Tag: Featured

Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Aliko Dangote’s mega refinery targets 130 crude grades ahead of $50 billion IPO

Dangote Refinery targets 130 crude grades as it expands capacity ahead of a planned $50 billion IPO.

Omokolade Ajayi Omokolade Ajayi
Nigeria’s state-owned oil company, NNPC.
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Nigeria’s state-owned NNPC posts $351 million profit on higher oil output, gas projects in April

NNPC profit rises to N481 billion ($351 million) in April 2026 as crude output, gas projects and revenue climb sharply.

Omokolade Ajayi Omokolade Ajayi
South African packaged foods giant Tiger Brands Limited.
Hot NewsBillionairesBusiness

South Africa’s Tiger Brands reports $1.1 billion H1 revenue on volume growth

Tiger Brands reports $1.1 billion revenue as operating income rises 26.1 percent, driven by volume growth, margin gains, and efficiency improvements.

Omokolade Ajayi Omokolade Ajayi
Kenyan tycoon Ngugi Kiuna.
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Heineken seeks to block $1.8 million interest award in decade-long battle with Kenyan tycoon Ngugi Kiuna

Heineken appeals a $1.8 million interest ruling in its long-running Kenya dispute with tycoon Ngugi Kiuna’s Maxam Ltd.

Omokolade Ajayi Omokolade Ajayi
Glencore South Africa job cuts
BusinessHot News

Glencore halts 1,500 job cuts after South Africa approves discounted power for smelters

Glencore halts 1,500 job cuts after South Africa approves discounted electricity tariffs to support struggling ferrochrome smelters.

Feyisayo Ajayi Feyisayo Ajayi
Egyptian billionaire Nassef Sawiris.
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OCI Global sells 50% of OCI Nitrogen to AGROFERT in $128 million restructuring deal

OCI Global agreed to sell 50% of OCI Nitrogen to AGROFERT in a €110 million ($128.31 million) deal, advancing portfolio restructuring strategy continues. push

Feyisayo Ajayi Feyisayo Ajayi
Initiates Uganda
BusinessHot News

Nigerian businessman Reuben Ossai’s TIP raises Uganda unit stake by $2 million

Nigerian firm The Initiates Plc raised its Uganda unit stake to 55% with a $2.02m deal, boosting East Africa oil services expansion push for growth.

Feyisayo Ajayi Feyisayo Ajayi
BusinessHot News

Uganda court clears taxman to enforce $4.9 million tax demand against Nile Breweries

Uganda High Court allows Ugandan taxman to enforce $4.9 million tax demand against Nile Breweries as appeal remains pending.

Feyisayo Ajayi Feyisayo Ajayi
Coris Bank Chad
BusinessHot News

World Bank backs Coris Bank Chad with $10 million to boost SME access

IFC backs Coris Bank Chad with $10 million guarantee to expand trade finance, boosting SME access and cross-border commerce.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian fintech company Paystack.
TechnologyBusinessHot News

Following move to close $32 billion financing gap Paystack launches AI dashboard for SMEs

Paystack launches an AI dashboard helping merchants analyze data and manage finances as it targets a $32 billion small business funding gap.

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

After $237 million dividend, Abdul Samad Rabiu is ‘Cruising the Mediterranean’

After receiving $237 million dividend from BUA Cement, Nigerian billionaire Abdul Samad Rabiu cruises the Mediterranean following strong 2025 results.

Omokolade Ajayi Omokolade Ajayi
Kenya's President William Ruto.
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Kenya overtakes Nigeria as AfDB’s third-largest borrower amid debt push

Kenya overtakes Nigeria as AfDB’s third-largest borrower as disbursements rise to $338 million in 2025 amid growing debt pressures.

Omokolade Ajayi Omokolade Ajayi