billion-dollar program to boost Africa’s aviation and attract long-term investment.

Omokolade Ajayi Omokolade Ajayi
Malagasy businessman Hassanein Hiridjee
Hot NewsTechnology

Axian Telecom, AST SpaceMobile launch Africa’s first direct-to-device satellite network

Axian Telecom and AST SpaceMobile plan Africa’s first direct-to-device satellite network to expand 4G and 5G access to rural areas.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

FirstRand tops Capitec as Africa’s most valuable lender, eyes Ghana and Nigeria

FirstRand surpasses Capitec as Africa’s top lender, targeting growth in Ghana, Nigeria, and broader regional markets.

Omokolade Ajayi Omokolade Ajayi
Dollar-denominated REIT and firms in Africa
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Toby Selman’s Africa Logistics Properties and the rise of dollar-denominated entities in Africa

Toby Selman’s Africa Logistics Properties launches East Africa’s first dollar-denominated REIT, boosting investor confidence continent-wide.

Feyisayo Ajayi Feyisayo Ajayi